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Bankinter’s Q4 net profit falls 15% from same period in 2020 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A Bankinter logo was displayed on a Madrid wall, Spain, March 17, 2016. REUTERS/Andrea Comas/File Photo

MADRID, Reuters – Spain’s Bankinter reported on Thursday that its fourth quarter net profit dropped 15% compared to last year due to one-off costs related to its contribution at the local fund which protects bank depositors.

Fourth-largest bank in terms of market capital reported a net profit (or 82.5 million euro) for the October toDecember period. This is more than what analysts expected from Reuters, which was 60 million euros.

($1 = 0.8811 euros)

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