€1.6BN IN NET INCOME ATTRIBUTABLE TO EQUITY HOLDERS IN A CHALLENGING ECONOMIC ENVIRONMENT
In a lacklustre economic environment in Europe, the Group’s revenues totalled 10,055 million euros, up 1.7% compared to the first quarter 2012. It included this quarter the positive impact of two exceptional items for a net total of 149 million euros:

-215 million euros in own credit adjustment and +364 million euros as a result of the first-time adoption of Debit Value Adjustment (DVA) under IFRS 13. The revenues of the operating divisions dropped 5.9%, although Retail Banking1 (+0.2%2) and Investment Solutions (+3.4%2) held up well, while this quarter was a transition for CIB after the end of the adaptation plan (-20.2%2).

The consult the detailed results, please open the document below.