The net profit of Bankinter rises 30 pct in 2016, exceeds forecasts – Investing.com Spain

MADRID (Reuters) – The net profit of Bankinter (MC:) rose 30 percent in 2016, exceeding the forecasts of analysts, thanks to the growth of all lines of business and to the integration of the retail business Portuguese of Barclays (LON/:).

The net profit of the bank amounted to 490 million euros, compared to a forecast average of analysts 456 million calculated by Thomson Reuters.

In the fourth quarter waterproof, the net profit of the bank increased by 17.6 per cent year-on-year to eur 90 million.

The actions of Bankinter reacted to the upside, gaining 1.7 percent percent and ranging between the values that came up in the .

“The fourth quarter results have exceeded both our estimates as the consensus widely along the main lines of the income statement (except in net profit affected by higher taxes,” said Renta 4, (MC:) on a note of analysis after the results of the bank.

The entity, one of the less exposed the sector of the brick that has penalized the balance sheets of the banking sector, said that the interest margin – the difference between what you earn the entity with loans less what it pays for deposits – increased by 12.6 per cent to 979 million, above forecasts of the analysts of 949 million.

For this year, the bank expects a growth of single digit low in the interest margin.

The bank said it had a capital ratio CET1 fully loaded (full implementation of the Basel capital accord (III) of 11.2 percent at the end of 2016, a slight decrease compared with 11.5 percent at the end of September.

The non-performing loans ratio stood at 4,01 percent at the close of the year, the lowest in the sector for the business in Spain.

In a press release, the bank said all of its business lines grew, with a special mention to the business of business – which most contributed to the gross margin of the company, with a portfolio 21,700 million euros.

Bankinter also mentioned the solid performance of its private banking segment, with an increase of 11.4 percent in its assets managed to 31.200 million euros, and that of its insurance business Direct Line, with an increase of your premiums.

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