The pre-tax result declined by 56% to €273m for Q1 16 versus Q1 15. Net interest income was down by 9% to €1.33bn for Q1 16 compared to Q1 15. Loan loss provisions decreased by 6% to €148m in Q1 16. Commission income was down by 9% to €821m in Q1 16. Trading income fell by 98% to €13m for Q1 16 compared to Q1 15. Total revenues declined by 17% to €2.3bn in Q1 16 compared to Q1 15. Administrative expenses were down by 2.4% to €1.9bn in the same period. The ta
03 May 2016
Weaker Q1 results due to trading weakness
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Weaker Q1 results due to trading weakness
The pre-tax result declined by 56% to €273m for Q1 16 versus Q1 15. Net interest income was down by 9% to €1.33bn for Q1 16 compared to Q1 15. Loan loss provisions decreased by 6% to €148m in Q1 16. Commission income was down by 9% to €821m in Q1 16. Trading income fell by 98% to €13m for Q1 16 compared to Q1 15. Total revenues declined by 17% to €2.3bn in Q1 16 compared to Q1 15. Administrative expenses were down by 2.4% to €1.9bn in the same period. The ta