IR update Q1-18

NII:

  • 2 less interest days: -171mill
  • Reclassification effect IFRS9: +259mill. Correction of interest on deposits from financial institutions previously booked in Net gain on financial instruments (trading revenues).
  • Fx effects: -40mill

C&F:

  • Reclassification effect IFRS9: +222mill. Correction of fees from financial guarantees previously booked in Net gain on financial instruments.

Net Gain on financial instruments:

  • Basis swaps: -372mill
  • Exchange rate effects on additional Tier 1 capital: -527mill.
  • Reclassification (see above): -259mill and -222mill

Tax: New tax guiding for 2018 and 2019: 20%.