“We made a good operational start to the current year, with positive margin development in all client segments. Our diversified business model is sustainably profitable, and we have strengthened our earnings base with the acquisition of the shipping portfolio in June.”
Ulrik Lackschewitz, CEO
KPIs
Profit before tax (€mn)
H1 2023
H1 2024
2023
>250
Guidance 2024
Return on Equity post-tax1
.8%
H1 2023
.7%
H1 2024
.5%
2023
>%
Guidance 2024
NIM2
H1 2023
H1 2024
2023
>
Guidance 2024
CIR3
%
H1 2023
%
H1 2024
%
2023
<50%
Guidance 2024
NPE ratio
.5%
H1 2023
.3%
H1 2024
.3%
2023
~.5%
Guidance 2024
CET1 ratio4
.5%
H1 2023
.1%
H1 2024
.5%
2023
>%
Guidance 2024
Issuer Rating
A3, sta.
H1 2023
A3, sta.
H1 2024
A3, sta.
2023
A3, sta.
Guidance 2024
1) RoE after taxes based on 13% normalized CET1 ratio | 2) NIM based on total NII I 3) CIR: legacy one-off (-62mn €) impacts CIR by 9 PP I 4) CET1 w/o H1 2024 result, but including effect of Shipping portfolio acquisition
ESG Ratings
Sustainability-Ratings
KPI Overview 2020 - H1 2024
1) 1)YE 2021 excludes results from FY 2021; YE 2022 post dividend, YE 2023 post dividend I 2) Technical correction of Leverage ratio for FY 2022 | 3) NIM until 2022 based on Core NII | 4) since H1-2024 Global Transportation