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Banco BNI Europa reports 379% increase in banking income

Martin Greenland | 07:27 Wednesday 11th April 2018

Banco BNI Europa has reported a 41% increase in assets to €509m in 2017 (2016: €362m) and attracted equity investors.

The Lisbon-based challenger bank saw a 16% increase in customer deposits to €305m (2016: €262m) and a 379% rise in banking income to €13.2m (2016: €2.8m).

The bank's net income reached €2.3m, which saw its regulatory capital rise to €23.3m with the solvency ratio comfortably above the statutory limit of 13%.

Banco BNI Europa has also attracted interest from several potential equity investors.

The bank's major shareholder – Banco de Negócios Internacional, SA – has entered into an agreement with a foreign investor for the sale of a controlling stake in Banco BNI Europa and subsequent capital increase.

The transaction is awaiting completion, subject to verification and the approval of the regulator.

During 2017, Banco BNI Europa bolstered its digital banking business and launched, what it claimed to be the first fully digital credit platform operating in Portugal.

Banco BNI Europa recently invested £90m through P2P platform MarketInvoice.

Pictured above: Pedro Pinto Coelho, executive chairman at Banco BNI Europa.

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