• Excluding exceptional items, results are thoroughly satisfactory in the current economic environment

Consolidated net profit under IFRS (Group share) came to €336.9 million. Excluding exceptional items, profit rose by 8%

• Banking and international leasing businesses on the right track
  • Retail & Corporate Banking reported 2% growth in average loan outstandings and a 5% increase in average deposits
  • Wealth Management put in a strong commercial performance
  • Leasing International’s strategic activities continued to develop positively

• Management costs under control

Management costs fell by 4% excluding exceptional items

• The strongest capital base of any Luxembourg bank
  • Own funds of €5.9 billion
  • Solvency ratio of 25.7%, well above the regulatory minimum

• A socially responsible bank committed to serving the economy and investing in the future
  • Launch of expansion project for Kirchberg banking centre
  • Major programme of support for cultural and sporting activities in Luxembourg; continued engagement in the socially responsible economy