Quarterly financial information
Published on 09/02/2017
2016: HEALTHY GROWTH IN GROUP NET INCOME
- Net banking income excluding non-economic items** of EUR 25.7bn, +2.7% vs. 2015: good performance by International Retail Banking & Financial Services, resilience of French Retail Banking and Global Banking & Investor Solutions
Book net banking income of EUR 25.3bn (EUR 25.6bn in 2015) - Operating expenses under control, down -0.4% vs. 2015 at EUR 16.8bn
- Low cost of risk reflecting the structural improvement in the quality of the Group’s assets: commercial cost of risk of 37bp in 2016 vs. 52bp in 2015
- Group net income excluding non-economic items**: EUR 4.1bn in 2016, up 15.3% vs. 2015
- Continued strengthening of the balance sheet: fully-loaded CET1 ratio of 11.5% (10.9% at end-2015)
EPS(2): EUR 4.55 for 2016 vs. EUR 3.94 in 2015 – proposed dividend of EUR 2.20 (+10% vs. 2015)
Q4 16: OPERATING INCOME DOUBLES VS. Q4 15
- Net banking income** of EUR 6.2bn (+1.3% vs. Q4 15)
Book net banking income of EUR 6.1bn (+1.3% vs. Q4 15) - Stable operating expenses: EUR 4.4bn (+1.1% vs. Q4 15)
- Substantially lower net cost of risk: EUR -486m vs. EUR -1,157m in Q4 15
- Group net income of EUR 390m (EUR 656m in Q4 15), including the impact of the disposal of the Croatian subsidiary (EUR -235m) and the review of deferred tax assets (EUR -286m)
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