Bankinter, which bought much of the Barclays operation in Portugal and double the share to 10% in the Portuguese market and it moves to represent 15% of revenues, growing mainly in loans to businesses and housing.
This information was today advanced a meeting with journalists by the chief executive of Bankinter, Maria Dolores Dancausa, who said that Bankinter Portugal is about 8% of the entire group revenue and expects “pass representing 15% of total revenues within a reasonable period “which estimated three years.
As for market share in Portugal, said that currently stands at 5% and expected to grow to” reach 10%. ”
Maria Dolores Dancausa said that in Spain, where it is the eighth largest bank in assets, Bankinter is a bank “based on innovation” and that Portugal wants to continue this path, growing “organically” not providing new acquisitions, and focusing on customers “medium and high segments and in medium and large companies, especially exporters.”
Since Carlos Brandao, head of operations in the Portuguese market, said the objective of the Bankinter in Portugal is “growing within the natural quota” and that the bank aims to increase housing loan production quota to 7% of the total and the companies to credit production share to 4%.
“for that we will be competitive, but bearing in mind the risk,” said the official, assuming that the bank has ” ‘spreads’ more competitive” against the competition.
With the acquisition of an important part of Barclays business in Portugal, namely retail banking, for 86 million euros, Bankinter now has a significant presence in Portugal, with about 80 branches and 930 employees.
Today, with journalists , officials of the bank said they will not increase the network or reduce staff and that the aim is to grow the business based on the current size.
the Spanish Bankinter, which celebrated in 2015 its 50th. anniversary, obtained last year a net profit of 375.9 million euros, an increase of 36.3% over the previous year.
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