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BANKINTER SHAREHOLDERS APPROVE NEW 5 PERCENT CAPITAL REDUCTION

 MADRID, Spain, Feb. 11 /PRNewswire/ -- BANKINTER, S.A. (NASDAQ: BKISY) shareholders approved today the bank's 5 percent proposed reduction of its common stock, at a special shareholders' meeting.
 The capital reduction, which will become effective after final approval by the Spanish tax and securities authorities, will result in the cancellation of 897,719 BANKINTER shares previously acquired by the bank on the open market.
 This new retirement of shares will increase the Bank's earnings-per- share and should enable the Bank to continue to increase future dividends paid on its shares. However, the transaction will not significantly alter BANKINTER'S strong solvency ratios, which as measured by B.I.S. standards, will remain at over 16 percent with Tier I, or core capital well in excess of 13 percent.
 The bank paid its third quarterly interim dividend of Ptas 100 on January 9, from 1992 profits.
 BANKINTER is the eighth largest publicly owned bank in Spain and one of the most profitable. The bank's sponsored American Depositary Receipts (ADRs) are traded in the U.S.
 -0- 2/11/93
 /CONTACT: Jerome Wattel, 212-599-2369, or Alfonso Alfaro, in Spain, 011-341-339-7561, both for BANKINTER/
 (BKISY)


CO: Bankinter, S.A. ST: IN: FIN SU:

LR -- NY054 -- 5739 02/11/93 13:09 EST
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Publication:PR Newswire
Date:Feb 11, 1993
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