Savings Banks Group`s financial highlights

Financial highlights, continuing operations 
(EUR 1,000)
 		1–12/2023  1-12/2022 1–12/2021 1–12/2020* 1–12/2019*
Revenue 644 769 386 394 325 979 337 938

362 701
Net intrest income 263 761 169 610 152 324 160 967 155 619
% of revenue 40,9 % 43,9 % 46,7 % 47,6 % 42,9 %
Profit before taxes 135 529 70 903 77 555 66 740 94 807
% of revenue 21,0 % 18,3 % 23,8 % 19,7 % 26,1 %
Total operating revenue 377 995 305 154 298 715 306 588 321 395
Total operating expenses (excluding depreciations) -232 492 -218 385 -220 021 -220 157 -219 145
Cost to income ratio 61,5 % 71,6 % 73,7 % 71,8 % 68,2 %
Impairment losses on loans and other receivables -9 988 -15 882 -941 -19 760 -8 379
Financial highlights, continuing operations and exit from Savings banks group total:          
Total assets  13 206 415 13 780 287 13 079 096 13 097 063 12 009 105
Total equity  1 137 950 1 178 847 1 190 293 1 155 709 1 118 391
Return on equity %  9,1 % 4,7 % 6,2 % 4,6 % 6,9 %
Return on assets %  0,8 % 0,4 % 0,6 % 0,4 % 0,6 %
Equity/assets ratio %  8,6 % 8,6 % 9,1 % 8,8 % 9,3 %
Solvency ratio %  19,5 18,7 % 19,5 % 19,1 % 19,1 %

* The figures for the financial year have not been adjusted to reflect the distribution of continuing operations and exit from the Savings Bank Group.

Formulas used in calculating the financial highlights:

Revenues: Interest income, fee income, net trading income, net investment income, net insurance income, finance income and expenses of the insurance contracts and other operating revenue
Total operating revenue:

Net interest income, net fee and commission income, net trading income, net investment income, net insurance income, finance income and expenses of insurance contracts and 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 *100
Equity, incl. non-controlling interests (average)
Return on assests %:

Profit *100
Total assets (average)
Equity/assets ratio %:

Equity (incl. non-controlling interests) *100
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.