BNG Bank Interim Report 2013

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Net profit BNG Bank EUR 123 million

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In the first half of 2013 BNG Bank posted a net profit of EUR 123 million, down EUR 36 million on the same period in 2012. The interest result – the bank’s core result – showed a slight increase of EUR 13 million.

The result financial transactions came under pressure because of a change in the valuation method of derivatives in line with the valuation now customary in the market; this gave rise to an incidental unrealized result of EUR 27 million negative. The bank also posted an additional impairment of a little over EUR 20 million on a participation.

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