Net banking income up 2% to EUR 687.6 million

• Luxembourg Retail and Corporate Banking reported a 2.4% increase in average loan outstandings and a 6.1% in average deposits
• In Wealth Management, assets under management progressed 4%, driven by strong inflows and a positive market effect
• International Leasing continued to develop its business in strategic areas

Operating expenses down 2%

Consolidated net profit excluding minority interests of EUR 174.9 million

Persistently high solvency

• Own funds of EUR 5.4 billion
• A solvency ratio of 22.5% under Basel III rules, well above the regulatory minimum of 10.5%

The bank continues to innovate on behalf of its customers

• Unstinting change in response to changing customer needs and habits
• Further investment in online banking and in the branch network