Printer Friendly

-Bankinter reports fiscal results.

Global Banking News-October 21, 2011--Bankinter reports fiscal results(C)2011 ENPublishing -

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.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -
COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Oct 21, 2011
Previous Article:-Community Bank Shares of Indiana reports fiscal results.
Next Article:-Banco Santander sells 35 percent of Santander Consumer USA.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters