Bankinter

Bankinter is the sixth largest banking group in Spain. The body was founded in 1965 as a joint enterprise of the Banco Santander and the Bank of America. Since 1972, the bankís shares have been traded at the Madrid Stock Exchange under the symbol BKT. The bank is headquartered in Madrid. Mr. Pedro Guerrero, Chairman of the Managing Board of Bankinter S.A. and Mr. Jaime Echegoyen, CEO, are leading a team of 4,800 devoted professionals, who are working in a network of over three hundred branches in Spain and internationally, serving the bankís clients in two main directions and namely, retail banking and business banking and financial services.

To their private clients, the team of Bankinter are pleased to offer the full range of everyday banking services such as account management, payments and money transactions on the territory of Spain and across the world, online banking, telephone and WAP banking services. The bankís loan portfolio is also quite substantial, including mortgage and consumer loans and individually-tailored leasing solutions. The clients of Bankinter from the higher walk of life may take advantage of the bankís asset management, treasury and investment advisory services, as well as legal assistance and tax advisory. It is also noteworthy that the private banking division of Bankinter won 15,000 new clients in 2008, added to the groupís 65,000 active costumers.

Bankinter also provides made-to-measure financial products to small and medium-sized enterprises such as project financing, manufacturing loans, corporate business accounts, export and customs assistance, and risk management solutions.

The large companies and corporations working with Bankinter may rely on integrated corporate banking solutions such as asset and liquidity management, market analyses, corporate investment financing, corporate loans and foreign exchange supervision, trade financing, etc.

At the end of 2008, Bankinter reported total assets of 53.468 million Euro, net profit in the size of 252 million euro and operating income of 540 million euro. It is also noteworthy that the lending activity of the bank saw an expansion in the tough financial conditions of 2008, with loans and advances to individual and corporate clients totaling over forty million Euro, which is about seven-percent increase from a year ago. The bankís bad loans grew less than expected over the first nine months of 2009, despite the collapse of the real estate market in Spain.

At the same time, the steady performance of the bankís mutual funds and trading business has yielded a net interest income of over 615 million Euro at the end of the third quarter of 2009 against an earlier forecast for about 600 million Euro.




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