• Ongoing transformation of business model, in line with Restructuring Plan: rise in "core" net interest income1 ( 5.1% YoY), commissions from wealth management ( 9.4% YoY) and structural cost reduction (-5.2% YoY)
  • Adjusted Pre Provision Profit (Net Operating Income without Net Impairment Losses) stands at EUR 1.6bn, up 16.6% from the previous year
  • Net result for the period (- EUR 1,150 mln) affected by non-recurring items, including impacts from the examination of sample positions in Asset Quality Review ("Credit File Review" – "CFR")
  • Sound capital position (CET1 ratio phased-in at 12.8% and CET1 fully phased at 11.4%2) despite CFR results being fully booked as at 30 September 2014
  • Increase in coverage of impaired loans ( 100 bps from previous year) with coverage on watchlists up 260 bps vs 30/09/2013

Net result for the period affected by Asset Quality Review outcome


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