Bankinter kicks off 2017 with solid business performance and first quarter earnings of 124.4 million euros, up 18.7%
(WorldNews Spain)

Bankinter Group has started the 2017 fiscal year, with strong business volumes and the profitable growth pattern evident from past years. Its net profit stood at 124.4 million euros at the end of the first quarter, with a pre-tax profit of 171.6 million. This constitutes an 18.7% and 16.3% year-on-year increase, respectively. These results include business data from Bankinter Portugal that did not appear on last year`s first-quarter income statement since the group`s purchase of Barclays` Portuguese subsidiary was not closed until 1 April 2016. Without Portugal, Bankinter Group`s quarterly net profit would be 120.6 million euros, up 15.1% from the first quarter of 2016; and its pre-tax...