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Bankinter SAPaseo de la Castellana. 2928046 MadridT, 913 397 500F, 913 398 323Telex, 42760 BANKI ESwift: BKBK ES MM

bankinter,com

Financial SummarySeptiember 2014

3Q2014

1. Economic and financial environment

2. Financial highlights 3. Results 4. Balance sheet 5. Customer funds and lending

2 3 4 6 7

8 8 9 10 116. Quality of assets 7. Doubtful debts

movement8. Consolidated

income statements9. Quarterly

statements of income

10. Fees

12 13 14 14 1511. Yields and costs 12. Quarterly yields

and costs13. Contribution by

business area14. Shareholders

equity and rating15. Variation in net

worth

16 17 18 2016. Creation of

shareholder value17. People 18. Quarterly events 19. Corporate

responsibility

Index

2

The third quarter of 2014 was characterised by increasingly stable growth. The US gained traction, while Europe slowed, except for Spain and Ireland, and Japan felt the effects of the first of the scheduled hikes in consumer tax. The emerging markets continue to be the weakest link in the recovery chain.

Spain continued on the path of reactivation, as reflected in the main economic indicators. Such is the case of the PMIs and the consumer confidence and industrial output indicators. Spain ended the second quarter with a GDP growth of 1.2%. This figure confirmed the trend seen in the previous quarter, with domestic demand picking up while exports lagged. What’s more, we also saw an increase in investment in construction, after ten consecutive quarters of decline. In spite of the improvement that is under way in some indicators of the economy, it still faces significant challenges, such as the mountain of public and private debt and the high level of unemployment.

The Eurozone is showing symptoms of stagnation. Economic growth and confidence indicators show signs of weakness. The economy seems to be weighed down by failure to implement structural reforms (namely in France and Italy) in areas such as the labour market, taxation, the public sector, energy and finance, and also by the adverse geopolitical environment (Russia/Ukraine). Germany too is slowing down (GDP was down 0.2% in the second quarter) due to the crisis with Russia and the weight of the export sector in its economy. In spite of this, Europe has the support of the ECB and the advantage of favourable financing conditions and historically low interest rates. In short, a set of measures implemented by the central bank aimed at speeding up the revival of the economy in general and of credit in particular.

The US for its part remained at the head of world economic recovery and presented a solid macroeconomic picture. Consumer spending and investment moved ahead at encouraging rates, as did advance indicators of business activity and consumer confidence. Furthermore, we are seeing some improvement in the labour market, and this is a significant spur to consumer spending and real estate investment. The improvement in the US economy is what has led to the Federal Reserve’s practically ending its monetary expansion programme (QE3), which is expected to be officially closed before year-end.

In Japan, the economy has suffered a slowdown (GDP down 1.7% in the second quarter, down 6.8% annualised, the biggest fall since the first quarter of 2011). This slowdown was largely the result of the increase in the consumption tax last April, from 5% to 8%. The negative impact is reflected in some indicators such as the CPI, the Tankan indicator and household consumption. What is more, exports also fared poorly, falling by 1.3% in August, and were therefore unable to offset flagging consumer expenditure. The Bank of Japan continues to provide significant support to the economy, applying an ultra-expansive monetary policy aimed at weakening the yen and bringing about price increases.

The emerging markets bring up the rear in the worldwide economic recovery. Most of these economies show signs of slowing growth and serious macroeconomic imbalances. The IMF has even gone so far as to call attention to the weak growth of some of these countries, specifically mentioning Brazil and Russia. Most of them also present low growth rates for emerging economies, large current account deficits (with the exception of China and Russia) and high levels of inflation.

In short, the world economic recovery continues its process of consolidation, but some signals are still confused, the threat of a downturn is not negligible and divergences among different geographical regions are wide.

1. Economic and financial environment

3

en miles de euros

*Data at Dec. 2013, calculated according to rule UE 575/2013 (CRR) in effect since 01/01/2014.

Variation

BalancE ShEEt 30/09/2014 30/09/2013 amount %

Total assets 56,313,414 57,752,496 -1,439,083 -2.49

Credit facilities and loans 41,675,462 41,206,980 468,481 1.14

Controlled resources 56,333,108 48,110,909 8,222,199 17.09

On-balance sheet 40,411,641 37,106,090 3,305,551 8.91

Retail resources excl, repos 30,298,473 26,476,844 3,821,629 14.43

Negotiable securities. wholesalers 9,303,146 9,076,508 226,638 2.50

Off-balance-sheet managed funds 15,921,467 11,004,819 4,916,648 44.68

Equity 3,647,992 3,375,797 272,195 8.06

EarnIngS

Net interest income 544,814 461,925 82,889 17.94

Gross operating Income 1,072,708 993,418 79,290 7.98

Profit (loss) before impairment 532,167 492,618 39,549 8.03

Income before taxes 292,975 211,089 81,886 38.79

Net income attributed to the Group 205,082 155,805 49,277 31.63

ratIOS (%)

