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BKIMF - Bankinter: Beware Of The Higher Risk Personal Loan Portfolio
Bankinter S.A.
Introduction
I rarely write bearish articles here on Seeking Alpha, but upon reading Bankinter’s (OTCPK:BKIMF) (OTCPK:BKNIY) financial results in the first half of the year, the Spanish bank scores pretty low on my list of interesting targets. The financial results in the first half of the year were actually good, but it’s the higher-risk loan portfolio that worries me.
Source: Yahoo Finance
Bankinter’s main listing is on the Madrid Stock Exchange where it's trading withBKT as a ticker symbol. With an average daily volume of in excess of 4.5