Spain’s large lender company: Bankinter, which currently owns Avant Money, has published new research results. These results predict the outcome of loan growth and higher lending income across its citizens and markets as lower provisions led to its 4th-quarter profits to fall less than in previous quarters.
The lender identified possible success within its Irish market business. Especially for the reason of offering credit card, home, and mortgage loans. After releasing these research results, we saw Banklinter’s shares rise by more than 7% this past Thursday after it stated that is their net interest income would be growing in 2021 despite the negative interest rates in the first half. Net Interest Income (NII) is defined by the difference between the company’s’ earnings on loans and the costs.
Bankinter’s chief financial officer, Mr. Diaz, has spoken up and told analysts that the company is expected to show strong actives of loan growth in both mortgage and consumer lending in Ireland, Spain, and Portugal. This is shown by Net profit at the bank falling to 8.7% to €97 million compared to €115 …