Banco Finantia's Performance
In 2021, Banco Finantia´s financial soundness, as measured by the Common Equity Tier 1 ratio (CET1), recorded 26.1%, one of the highest CET1 ratios amongst European banks, and posted a €24.2 million net profit, a 2% increase over the €23.7 million of the year before.
The net interest income, net of hedging, reached €37.0 million, a 17% increase from the previous year (€31.6 million), mainly due to a decrease in the interest rate and FX hedging costs.
2021 |
Financial soundness*26,1% *Measured by the Common Tier 1 |
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Net profit*
*Compared to the previous year |
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2021 |
Financial soundness*26,1% *Measured by the Common Tier 1 |
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Net profit*
*Compared to the previous year |
Banco Finantia's performance has been distinguished, in several areas of financial activity, by prestigious international entities over the years.
Recently distinguished from among the 23 largest banks operating in the Iberian Peninsula, as the one with the highest ratios of financial soundness and ROA, according to the 2021 Ranking "Top 1000 World Banks". Also in 2019, it was considered the most sound (financial soundness) and cost-to-income of among the 7 major banks operating in Portugal, according to the Ranking 2019 "Top 250 EU Banks", made by the British magazine The Banker.
These awards are the exclusive responsibility of the awarding entities that assigned them.
The Banker study / ranking was based on objective criteria and several indicators were used: Size, Financial Strength and Performance.
See additional information in Financial information.