The Chamber awards Bankinter Luxembourg with the prize of Company of the Year 2022
Last 3 July the Official Spanish Chamber of Commerce in Belgium and Luxembourg awarded Bankinter Luxembourg with the Company of the Year 2022 Prize. In this eighth edition, the award was given to Bankinter Luxembourg for its leadership and competitiveness within its sector and its contribution to projecting the “Marca España” in Luxembourg. This is the first time that the Chamber has awarded the prize to a Spanish company located in the Grand Duchy.
Through this recognition, the Chamber wanted to acknowledge Bankinter Luxembourg for its great trajectory since it landed in the Grand Duchy ten years ago to complement its private banking strategy. This award also highlights the international presence of Bankinter Luxembourg. It was the first Spanish bank with a banking licence to operate in Luxembourg, the country with the highest credit rating from the three rating agencies and which holds, among other achievements, second place in the world ranking in terms of both the volume of investment funds deposited and the highest GDP per capita ratio.
The award ceremony, which took place at the Cercle Münster, began with the speech of the Spanish Ambassador to the Grand Duchy of Luxembourg, His Excellency José María Rodríguez-Coso, who emphasised the positive evolution of Spanish companies towards internationalisation. The ambassador also praised the Grand Duchy as a first class financial and political centre, as well as the growth of the Spanish presence in Luxembourg in recent years and congratulated Bankinter Luxembourg for the award.
The president of the Chamber, Pablo López-Álvarez, joined the ambassador in congratulating Bankinter Luxembourg as “a source of national pride in this first class banking, financial, political and diplomatic centre that is Luxembourg”. The commitment and interest of Bankinter Luxembourg was also pointed out given that “since its arrival in the Grand Duchy, Bankinter has played a dynamic role in promoting Spanish interests in Luxembourg and has collaborated closely with the Chamber on numerous fronts”. He also congratulated Bankinter for the example of good work and Spanish business leadership it has set during its 60-year history.
The award was presented to María Dolores Dancausa, CEO of Bankinter, by Joseba Arriortua, Vice-President of the Chamber. Dancausa expressed her gratitude for the award, recalling the Bank’s track record and pointing out Bankinter’s good performance in Luxembourg. She highlighted the financial results of recent years and the strong growth in all lines of business. The Bank closed the 2022 financial year with a record result as a result of a greater commercial drive and a capacity to attract business that has led the Bank to grow in all the lines, customer segments and different geographies in which it operates. At the end of 2022 the Bank maintained its leadership among listed banks in terms of profitability and asset quality, and its strengthened solvency remained well above regulatory requirements.
Bankinter is the fifth largest bank in the Spanish financial system in terms of size, as well as fifth in terms of market capitalisation and profits, and is among the top banks in terms of profitability. In addition to its branch in Luxembourg, it has a presence in Portugal and Ireland.