Results > Rating and Bankinter shares
The Spanish stock market had a very erratic year, marked by the 32% drop in trading volume compared to 2015 and by the volatility associated with various international events, such as the referendum in the United Kingdom to leave the European Union or the victory of Donald Trump in the US presidential elections. Prices improved towards the end of the year and the Ibex-35 was only down by 2%.
One of the best stock market track records in European banking
In this context, Bankinter's shares showed excellent performance. In 2016, its share price increased by 12.5% and reached a maximum of 7.69 euros. For the fourth consecutive year it was the best bank stock in the Spanish large company index with a yield (including dividends) of 16%. The Bank's stock market performance enabled it to end the year with a capitalisation of 6.61 billion euros, which compares very favourably to the international environment. The STOXX Europe 600 Banks index, which reflects the listed price of the 45 most important European financial institutions, ended the year with a 6.8% decline and Bankinter was the third best-performing bank in the eurozone.
The favourable stock market track record is not limited to 2016. Despite the difficulties faced by the sector, investors have provided their ongoing support for Bankinter's management in recent years. Over the last three years, the Bank's share price has increased by 47.6%. During this same period, the Ibex-35 fell by 5.7% and the STOXX Europe 600 Banks index by 12.3%.
At 31 December 2016, Bankinter, S.A.'s share capital was represented by 898,866,154 fully subscribed and paid shares with a par value of 0.30 euros each. All shares are represented by book entries, are listed on the Madrid and Barcelona Stock Exchanges and are traded on the Spanish computerised trading system.
At 2016 year-end, Bankinter's share capital structure was represented by 57,750 shareholders. Residents held 53.92% of the share capital and the remaining 46.08% was in the hands of non-residents. Registered shareholders with more than 5% of the share capital are detailed in the table below. Treasury shares included 17,581 shares.
The most significant figures regarding the Bankinter share in 2016 are detailed in the following tables:
Bankinter continued to pay all its dividends in cash and on a quarterly basis, thanks to the business' solid growth and good standing in terms of solvency, which enabled the Bank to avoid the restrictions imposed in recent years by supervisors regarding the preservation of capital.
Bankinter therefore distributed four cash dividends to its shareholders, a final dividend for 2015 and three interim dividends for 2016, which represented approximately 50% of ordinary profit obtained in the first three quarters. The fourth and final dividend payment out of 2016 profit, which will be approved by the shareholders at the Annual General Meeting in 2017, has yet to be paid. The dividends paid out of 2016 profit as of the date of publication of this report are as follows:
This is a product that enables residents of the United States to invest in foreign companies in US dollars and to receive dividend payments in their own currency. Bankinter has a Level 1 programme managed by Bank of New York-Mellon, which had 152,209 ADRs outstanding at 2016 year-end.
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