Profit performance
Profit, including provisions and impairments, was stable, with solid growth in banking revenues (net interest income and net fees and commissions).
Attributed income
710.4€mn
+0.3% 2016/2015
Increase in net interest income
+19.8%
Net interest income
(€ million)
(€ million)
Fee revenues
(€ million)
(€ million)
Solid growth in core banking revenues
Net interest income increased in a prolonged period of low interest rates.
Fees and commissions continue to grow, particularly asset management fees.
Fees and commissions continue to grow, particularly asset management fees.
The cost of deposits with agreed maturity continues to decline, as does the cost of wholesale funding.
Continuous improvement of the costs:income ratio due to a digital transformation strategy and successful sales efforts.
Continuous improvement of the costs:income ratio due to a digital transformation strategy and successful sales efforts.