Net profit of EUR 216 million in 1Q 2010
Further improvement of the liquidity situation
Highlights
Net profit of EUR 216 million in 1Q 2010
- Sound operational performance of core businesses*: gross operating income up 9,4% qoq
- Decreasing cost of risk of core businesses*: 13 bps versus 19 bps in 4Q09
- Increase of solvency: Tier 1 ratio of 12.5% o/w core Tier 1 ratio of 11.5%
Further improvement of the liquidity situation
- EUR 31 bn of medium and long-term funding already raised YtD
- EUR 10 bn of bonds sold YtD from the bond portfolio in run-off at limited losses
- On track to fully exit State guarantee by end of June 2010
* Retail and Commercial Banking (RCB), Public and Wholesale Banking (PWB) and Asset Management and Services (AMS)
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