Bankinter Q1 Net Profit Rises 7.6% YoY

Bankinter posted Q1 net profit of €291 million, up 7.6% YoY and beating consensus by 2%.
Pre‑tax profit rose 8.2% to €410 million while cost‑to‑income ratio slipped to 35.4%, slightly above guidance.
Deposits fell 3% QoQ despite a 1% YoY rise, prompting analysts to warn funding costs may pressure future loan volumes.
CET1 ratio improved to 12.96% and off‑balance‑sheet assets under management jumped 17% YoY to €69.1 billion.