The third-quarter operating trends came out fully in line with management’s full-year guidance and enjoyed an accelerated balance-sheet clean-up. Importantly, the CET1/share generation over the past 12 months has amounted to 12% thus largely exceeding the cost of equity. The investors day due in early December will prove pivotal to see if and how the group will be able to secure a decent level of profitability.
07 Nov 2019
Strong capital generation
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Strong capital generation
The third-quarter operating trends came out fully in line with management’s full-year guidance and enjoyed an accelerated balance-sheet clean-up. Importantly, the CET1/share generation over the past 12 months has amounted to 12% thus largely exceeding the cost of equity. The investors day due in early December will prove pivotal to see if and how the group will be able to secure a decent level of profitability.