2022 integrated report

Accelerating our transformation at scale with challenges of our time

Net earnings per share(1)

  • 2020: €5.3
  • 2021: €7.26
  • 2022: €7.80

Net dividend per share

  • 2020: €2.66(3)
  • 2021: €3.67(4)
  • 2022: €3.90(5)

Common Equity Tier 1(2) (CET1) ratio

  • 2022: 12.3 %
  • 2021: 12.9 %
  • 2020: 12.8 %

Short-term/long-term ratings

Standard & Poor’s 
Stable outlook
25 April 2022

A-1 / A+

Fitch 
Stable outlook
13 September 2022 

F1+ / AA-

Moody’s 
Stable outlook
5 July 2022

P-1 / Aa3

DBRS 
Stable outlook
28 June 2022

R-1 (Middle) /
AA (Low)

(1) Based on the average number of shares outstanding during the fiscal year. (2) Common Equity Tier 1 (CET1), fully loaded Basel 3. Solvency ratio. Capital Requirements Directive (CRD 5). (3) €1.11 distributed following the approval of the Shareholders’ Combined General Meeting of 18 May 2021, plus €1.55 distributed following approval by the Ordinary Annual General Meeting of 24 September 2021, taking into account only the distribution of the 2020 dividend. (4) Approval by the Annual General Meeting of 17 May 2022, taking into account only the distribution of the 2021 dividend and not taking into account the share buyback programme of €900m, executed between 1 November and 6 December 2021. (5) Subject to approval by the Annual General Meeting of 16 May 2023, taking into account only the distribution of the 2022 dividend and not taking into account the share buyback programme of €962m for the ordinary distribution.