Nonperfor, loans 4.96 4.99 -0.03 -0.60

Recorded allowance/nonperforming loans 42.01 42.51 -0.49 -1.15

Cost to income 45.05 44.78 0.27 0.61

ROE 8.28 6.49 1.79 27.58

ROA 0.49 0.36 0.13 35.55

CET 1 12.27 12.04* 0.23 1.91

BankIntEr SharES

Number of shares 898,866,154 877,175,614 21,690,540 2.47

Closing price (€) 6.72 3.98 2.74 68.87

EPS (€) 0.23 0.21 0.02 9.52

DPS (€) 0.05 0.06 -0.01 -16.67

BranchES and cEntErS

Number of branches 360 359 1 0.28

Sales offices

Corporate 49 46 3 6.52

SME 79 76 3 3.95

Private Banking 39 38 1 2.63

Corporate Partnerships 386 370 16 4.32

Number of agents 485 464 21 4.53

Telephone banking and Internet 3 3 0 0.00

hEadcOunt

Number of employees 4,186 4,079 107 2.62

LDA employees 1,919 1,898 21 1.11

2. Financial highlights

The Bankinter Group posted year-to-date net profit of €205.1 million for the first three quarters of 2014, and pre-tax profit of €293 million, representing growth of 31.6% and 38.8% respectively relative to the same period of last year.

These solid results have been largely built on the revenue growth of activities with customers, which have offset the declining role of financial operations. The result is improvements to all account margins, maintaining the trend of previous quarters.

At the same time, the bank retains its asset quality at the highest level of the sector and shows enhanced solvency.

In terms of asset quality, Bankinter keeps its NPLs under 4.96%, three basis points lower than last year and well below the sector average. Meanwhile, the sum of net additions to NPLs and bad debts continues to decline, with a consequent reduced need for further provisioning.

As regards solvency, Bankinter has reached the end of the third quarter with a capital ratio of 12.3% according to Basel III criteria.

At the same time, wholesale funding requirements and reliance on the ECB are significantly lower.

The improvement in the Bank’s funding structure is evidenced by a ratio of deposits to loans which stands at 80.3%, whereas one year ago it was at 71.8%. It can also be seen in the liquidity gap, which has been reduced by €2.6 billion since the end of 2013.

To this we must add the comfortable debt maturity structure: €3.8 billion until 2016, to meet which the Bank has liquid assets of €8.9 billion and the capacity to issue mortgage-backed bonds for up to €4.0 billion.

As for the reliance on the European Central Bank, this has been reduced to €2.7 billion, whereas one year ago funds taken from the ECB funds reached €7.0 billion.

Customer business is the main generator of results for the Group. As a starting point, it is worth pointing out that the Bank has been gaining new customers during the first nine months of the year at a noticeably growing rate: 35% greater than the number of clients won during the same period of 2013 and 24% more in the case of companies.

As a result of this growth in the volume of customers and of greater customer activity, the Bank continues to increase its market share in those businesses on which it is strategically focused as regards both attracting resources and lending.

Thus for example, lending to companies reached€18.3 billion at the end of the quarter, 6.9% more than one year before. Likewise, the mortgage marketing campaign has been on the rise ever since it was launched. In the third quarter of 2014, new mortgages came to €339 million, which compares favourably with the €115 million in the third quarter of 2013. These figures mean that the Bank’s market share of new mortgages according to the INE’s data as at July this year is 6.9%, compared with 2.7% in 2013.

As for the Private Banking business, one of the Bank’s strategic pillars, the growth rate has accelerated, making Bankinter one of the most active operators in the market in recent times. Customer assets in this segment stand at €22.3 billion as at 30 September, 32.2% more than one year ago. Bankinter also maintains its privileged leadership in the SICAV ranking, managing 366 companies at the end of the third quarter, i.e. an 11.5% market share, which jumps to 31% if only new sign-ups are taken into account. This means that practically one in every three new SICAVs established so far this year is Bankinter’s.

Throughout the year the positive development of the customer equities business has been notable. Thus there are 45% more stock market customers today than at 30 September 2013 and 27.4% more trades were made during the first three quarters of the year than in the same period of 2013. Consequently, net commissions from this business have increased by 39.3% relative to the previous year.

As regards Línea Directa, the number of insurance policies and the market share continue to increase. At the end of the third quarter, the total number of policies stood at 2.19 million, 6.3% more than at 30 September 2013. Among these, the growth experienced in the home policy segment has been particularly marked: 20.4% more than in the same period of 2013. Línea

4

3. results

Directa’s individual pre-tax profit for the nine months to the end of September amounted to €100.4m, 4.8% more than in the same period of 2013, with an individual ROE of 21.1%.

