Renta 4 Banco has obtained a net profit attributed to the group during exercise 2024 of 32.1 million euros, it represents a growth of 23 % compared to 26.1 million euros in the same previous year. The net benefit of the fourth quarter has promoted 8.9 million euros, compared to 6.9 million euros in 2023, which represents 29.6% more.
The capital ratio «CET1 Fully Loaded» is 17.06% which represents a high margin on the level of regulatory requirement and one of the highest levels of the sector. The return on capital (ROE) amounts to 21.66%, profitability on the capital invested, which exceeds the average of the sector.
The result of the exercise has been very satisfactory, With increasing income in all areas and with a good level of commercial activity In all business lines that has allowed all relevant variables to have significant growth.
The net assets of new clients of the own network in 2024 has been 1,793 million euros, and The number of customers has reached the figure of 135,530, data that reflect a growing attraction capacity by the bank.
Total customer assets added to the end of the year 35,944 million euros, 16.5% more than a year ago, of which 22,074 million euros are from the own network and 13,870 million euros of the third party network.
Net commissions (satisfied gross-commissions) more differences in change, have promoted 18.2% reaching the figure of 114.1 million euros, compared to 96.5 million euros obtained for 2023.
The Latin American subsidiaries continue to maintain a satisfactory commercial activity and their joint contribution to the consolidated result It has been 11.4%in this period.
Customer assets under assets under management (Investment funds, sicavs and pension funds) It is 14,814 million eurosincreasing 2,586 million euros compared to the previous year.
The assets managed in investment funds/FCR amounts to 4,867 million euros increased by 817 million euros compared to the previous year. In SICAVS and SCR the managed volume amounts to 1,180 million euros and in pension funds 4,525 million euros.
Economic and financial perspective
In the words of Juan Carlos Ureta, president of Rent 4 Bank: “In exercise 2024 very positive results have been achieved both from the benefit point of view obtained by the group, and from the point of view of activity of all lines business that They have registered double digit income increases in all areas. ”
“One more year, it is worth highlighting the continuous and sustained increase in the client base and the high volume of collection of new customer assets that translates into a significant growth of the heritage administered and managedwhich reflects the solidity of the business model based on specialization with a high level of quality in customer service.
The positive results of the exercise, together with a high level of return on capital (ROE) and baggy solvency and liquidity ratios, consolidate the profitable and solid growth trend that has been observed in recent years, which allows us to maintain A projection of the evolution of the optimistic business for this year 2025 that will allow us continue with a satisfactory policy of compensation to the shareholder”, He concludes.