and Thank much, quarter from very me warm takeaways. you a And welcome XXXX. disclosure Ilya, begin first also the my key the of side, with let to results
XXXX. we excellent we some million in As why couple of terms of in result always, call quite and it an the posted which an million a quarter, also have have, actually of that well, we the things down fact one-offs. And are EURXXX in excellent this the reason first result quarter is EURXXX in bringing the remarkable
the me Let latter. explain
by of characterized is which taxes this paid have EURXXX also X And this fact that the this quarter taxes in as This million in quarter. traditional, bulk means are amazing this quarter. for amount. that all, quarter, true is bank an the we First bank of paid the is
taxes, profit becomes after this of number bank the quarter been then sudden, exclude then And tax. million those out around different. have If €XXX you of would completely the would a
into this becomes the exclude the if would particularly one-offs, of also the which picture in matter are then fact, -- a completely different. As quarter, we
which one-offs, the you give I'm referring me to. Let
COVID we staff, this booked have quarter the job time. million, of extraordinary very year is reflecting to and our XXXX we and difficult excellent out that done EURXX paid the an all, at of have bonus this in First which
And here Brussels, we have on of related transaction million EURXX Ireland, have are EURXX million. write-down we headquarters is to million. couple put of the also in in that, building totaling that to sales the EURXX in Next a sale one-offs, which a
into Europe, very the inflation a impairment buffer EURXXX prices, the Ukraine, explain talking EURXXX would Now war situation of that buffer into we then others, this impact that side, commodity on have buffer the which means, completely that we is million. of numbers, the EURXXX is also reflecting the all If a will then a and we we I later becomes which million put if the number put is bring EURXXX million. on bring reason, as different in in then in Russia all we forth. And safety energy sudden well about that we of in total difficult million safety account, for that one-offs. picture. a war safety price, And indeed amongst in of and so are on that and the are
a the one-offs, with completely XX%, picture would last out has just So that's I then the between of and would which and and apples of picture comparison with different. very indeed I quarter quarter profit X this compare the I will the year, X make I And year means becomes X-X if a that grown strong and apples performance. percent, take highlighted,
excellently. it commercial the first translated me strong been summarize P&L in in explain sentence, one all performing in machine the activities is performance have Well, that can of all, our extremely countries all our in I let Now underlying how numbers.
on a quarter. growth boosted of the the our First loan we all, mortgage the on book, we the sales commercial side, of both side on X% of and had
We in quarters our ever and best in terms asset increase strong have management. We deposits, sales one of the a had X%. our of
entirely in almost we fact, of matter a As X outperformed year quarter. XXXX have top the
year. is this now targets a all next the stellar indeed responsible our realized full also we investing The of already performance. think that, I to have --
sustainability So more on with unit in Life on that X% also than non-life insurance insurance we're has a was business the side, perspective, growth. XX% linked things doing business The performed tremendously excellent. And up long by on the despite side the stands the on at fact were only ratio XX%. combined year. then for windstorm we a worst that insurance the very hit period, the
there because the as for the done performance costs COVID is on than and IT the I lower think costs so same stood a the under past well last bank it in was stellar it's reason, is indeed cost/income remember, matter compensated XX%. bit year, stellar little stands in side, fact, fully on are low Why the costs, a maintained is of it the taxes have ratio which we as and costs travel level control. year XXXX, before normal, like And forth by cost which and investment a Regarding at now performance, the costs of that maintenance, were lot a which quarter. so
be legal not the I equity XX.X% in surprised the impairments ratio, ratios at of capital very our terms on safety than including at is buffer return and will You liquidity of on requirements. a the say stand extra the above XX% when more solid XX%, that again the EURXXX million
already course, a me a -- has And and it very society war quarter the of KBC. follows, it the So strong the say on fact of consequence, that and quarter. can indeed results it perspective, our very is in also that the let or impact, I a see highlighted, page, strong that next as on you Russian-Ukrainian it is was on as
KBC the of straightforward. be board impact, impact direct me X. is The the across Let immediate
if have direct had. have which don't look But any into we I impact yet. the we So exposures,
the hand, Ukraine. nor So we already know, has exposure no to nor disclosed on that direct fore you to as KBC Russia, Belarus, nor to
only stance, our put provisioning. is perspective to million, only that is activities we and indeed to EURXX transfer X we the [indiscernible] Russia, is So trade in limited is some services finance and which But to that some have thing X. we therefore, risk that and
We have countries, other account into on. Ukraine certain core just in taken which on loans, Belarus, loans to explain our back to that. taken our we've are will come countries, and I'll loans a not that or the philosophy, on, I in later customers in later or have which to provisions but Russia Russia our other also to we detail that
Regarding the exposure. no insurance side,
no exposure, management, Asset correct let me myself.
