Strong Revenue Growth
Revenues of €8.5 billion in Q1 2025, up 10% year-on-year, setting a strong start towards the full-year revenue objective of around €32 billion.
Improved Profitability
Pre-tax profit increased by 39% year-on-year to €2.8 billion, and net profit reached €2 billion with a 11.9% return on tangible equity.
Solid Capital Position
CET1 ratio at 13.8%, supporting client needs and shareholder rewards.
Record Net Inflows in Asset Management
Asset Management reported record net inflows of €20 billion in Q1, with assets under management over €1 trillion.
Cost Efficiency Achievements
Adjusted costs of €5.1 billion in line with full year guidance, with a cost/income ratio of 61%.