Margins and results

The positive results presented by the Bankinter group for the first three quarters of 2014 are based on improvement in all account margins.

Bankinter’s interest margin continues to grow as earlier in the year, reaching €544.8 million for the nine months ended 30 September 2014, up by 17.9% on the same period of last year. This steady growth is based on improved customer margins, with the reduction in the cost of customer funds offsetting the fall in EURIBOR.

The gross margin came to €1,072.7 million, up by 8% on last year, largely due to the satisfactory growth in fee income, which grew by 21.8% thanks to increased customer business. This good result offset the lower contribution from institutional financial transactions, revenues from which fell by 28.5% compared with the nine months to 30 September 2013.

With regard to earnings before provisions, the third quarter closed with €532.2 million, 8% up, after absorbing an increase in expenses which reflects increased investments made to support growth opportunities.

Bankinter’s net profit for the nine months to 30 September 2014 was €205.1 million, on pre-tax profit of €293 million, representing respective increases of 31.6% and 38.8% on the same period of last year. At the same time, the bank ended September with an ROE of 8.3%; in other words, an improvement of 27.6% over the same period in 2013.

As regards Bankinter’s balance sheet, controlled resources have increased so far this year, reaching €56,333.1 million as at the end of September, representing growth of 17.1% relative to the figure one year ago. Within these resources, retail funds (sight accounts, deposits and promissory notes) grew by 14.4%, but again the increase in off-balance sheet resources is especially significant (44.7% more) and especially investment funds managed and marketed by Bankinter Asset Management, which exceed €10 billion, an increase of 41% over last year’s figure.

As far as lending to customers is concerned, as at 30 September it amounted to €41,675.5 million, 1.1% more than a year ago, maintaining the encouraging, albeit moderate, growth trend seen in recent quarters. This growth is based above on Companies business, the lending portfolio of which is 6.9% higher than a year ago, reaching a total of €18.3 billion.

In parallel with this, Bankinter continues to show the best asset quality in the sector, with net additions to NPLs and bad debts declining significantly, in line with previous quarters. Thus, dubious debts ended September 2014 at €2,311.7 million, or 4.96% of the Bank’s computable risk, the same ratio as in the previous quarter and three basis points lower than one year ago.

In the same vein, this quarter Bankinter has further reduced its portfolio of foreclosed assets, the gross value of which is €593.5 million, 7.8% less than one year ago. This portfolio has a coverage of 40.4%, up by 7.6% on last year.

It is a very small portfolio compared with those of other institutions, and 42% of it is concentrated in residential properties. It is also particularly noteworthy that, for yet another quarter, the pace of sales of these assets is well above their rate of entry, which demonstrates both the quality of the portfolio and Bankinter’s management capacity for marketing them. Thus, the sale of assets to September 2014 was up by 31% compared with the same period of the previous year.

Lastly, the capital surplus, €1,374.4 million at the end of the third quarter of 2014, is 8.7% more than it was at the end of 2013.

5

Var. 09/14-12/13

30/09/2013

Var. 09/14-09/13

30/09/2014 31/12/2013 thousand € % thousand € %

aSSEtS

Cash on hand and on deposits at central banks 313,215 886,118 -572,903 -64.65 345,343 -32,128 -9.30

Trading portfolio 5,291,349 4,346,573 944,776 21.74 3,677,131 1,614,217 43.90

Other financial assets at fair valuewith changes to P&L account 23,160 18,158 5,002 27.55 50,675 -27,515 -54.30

Available for sale portfolio 2,755,873 2,483,171 272,702 10.98 6,748,339 -3,992,466 -59.16

Loans 43,464,106 42,607,050 857,056 2.01 42,581,991 882,115 2.07

Due from banks 1,340,670 1,182,216 158,455 13.40 1,245,163 95,508 7.67

Counterparty bodies 0 110,559 -110,559 -100.00 59,592 -59,592 -100.00

Customer loans 41,675,462 41,196,451 479,011 1.16 41,206,980 468,481 1.14

Debt instruments 447,975 117,825 330,150 280.20 70,257 377,718 537.63

Investment portfolio held to maturity 2,860,696 3,220,721 -360,025 -11.18 2,762,388 98,308 3.56

Hedge derivatives and macro-derivatives 136,110 84,481 51,629 61.11 78,713 57,397 72.92

Other assets available for sale 353,955 369,210 -15,254 -4.13 402,027 -48,072 -11.96

