BNP Paribas Fortis 2017 Full Year Results
STRONG BUSINESS ACTIVITY
CONTINUED GROWTH OF CUSTOMER LOANS AND DEPOSITS
CUSTOMER LOANS[1] AT EUR 188 BILLION, +4.4%* vs. 31.12.2016
CUSTOMER DEPOSITS[2] AT EUR 167 BILLION, +4.0%* vs. 31.12.2016
SOLID UNDERLYING RESULTS
REVENUES: EUR 8,119 MILLION, -0.4%* vs. 2016
PRESSURE ON INTEREST MARGIN IN BELGIUM
CONTROLLED OPERATING EXPENSES: EUR 4,831 MILLION, +1.5%* vs. 2016
DECREASE IN COST OF RISK: EUR 338 MILLION, -16.2%* vs. 2016
LOW COST OF RISK AT 18bp
NET INCOME: EUR 1,897 MILLION, -0.5%* vs. 2016
STRONG FINANCIAL STRUCTURE
COMMON EQUITY TIER 1 RATIO[3] OF 14.5%
LIQUIDITY COVERAGE RATIO OF 120%[4]
COMMITTED TO THE BELGIAN ECONOMY
LOANS AT EUR 101.9 BILLION, +6.1%* vs. 31.12.2016
DELIVERING ON DIGITALISATION, AGILITY AND SUSTAINABILITY
* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates, and excluding other one-off results (see page 6 for more details).
[1]Customer loans are loans and receivables due from customers excluding securities and reverse repos and including the property, plant and equipment of Arval.
[2]Customer deposits consist of amounts due to customers excluding repurchase agreements (‘repos’).
[3] On a fully-loaded basis, i.e. ratio taking into account all the CRD4 rules with no transitory provisions.
[4] On a non-consolidated basis.