Cyber under than to total it taking we have of Russian the are Ukrainian can full here was at I are more perspective past. easily measures, the in Risk, given in and exposure We attack under EURXXX,XXX assets, which and assets X. not management we translate this recent
XXX GDP went active bps, to where that taken. -- the negative XXX as on impact have of occasions be the guided measures impact expect on been that's there but XXX indeed, a additional default. GDP into direct a an it growth default. also the XXXX impact bps. And preventive and already measures area, on We been of the concrete, consequence, be do X.X%. will Sberbank very of the then for all perspective, countries that they of bringing in we the euro that So the growth are To different impact previous their in for fact and And Europe down have -- conclude our between -- the subsidiaries
the perspective to to the stepped contribute in that guarantee fund Hungary was sector that in perspective exposure compensate Sberbank that had given default, deposit deposit X, but in went that guarantee and Our for fact the into fund.
that in into of of increase EURXX bank million, compensation account which stake taxes. taken was Our the is the
we buffer, the So which for go I that set aside later the side lending into exposure about the detail on. is what safety on on the Russia.
the overview and In see solvency terms of sustainability see is of you the the our zones. where in green you digitization that dark targets, Page and X, KBC profitability, can
KBC first that is our little principle, nearby on our are blocks performances constantly that building And for European on in the indicating obviously, in where other showing the diversification level can well. we're But bit the the in actually indeed future, it's asset I Group. increase Page global a quite the we are by increase XX-XX the of here of sure, debt we well. And results. of with recalculation interest balance in a are of The in rates, So driven overview you a exceptionals the income, and a X will also insurance is an starting X performing if diversification that the also, the X X. the see say Page the performing is KBC indeed level side. on quite perspective, interest change management diversification income, the last you I good but will highlighted already do gives
XX, you dwell on a totaling the as fact in, I a the to of Mind total, going the the insurance insurance see side, is now to on that banking impact of very split-up tax bank indicated, the and bit million the not staff biggest due up of is side, banking is million I'm On there the manner. on kicking significant the a There's contributions. is consequence. in XX% Page the impact and you, EURXXX this. bonus. as obviously But EURXX it between can So more which
Okay.