Associates 32,709 36,362 -3,653 -10.05 38,874 -6,165 -15.86

Reinsurance assets 4,362 4,571 -209 -4.58 6,275 -1,913 -30.49

Property, plant and equipment 468,436 434,931 33,505 7.70 437,278 31,158 7.13

Intangible assets 284,022 300,703 -16,681 -5.55 304,600 -20,578 -6.76

Fiscal assets and others 325,421 343,613 -18,192 -5.29 318,861 6,559 2.06

tOtal aSSEtS 56,313,414 55,135,662 1,177,752 2.14 57,752,496 -1,439,083 -2.49

lIaBIlItIES

Trading portfolio 2,084,150 1,751,721 332,429 18.98 2,441,245 -357,095 -14.63

Financial liabilities at amortized costs 49,449,468 48,912,731 536,737 1.10 50,847,133 -1,397,666 -2.75

Hedge derivatives and macro-derivatives 4,855 25,608 -20,753 -81.04 26,192 -21,336 -81.46

Insurance liabilities 612,890 607,794 5,096 0.84 611,370 1,520 0.25

Write-offs and provisions 79,160 53,753 25,406 47.26 59,411 19,749 33.24

Tax liabilities and others 434,899 380,511 54,388 14.29 391,349 43,550 11.13

tOtal lIaBIlItIES 52,665,422 51,732,118 933,304 1.80 54,376,699 -1,711,278 -3.15

Valuation adjustments 129,858 43,172 86,686 200.79 55,972 73,887 132.01

Equity 3,518,134 3,360,371 157,762 4.69 3,319,825 198,308 5.97

tOtal EQuIty 3,647,992 3,403,544 244,449 7.18 3,375,797 272,195 8.06

tOtal EQuIty and lIaBIlItIES 56,313,414 55,135,662 1,177,752 2.14 57,752,496 -1,439,083 -2.49

6

4. Balance sheetthousands euros

7

Variation

30/09/2014 30/09/2013 amount %

retail funds 30,298,473 26,476,844 3,821,629 14.43

Government deposits 606,015 379,016 226,999 59.89

Private Sector Deposits 27,575,716 24,530,890 3,044,827 12.41

Current accounts 16,113,861 13,012,609 3,101,252 23.83

Term deposits 11,364,843 11,375,767 -10,925 -0.10

Valuation adjustments 97,013 142,514 -45,501 -31.93

Other sight liabilities 357,386 335,476 21,910 6.53

Online marketable securities 1,759,356 1,231,461 527,894 42.87

temporary assignment of assets 810,022 1,552,739 -742,717 -47.83

Wholesale marketable securities 9,303,146 9,076,508 226,638 2.50

Promissory notes and bills of exchange 650,420 729,886 -79,466 -10.89

Securitised notes 2,345,484 2,662,682 -317,198 -11.91

Mortgage-backed bonds 5,481,414 5,393,335 88,079 1.63

Senior notes 676,986 179,949 497,036 276.21

Valuation adjustments 148,843 110,656 38,186 34.51

total 40,411,641 37,106,090 3,305,551 8.91

Off-balance sheet resources 15,921,467 11,004,819 4,916,648 44.68

Own investment funds 7,162,663 5,624,942 1,537,721 27.34

External investment funds sold 3,344,364 1,805,517 1,538,847 85.23

Pension funds 1,831,868 1,538,524 293,344 19.07

Management of SICAVs (open-ended collective investment companies) 3,582,572 2,035,835 1,546,736 75.98

loans to government bodies 1,761,653 1,859,723 -98,070 -5.27

Other sectors 39,913,808 39,347,257 566,551 1.44

Commercial lending 1,912,750 1,855,229 57,521 3.10

Receivables secured by collateral 25,280,655 25,693,345 -412,690 -1.61

Other non-current receivables 9,272,850 8,741,477 531,373 6.08

Personal loans 5,070,158 4,377,745 692,413 15.82

Overdraft facilities 3,835,771 4,069,571 -233,800 -5.75

Other non-current receivables 366,922 294,161 72,761 24.73

Finance leases 952,598 779,435 173,163 22.22

Doubtful debts 2,272,215 2,247,423 24,792 1.10

Valuation adjustments -968,023 -975,919 7,896 -0.81

Other lending 1,190,763 1,006,266 184,496 18.33

total customer lending 41,675,462 41,206,980 468,481 1.14

risk off the balance sheet 10,822,376 9,152,005 1,670,371 18.25

Contingent risks 2,675,986 2,439,315 236,671 9.70

Available to third parties 8,146,390 6,712,690 1,433,700 21.36

5. customer fundsand lending

thousands euros

Bankinter NPLs compared with whole sector (in %)

8

86 88 90 92 94 96 98 00 02 04 06 08 10 12 13 3Q

13.25%

Variation

30/09/2014 30/09/2013 amount %

Computable risk 46,583,348 45,711,729 871,618 1.91

Doubtful risk (including contingent risks) 2,311,666 2,282,712 28,954 1.27

Required provisions 971,195 970,280 916 0.09

NPL ratio (%) 4.96 4.99 -0.03 -0.60

Coverage rate (%) 42.01 42.51 -0.49 -1.15

repossessed assets 593,495 643,524 -50,030 -7.77

Provision for foreclosed assets 239,539 241,497 -1,958 -0.81

Foreclosed assets coverage(%) 40.36 37.53 2.83 7.55

Variation

doubtful debts movement (including contingent risks) 30/09/2014 30/09/2013 amount %

