Report
Benoit Valleaux ...
  • Steven Gould

Bankinter : Solid Q4 2021 and guidance for 2022 vs limited upside

>Operational trend confirmed in Q4 and guidance for 2022 - For Q4 2021, Bankinter has once again published broadly solid and reassuring figures on the operational front (top line, costs and cost of risk): net profit was € 82m (+31% vs consensus), a performance driven by higher revenues (+2% vs consensus) and lower-than-expected provisions (-12% vs consensus). As a reminder, the group has operated without any “direct” contribution from LDA since H2 2021, after the spi...
Underlying
Bankinter SA

Bankinter is the parent company of a group engaged in banking activities. Services provided include: investment banking; capital market services; financial services insurance; international services such as foreign exchange transactions and travelers' checks; wholesale corporate banking; and retail and private banking services. Co. offers its products and services through the following channels of distribution: branch network; telephone banking, interactive (software) banking; agents; and Internet banking. As of Dec 31 2014, Co. had assets totalling Euro57,332,974,000 and deposits totalling Euro29,966,129,000.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Steven Gould

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