The group reported better-than-expected second quarter results thanks to impressive efficiency gains and a benign cost of risk. This has more than offset the sharper impact of low interest rates on the net interest income. The capital position has improved markedly.
22 Jul 2016
Stronger resilience on cost flexibility and benign cost of risk
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Stronger resilience on cost flexibility and benign cost of risk
- Published:
22 Jul 2016 -
Author:
David Grinsztajn -
Pages:
2
The group reported better-than-expected second quarter results thanks to impressive efficiency gains and a benign cost of risk. This has more than offset the sharper impact of low interest rates on the net interest income. The capital position has improved markedly.