Quarterly Reports

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

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