Bankinter To Grant €2,000M In Mortgages In 2015

10 July 2015 – Expansión

Bankinter is strengthening its commitment to the mortgage segment as the economic recovery takes off. The entity began to reactivate its commercial offer at the end of 2013, in anticipation of the recovery in the real estate market. Since then, it has positioned itself as one of the most active banks in the recent mortgage war, and that is driving the generation of new business.

According to an announcement made by Bankinter yesterday, the bank accelerated the volume of mortgages granted during the first six months of 2015, signing 5,523 loans in total with a combined value of €906 million. These figures represent an increase of 34% with respect to the same period in 2014, when the bank signed 4,074 mortgages with a total value of €674 million.

Market share

“These figures confirm that 2015 is going to be the best year for the mortgage market since the onset of the property crisis. The strong data means that we expect to close the year having granted new mortgages worth more than €2,000 million”, said Bankinter, which has a share of 6% of the mortgage market. In 2014, the volume of new signings amounted to €1,500 million.

Bankinter has just launched a fixed-rate mortgage, at a rate of 2% over ten years; this will be marketed alongside its variable-rate mortgage (Euribor plus a spread of 1.50%). (…).

Original story: Expansión

Translation: Carmel Drake