New Bank had a loss of 249.4 million euros in the first quarter, which compares with the loss of € 117.8 million in the same period.
in a statement sent to the Committee on Securities market (CMVM), the New Bank says net income was negatively influenced by the “provision for restructuring costs and the registration of the total annual value of the contribution on the Banking Sector”.
on the positive side, the bank stands not mensualização the cost of the contribution to the National Resolution Fund.
“Without these effects, net income for the quarter was negative at 140.1 million euros,” he says.
the operating result was 78.9 million euros, an increase of 152.1% compared to the quarterly average of 2015, accounting for 63% “of the value achieved throughout the 2015 financial year (125 million euros), “signals the institution led by Eduardo da Cunha Stock.
the commercial banking income stood at 210.9 million euros,” with the financial results to show a growth of 24.9% due to the quarterly average of 2015, confirming the growing contribution of this aggregate to improve revenue, “he added.
the results of financial operations was positive at EUR 27.3 million.
operating costs, amounting to 155.2 million euros, according to the New Bank, show a strong decrease of 17.8% over the quarterly average of 2015, “reflecting the cost reduction efforts undertaken by the group, in particular by , simplification and process improvement and optimization of the operational and commercial structure. “
the provisions amounted to 348.2 million euros and include a provision for costs of the ongoing restructuring process, the value of 109.6 million euros.
deposits of individual customers, according to the bank, continued to increase in the first quarter 2016 (EUR 44 million), “confidence-building signal in the group (not despite a decline to historically low levels of household savings) “, maintaining the highest level since the creation of the New Bank (EUR 18.1 billion) in August 2014.
deposits of large customers, in turn, fell by 2.2 billion, is partly explained by the transfer of BES Venetie and NB Asia for active discontinued, which “has to offer in this less competitive segment” and the impact of relay five senior emissions to the perimeter of the BES.
the overdue loans ratio for more than 90 days / total loans was 15.1%, with the respective provision coverage ratio to be located in 110.8%, while the credit coverage to customers by provisions was 16.7%.
the credit risk represented 23% of the total loan portfolio and coverage increased to 72.6% .
personnel costs amounted to 81.4 million euros (-18.1% compared to the quarterly average for 2015), to which contributed the reduction, as compared to December 31, 2014, 433 employees in the New Bank and 1,649 considering the whole group (of which 802 from the sale of BESI and 224 relating to activities discontinued).
Face the August 4, 2014, reducing the number of employees was 1,814.
No comments:
Post a Comment