BNP Paribas Fortis: Full Year results 2016
GOOD OVERALL PERFORMANCE DESPITE A LOW INTEREST RATE ENVIRONMENT SOLID FINANCIAL STRUCTURE |
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CUSTOMER LOANS[1] AT EUR 181 BILLION, +5.4%* vs. 31.12.2015 CUSTOMER DEPOSITS[2] AT EUR 163 BILLION, +7.3%* vs. 31.12.2015 SOLID GROWTH OF CUSTOMER LOANS AND DEPOSITS REFLECTING THE ROLE OF THE BANK IN FINANCING THE ECONOMY |
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REVENUES: EUR 7,300 MILLION, +3.1%* vs. 2015 GROWTH IN BELGIUM, TURKEY, PERSONAL FINANCE AND LEASING |
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OPERATING EXPENSES: EUR 4,394 MILLION, +1.2%* vs. 2015 CONTAINED COSTS EVOLUTION |
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COST OF RISK: EUR 434 MILLION, +9.0%* vs. 2015 |
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OPERATING INCOME: EUR 2,472 MILLION, +5.5%* vs. 2015 NET INCOME: EUR 1,727 MILLION, +7.4%* vs. 2015 |
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COMMON EQUITY TIER 1 RATIO[3] OF 12.5% LIQUIDITY COVERAGE RATIO OF 139%[4] |
The below analysis focuses on underlying business performance and excludes the following non-recurrent items: impacts of scope changes, evolution of foreign exchange rates and credit spreads, activation of deferred tax assets and other one-off results.
* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates and excluding credit spread impact, activation of deferred tax assets and 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, 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 view.
* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates and excluding credit spread impact, activation of deferred tax assets and other one-off results (see page 6 for more details).
1 The cost income ratio is calculated by dividing the operating expenses and depreciation (absolute value) by the revenues (the net banking income).
