Latest interim results

Strong performance and resilience although markets remain somewhat muted

• Return on equity* 15.8% and earnings per share EUR 0.36 

Lending growth picking up; continued growth in deposit volumes and assets under management

• Mortgage lending up 6% y/y, corporate lending up 6%. Retail deposits up 8% y/y, corporate deposits up 1%. AuM up 11% y/y

Income resilient

• Total income 3% lower y/y. Net interest income down 6%, as expected, and net fee and commission income up 5%

Cost-to-income ratio with amortised resolution fees 46.1%

• Costs flat y/y as expected, with stable levels of strategic investment

Exceptionally strong credit quality – net loan losses again well below long-term expectation 

• Net loan losses and similar net result reversal of EUR 19m or 2bp (EUR 31m or 3bp excluding management buffer release)

Continued strong capital generation; new share buy-back programme

• CET1 ratio 15.9% – 2.3pp above current regulatory requirement
• New EUR 250m share buy-back programme to be launched on or around 20 October

2025 outlook unchanged: well on track to deliver return on equity of above 15%