Preliminary pre-tax profit decreased by 65% to €643m for FY2016 compared to FY2015. Net interest income and trading income was down by 13% to €5.4bn for FY2016 compared to FY2015. Loan loss provisions rose by 29% to €900m in 2016. Revenues before loan loss provisions decreased by 4% to €9.4bn for 2016 compared to 2015. Operating expenses were slightly down by 1% to €7.1bn in the same period. Impairments of goodwill were €627m and positive one-offs were around &eu
09 Feb 2017
Ridiculously low return after 8 years of restructuring
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Ridiculously low return after 8 years of restructuring
Preliminary pre-tax profit decreased by 65% to €643m for FY2016 compared to FY2015. Net interest income and trading income was down by 13% to €5.4bn for FY2016 compared to FY2015. Loan loss provisions rose by 29% to €900m in 2016. Revenues before loan loss provisions decreased by 4% to €9.4bn for 2016 compared to 2015. Operating expenses were slightly down by 1% to €7.1bn in the same period. Impairments of goodwill were €627m and positive one-offs were around &eu