8 Feb 2017
Approval of consolidated financial statements FY 2016
The Board approved the 2016 preliminary unaudited consolidated financial statements.

The Board approved the 2016 preliminary unaudited consolidated financial statements.

Highlights:

• Net profit combined with Magellan at €88 million adjusted2 for €11 extraordinary costs

• ROTE combined with Magellan and adjusted at 37%

• Proposed dividend distribution of €72 million, 5% above 2015, thanks to high capital generation

• CET1 ratio at 16.7%, after dividend distribution and cash acquisition of Magellan

• Good asset quality: net NPLs/net loans at 0.5% including Magellan; cost of risk of 0.10%

• Net Banking income combined and adjusted of €175 million, up by 24% y/y; cost/income ratio combined and adjusted at 32%