Total group revenues, represented by gross income, reached €21,159 million in the half-year, up 16.9% year-on-year. Furthermore, net fees and commissions, which together with net interest income constitute recurring banking revenues, grew at a year-on-year rate of 14%, up to €4,572 million. The sum of net interest income and net fees and commissions, representing recurring banking revenues, reached €19,736 million (up 18.1% year-on-year). As a result of all the above, net operating income reached €13,159 million (up 16.2% year-on-year). Net trading income (NTI) showed a “favorable” performance (up 5.5% year-on-year), with positive trends across all business areas.