Profitul operational a avansat cu 24,7% la 7,79 miliarde euro, in urma cresterii veniturilor si a controlului eficient al costurilor.
Results for the first nine months of 2006:
· Net profit €4,480 million, up 44.7% YoY (approx. +33% YoY excluding net
income from investments)
· Annualised ROE 16.7%
· Net income from investments €1,076 million, of which €367 million from the
sale of Splitska Banka and €401 million from the third-quarter sale of 2S
· Operating profit €7,797 million, +24.7% YoY, thanks to progress by all sources
of revenue (total revenues up 11.9% YoY to €17,553 million) and good cost
control (operating costs up 3.4% YoY to €9,756 million, +1.5% YoY on a like-forlike
foreign exchange and perimeter basis)
· Cost/Income ratio down to 55.6% from 60.1% at September 2005
· Better asset quality: total net deteriorated loans down by 8.1% on December
2005
· Assets under management up 11.7% YoY to €242.6 billion at end of September
2006
Results for third quarter 2006:
· Net profit €1,437 million, up 37.8% YoY
· Total revenues €5,614 million, up 4.6% YoY
· Operating costs €3,227 million, up 1.4% YoY
· Operating profit €2,387 million, up 9.4% YoY
