Encouraging start to 2023 for the EAA

The EAA’s economic situation in the first quarter of 2024 was largely determined by its wind-up mandate. The EAA’s key performance indicator is the decline in the notional volume of the portfolio. The notional volume of the banking book decreased by 2.1% to EUR 6.1 billion. The notional volume of the trading portfolio fell by 2.0% to EUR 48.9 billion in the same period. The result after taxes of EUR -3.6 million is mainly due to general administrative expenses of EUR 12.8 million and net commission income of EUR -5.1 million.