income news. What perspective, that serious interest that more continues about to to Now indeed net announce is can rise. stuff. And we good in interest income,
quarter, is have this We the by X% an XX% of X the on things. on increase and driven year,
EURXX total the the exit on book which very is the This the of instance, for still X% on strong growth on portfolio. on fact Ireland, are lending our is we mean exclude, the lending year. a The would we book. that loan I if start of all, book. is First growth loan on of X% quarter, to billion the
to to about be would would exclude X.X% that, growth. the numbers start significantly you decide If better, speak
and of more retail the loans same. it's less the up split terms loans, between In or commercial
of of partner X% February, are in were of a is this the we were X% very the indeed shows also no countries all in XXth and customers, haven but could by given that smaller longer for a news, increases, So of lot lending strong customers see business. where different interest Ukraine, countries. when year, banks we bad rate present We in performance evolution growing indeed on indeed the the a each, that on is Deposits lot that of of stellar KBC growth clearly the also about a clearly year, of X% is lot safe KBC at it's the that again considered countries invaded it a Russia as shows customers, as the which region. well-trusted in a
margin Hungary and gone up the to moving In basis by fact the a upwards. this X now with rates points, that is terms net see also on interest points, in we our quarter Republic Czech this driven are XXX basis in stands extent, at growth, the has of policy primarily that lesser in interest and
that fact competition a for other and still KBC And little down, the For course, instance, that countries, market it growing very growth slightly downward and of the strong. is is went of also a the consequence, this And Eurozone bit is Belgium the its due share. mainly mitigated interest that, margin. net book our margin, defend in as to
Czech say contributors its upon In build to terms what in other of net of by monies short-term cash of driven continue happening that it's I rates, the we to on charging interest that up definitely the in also KBC grow continues Republic income, and policy is and can EURX.X in to a the clearly billion. management, billion, rise went current which terms of is accounts EURXX.X our negative
the and can negative that strong financial quarter the under say a the assets fee management. this the of it on was despite terms a was very impact income, had markets I because indeed fact again In commission
So decline assets of market under generated management, EURXX turbulence on billion. the a the
we of number, a total decline the EURX net side. the as number the a on contrary our And sales grew book our consequence, Now billion. in is
back that detail. me Now come let to in
significantly. So grew our first all, of we book
In quarter. terms billion of in inflows, we inflows of net had EURX.X this
actually As net last in quarter. net booked that EURX.X we weeks the that remember it net quarters means, of in X you had is XXXX. this quarter. a that And fact, what to express in of then was inflows as billion in as inflows of much matter every first mainly year, And the inflows X
in a the the of stellar under We a war, KBC see, also indeed investment March, Group after is declining this positive had after little of we in bit the So war. But the course, inflows inflows result. product net still, the side. start
percentage management commission was of under fact of the management are calculated fee So on under a decline side. the fees the and It assets fee that up significant was because revised of was the management assets entry downwards. that and business those as
business the generated course, very and fee compared of so to payment quarter and business we is that, pack, and terms but other very, because Payment through In you, X/X good the terms down so business to fourth related of so is period quarter, the of traditionally was yes, forth. contributors, know X/X slightly forth. is to in asset fees previous of on of on credit payment the manager and mind so Christmas
fees If previous terms record a so a as you to million significantly year the again, the year XXXX, trading related very year normal the means have up so year. despite out quarter record record and the in territory. on coming which is fact, a in Credit life compare good XXXX. the that fees of business back the business perspective, same up that on year EURXX it's on was and up And our obviously. fact was, were payment with payment that lockdowns to what a COVID forth. we least is and that matter then XXXX, quarter, going at And of of securities
started in platform better, have Belgium X%. the seen flowing the instance, on, and customers even with number quarter in Bolero for we of This trade
the We and rise seen can said be in in have trading transactions platform Patria and about in with Republic Hungary. the Czech the same XX%,
very doing is actually that great. So
the -- distribution with do compared to down quarter, to previous of terms the fourth seasonality the went has it of In costs quarter.
