Bankinter’s CEO, María Dolores Dancausa, is convinced that the European Central Bank (ECB) “will allow us to distribute dividends. We hope that they will notify us next Friday.” “Our goal is to return to a 50% cash payout, as we have traditionally done,” explains the first executive of the Spanish bank.
“We are fully confident that the ECB will allow us to distribute dividends and will lift the veto, of course in the case of Bankinter, because there is no reason why not, “reiterated Dancausa, since the entity is “solvent, profitable and with predictable results”.
The bank also does not expect new surprises in defaults by companies or individuals, so it does not foresee having to make more extra provisions due to Covid, than those already made in the first half of 2020, and which amounted to 192 million euros, of which they have not had to appeal so far, nor do they believe that they will, according to the macroeconomic forecasts of the Government and the entity itself.
Bankinter, in fact, foresees a second half of the year better than the first, a period in which the bank earned 1,140 million euros, which includes the capital gains generated by the listing of Línea Directa. If this extraordinary is excluded, the net profit reaches 244.5 million euros, 124.1% higher than the first half of 2020, although still 2.9% below the same period of 2019.