ANALISIS BANKINTER

Bankinter, was established in June 1965 as Industrial and Business Bank formed by Banco Santander and Bank of America, with a 50% participation each. In 1972 began trading on the Madrid Stock Exchange, becoming at that time on a totally independent commercial bank of its initial shareholders. In 1990 changed its original name, Banco Intercontinental Spanish, by Bankinter.!

The 23/07/2007, The financial institution performs a split of the nominal value of their shares, at five new shares for each existing share and does not affect the amount of share capital of the company. The company will reduce the nominal value of each share from 1.50 euros to 0.30 euros, giving shareholders five new shares for one old.!

The Capital of 119,062,833 euros, will be divided into 396,876,110 shares with nominal value of EUR 0.30 each.!

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With this operation, technical scope, Bankinter volume aims to facilitate the trading of the shares on the market, in line with other listed equity securities, further encouraging the entry of minority shareholders and consequently expanding the shareholder base.!

The 03/04/2013, Bankinter began the process of increase of capital, approved at the last Annual General Meeting, with the delivery to shareholders of preferential subscription rights for the shares held by them. The shareholders of the company may sell these rights or buy additional ones in the secondary market for a period of 15 days, after which he shall be exchanged for new shares of Bankinter.!

This increase of capital capital is done by issuing and circulation of 313,220,000 new ordinary shares to be delivered to the shareholders of the bank at five new shares for every nine existing shares.!

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This operation, which has an amount of 93.97 million euros, is entirely charged to the asset revaluation reserve and, therefore, no payed by the shareholder.!

This is, a stock accumulated, unrealized gains on its balance, Bankinter from 2004, when they updated the value of their properties following the directives of the Bank of Spain.! This issue of bonus shares, which will not be dilutive to existing shareholders and that is complementary to the ordinary dividend payment in cash, allow Bankinter to improve their solvency.!

In fact, after the ampliation of capital, its capital ratio according to EBA rules will increase by 40 basis points to reach 10.6%, which will enable the company to face the future with potential growth.!

Thus, the bank has become one of the most solvent financial institutions in Spain sector,

as was already reflected in the publication of the report of Oliver Wyman last September.

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