"Bottom-line result at €406m in 3Q2015 and -€1.0bn in 9M2015."
"Pre-provision income up by 8.4% q-o-q at €230m. Resilient net interest income (-1.8% q-o-q) despite capital controls. Operating expenses down by 6.4% y-o-y. Cost to income ratio improved to 51.8%, from 53.7% in 2Q2015. Credit provisions reached €2.4bn in 9M2015, incorporating the results of ECB’s Asset Quality Review. 90dpd coverage improved by 940 basis points to 65.0% in 3Q2015. 90dpd formation was contained at €166m, despite bank holiday and capital controls. Eurosystem funding off-peak at €29.6bn; loans to deposits ratio stabilized at 131.2%. Common Equity Tier Ratio at 12.1% and 17.7% pro-forma for the €2.1bn share capital increase. International operations net income at €20m in 3Q2015 and €54m in 9M2015. Bottom-line result at €406m in 3Q2015 and -€1.0bn in 9M2015." |