The following table summarize results vs our estimates:
Alpha Bank | Act. | Act. | Act. | Latest read | Overview | Est. | |
(In Million Euro) | 1Q19 | 4Q19 | 1Q20 | QoQ | YoY | 1Q20 | vs Est. |
NII | 388.4 | 387.1 | 381.2 | -1.5% | -1.9% | 380 | 0.3% |
Fee income | 70.2 | 93.1 | 89.2 | -4.2% | 27.0% | 88 | 1.4% |
Trading | 73.8 | 121.1 | 85.7 | -29.2% | 16.2% | 85 | 0.9% |
Other Income | 0.9 | 6.0 | 9.9 | 10 | – | ||
Total income | 533.3 | 607.4 | 566.0 | -6.8% | 6.1% | 563 | 0.5% |
Operating costs | -262.0 | -351.1 | -259.0 | 26.2% | 1.1% | -257 | -0.8% |
Pre-provision-profits | 271.3 | 256.4 | 307.0 | 19.8% | 13.2% | 306 | 0.3% |
Provisions | -243.0 | -244.8 | -307.4 | -25.6% | -26.5% | -310 | 0.8% |
Other results | 20 | -6 | -9.0 | -47.1% | -145.2% | 0 | |
PBT | 48.3 | 5.4 | -9.4 | -273.0% | -119.5% | -4 | -135.7% |
Corporate taxes | 23.6 | -0.1 | 1.5 | 1600.0% | -93.6% | -3 | 150.0% |
Net profit (continued) | 25 | 6 | -11 | -296.9% | -144.1% | -1 | -992.6% |
Discontinued operations | 0 | 0 | 0.0 | 0 | |||
Net profit | 24.8 | 5.5 | -10.9 | -296.9% | -144.1% | -1 | -992.6% |