Q3 2021

Third-Quarter Report 2021

  • Net interest income up 9% quarter-on-quarter driven by volume growth and higher key rates
  • Net fee and commission income up 8% quarter-on-quarter to EUR 538 million
  • Cost income ratio at 52.1% in Q3 while general administrative expenses (up 3% quarter-onquarter) reflect first time consolidation of Equa bank and integration cost
  • Year to date provisioning ratio at 0.21%
  • Consolidated profit improved 76% year-on-year to EUR 1,055 million
  • Loans to customers up 11% (excluding Equa bank 9%) year-to-date
  • CET1 ratio at 13.2% (fully loaded), including year to date result and Equa bank impact
  • Moody’s rating upgrade to A2 from A3
  • Extraordinary general meeting scheduled for 10 November to vote on proposed additional dividend of EUR 0.75 per share
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)