In 2019, Banco Finantia maintained the growth of its operations as well as the strength of its indicators. Banco Finantia's financial soundness measured by the Common Equity Tier 1 (CET1) ratio reached 23.9%, one of the highest in european banking. With a profit before tax result of 47.8 million, Banco Finantia registered an increase of 10% over the previous year. This ensures a ROE (return on equity) before taxes of 11.1%, above 10.2% in 2018.

The net interest income was € 61.4 million, slightly above the value of the previous year. The cost-to-income ratio stood at 32% at the end of 2019, which compares favorably with the figure obtained in 2018.

2019

Financial soundness*

23,9%

*Measured by the Core Tier 1

 

 

Client deposits*

+5%

*Compared to the previous year

2019

Financial soundness*

23,9%

*Measured by the Core Tier 1

 

Client deposits*

+5%

*Compared to the previous year

In 2019, Banco Finantia was considered the most sound (financial soundness) and cost-to-income among the 7 leading banks operating in Portugal, according to the 2019 “Top 250 EU Banks” Ranking prepared by prestigious British magazine The Banker.

The Banker study / ranking was based on objective criteria and several indicators were used: Size, Financial Strength and Profitability. The published study was prepared with data for October 2019.

According to the same study, Banco Finantia ranks among the Top 250 EU Banks in Europe for financial strength and ninth for efficiency.

See additional information in Financial information.

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