PRESS RELEASE
11/05/2010

1Q 2010 Results

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)

 

Download the press release (PDF 42 Kb)