Savings Banks Group`s financial highlights

(EUR 1,000)

1-12/2018 

1–12/2017

1–12/2016

1–12/2015

1–12/2014*

1–12/2013*

Revenue  278 517 331 366 304 340 298 475 295 628 271 235
Net intrest income   152 704 142 176 131 693 125 018 122 022 110 612
% of revenue  54,8 % 42,9 % 43,3 % 41,9 % 41,3 % 40,8 %
Profit before taxes  36 408 88 210 69 603 69 699 63 137 71 074
% of revenue  13,1 % 26,6 % 23,9 % 23,4 % 21,4 % 26,2 %
Total operating revenue  234 670 282 191 245 376 230 531 223 903 224 841
Total operating expenses   -197 718 -182 693 -158 060 -146 128 -143 763 -140 619
Cost to income ratio   84,3 % 64,7 % 64,4 % 63,4 % 64,2 % 62,5 %
Total assets  11 705 740 11 326 105 10 423 646 9 189 391 8 400 544 7 717 389
Total equity   1 028 796 1 017 520 953 402 880 694 841 230 781 086
Return on equity %   3,0 % 7,3 % 6,2 % 6,7 % 5,7 % 8,9 %
Return on assets %   0,3 % 0,7 % 0,6 % 0,7 % 0,6 % 0,9 %
Equity/assets ratio %  9,2 % 9,0 % 9,1 % 9,6 % 10,0 % 10,1 %
Solvency ratio %  18,2 % 19,1 % 19,5 % 18,8% 18,6 % 19,5 %
Impairment losses on loans and other receivables   -3 868 -13 266 -8 411 -6 127 -10 539 -5 859

Formulas used in calculating the financial highlights:

Revenues:

Interest income, fee income, net trading income, net investment income, net life insurance income, other operating revenue

Total operating revenue:

Net interest income, net fee and comission income, net trading income, net investment income, net life insurance income, other operating revenue

Total operating expenses:

Personnel expenses, other operating expenses, depreciation and impairment charges on tangible and intangible assets

Cost to income ratio:

Total operating expenses
Total operating revenue

Return on equity %:

Profit
Equity, encl. non-controlling interests (average)

Return on assests %:

Profit
Total assets (average)

Equity/assets ratio %:

Equity (incl. non-controlling interests
Total assets

Alternative Performance Measures

European Securities and Markets Authority’s Guidelines on Alternative Performance measures came into effect on 3 July 2016. An alternative performance measure is a financial measure of historical or future financial performance, financial position or cash flows, other than a financial measure defined or specified in the IFRS framework. Alternative Performance Measures are used to reflect financial development and enhance comparability between different reporting periods.