LISBON: Spanish bank, Bankinter, said this week it had allocated €1.1 billion to fund Portuguese companies and families, as it celebrated its first anniversary on the Portuguese market, marked by the inauguration of its new headquarters in central Lisbon’s Praça Marquês de Pombal.
“2016 was the year of Bankinter’s implementation on the Portuguese market and we are very satisfied with the results. We are in Portugal with a long-term outlook and to help support families and companies in the country with more than €1.1 billion available for credit”, Carlos Brandão, Bankinter Portugal chairman said.
During its first 12 months, Bankinter – which bought the retail operations of Barclays Portugal – gained 12,500 new clients and more than €1.6 billion in resources while lending some €840 million in credit.
