CheBanca! Board of Directors’ Meeting Financial statements for three months ended 30 September 2018 approved

CheBanca! Board of Directors’ Meeting
Financial statements for three months ended 30 September 2018 approved


Significant growth in TFAs (up 14% to €23bn) despite high uncertainty and volatility
Customer base increased by 10K
Profitability increasing

FAs network continues to strengthen
Growth from 226 FAs at end-June 2018 to 244, across 51 POS (46)
More than €2bn in TFA now attributable to FAs

Volumes and customers growing
TFAs up to €23.2bn, with €0.6bn in NNM for the quarter
Loans and advances up 8.1% Y.o.Y. to reach €8.2bn, with new loans of €0.4bn in the three months 
Client base increased by more than 10K (to 818K), with the digital channel accounting for more than 40% of new customers

Revenues and operating profit showing solid improvement
Revenues up 3% Y.o.Y.  to €72m,
well diversified between net interest income (€53m) and fees (up 19% Y.o.Y. to €19m)
Costs up 2.7% Y.o.Y. to €1.5m, due to growth in business
Operating profit up 12% Y.o.Y. to €10m

Last update: 19/10/2018 - 14:32