1st quarter results for 2014
Q1 14: GOOD OPERATING PERFORMANCES IN A STILL SLUGGISH ENVIRONMENT
- Group revenues: EUR 5.8bn, up +3.3% vs. Q1 13
- Book net banking income: EUR 5.7bn, +18.8%* vs. Q1 13
- Stable operating expenses*: +0.2%* vs. Q1 13
- Sharp decline in the cost of risk (65bp)(1): -27.1%* vs. Q1 13
- Improvement in operating income** to EUR 1,287m in Q1 14 (vs. EUR 745m in Q1 13)
- Finalisation of the acquisition of Newedge Group
- Goodwill write-down on Russian activities: EUR -525m impact on Group net income,
- Group net income reduced from EUR 941m to EUR 416m (EUR 798m in Q1 13)
- Book Group net income: EUR 315m
- Increase in the CET1 ratio to 10.1%
EPS: EUR 0.30
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