Initial balance 2,275,370 1,984,028 291,342 14.68

Net entries 126,237 476,741 -350,505 -73.52

Write downs 89,940 178,057 -88,117 -49.49

Final balance 2,311,666 2,282,712 28,954 1.27

l Bankinter

l Sector

*Source Sector BdE August 14

4.96%

6. Quality of assets

7. doubtful debts movement

thousands euros

thousands euros

9

30/09/2014 30/09/2013 Variation

amount amount amount %

Interest and related income 1,050,085 1,113,703 -63,617 -5.71

Interest and related charges -505,271 -651,778 146,507 -22.48

net interest income 544,814 461,925 82,889 17.94

Divident income 6,607 7,944 -1,337 -16.83

Equity method 12,362 11,013 1,349 12.25

Net fees and commissions 216,565 177,765 38,800 21.83

Trading income 110,612 154,710 -44,098 -28.50

Other operating income/expense 181,748 180,062 1,686 0.94

gross operating income 1,072,708 993,418 79,290 7.98

Personnel expenses -278,458 -259,639 -18,818 7.25

General expenses / Amortization -262,083 -241,161 -20,922 8.68

Operating profit (loss) before impairment 532,167 492,618 39,549 8.03

Additions to provisions -28,145 -7,877 -20,269 257.32

Asset losses -173,814 -233,498 59,684 -25.56

Operating profit (loss) net of impairment 330,208 251,243 78,965 31.43

Gain / losses on disposals of assets -37,233 -40,154 2,921 -7.27

Profit before taxes 292,975 211,089 81,886 38.79

Tax on income -87,892 -55,284 -32,608 58.98

net income 205,082 155,805 49,277 31.63

8. consolidated income statements

thousands euros

2014 Variation % 2014 2013

3Q14 3Q14/3Q13 3Q14/2Q14 2Q14 1Q14 4Q13 3Q13

Interest and related income 353,646 -4.45 0.29 352,640 343,799 362,527 370,103

Interest and related charges -162,479 -17.37 -3.33 -168,079 -174,713 -188,548 -196,626

net interest income 191,167 10.20 3.58 184,561 169,086 173,979 173,477

Divident income 1,599 -17.96 -10.73 1,791 3,217 1,002 1,949

Equity method 4,763 17.73 25.65 3,791 3,808 4,532 4,046

Net fees and commissions 72,437 17.83 -1.20 73,317 70,811 71,255 61,477

Trading income 24,872 -31.03 -31.94 36,544 49,196 74,045 36,060

Other operating income/expenses 55,974 -5.08 -8.16 60,948 64,826 57,229 58,973

gross operating income 350,812 4.41 -2.81 360,952 360,944 382,042 335,981

Personnel expenses -93,243 9.08 2.53 -90,941 -94,274 -97,193 -85,484

General expenses / Amortization -86,826 8.31 -0.17 -86,971 -88,287 -81,852 -80,166

Operating profit (loss) before impairment

170,743 0.24 -6.72 183,040 178,384 202,997 170,331

Additions to provisions -6,684 35.30 -33.29 -10,020 -11,441 -6,382 -4,940

Asset losses -50,799 -37.99 -7.39 -54,852 -68,162 -56,470 -81,925

Operating profit (loss) net of impairment

113,260 35.70 -4.15 118,168 98,781 140,145 83,465

Gain / losses on disposals of assets -12,305 6.84 3.72 -11,864 -13,064 -53,667 -11,517

Profit before taxes 100,955 40.32 -5.03 106,303 85,717 86,477 71,948

Tax on profit -30,287 64.25 -5.03 -31,891 -25,715 -26,858 -18,440

net income 70,668 32.07 -5.03 74,412 60,002 59,619 53,509

Gross margin and cost to income (%) Operating income before provisions (million €)

