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First Quarter Report 2023

Core revenues and earnings remain strong – FY 2023 ROE guidance increased

  • By Group Communications
  • Press Releases
  • Net interest income excluding Russia and Belarus stable quarter-on-quarter, while decreasing in Russia and Belarus
  • Net fee and commission income excluding Russia and Belarus down 5% quarter-on-quarter, largely due to seasonality, significant decrease in Russia
  • Risk costs of EUR 301 million, largely driven by EUR 278 million in Russia and Belarus
  • CET1 ratio at 16.0% (transitional, incl. result), excluding Russia 13.7%
  • ROE guidance increased on the back of better core revenue expectations