BNP Paribas Fortis: Full Year results 2016

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BNP Paribas Fortis: Full Year results 2016

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GOOD OVERALL PERFORMANCE 

DESPITE A LOW INTEREST RATE ENVIRONMENT

SOLID FINANCIAL STRUCTURE


CUSTOMER LOANS[1] AT EUR 181 BILLION, +5.4%* vs. 31.12.2015

 

CUSTOMER DEPOSITS[2] AT EUR 163 BILLION, +7.3%* vs. 31.12.2015

 

SOLID GROWTH OF CUSTOMER LOANS AND DEPOSITS

 

REFLECTING THE ROLE OF THE BANK 

 

IN FINANCING THE ECONOMY

 

 

REVENUES: EUR 7,300 MILLION, +3.1%* vs. 2015

GROWTH IN BELGIUM, TURKEY, 

PERSONAL FINANCE AND LEASING

 

OPERATING EXPENSES: EUR 4,394 MILLION, +1.2%* vs. 2015

CONTAINED COSTS EVOLUTION

 

COST OF RISK: EUR 434 MILLION, +9.0%* vs. 2015
MODERATE COST OF RISK AT 25bp

 

OPERATING INCOME: EUR 2,472 MILLION, +5.5%* vs. 2015

NET INCOME: EUR 1,727 MILLION, +7.4%* vs. 2015

 

COMMON EQUITY TIER 1 RATIO[3] OF 12.5%

 

LIQUIDITY COVERAGE RATIO OF 139%[4]

 

 

 

 

The below analysis focuses on underlying business performance and excludes the following non-recurrent items: impacts of scope changes, evolution of foreign exchange rates and credit spreads, activation of deferred tax assets and other one-off results.

  
 

* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates and excluding credit spread impact, activation of deferred tax assets and other one-off results (see page 6 for more details).

[1] Customer loans are loans and receivables due from customers excluding securities and reverse repos, including the property, plant and equipment of Arval.

[2] Customer deposits consist of amounts due to customers excluding repurchase agreements (‘repos’).  

[3] On a fully-loaded basis, i.e. ratio taking into account all the CRD4 rules with no transitory provisions.

[4] On a non-consolidated view.

    

* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates and excluding credit spread impact, activation of deferred tax assets and other one-off results (see page 6 for more details).

 

1 The cost income ratio is calculated by dividing the operating expenses and depreciation (absolute value) by the revenues (the net banking income).

    

Available media

Full Year results 2016 BNP Paribas Fortis

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Contact


Hans Mariën - BNP Paribas Fortis

hans.marien@bnpparibasfortis.com - +32 2 565 86 02 - http://www.bnpparibasfortis.com

Pamela Renders - BNP Paribas Fortis

pamela.renders@bnpparibasfortis.com - +32 (0)2 312 37 35 - http://www.bnpparibasfortis.com/

Hilde Junius - BNP Paribas Fortis

hilde.junius@bnpparibasfortis.com - +3225654737 - http://www.bnpparibasfortis.com