10

3Q13 4Q13 1Q14 2Q14 3Q14 3Q13 4Q13 1Q14 2Q14 3Q14

210

160

110

60

10

336

382

361 361

351

l Gross margin

l Cost to income

44.8 44.045.2 44.7 45.1

9. Quarterly statements of income

thousands euros

11

Variation

30/09/2014 30/09/2013 amount %

FEES PaId 53,002 47,845 5,157 10.78

FEES rEcEIVEd

Guarantee and L/C 22,025 22,018 7 0.03

Foreign exchange 6,355 5,701 654 11.46

Due to contingent commitment 12,443 11,573 870 7.52

Payment and collection services 53,165 52,107 1,058 2.03

Brokerage services 50,881 35,066 15,815 45.10

Underwritting and management fees 2,412 1,117 1,295 115.92

Buy/sell orders 23,077 15,829 7,248 45.79

Custody and administration 17,914 14,222 3,692 25.96

Wealth management 7,478 3,898 3,580 91.84

Non-banking financial products 92,702 71,730 20,972 29.24

Asset Management 59,975 40,510 19,465 48.05

Insurance and Equity 32,727 31,220 1,507 4.83

Other commissions 31,996 27,415 4,581 16.71

total fees received 269,567 225,610 43,957 19.48

FEES and cOMMISSIOnS nEt 216,565 177,765 38,800 21.83

10. Feesthousands euros

30/09/2014 30/09/2013

Weighting rate Weighting rate

Cash on hand and on deposit at central banks 0.78 0.12 0.66 0.41

Due from banks 6.05 0.21 3.45 0.46

Credit facilities and loans (a) 72.34 2.68 70.19 2.72

Debt securities 14.24 3.59 20.17 3.17

Equity portfolio 0.61 2.59 0.57 3.25

average earnings assets (b) 94.02 2.67 95.04 2.74

Other assets 5.98 4.96

aVEragE tOtal aSSEtS 100.00 2.51 100.00 2.60

Due to central banks 5.24 0.21 13.25 0.63

Due to banks 12.12 1.91 12.83 1.77

Customer funds (c) 68.87 1.30 62.65 1.81

Customer deposits 50.91 1.08 43.89 1.73

Marketable debt securities 17.96 1.89 18.76 2.00

Subordinated liabilities 1.11 4.91 1.28 4.50

average interest bearing funds (d) 87.33 1.38 90.02 1.67

Other liabilities 12.67 9.98

aVEragE tOtal FundS 100.00 1.20 100.00 1.51

Customer spread (a-c) 1.38 0.91

net interest margin (b-d) 1.30 1.07

12

11. yields and costsin %

3

2

1

0

13

3Q14 2Q14 1Q14 4Q13 3Q13

Weighting rate Weighting rate Weighting rate Weighting rate Weighting rate

Cash on hand and on deposit at central bank

0.70 0.08 0.80 0.14 0.84 0.15 0.77 0.22 0.71 0.29

Due from banks 7.90 0.13 5.22 0.27 4.97 0.28 4.46 0.49 3.49 0.52

Credit facilities and loans (a) 71.28 2.65 72.60 2.70 73.17 2.68 72.29 2.66 70.10 2.65

Debt securities 13.78 3.70 14.72 3.47 14.24 3.61 16.91 3.46 20.18 3.16

Equity portfolio 0.59 1.88 0.62 2.07 0.61 3.86 0.57 1.24 0.58 2.33

average earnings assets (b) 94.25 2.60 93.96 2.70 93.84 2.71 95.01 2.71 95.05 2.69

Other assets 5.75 6.04 6.16 4.99 4.95

aVEragE tOtal aSSEtS 100.00 2.45 100.00 2.54 100.00 2.55 100.00 2.57 100.00 2.56

Due to central banks 4.77 0.13 5.35 0.23 5.62 0.25 9.61 0.40 12.27 0.50

Due to banks 11.76 1.92 12.34 1.90 12.26 1.91 11.97 1.89 14.01 1.61

Customer funds (c) 69.83 1.18 68.35 1.30 68.40 1.42 66.16 1.51 62.26 1.61

Customer deposits 51.49 0.94 50.58 1.09 50.65 1.24 49.33 1.38 44.63 1.50

Marketable debt securities

18.34 1.85 17.77 1.89 17.75 1.94 16.83 1.91 17.62 1.89

Subordinated liabilities 1.09 4.91 1.11 4.87 1.12 4.94 1.12 5.02 1.21 4.75

average interest bearing funds (d) 87.45 1.28 87.15 1.38 87.40 1.47 88.86 1.50 89.75 1.50

Other liabilities 12.55 12.85 12.60 11.14 10.25

aVEragE tOtal FundS 100.00 1.12 100.00 1.20 100.00 1.28 100.00 1.33 100.00 1.35

Customer spread (a-c) 1.47 1.41 1.26 1.15 1.04

net interest margin (b-d) 1.32 1.32 1.25 1.21 1.19

Quarterly ata (thousand €) 57,433,280 56,066,028 55,254,371 56,117,481 57,768,717

Customer margin for the quarter / return on customerlending and cost of customer resources (%)

