Net profit of EUR 248 million in 2Q 2010
Deleverage and liquidity: acceleration and notable progress
Highlights
Net profit of EUR 248 million in 2Q 2010
Confirmed commercial dynamic of retail and commercial banking activities
Further decrease in cost of risk supported by core businesses* (10 bps versus 13 bps in 1Q 2010) and Legacy Division (EUR -88 million)
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Improved liquidity situation enabling full exit of the State guarantee by the end of June 2010
Deleverage remaining a high priority: EUR 20.3 billion asset sales as at 2 August 2010
Execution of the wholesale long-term funding programme ahead of 2010 annual target: EUR 37.9 billion raised as at 23 July 2010
Short-term funding need reduced by EUR 22 billion in 1H 2010
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Strong solvency ratios
Tier 1 ratio at 12.2% and Core Tier 1 ratio at 11.3%
Resilience to adverse macro-economic scenarios highlighted by CEBS stress test
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* Retail and Commercial Banking (RCB), Public and Wholesale Banking (PWB) and Asset Management and Services (AMS
Press release (PDF 93 Kb)