Outlook 2016

We maintain our outlook for net profit for 2016 to be in line with net profit before goodwill impairments in 2015.
On net interest income, we now expect somewhat less pressure on margins for the remainder of 2016, and we will benefit from volume growth and somewhat lower funding costs.

In the light of weak activity levels and uncertainty in the financial markets, we now expect net fee income in 2016 to be lower than in 2015.
Our outlook is based on the restated financial highlights for 2015.

Our ambition for a return on shareholders’ equity of at least 12.5%
in 2018 at the latest remains unchanged.
Last updated on 21 July 2016


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