Bankinter announced earnings results for the fourth quarter and full year 2017. For the quarter, net interest income reached EUR 272 million, 4.8% more than in the previous quarter and up 2.3% from the same quarter last year.

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%.