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DYNAMIC BUSINESS ACTIVITY IN A CONTEXT OF REBOUND OF THE ECONOMY
CUSTOMER LOANS[1] AT EUR 216 BILLION, +3.2%* vs. 30.06.2020
CUSTOMER DEPOSITS[2] AT EUR 198 BILLION, +6.5%* vs. 30.06.2020
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STRONG SUPPORT FOR THE BELGIAN ECONOMY
EUR 131 BILLION OF CREDITS[3] |
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REVENUES: EUR 4,149 MILLION, +6.7%* vs. 1H 2020 HIGHER REVENUES IN BELGIUM DESPITE THE IMPACT OF LOW INTEREST RATES EXCELLENT PERFORMANCE OF OTHER DOMESTIC MARKETS AND PERSONAL FINANCE COSTS: EUR 2,439 MILLION, +3.3%* vs. 1H 2020 STRICT COST MANAGEMENT WITH A COST REDUCTION IN BELGIUM
GROSS OPERATING INCOME: EUR 1,710 MILLION, +12.1%* vs. 1H 2020
POSITIVE JAWS EFFECT
COST OF RISK: EUR 227 MILLION, -13bp vs. 1H 2020
COST OF RISK ON AVERAGE OUTSTANDING CUSTOMER LOANS AT 21bp
PRE-TAX INCOME: EUR 1,664 MILLION, +26.1%* vs. 1H 2020
NET INCOME: EUR 1,143 MILLION, +38.1%* vs. 1H 2020
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VERY SOLID FINANCIAL STRUCTURE COMMON EQUITY TIER 1 RATIO OF 17.7% LIQUIDITY COVERAGE RATIO OF 199%[4] |
Please find attached the entire press release.
* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates and excluding other one-off results.
[1] Loans and receivables due from customers excl. securities and reverse repos and incl. Arval’s rental fleet.
[2] Amounts due to customers excl. repurchase agreements (‘repos’).
[3] Including Belgian subsidiaries.
[4] On a non-consolidated basis.
