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FINANCIALS: Rabobank - H2 2024 Results

FINANCIALS
Credit BulletsCEEMEANetherlandsEurozoneBullet

Typically solid. Marginally below H1 but net income is 18% up on 2023. Continue to build CEt1. Small credit positive.

  • Net interest income and fee income at -€195m and €-191m vs the first half respectively, to total €6,902m
  • Provisions are €292m, which is €-90m on H1.
  • Lower provisions and relatively contained expenses means that operating income comes in at €3,484, just -€113m lower than H1
  • Net Income is lower vs H1, but still represents very solid capital generation of 91bps of RWA.
  • CET1 climbs 56bps on above mentioned capital generation and slightly reduced RWAs.
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Typically solid. Marginally below H1 but net income is 18% up on 2023. Continue to build CEt1. Small credit positive.

  • Net interest income and fee income at -€195m and €-191m vs the first half respectively, to total €6,902m
  • Provisions are €292m, which is €-90m on H1.
  • Lower provisions and relatively contained expenses means that operating income comes in at €3,484, just -€113m lower than H1
  • Net Income is lower vs H1, but still represents very solid capital generation of 91bps of RWA.
  • CET1 climbs 56bps on above mentioned capital generation and slightly reduced RWAs.