Interim report as at 31 March 2015 approved

Net profit for the period of € 51.7 million (+65.6% y/y), the best quarter since the end of 2012

Core revenues  up by 0.8% on the fourth quarter of last year (-1.6% y/y) bolstered by growth in both net interest income and net commission income

Loan loss provisions down heavily to the lowest level for the last 10 quarters, confirming the start of a period of gradual normalisation of the cost of credit

 Coverage ratio of doubtful loans increased to 41.0% and transfers to non-performing loans significantly down during the quarter

Capital position solid with a Fully Phased pro-forma CET1 ratio  of 11.3% (11.4% Phased in) without considering the effects of the validation of internal models

The Fully Phased  Basel 3 Leverage Ratio of  7.1% (Phased in  7.2%) among the best of the system with LCR and NSFR liquidity indices well over 100%

Attached the full press release.