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Renta 4 increased its profit by 10.8% in 2019, to 17.8 million euros

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Income 4 Bank got an attributed net profit of 17.8 million euros in 2019, 10.8% more than in the previous year. The entity has recognized that this exercise has been characterized by greater pressure on the accounts during the first six months and a final stretch with "a significant improvement".

In the first half, the net result was 6.4 million, while in the second he obtained 11.4 million, 76% more, as reported in a relevant event referred to the National Securities Market Commission (CNMV). More specifically, in the fourth quarter it reached 5.6 million, an increase of 38.7% compared to the same period of 2018.

The bank exceeded solvency requirements with a capital ratio "CET1 Fully Loaded" 16.67%, surpassing that of the same period of 2018. On the other hand, the Return on Capital (ROE) amounts to 19.14%.

INCREASED ASSETS BY MANAGEMENT BY 13%

Income 4 accounts also show a 13% year-on-year increase in customer assets under management, up to 10,546 million. Analyzing each asset, the assets managed in investment funds amount to 3,438 million, in Sicavs, 1,166 million and in pension funds 4,157 million.

It also managed to increase the total number of own network accounts to 84,227 customers, almost 4% more than a year ago.

. (tagsToTranslate) Income (t) increased (t) profit (t) 10 (t) 8% (t) 2019 (t) to (t) 17 (t) 8 (t) million (t) euros (t) Category : All (t) Category: Company News (t) Category: Europe Report (t) Category: International News (t) Category: Pulses (t) Category: Pulses Europe (t) Category: Sectorial: Finance



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