Total revenue for BIL amounted to €555m (compared to €563m in 2019), while contributions to core operating revenues rose by €3m, or +0.6%, over the same timeframe. 

Assets under management rose slightly to €43.7bn, while loans to customers jumped +4.8%, totalling €15.4bn, mainly due to a 15.2% rise in mortgage loans. 

Given the economic climate over the course of the year, BIL worked with the national government to implement support measures, such as state-guaranteed loans and loan deferrals, with over 2,800 of the latter granted last year. The bank added that a “very large majority” of clients have resumed normal payment schedules. 

BIL also reported a net income of €101m which it states shows “considerably resilience when compared with December 2019 despite the ongoing health crisis and the uncertain economic situation.” 

BIL CEO Marcel Leyers said in Thursday’s press statement that he was proud of the bank’s contribution during a year of unexpected challenges and downturn. “I am very confident that our clients and our employees will benefit from our investments made in difficult times,” he added. 

Looking forward, the bank is continuing its “Create Together 2025” strategic plan and aims to be a pivotal player in encouraging and backing innovation, growing its brand domestically and internationally, as well as developing its corporate banking and international wealth management activities.