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SOLID CONSOLIDATED BUSINESS GROWTH SUPPORTED BY ALL ACTIVITIES CUSTOMER LOANS[1] AT EUR 238 BILLION, +7.7%* vs. 30.06.2021 CUSTOMER DEPOSITS[2] AT EUR 216 BILLION, +5.2%* vs. 30.06.2021 |
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STRONG SUPPORT TO THE BELGIAN ECONOMY EUR 20.1 BILLION (+15.0%) OF LOANS PRODUCTION[3] EUR 148 BILLION (+13.1%) OF LOANS PORTFOLIO[4] EUR 86 BILLION (-7.1%)* OF OFF BALANCE SHEET ASSETS UNDER MANAGEMENT[5] |
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REVENUES: EUR 4,786 MILLION, +16.9%* vs. 1H 2021 STRONG GROWTH IN REVENUES SUPPORTED BY ALMOST ALL ACTIVITIES COSTS: EUR 2,657 MILLION, +8.7%* vs. 1H 2021 CONTAINED COST INCREASE TO SUPPORT THE BUSINESS DEVELOPMENT GROSS OPERATING INCOME: EUR 2,129 MILLION, +28.4%* vs. 1H 2021 STRONG OPERATIONAL PERFORMANCE AND VERY POSITIVE JAWS EFFECT COST OF RISK: EUR 131 MILLION, -9bp[6] vs. 1H 2021 PRUDENT RISK PROFILE REFLECTED IN A LOW COST OF RISK AT 12bp PRE-TAX INCOME: EUR 2,460 MILLION, +36.8%* vs. 1H 2021 NET INCOME : EUR 1,634 MILLION, +29.8%* vs. 1H 2021 |
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VERY SOLID FINANCIAL STRUCTURE COMMON EQUITY TIER 1 RATIO OF 17.3% |
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 (excluding the Arval’s rental fleet in Belgium).
[4] Including Belgian subsidiaries (including the Arval’s rental fleet in Belgium).
[5] Commercial & Personal Banking in Belgium (CPB BE) scope, excluding Assets under Administration (AuA).
[6] Cost of risk on average outstanding loans.
[7] On a non-consolidated basis.
