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DYNAMIC BUSINESS ACTIVITY IN A CONTEXT OF REBOUND OF THE ECONOMY
CUSTOMER LOANS[1] AT EUR 218 BILLION, +5.4%* vs. 31.12.2020
CUSTOMER DEPOSITS[2] AT EUR 199 BILLION, +4.9%* vs. 31.12.2020
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STRONG SUPPORT FOR THE BELGIAN ECONOMY
EUR 38.1 BILLION (+18.7%) OF FINANCING PRODUCTION[3]
EUR 134 BILLION (+3.2%) OF LOANS[4]
EUR 93.3 BILLION (+10.4%) OFF BALANCE ASSETS UNDER MANAGEMENT[5]
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REVENUES: EUR 8,412 MILLION, +7.5%* vs. 2020 HIGHER REVENUES IN BELGIUM DESPITE THE IMPACT OF LOW INTEREST RATES EXCELLENT PERFORMANCE OF SUBSIDIARIES COSTS: EUR 4,577 MILLION, +2.7%* vs. 2020 STRICT COST MANAGEMENT WITH A COST REDUCTION IN BELGIUM
GROSS OPERATING INCOME: EUR 3,835 MILLION, +14.0%* vs. 2020
POSITIVE JAWS EFFECT
COST OF RISK: EUR 359 MILLION, -15bp vs. 2020
COST OF RISK ON AVERAGE OUTSTANDING CUSTOMER LOANS AT 17bp
PRE-TAX INCOME: EUR 3,813 MILLION, +26.9%* vs. 2020
NET INCOME: EUR 2,593 MILLION, +29.5%* vs. 2020
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VERY SOLID FINANCIAL STRUCTURE COMMON EQUITY TIER 1 RATIO OF 18.0% LIQUIDITY COVERAGE RATIO OF 192%[6]
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* 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] Including Belgian subsidiaries and including the Arval’s rental fleet in Belgium.
[5] BRB scope, excluding Assets under Administration (AuA).
[6] On a non-consolidated basis.
