Full Year results 2016 BNP Paribas Fortis
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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).