Bankinter obtained a net profit of 1,333.1 million euros by 2021, 320% more than in 2020, including the surplus value of 895.7 million generated with the insurance direct line output. As the company has communicated to the National Securities Market Commission (CNMV), without taking this capitalization into account, the net profit is located at 437.4 million, including four months of direct line income. This amount accounts for 37.9% more than that registered by 2020 of 317 million.
The margin of interest closed 2021 at 1,275.3 million, with a growth of 2.3% compared to 2020, due to higher volumes and optimization of prices. As regards the gross margin, which encompasses the entertainment set, 8.6% grew with respect to one year ago, until reaching the close of year 1,855.3 million.
Regarding the exploitation margin before provisions, it closed the year exceeding 1,000 million euros for the first time, specifically 1,002.1 million, with a growth of 13.9% compared to 2020 and 19% More than in 2019, Pre-Covid year.
Revenues by net commissions were located at 603 million, with an advance of 21% compared to 2020, and represented 33% of the gross margin. Most of these commissions proceeded from activities related to asset management, intermediation and advice to customers.
Thus, commissions derived from asset management grew by 30%, up to 204 million. The operative with values allowed 114 million, 16% more, and 13% more than come from insurance and pension funds.
Bankinter stressed that 2021 was a year of "record growth" in commercial activity, with an advance of the new 58% mortgage production, up to a portfolio of 31,300 million; A growth of 11.5% in customer resources, reaching up to 72,484.9 million, and 30% more in investment funds.
In the business business, it registered a volume of credit investment of 28,700 million euros, with a growth of the portfolio in Spain of 1%, and this despite the absence this year of public endorsement loans, as highlighted. The market share went from 5.3% by 2020 to 5.4% by 2021.
As regards Commercial Banking, the Heritage Managed in Private Banking reached 49,900 million, compared to 42,800 million 2020, and with a new net worth grabbed in the year of 3,600 million.
In personal banking, the volume reached 29,800 million euros, with a new net worth caught in the year of 2,800 million.
The balance of payroll accounts in Spain reached up to 14,900 million in 2021 compared to 12.7 billion 2020.
The total assets of the group concluded the year at 107,584.1 million euros, which account for 11.8% more than the previous year.
As regards credit investment to clients, it experienced a growth of 5.7%, up to 68,048.8 million euros. The growth of investment in Spain was 3.9%, compared to a sector that slowers the portfolio by 0.3% with data to November of the Bank of Spain.
Regarding the profitability of own resources, ROE, excluding direct line surplus value, this indicator reached 9.6%, compared to 7.03% of 2020, a year in which this ratio accused the greatest provisions made to prevent A worsening of the macroeconomic environment after the pandemic.
As for the capital, Bankinter maintains a 12.1% CET1 Fully Fully ratio, well above the demands of the European Central Bank (ECB) of 7.68%. The delinquency ratio stood at 2.24%, 13 basis points less than a year ago.
The Bank has recovered this year its traditional shareholder remuneration policy through the payment of two dividends from recurring results of 2021: the first in October, for an overall amount of 119.78 million euros, and the second in December With a new fertilizer of 46.26 million euros, which means returning to a Pay Out of 50%, entirely in cash.
Date Of Update: 20 January 2022, 17:27
