Strong Financial Performance
Net profit of €660 million with a return on tangible equity of 14%. EPS increased by 10% to €0.79 per share.
Wealth Management and CIB Growth
Wealth Management saw €5 billion of net new money, while CIB revenue increased by 46% in the second quarter.
Record Revenue and Fee Generation
Revenue reached nearly €1 billion in the second quarter, a 14% increase Q-on-Q. Fees were up 36% Q-on-Q, driven by CIB and Wealth Management.
Capital Generation and Distribution
CET1 stood at 15.2%, with plans for a 10% payout and possible buyback leading to a 14.8% CET1.
Revised Guidance
Revenue projection increased from €3.8 billion to €4 billion, and net profit revised up to €1.4 billion.