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Shareholder Value Creation of Bankinter: 1991-2006
Pablo Fernandez University of Navarra - IESE Business School Jose Maria Carabias London Business School; University of Navarra - IESE Business School January 25, 2007 Abstract: We compute the Shareholder Value Creation of Bankinter. The market cap of Bankinter increased between December 1991 and December 2005 in 3.9 billion euros. The shareholder value creation during this period was also 3.9 billion euros. The average shareholder return of Bankinter in this 15 years was 18.1%, higher than that of the IBEX 35 (15.4%). Average inflation was 3.3%. We also compare the shareholder return of Bankinter with that of other banks.
Keywords: Value creation, shareholder value creation, Bankinter, IBEX JEL Classifications: G12, G31, M21 Working Paper SeriesDate posted: January 27, 2007 ; Last revised: January 30, 2007Suggested CitationContact Information
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