Total revenues (excluding exceptional items) were slightly higher than company-compiled consensus (€2,175m vs €2,128m). Expenses were in line with consensus and so was the cost of risk. Gross operating income after tax was therefore 9% higher than consensus. The good news also being that growth was not made exclusively at the cost of the balance sheet as RWA recorded a 1% drop ytd (at constant exchange rates).
31 Jul 2015
Good revenue growth...
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Good revenue growth...
- Published:
31 Jul 2015 -
Author:
Farhad Moshiri -
Pages:
2
Total revenues (excluding exceptional items) were slightly higher than company-compiled consensus (€2,175m vs €2,128m). Expenses were in line with consensus and so was the cost of risk. Gross operating income after tax was therefore 9% higher than consensus. The good news also being that growth was not made exclusively at the cost of the balance sheet as RWA recorded a 1% drop ytd (at constant exchange rates).