3Q13 4Q13 1Q14 2Q14 3Q14

l Cost of customer resources

l Customer margin for the quarter

l Return on customer lending

1.041.15

1.26

1.41 1.47

12. Quarterly yields and costs

in %

Variation

30/09/2014 30/09/2013* amount %

Customer segments 628,897 480,845 148,052 30.79

Commercial and Private Banking 242,051 162,721 79,330 48.75

Corporate Banking 386,846 318,124 68,722 21.60

Capital market 235,670 299,612 -63,942 -21.34

Línea Directa 254,812 241,104 13,708 5.69

Corporate Centre -46,671 -28,143 -18,528 65.83

gross Margin 1,072,708 993,418 79,290 7.98

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Variation

30/09/2014 31/12/2013 amount %

Capital and Reserves 3,420,689 3,300,372 120,317 3.65

Treasury stock -1,459 -511 -947 185.22

Intangible and other assets -23,957 -215,586 191,629 -88.89

cEt1 instruments 3,395,273 3,084,274 310,999 10.08

cEt1 deductions -104,932 -86,632 -18,300 21.12

at1 instruments 47,590 61,284 -13,694 -22.35

at1 deductions -294,534 -194,431 -100,102 51.48

Subordinated financing 429,165 443,524 -14,359 -3.24

Other items 11,897 12,169 -271 -2.23

tIEr II instruments 441,062 455,693 -14,631 -3.21

tIEr II deductions -125,195 -152,096 26,901 -17.69

total Equity 3,359,264 3,168,091 191,172 6.03

risk-weighted assets 24,810,702 23,798,935 1,011,767 4.25

cEt 1 (%) 12.27 12.04 0.23 1.91

tier 1 (%) 12.27 12.04 0.23 1.91

tier 2 (%) 1.27 1.28 0.00 -0.20

Solvency ratio (%) 13.54 13.31 0.23 1.71

Surplus capital 1,374,407 1,264,176 110,231 8.72

Short term long term Outlook date

Moody’s P-3 Baa3 Negative May 2014

Standard & Poor’s B BB+ Positive June 2014

DBRS R-1 (low) A (low) Negative November 2012

*Turnover from the previous fiscal year adapted to analytical criteria in force for the current fiscal year.

13. contribution by business area

14. Shareholders equity and rating

thousands euros

thousands euros

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Balance at January 1, 2013 3,231,096

Dividends -67,977

Valuation adjustments 40,120

Income for the year 215,424

Other variations -15,120

Balance at december 31, 2013 3,403,544

Balance at January 1, 2014 3,403,544

Dividends -45,611

Valuation adjustments 86,686

Income for the year 205,082

Other variations -1,709

Balance at September 30, 2014 3,647,992

13. contribution by business area

15. Variationin net worth

thousands euros

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Period per share data (€)

Earnings per share 0.23

Dividend per share 0.05

Book value per share 4.06

Price at beginning of year 4.99

Low 5.43

High 7.09

Closing price 6.72

Appreciation in last quarter (%) 17.52

Appreciation in last 12 months (%) 68.87

Stock market ratios

Price/Book value (times) 1.65

PER (price/earnings, times) 22.01

Dividend yield (%) 1.37

Number of shareholders 66,084

Number of shares 898,866,154

Number of shares held by nonresidents 370,479,007

Average daily trading (number of shares) 5,477,003

Average daily trading (thousands of euros) 34,530

Market capitalisation (thousand of euros) 6,036,785

Share price. Relative variation (%) (Sep.. 13 base 100)

Sep. 13 Sep. 14

l Ibex 35

l Bankinter

l Eurostoxx Banca (SX7P)

Note: Share prices prior to the bonus issue have been adjusted so as to be comparable with the Ibex 35 and Euro Stoxx Banks.

16. creation of shareholder value

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30/09/2014 30/09/2013 Variation %

Number of employees (*) 4,186 4,079 107.00 2.62

Average length of service of employees (in years) 13.18 13.00 0.18 1.38

Average age (in years) 40.79 40.00 0.79 1.98

Employee distribution by gender (%)

Men 49.47 49.11 0.36 0.73

Women 50.53 50.89 -0.36 -0.71

Workforce that has logged in from a remote system (%) 32.34 26.53 5.81 21.90

Internal job rotation (%) 18.88 22.62 -3.74 -16.51

External turnover (%) 3.76 3.88 -0.12 -3.06

(*)Data on mobile Resource Turnover in last 12 months.

Products by customerUsing channels

6.0

5.5

5.0

4.5

4.0

3.5

3.0

3Q13 4Q13 1Q14 2Q14 3Q14

l 1 channel, 41%

l 2 channels, 39%

l 3 channels, 18%

Transactions by channel

l Telephone Banking, 4%

l Cellular phones, 11%

l Internet, 48%

l Branchs, 34%

l Cards, 3%

5.3 5.2

17. People

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18. Quarterly eventsBoard appointments at Bankinter and Bankinter gestión de activos

- In July the Board of Directors of Bankinter, at the proposal of the Nomination and Remuneration Committee, appointed María Teresa Pulido Mendoza as a new independent director if the Bank.

Bankinter’s Board consists of ten members, of whom five are independent outside directors, two are executive directors and two are proprietary outside directors, plus one other outside director.

