Estado de Bankinter

Bankinter is a prominent Spanish financial services company headquartered in Madrid. Founded in 1965 as an industrial bank through a joint venture between Banco Santander and Bank of America, it later became an independent commercial bank. The company has been listed on the Bolsa de Madrid since 1972 and is part of the Ibex 35 Index. It is known for its differentiation, innovation, service quality, and the application of technology across all business lines. It is the sixth largest bank in the Spanish financial system by size and the fourth in terms of market capitalization, and is noted for having the highest profitability among listed Spanish banks and the best asset quality. With total assets exceeding 100 billion euros and controlled funds of over 106 billion euros, Bankinter also has a presence in Portugal, Ireland, and Luxembourg. Its business model is based on a range of complementary business lines, primarily focusing on corporate banking, with a special emphasis on medium and large segments, as well as high-net-worth customers. It also operates in consumer banking through its subsidiary Bankinter Consumer Finance and in investment banking. The bank has a history of pioneering digital and mobile banking, including being the first to launch an internet bank in 1996 and a robo-advisor in 2017. Bankinter's app offers intuitive navigation and a wide range of features, including account and card management, transfers, Bizum for instant payments, and the ability to contract products like accounts, cards, deposits, and insurance. The app also allows for biometric identification and provides an aggregator to view accounts from other banks on a single screen. The company's revenue streams are diversified across geographies and business lines, with a focus on high-value products and services that generate both net interest income and fee and commission income. Bankinter’s commitment to innovation and its diversified strategy have led to sustained growth in its loan portfolio, customer funds, and off-balance-sheet funds, with consistent double-digit growth in profits in recent years. The bank's focus on technology is also evident in its use of artificial intelligence to improve customer relationships and internal productivity. Its strategic acquisitions, such as Evo Banco and Avantcard in Ireland, and its expansion into Portugal by acquiring Barclays' commercial network, have further strengthened its market position. The company's success is attributed to its dedicated workforce of over 6,000 employees and its focus on customer satisfaction and operational excellence, which has made it a trusted financial partner for individuals and businesses. Bankinter's legacy is defined by its ability to maintain a strong market position through a strategy based on differentiation, a constant pursuit of excellence, and a strong commitment to innovation, sustainability, and profitability.