Bankinter Announces Earnings Results for the Fourth Quarter and Full Year 2017; Provides ROE Guidance for the Year 2018
For the year, the company reported net income reached EUR 495 million, this is up 1% from a year ago. Gross operating income has reached EUR 1,851 million up 8% from last year. On a like-for-like basis that is without Portugal, net income would have been EUR 472 million up 20% with respect to last year. Despite persistently negative EURIBOR rates net interest income continued to show positive trends, net interest income in 2017 grew by 8.5% year-on-year. And finally, its annual return on equity that has reached 12.6% second to none among listed Spanish banks.
For the fiscal year 2018, the company expects that ROE will be maintained in 35%.