Net interest income declined to EUR 4,444.7 million (EUR 4,495.2 million) mainly due to the persistently low interest rate environment which was not fully offset by loan growth. Net fee and commission income declined slightly to EUR 1,861.8 million (EUR 1,869.8 million) due to lower income from lending business and payment services. The net trading and fair value result decreased to EUR 210.1 million (EUR 242.3 million). Operating income went down moderately to EUR 6,771.8 million (-1.5%; EUR 6,877.9 million). General administrative expenses rose to EUR 3,868.9 million (+2.2%; EUR 3,787.3 million). This resulted in a decline of the operating result to EUR 2,902.9 million (-6.1%; EUR 3,090.7 million). The cost/income ratio amounted to 57.1% (55.1%).
Net impairment loss on financial assets not measured at fair value through profit or loss (net) fell significantly to EUR 729.1 million or 56 basis points of average gross customer loans (-65.0%; EUR 2,083.7 million or 163 basis points), primarily due to a substantial decline in Romania, but also due to a positive trend in all Austrian segments. The NPL ratio improved further to 7.1% (8.5%). The NPL coverage ratio stood at 64.5% (68.9%).
Other operating result amounted to EUR -635.6 million (EUR -1,752.9 million). The significant positive change was attributable to the non-recurrence of high negative one-off effects in 2014 (primarily intangible write-downs). Current figures include the expense of contributions to national resolution funds in the amount of EUR 51.3 million payable in 2015 for the first time as well as losses in the amount of EUR 129.5 million resulting from legislation requiring the conversion of customer loans (Swiss francs to euro) in Croatia. In addition, provisions were recognised in the amount of EUR 101.6 million for risks related to Romanian consumer protection claims. At
EUR 236.2 million (EUR 256.3 million), banking and financial transaction taxes were again significant: EUR 128.6 million (EUR 130.5 million) in Austria, EUR 23.6 million (EUR 31.5 million) in Slovakia, and EUR 84.0 million (EUR 94.2 million) in Hungary.
Due to the good risk development at the Savings Banks and the turnaround in Romania, the minority charge was high at EUR 307.0 million (EUR 133.4 million). The net result attributable to owners of the parent rose to EUR 968.2 million (EUR -1,382.6 million).
Total equity rose to EUR 14.8 billion (EUR 13.4 billion). Common equity tier 1 capital (CET1, Basel 3 phasedin) increased to EUR 12.1 billion (EUR 10.6 billion), total eligible own funds (Basel 3 phased-in) amounted to EUR 17.6 billion (EUR 15.8 billion). Total risk, i.e. risk-weighted assets including credit, market and operational risk (Basel 3 phased-in) decreased to EUR 98.3 billion (EUR 100.6 billion). The common equity tier 1 ratio (CET1, Basel 3 phased-in) stood at 12.3% (10.6%), the total capital ratio (Basel 3 phased-in) at 17.9% (15.7%).
Total assets increased to EUR 199.7 billion (EUR 196.3 billion), driven mainly by the increase in customer lending volume, with loans and receivables to customers (net) rising to EUR 125.9 billion (EUR 120.8 billion). Within liabilities, customer deposits rose to EUR 127.9 billion (EUR 122.6 billion). The loan-to-deposit ratio stood at 98.4% (98.6%).