linked boosting insurance with then the are you the compare you on up pay and, sales your more EURX strong is million, it -- growth sorry, security to a that on see If it to of that slightly insurance can if commissions fully paid year, have previous side, you is and have business that fact those course, the you commissions. is
and into up number. premium driven with was up with earned is amazing that premium let business, is European and immediately the go indeed on that This Central the more X%, Far insurance -- insurance and Now is me non-life business an written that by X%. the went countries. Belgium important
perspective, had that in this bank insurance windstorm that indeed pay we is What model to the So in quarter, off. continues big in Belgium. true is also a
biggest insurance As already of in we this about, a business. the one is fact, I it's it, I it years introduction, remember, and mean, the one. XX what the can almost I'm of matter is the in said at least biggest one
of to our type million kicks So in mean, is a that this million then that XX,XXX claims it was windstorm million, and structure be in overshoots at we as contract. will EURXX well, account limiting I it the of about provisions, or perspective, reinsurance reinsurance Group totaling And down claims at end. EURXX obviously take more captive priority in, quarter into claims Re less EURXX net claims. the
extraordinary those So given the of XX%, the claims, and combined is ratio if combined an ratio you increasing to then add to other numbers to result impact storm. which is the our
in countries, around the ratios rest combined let's to is all Now or all are involved major countries It and hovering the countries fact that ratio were that again in XX%, how all come low. claims XX%. XX% good? quality in has underwriting the the It on the claims the say, regular quite do that shows the combined normal the with the portfolio, because of
years. indeed period a is that over good token So long a of underwriting of
be to fourth aware quarter, driven you top In quarter We need effect driven terms the sales. the in no see that compare on here. seasonal. of returns also surprise downward of Belgium, low is a you if a by do in rates having sales, mainly that in it on quarter course, big the that And tax Belgium. life perspective, is are Eurozone, the always interest the Definitely, and sales that is
compare business is indeed, which are not amount lot. EURX a previous lot unit-linked difference million, talking XX%, previous to year, So there Positive exactly yes, that a of a say -- is with about which increase. that's the if with grew sorry, XX% it the quite you if grew and same you it at grew, a news we significant only on is quarter, XX%, it's compare it it
is life the the million on in increase things. where financial fair X unit-linked Other news good driven is the a EURXXX quarter. So performance significant insurance quarter, totaling of now see That's by our mainly do sales up. we on instruments at this XX% value,
I of a in it's all, quarter, market, obvious, the first rooms, of million which dealing in increase EURXXX compared performance numbers, all, the a in mitigate this helps volatility are lot the using dealing to lot the rooms year. a in impact. them because customers hedges EURXX previous increase million round First obviously, order of previous XXX compared had stellar Reason to quarter. to
Second is and the the of spreads, currency customers. reactions course, of shift which rate yield thing the the upward our cost of triggering interest is widening of curves
more big second fact impact indeed increasing the upwards ALM and amongst the EURXX year. things, into derivatives. million. and the run net contributor at now income has that as other is ALM mark-to-market rates the EURXX XVAs which the about quarter, HUF stands higher compared that -- What significantly equity on mean, This we've is bit or with are there. I is our the last million, million announced do the accounting, of others, than neutral quarters, rate, EURXX which the time hovering any the moving a spent to previous positively On mark-to-market other million, to at the to EURXX around got of are derivatives, not the less put normal is has All that, hedge which we of
let's We as it's so too because that a time at important not are waste it's here EURXX, not overshooting slight rate, but now run much such.
Going excluding and one-off the bank into the the items the quarter-on-quarter. decreased taxes Well, side. cost cost
indeed So the good news. that's
well. the there, cost previous it think performance more much is sense Also also it makes I extremely actually compare to to year.
