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-Bankinter reports fiscal results.

Global Banking News-October 21, 2011--Bankinter reports fiscal results(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 21 October 2011

Bankinter SA (BKT.MC), Spain's eighth-largest lender by market valuation, has reported that its net profit for the nine month has declined by 1.4 percent to EUR147m, compared with EUR149m a year earlier.

Net interest income has declined by 11 percent to EUR393.5m, Bankinter said, adding that it had covered 30 percent of its funding needs for next year. It also said that it had cut costs by 3.5 percent in its banking business.

The non-performing loan ratio has increased to 3.12 percent of total loans at the end of September, up from 2.77 percent a year earlier.

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Publication:Global Banking News (GBN)
Date:Oct 21, 2011
Words:146
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