Business Review

Financial Data

Income statement

 

 

 

 

 

in EUR million

Q4 22

Q3 23

Q4 23

2022

2023

Net interest income

1,565

1,861

1,806

5,951

7,228

Net fee and commission income

622

663

702

2,452

2,640

Net trading result and gains/losses from financial instruments at FVPL

58

113

129

-47

449

Operating income

2,300

2,692

2,699

8,571

10,552

Operating expenses

-1,194

-1,202

-1,345

-4,575

-5,020

Operating result 

1,106

1,489

1,354

3,996

5,532

Impairment result from financial instruments

-141

-156

0

-300

-128

Post-provision operating result

965

1,333

1,354

3,696

5,404

Net result attributable to owners of the parent

518

820

688

2,165

2,998

 

 

 

 

 

 

Net interest margin (on average interest-bearing assets)

2.25%

2.50%

2.47%

2.21%

2.50%

Cost/income ratio

51.9%

44.7%

49.8%

53.4%

47.6%

Provisioning ratio (on average gross customer loans)

0.28%

0.30%

0.00%

0.15%

0.06%

Tax rate

15.0%

18.0%

19.0%

17.3%

18.2%

Return on equity

11.2%

17.7%

13.7%

12.6%

15.9%

 

 

 

 

 

 

Balance sheet

 

 

 

 

 

in EUR million

Dec 22

Sep 23

Dec 23

Dec 22

Dec 23

Cash and cash balances

35,685

31,922

36,685

35,685

36,685

Trading, financial assets

59,833

63,504

63,690

59,833

63,690

Loans and advances to banks

18,435

28,094

21,432

18,435

21,432

Loans and advances to customers

202,109

206,153

207,828

202,109

207,828

Intangible assets

1,347

1,313

1,313

1,347

1,313

Miscellaneous assets

6,456

6,175

6,206

6,456

6,206

Total assets

323,865

337,161

337,155

323,865

337,155

 

 

 

 

 

 

Financial liabilities held for trading

3,264

2,428

2,304

3,264

2,304

Deposits from banks

28,821

23,223

22,911

28,821

22,911

Deposits from customers

223,973

235,773

232,815

223,973

232,815

Debt securities issued

35,904

41,089

43,759

35,904

43,759

Miscellaneous liabilities

6,599

6,961

6,864

6,599

6,864

Total equity

25,305

27,687

28,502

25,305

28,502

Total liabilities and equity

323,865

337,161

337,155

323,865

337,155

 

 

 

 

 

 

Loan/deposit ratio

90.2%

87.4%

89.3%

90.2%

89.3%

NPL ratio

2.0%

2.0%

2.3%

2.0%

2.3%

NPL coverage ratio (based on AC loans, ex collateral)

94.6%

96.7%

85.1%

94.6%

85.1%

Texas ratio

16.4%

15.1%

16.6%

16.4%

16.6%

CET1 ratio (final)

14.2%

14.5%

15.7%

14.2%

15.7%