on and exclude FX million, you So where the bonus, staff million the comparing amongst our one-offs, as then rise, year, the the others, year, are, see only if X% was taxes, exclude if the X-X, look extraordinarily we which that are will effect up costs bank the EURXX low. said, a COVID are at which you I you on EURXX with you
which So than in the are guidance lower perspective, even on gave beforehand. we that we
stands ratio cost/income taxes. XX%, our the now at all So bank excluding
year, If year, XXXX. you compare it year was it full with XX% in last last
but last the year, around compare could with over if also the actually or ratio at excluding XX%. is improvement. which XX%, you normally what you If spreading taxes, then to expect, it it cost/income an compare stood there with uniformly the bank you And not goes year, it it
perspective, So quarter. able that in showing the significantly been we our in it's have indeed, manage costs this to downwards
Now what in. is year inflation that kicks see We in and quarter the in in going by kicks what well, was forward going inflation to more significantly than happen, budgeted KBC. this originally the already first
side the and perspective, might quarters in and interest policy reviewed only rates, income. according expect and be of upwards. to of because sorry, costs also in rates income going rise, of and then the good is costs upwards, inflation, fortunate the So indeed the because plan the is course, a side come. will to be cost a then, and translated indeed, in forward, The is you sales increase of And of or move raise [indiscernible] that the thing that be that not of reviewed continued strong that will but will the a
reviewed given ago. have can have in will which say of is fact, a As at year, way what of positive And reviewed. about more it we what the a the what which be this then cost-to-income course, evolution I ratio we already look months will if of be, given as the today guidance for guidance X is announced, matter have the we that we
in to after express the was reviewed is linked this jaws, guidance terms which the original to quarter. So it of jaw, positively
for every is of bank XXXX long-term interest further will crucial more significant impact. evolution our Page is of and taxes, this guidance and inflation. Coming element where the second detail country. XX, until also perspective. of means mentioned now the the that insight because the We that different than rates insight on guidance, the evolution back the have on quarter of have OpEx that also is in results, will we on this which give more war XX% bank I back And we to will then already taxes, a of
into have have me that side. You million the EURXX can book, at on immediately What we look is go that Page impairment -- if numbers of But XX. is perspective let the you releases. the crucial we in read underlying
EURXX So impact on logical and releases which releases, of Belgium book, traditional million driven if Republic. regular is COVID is on regular of have also extent, conclude our anymore the book, we to there that Czech mainly perspective, immediately that group. lending on can by in a we In is book our the lesser no it that
release of end consequence, of stood last a COVID The buffer. buffer have EURXXX course, the million a As the we COVID at year. at of
down indeed, releases, release. call principle, run buffer after down, as of we releases million as when left. a, a impairment sectors let's as -- now which EURXX for months, EURXXX left of And which consequence EURXX EURXX because moratoria vulnerable exposure the and in that months. highly million. the COVID COVID COVID million in X of moratoria. of COVID impairment have statements we of that also that the government million which releasing potential what still extra are buffer, the set million sales in the evolution I reason, know, X That means aside EURXXX we made X-X said, where say And EURXX it, a an have critical, we November Ireland, as about the for that for is on said, million, loan We buffer, means, the probation just period wrote methodology, we you Hungary, can in We transaction And the buffer. in has, we X-X, then extra keep a on is I
is evolution is have important world, the X. in potential risks of terms -- impact by going most and the evolution on reconsidered the by Yes, the so our thing. call on position the credit prices happening commodity European high, what as is given we fallout the the Russia of crisis, the see given we impact can the with The Let forward? negative me Now Inflation in what potential and it, of most you going invasion XX, of the let's detail. also invasion, of impact important growth, is, start impact our COVID thing the Ukraine is in speak, forward. but the emerging Page
Going forward, we have up. And have Page of sort on consequences. split full potential the you XX,
So on is the impact, the direct answer X.
