Q2 2021

Semi-Annual Report 2021

  • Net Net interest income up 5% quarter-on-quarter
  • Net fee and commission income grew significantly 15% quarter-on-quarter to EUR 499 million
  • H1 2021 general administrative expenses down 2% year-on-year
  • H1 2021 provisioning ratio at 0.23% due to releases and low inflows of stage 3 loans
  • H1 2021 consolidated profit improved 66% year-on-year to EUR 612 million, supported by lower risk costs
  • Loans to customers up 4% year-to-date
  • CET1 ratio at 13.3% (fully loaded, incl. 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)