1st quarter results for 2015
Published on 06/05/2015
Q1 15: GOOD FIRST QUARTER
- Net banking income: EUR 6.4bn, +12.3% vs. Q1 14 and +4.4%* vs. Q1 14 excluding non-economic items** and corrected for the implementation of IFRIC 21. Good commercial momentum and solid growth in all the businesses
- Operating expenses under control, accompanying business growth: +1.6% when adjusted for changes in Group structure and at constant exchange rates, excluding the effect of the introduction of new regulatory and accounting obligations (SRF and IFRIC 21)
- Continued decline in the cost of risk: -5.0%* vs. Q1 14 to 55bp(1)
- Book Group net income: EUR 868m in Q1 15 (EUR 169m in Q1 14, x5.1 vs. Q1 14)
- Group net income excluding non-economic items**, IFRIC and SRF adjustment: EUR 1,078m in Q1 15 (EUR 415m in Q1 14)
- CET1 ratio: 10.1%, in line with the Group’s strategy
EPS(2): EUR 0.96
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