Published on 06/05/2015

1st Quarter Results for 2015


  • Net banking income: EUR 6.4bn, +12.3% vs. Q1 14 and +4.4%* vs. Q1 14 excluding non-economic items** and corrected for the implementation of IFRIC 21.  Good commercial momentum and solid growth in all the businesses
  • Operating expenses under control, accompanying business growth: +1.6% when adjusted for changes in Group structure and at constant exchange rates, excluding the effect of the introduction of new regulatory and accounting obligations (SRF and IFRIC 21)
  • Continued decline in the cost of risk: -5.0%* vs. Q1 14 to 55bp(1)
  • Book Group net income: EUR 868m in Q1 15 (EUR 169m in Q1 14, x5.1 vs. Q1 14)
  • Group net income excluding non-economic items**, IFRIC and SRF adjustment: EUR 1,078m in Q1 15 (EUR 415m in Q1 14)
  • CET1 ratio: 10.1%, in line with the Group’s strategy                               

EPS(2): EUR 0.96