Increase in public works contracts break negative seven year cycle
The Corner | April 1, 2015 | Public works contracts grew by €2.88 billion (25%) in 2015, bucking a negative trend that had been prevalent for the previous seven years.
Bankinter
Bankinter results cause mixed feelings; Moody’s points to a sexier Spain
MADRID | By Jaime Santisteban | Bankinter, the Spanish bank with highest credit rating announced results under expectations, according to Santander. Analysts look optimistic on Spanish equities profitability and expect a 15% growth in Ibex 35. Spain walks on a firm and positive trend, points out Moody’s.
Mortgage rate swaps have become Bankinter’s nightmare
By Capital Madrid | After thousands of Spaniards marched last week throughout the country under the banner of alleged bank abuses, the hunt continues with legal action against one of the products entities often used during the bubble years: the interest rate swaps, also called ‘clips’. Bankinter recently gained one more adverse sentence, which brought its naughty account to 162. The local court number 8 in Madrid declared the nullity of…
Bankinter’s results are so much better than expected, even competitors are surprised
By Tania Suárez, in Madrid | Bankinter, with €59bn in assets, is the smallest of the Spanish listed banks but it has surprised everyone with its brilliant results. Net profit at the end of 2011 amounted to €181.2mn with an improvement of 20% compared to 2010. The gross margin was of €1,104.48mn, an increase of 0.20% year on year. Its income before provisions grew by more than 2.9% compared to…
BoE, ECB prepare field for the unstoppable Greek default
At Bankinter, analysts expect markets to register a further downward move in the coming weeks. In fact, they believe that markets right now “are probably too excited by the prospects of a coordinated and positive outcome for the euro zone. In reality, the only tangible factor one could be led by to optimism is the fact that the ECB has some unconventional measures taken, but these are not decisive in…