BNP Paribas Fortis 2020 First half Results

In attachment you will find the press release and the slideshow of the half-year results 2020 of BNP Paribas Fortis.

STRONGLY COMMITTED TO SUPPORT THE BELGIAN ECONOMY IN THE CURRENT EXCEPTIONAL CIRCUMSTANCES OF THE HEALTH CRISIS

CUSTOMER LOANS AT EUR 115 BILLION,
+4.8% vs. 30.06.2019, +3.6% vs. 31.12.2019

MORE THAN 85 000 MORATORIA, OF WHICH 44 000 RESIDENTIAL MORTGAGE LOANS AND 41 000 PROFESSIONAL LOANS

CUSTOMER DEPOSITS AT EUR 136 BILLION,
+5.4% vs. 30.06.2019, +3.9% vs. 31.12.2019

ROBUST BUSINESS ACTIVITY ON A CONSOLIDATED LEVEL
CUSTOMER LOANS[1] AT EUR 212 BILLION, +2.9%* vs. 31.12.2019
CUSTOMER DEPOSITS[2] AT EUR 189 BILLION, +3.1%* vs. 31.12.2019

WITHIN THE CONTEXT OF CURRENT HEALTH CRISIS AND THE PERSISTENTLY LOW INTEREST RATES, GOOD OPERATING RESULTS AND LEVEL OF NET INCOME

REVENUES: EUR 3,978 MILLION, +1.0%* vs. 1H 2019
LOWER REVENUES IN BELGIUM
GROWING REVENUES IN OTHER BUSINESS LINES

COSTS: EUR 2,418 MILLION, DOWN BY -0.7%* vs. 1H 2019
SUSTAINED STRICT COST MANAGEMENT IN BELGIUM
CONTAINED COST INCREASE IN THE OTHER BUSINESS LINES

GROSS OPERATING INCOME: EUR 1,560 MILLION, +3.7%* vs. 1H 2019

COST OF RISK AT EUR 360 MILLION OR 34bp, +67.1%* vs. 1H 2019

PRE-TAX INCOME: EUR 1,309 MILLION, -8.8%* vs. 1H 2019

NET INCOME: EUR 804 MILLION, -14.9%* vs. 1H 2019

STRONG FINANCIAL STRUCTURE
COMMON EQUITY TIER 1 RATIO OF 14.8%
LIQUIDITY COVERAGE RATIO OF 146%3

* Excluding non-recurrent items, i.e. at constant scope, constant exchange rates and excluding other one-off results (see page 5 for more details).

[1] Customer loans are loans and receivables due from customers excluding securities and reverse repos and including the property, plant and equipment of Arval.

[2] Customer deposits consist of amounts due to customers excluding repurchase agreements (‘repos’).

3 On a non-consolidated basis.