in We have Ukraine. direct Belarus no subsidiaries Russia, countries, the and
finance Second trade commercial you that thing exposure decided no exposure, is We which which million in stance good a put is, look have at There been we in as stance. is EURXX our very a if transfer I immediately think that million, is trade to sovereigns. Russia. finance, a understanding, therefore, on The exposure. and has into on write-down, conservative risk Russian EURXX is
instance, and so Hungary forth, then and in for doesn't itself direct which is instance, effects? and is are the an stops, to, which Republic those on get we country clients to terms exposure, generation terms or sales, for about profit our those happen. secondary at but or country thing Second direct made of lending XX%, on clients, whatever effects. principal than an stops in in secondary or What So we companies Czech analysis Belgium so of more
resulting from immediately took a book. stance, we For exposure, a companies, those which sorry, is on we is countries our exposure, -- And and account which P&L X. conservative for billion into outstanding is EURX The of hit very total that we which into took took that the calculated stage portfolio, on then EURXX extrapolated. at million, total analysis EURX we those detailed billion, which a charge goes
for non-retail portfolios much supply and impact? potentially how bottlenecks, assumption potential so are forth. What forward, on this hit. the And true and the over terms energy rates the higher on make the time in is is That of Let's In terms prices, is what our retail and going of so is of secondary there. be us. effects the rising could which all both let's of an book impact interest and coming see
extrapolation, terms totaling on an lease took in once we calculation, EURXXX to our a exposure came provisional analysis of then again, which and detailed EURX.X million, Now exposure same million. EURXXX ahead on we outstanding portfolio an philosophy, billion of in
said, is are things, As on as reality speak, I this Stage those which C All I because put conservative X. mentioned X. into a is the exposures, and stance we quite D
an So extra we account do take buffer EURXXX million. of into
together, credit X.XX, million if the our million, very million, conclusion we resulting EURXXX a going releases of of cost is that low. X-X, then to is the So you cost in things come minus minus down indeed indeed all EURXXX which credit combine EURXX with ratio
of couple a Ireland, I terms which we accelerated into of on in things, impairments further as other In into impairments. things said, also but goes cost,
impairment also means of now, ratio million of is Ireland. loss on that cost but So impairments EURXX intangible intangible and then that credit and in course, by triggered drops loan to million. book we EURXX assets, EURXX road ratio have the on non-performing the X.X% estate the pulled the book, Ireland real impaired loans The forward and it the of low only sale is, in quarter. Totaling not million of for this the
the that about again. X% highlight XX, and But XX, let and XX, a explained on and spoke already commercial significantly. fact detail, the Page which XX, repeat I'm the our second ago, X% sheet see, already side, then me so see is grew retail yes, back XX, going deposit not Now side. that to on on we the XX, balance you book again, on that I XX, I pages
on I page not front a going sorry, Page -- can XX, to me. speak of in have You I'm
means the all decision having other that on which book. strong the you the indeed the significantly book Clearly, took at is you of the both the we out line then pick look commercial to on growth exit see countries the retail country. X levels And the obviously and high can consequence are growth. that in So where -- Ireland, your favorite country you which
So I'm into a of go us little bit save not detail the with time. going to every country more understanding a that good
that of ratio KBC into KBC us positions new that solvency quarter. liquidity Pillar and requirement posted the CETX X account the go contribution has let also And takes Group. this profit So into basis points. of Group XX.X% obviously taking XXX account the The of to a
why down reason it the is Now came twofold.
because of activities. increase bank strong take volume the that -- market and that performance by EURX.X of assets. of driven to the increase the in a to had EURX.X which risk-weighted of the risk-weighted of the the billion taxes assets all, we of to into growth that, impact translated obviously Risk-weighted side the loan is increase of is capital billion, an by of single assets account have go. one First fact up mainly negatively and the went On top million influenced EURXXX we at
deduct If V, exclude that, indeed ratio even KBC strong strongly the is if levels. showing has a the north would you capital the CRD the take that see XX, Page XXX OCR. OCR you all those -- then of of of you The anyway buffer. MDA detail very could MDA XX would account On go and levels, above bps, of which into XX.X%. composition And you levels would Article the it's CETX then
skip Let's that.
