Bankinter : NPLs remain stable despite the adverse denominator effect of the fall in the stock of credit (+0.03% month-on-month; -3.31% year-on-year; -2.99% YTD/2023). Most importantly, the balance of non-performing loans stands at €42,081m (+0.05% month-on-month; -9.2% year-on-year) and accumulates a decline of -2.5% YTD/YTD (vs €43,159m in Dec 2022). This is good news because: (1) there is no significant deterioration in credit quality despite rate hikes and inflation. It…

Bankinter : According to the latest data published by the Bank of Spain, the preliminary figure for non-performing loans remained at 3.50% in July, similar to June’s figure and compared to 3.85% in July last year, despite the adverse denominator effect of the fall in the stock of credit (-0.92% m/m; -3.09% year-on-year); BBVA, Sabadell and Caixabank, top picks. 26 September 2023 Analysis team’s view: Most importantly, the balance of…

Alphavalue | Large entities such as CaixaBank and Bankinter have begun to offer returns on deposits on a personalised basis and for customers with strong ties and balances of more than €50,000, as reported by the newspaper Expansión. Santander does the same, through Openbank. Until now, only a few small banks (and mostly internet-based) offered something for deposits.