Gross operating income in the Mid-corporate Banking business improved by 57.2% during the year. This spectacular increase was due to higher interest rates, which improved net interest income by 77.3%, and better performance by fee and commission income, which was up by 12%.
Pre-tax profit increased by 100.2% and contributed 247.5 million euros to the Bank's income statement. Total funds reached 7,922 million euros (+12%), with growth in both intermediation balances (+11.3%) and customer deposits (+12%).
There were 27,712 Mid-corporate Banking customers at 31 December 2023, almost a thousand more than at the end of the previous reporting period.
2023 | 2022 |
---|---|
27,712 | 26,770 |
2023 | 2022 |
---|---|
7,922 | 7,079 |
2023 | 2022 |
---|---|
7,270 | 6,493 |
2023 | 2022 |
---|---|
8,119 | 8,147 |
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