Risultati 2015 Act
2-2-2016
Net profit of Euro 235 million in 2015, compared to a loss of Euro 227
million in 2014.
Core net income* up 37.1%, from Euro 647.4 million in 2014 to Euro
887.9 million in 2015, reflecting a 16.6% increase in net interest income
and lower operating costs (-3.7%, including an 7.0% reduction in
Portugal). Operating efficiency improved further, as cost to core
income* decreased to 55.5%.
Customer deposits up by 3.5% to Euro 51.5 billion as at 31 December
2015, with total customers funds standing at Euro 66.2 billion (Euro 64.7
billion as at 31 December 2014).
Commercial gap improved further, with net loans as a percentage of onbalance
sheet customer funds now standing at 97%. As a percentage of
deposits (BoP criteria), net loans improved to 102% (108% as at 31
December 2014).
Provision charges still sizable, but trending downwards: Euro 833.0
million in 2015 (Euro 1,107.0 million in 2014).
Decrease of the non-performing loans ratio to 10.9% at year-end 2015
from 11.5% at year-end 2014. Coverage of non-performing loans
reinforced to 57.3% from 52.9% at the end of 2014.
Common equity tier 1 ratio** at 13.3% according to phased-in criteria,
compared to 11.7% as at 31 December 2014. This figure stood at 10.2% on
a fully implemented basis.
Capital figures do not include the impact of the agreement to merge
Millennium Angola and Banco Privado Atlântico, S.A., estimated at +0.4
percentage points in phased-in.
ECB funding usage at Euro 5.3 billion (Euro 1.5 billion of which TLTROrelated),
down from Euro 6.6 billion as at 31 December 31 2014.