With a degree in economics from Columbia University and an MBA from the MIT Sloan School of Management, María Teresa Pulido has more than twenty years’ professional experience in both strategic consulting (McKinsey & Co) and private and corporate banking (Citi and Deutsche Bank). In these companies she worked mainly on projects involving business development, strategy, organisation and change management. Since 2011 she has been Director of Corporate Strategy at Ferrovial.

The appointment of María Teresa Pulido will bring a positive contribution to the Bank, given her knowledge

and international experience in areas such as private banking, business banking and investment banking.

- Also in July, Bankinter Gestión de Activos strengthened its Board with the appointment of José Manuel García de Sola as non-executive chairman. García de Sola has broad experience in the financial sector and a career that has focused on private banking and asset management, which will notably increase the visibility of the asset management company, its professionalism and its orientation towards the client.

García de Sola will also take on the role of chairman of the Control Committee, the main function of which is to supervise the risk policy of the asset management company and to ensure compliance with all regulations affecting asset management companies.

commercial launch of Pay by Mobile

Bankinter has commercially launched its system of payment by mobile phone, the first in Spain. The Bank expects more than 30,000 customers to be using the Mobile Virtual Card solution by the end of the year. This is an innovative system enabling users to make payments by mobile phone in shops, restaurants and filling stations and even to shop online.

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Bankinter has been working for the past two years together with Seglan and Visa Europe to develop this solution, which uses host card emulation (HCE) technology, as used by Google in its Android operating system, and enables financial institutions to make totally secure mobile payments without the need to reach new agreements with telecommunications operators.

The defining feature of Bankinter’s Mobile Virtual Card system is its simplicity. Customers need only download an application from an Apps store to their smartphone and register on the Bank’s website in order to virtualise a Visa card on their mobile. Within a few minutes, the mobile is enabled as a means of payment. Then, each time the customer makes a payment or a refund at a contactless point of sale terminal (POS) in a physical store or online, the application generates a virtual card, which disappears when the transaction ends. The application, unlike other solutions available on the market, has the advantage of allowing payments even if there is no mobile coverage. This ensures being able to pay abroad or at establishments or shopping centres where there is no full coverage.

Also, this solution, being based on EMV standards, does not require for its deployment any modification to the existing infrastructure (point-of-sale terminals) for contactless payments at merchants’ outlets. At present, 40% of existing POS in Spain are compatible, a percentage that rises to 65%

in major cities such as Madrid and Barcelona. Furthermore, it allows the Bank to define, in a fully autonomous manner, its own business model and brand image in mobile means of payment, without requiring third party intervention.

the Bankinter Blog, one of the five best in Europe.

On 19 September, Bankinter was present in Berlin at the Digital Communication Awards, which in its final phase brought together the most outstanding work in Europe in the field of digital communication.

Only a small group of projects were in this final phase, having been previously selected from among more than 600 entries.

The jury of 34 internationally recognised professionals from the world of communications and social networks assessed the creativity, innovation and quality of the blog content, together with its growth over the last year. With 100,000 monthly visits, the Bankinter Blog has become an invaluable source of reference for anyone interested in the economy and finance, providing the public with numerous reports and articles on stock markets, companies and the economy in general. This allows Bankinter to provide investors and savers with the best economic information possible, helping them to make their financial decisions.

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19. corporate responsibility

Bankinter presents its “adaptative” project at the hospital for Paraplegics in toledo.

The presentation of this project, which is the result of a long-standing collaboration agreement between Bankinter and the National Hospital for Paraplegics, took place at the end of September in a ceremony attended by Pedro Guerrero, Chairman of Bankinter, the President of Castile-La Mancha, María Dolores de Cospedal and the Counsellor for Health and Social Affairs of the Regional Government of Castile-La Mancha, José Ignacio Echániz.

Through its “Adaptative” project, Bankinter provides patients of the hospital with the most advanced technological rehabilitation and online training equipment for persons with disabilities. Notable examples include the eye tracking system (replacing the standard mouse), a latest-generation digital blackboard, high-end tablets adapted to the eye tracking system, and a high definition conference system.

The project has four different areas: the training room, (a place designed for patients to be able to take regulated training classes from primary school to university, thanks to a combination of technology and itinerant teachers); the rehabilitation room, where technological adaptation starts, guided individually for each patient; the library, where a video-conference system has been installed; and the Bankinter Cyber Classroom, which has 22 workstations that can be used either for group training activities or individually.

The equipment installed in the various facilities of the Hospital are the result of research work carried out by Bankinter’s technological subsidiary, Gneis Global Services, which analysed the main needs of patients at this centre as regards interacting normally with the digital world. In this way we facilitate their rehabilitation and extend their opportunities for training and leisure.

Bankinter SAPaseo de la Castellana. 2928046 MadridT, 913 397 500

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