Bankinter has agreed to acquire 100% of Tulp Hypotheken Holding B.V. (Tulp Group), a Dutch platform specialising in mortgage intermediation and financing. Through this transaction, the Group expands its geographic footprint by entering the Dutch market and advances its international development in an area in which Bankinter has extensive expertise: the mortgage business.
The investment is aligned with the Bank’s international growth strategy and reflects its active capital allocation policy, aimed at supporting growth through selective investments and the efficient deployment of resources. Subject to the receipt of the relevant regulatory approvals, the transaction will extend Bankinter’s international footprint to a fifth country and reinforce its track record of growth beyond Spain.
A specialist platform with scale and a proven track record
Tulp Group is a Dutch specialist mortgage finance platform operating a multi-funder, multi-product model. Its activities span the full value chain: origination, distribution, servicing and mortgage portfolio management. In practice, this means that it connects funders and investors with end customers through its own distribution network and operating platform, managing the entire mortgage process end to end.
The company has delivered sustained growth and profitability in recent years, with steady increases in origination volumes and in the size of the mortgage portfolios it manages on behalf of third parties. It currently originates mortgage lending volumes of around €1 billion per annum, underlining the scale of its activity in the Dutch market. It also manages a cumulative mortgage portfolio worth several billion euros on behalf of third parties, further strengthening its position within this ecosystem.
Operational continuity at Tulp Group and long-term development
Tulp Group will continue to operate in the ordinary course of business, maintaining its business model, market positioning and customary relationships with clients and suppliers. Its management team will remain in place, continuing to lead the day-to-day running of the business with full operational autonomy.
The platform operates in one of Europe’s most developed mortgage markets, characterised by its scale, a high degree of standardisation and the growing relevance of specialist platforms alongside traditional financial institutions.
Strategic rationale for Bankinter
The acquisition is consistent with Bankinter’s measured approach to expanding into new markets and is in line with other recent transactions undertaken by the Group in both banking and non-banking financial assets. These initiatives have been aimed at broadening capabilities, with a focus on businesses offering attractive profitability and valuation profiles in their respective markets.
Through this transaction, Bankinter continues to execute its international growth and diversification strategy, gaining exposure to an attractive European market and reinforcing its ability to generate sustainable long-term value.
About Bankinter
Bankinter is Spain’s fifth-largest bank by assets and the most resilient listed bank in the euro area under the adverse scenario, according to the latest stress tests conducted by the European Banking Authority. In 2025, the Bank reported record net profit of €1.09 billion, up 14.4% year on year, driven by business growth. Bankinter operates in Spain, Portugal, Ireland and Luxembourg, with a diversified business profile across markets within the European Union and by line of business. Over the course of its history, the Bank has been a pioneer in digital transformation and financial innovation, and is recognised for its robust growth, profitability, solvency and efficiency metrics.
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