Bankinter becomes the red ‘lantern’ of the Ibex. The entity dropped 2.9% in this Thursday’s session and is among those that fell the most, along with ArcelorMittal (-3.41%) and Fluidra (-3.89%). The fall occurs in a generalized context of withdrawals from the stock market and on the day that the results were presented. The bank led by María Dolores Dancausa has obtained a net profit of 560 million in 2022, 28% more year-on-year and ten million above the estimate by the consensus of analysts.
These figures allow Bankinter to advance its goal of achieving profits prior to the outbreak of the coronavirus by one year, boosted by the rise in interest income due to the rise in the Euribor. The bank has lowered its level of provisions in order to cover its back against possible defaults by 18%, to 381 million. Despite the deterioration of the macroeconomic environment and uncertainty, it has managed to reduce its delinquency rate by more than one tenth and places it at 2.1%. In parallel, it has also closed 2022 with an improvement in ROE (return on equity) to 12%, in contrast to the 9.6% of the previous year, which does not include the extraordinary capital gains from Línea Directa.
The falls have starred the day, in which the Ibex has left more than 1.5%, losing the level of 8,800 points. Thus, the falls of Banco Santander (-2.78%), Colonial, Amadeus and Solaria, which lost 2.55% each, or Grifols (-2.43%) also stand out. Only Enagás (+0.42%), Redeia (+0.24%) and Iberdrola (+0.05%) managed to finish positive. Red is also imposed in the rest of the parks of the Old Continent. The French CAC lost 1.86% after the mid-session, the Dax 1.72%, the Italian FTSE 1.75% and the FTSE 100 1.07%.
The Governor of the Bank of the Netherlands and member of the Governing Council of the issuing institution, Klaas Knot, commented this morning that the European Central Bank (ECB) plans to execute a 50 basis point rise in interest rates at the next meetings of monetary policy, as he has commented to CNBC. The inflation rate in the euro area closed the year at 9.2%, after easing by almost one point from its highs.