Annual results at 30 June 2018

Best ever revenues, GOP and profitability MB top performer in EU for revenues growth & profitability

 

Best ever results fuelled by enhanced distribution and strong commercial efforts

  • NNM totalling €5bn – TFA up 7% to €64bn
  • New loans up 28% (to €16bn), loan book up 8% to €41bn
  • Revenues up 10% to €2.4bn, driven by strong Consumer performance and increased WM size
  • CoR down to 62bps, asset quality improved further
  • GOP up 24% to over €1bn, achieving BP19 target 1Y early
  • Net profit up 15% to €864m, CET1 ratio up to 14.2%1
  • ROTE at 10%, among the highest in European landscape

 

2018 strategic roadmap
fully achieved

  • WM: size and brand awareness scaled up, Group fee pool enlarged and diversified

  • Consumer: all time-high earnings level achieved with value management approach

  • CIB: EU positioning and K-lighter businesses enhanced, improved return

  • HF: excess liquidity optimized, loss reduced

  • PI: stakes reduced further

     

 

Shareholders remuneration significantly increased

  • DPS up 27% to €0.47 with payout @ 48%

  • Buyback programme up to 3% of share capital

 

Revenues up 10% to €2.4bn

GOP up 24% to €1bn

Net profit up 15% to €864m

NNM up to €5bn

AUM/AUA up 24% to €37bn

TFA up 7% to €64bn

NPLs/Ls : gross 5%, net 2%

BadLs/Ls: gross 1%, net 0%

Coverage: 57% NPLs, 73% BadLs

EPS up 14% to €0.97

DPS up 27% to €0.47

BVPS up 4% to €10.4

1) CET1 fully loaded (without Danish Compromise) @ 13,1%.

Last update: 04/10/2018