Bankinter warns: "Irrationality continues in the mortgage market"
Last year, the bank exceeded €1 billion in profit for the first time, excluding extraordinary gains.
BarcelonaBankinter's CEO, Gloria Ortiz, continues to see "irrationality" in the mortgage market and has once again ruled out entering into any kind of price war for home loans. During the presentation of the 2025 results, in which the bank surpassed €1 billion in profit for the first time, she denounced that some institutions are selling mortgages at 2% or 2.20% when the curve swap The 30-year yield is currently around 3%.
With this interest rate, it's an unsustainable portfolio, he added. "In 30 years, interest rates can do a lot," he warned, adding that Bankinter "hasn't entered this race" because it wants to build a sustainable portfolio.
The bank earned €1.09 billion last year, 14.4% more, thanks to growth in commercial activity and revenue diversification. This is the first time the institution has exceeded the €1 billion threshold without extraordinary results. In 2021, it posted a profit of €1.333 billion, but this included a capital gain of almost €900 million from the IPO of the insurer Línea Directa. Net profit from ordinary activities was €437.4 million at that time.
Return on equity (ROE) reached 18.9%, compared to 17.9% in 2024. The non-performing loan ratio fell to 1.94%, down 17 basis points, with a coverage ratio of 68%.