• Businesses hold up well
  • The branch network and corporate department posted good income in first-half 2014. Average loan outstandings were up 1.2%, reflecting the bank's commitment to the Luxembourg economy, while average deposits rose 0.8%.
  • Wealth Management carried on with the process of converting to its new business model
  • International Leasing’s strategic activities continued to develop in a difficult economic environment in some countries

• Operating expenses under control
• Consolidated net profit excluding minority interests of EUR 176 millions
• High solvency
  • Own funds of EUR 5.2 billion
  • A high solvency ratio of 22.1% (under Basel III), well above the regulatory minimum

• Proximity and innovation

Major investments were made in refurbishing agencies and in the online banking offering

More information in the document below.