X see the XX. ratios at Page and XX, on You Page leverage -- you sorry, capital ratios see the
short-term position, indeed 'XX the between opportunities, and 'XX by to the income. use For net good which the can repo and see market, money which our are cash market understanding, drop, driven we obviously you interest underpin money
ratio if to back the perspective, that we cash to leverage have exclude the positions, which have, go in then So would X.X%. you would
factor, buffer We me highlighted XXX%, Slide for insurance strong. in on the quarters strong ratio. that super that is very course, way the points all put is but this a increase the contribution there strong on slide, things by influenced of the driven is correction this positive come And mean Liquidity Main is the which Solvency the triggered XXX%. how a already at it which interest which this the adjustment stand companies, fact indeed market solvency the The short safety is by performance. rate million. by strong is driver XX term, we ratio increase, then of I one up of It the and also in is XX. of the rates, the performance, that terms is the is sum II which is decline the midterm, In interest contributes XXX%, is equity to counter-intuitive, the EURXXX bank let I and percent. contributing. is of sounds calculated, a is -- now negatively to fact taxes symmetric indeed a
If like with year. have forward, area. Kate Kate. out we that the our customers into it's her What single if one-offs, you it at bank taking X check solvency not Clearly, the quarter used that start reassuring also look which interactive with XX% And users account communicate into liquidity is modes. of is things Kate very not bridged X.X About last the by users the same highlight up question take up. million I digital XXX% in then assistant year-on-year. a but our in also European you and would go an transaction, XXX% X What growth, and step In started Customers do are this comforting terms is to a if last flabbergasting, only what perspective even very -- Kate not to interactions, out more million in milestone, you but using million we sales. take meanwhile, is but increase a conversation they are Kate, also compared communicating tax, Kate, customers more And it's is up the another that our in happening is Kate in our is to of and asking like is completed only giving is is going to hell. strong more. it active a a who to interactions position, the also, have growing Kate then in and -- also quarter that X least, of picking express
sold first If digitally. at Republic, use products the But have which to is you you consumer look in our individual, standard time projects this vast is than loans, the Czech majority year if accounts, these idea, you private of already what sold products, more we XX% you anyway ever. the of XX% first give standard -- current digitally. of quarter are one is the are standard those the product the in This are more a than
the and address that with answer without human to you you of autonomy Kate autonomy of gives and means the Kate, idea, give Kate question, an terms a In solution you interference.
was the are she than autonomy stands of which XX% better the at somebody to because originally interfering, without XX%, from means you all Kate. target the we the now anticipated that or asked that call idea, which can is XX%. center So questions an network answer the To much give year-end XX%
So like is hell. growing this
in to fundamental is the what bring is that is going to to going I Well, is bring what future? one war. forward, the unknown was going there war. Looking
the the the saw but fourth be crossed indeed of an will can not we but base will that war indeed last a it rate and the the have the escalating the will negative will the We in National quarter, war. reactions see translated concrete And hikes already negative saw rhetorics that Hungarian of fingers third It indicating our definitely quarter numbers the third XXXX economic Bank. reactions saw on We that we this keep In reaction our the case last for also It National have go different a Well, X escalate. assumption, will What the days the guided months, will central in on quarter. impact not and on on the Let's those banks. indeed and be the is of then reactions the things already guidance? impact are on Bank. of reaction the impact inflation. and ECB, weeks Czech are of we of We the fab, XXXX. expected growth. into assume
course, is, already call, impact during on the I the indicated of those significant numbers. As
higher than it, slightly going cost And that income go be It will strongly be Let's indicated. the have thing what net face the fortunate will we indeed costs is interest than up. will up more side.
fact, the previously be will easily guided is matter that improvement that a And there same an growth say way, currently is what income the in that between I cost XXXX. growth guided. can difference and As the of for the year
will better in be they were what jaws the So XXXX. than
in -- put basis a net sorry, of the we is, the of as in terms because terms Well, points. interest In guided which we EURXXX ratio, cost of buffer credit net interest not million, XX now single in but guide buffer a of not penny is that XX credit a XX higher We of which ratio, is used said, bps, yet. I EURXXX put below a cost We than million. bps. income,
and the the the on we more Also then For through the also quarter concrete in the adapt guidance have back of there that questions for I for good in understanding, your and with side. understanding, Ukraine. I floor second situation situation, was XX And terms results. have previously. XX, keep cycle the would evolution to will of continue guidance the from we it the opportunity insights back give to XXXX the will of to monitor and of like
