Q1 2021

First Quarter Report 2021

  • Net interest income stable quarter-on-quarter; net interest margin reflects excess liquidity
  • Net fee and commission income almost fully recovered despite weaker exchange rates and prolonged lockdowns
  • General administrative expenses down 5% year-on-year
  • Provisioning ratio at 0.35% due to very low inflow of stage 3
  • Consolidated profit improved 22% year-on-year to EUR 216 million, supported by lower risk costs
  • Loans to customers up 1% year-to-date
  • CET1 ratio stable at 13.6% (incl. first quarter result)
Q2 2020

Semi-Annual Financial Report 2020

  • Core revenues stable year-on-year, with net interest income up 2% and net fee and commission income unchanged (lower quarter-on-quarter due to lockdown)
  • Customer loans grew by 3% year-to-date despite substantial depreciation of local currencies
  • Provisioning ratio of 0.67% in the first half of the year; increase primarily driven by COVID-19 effects
  • Consolidated profit of EUR 368 million, negatively impacted by higher risk costs and impairments on companies valued at equity (other result)
  • Net interest margin declined by 22 bps quarter-on-quarter to 2.21%
  • NPE ratio and NPE coverage ratio improved slightly to 1.9% and 63.3%, respectively
  • CET1 ratio of 13.2% (including result)