Key financial figures

 

2011

2010

2009

2008

Balance sheet (€xmln)

 

 

 

Net loans

2,585

2,269

1,942

1,763

Equity investments portfolio (including associates)

795

688

531

456

Total assets

5,059

4,305

3,772

3,654

Shareholders' equity

1,665

1,514

1,327

1,229

Debt securities and debentures/notes

2,679

2,365

2,180

1,295

Committed investment portfolio

5,874

5,292

4,598

4,182

of which government funds

828

726

721

639

 

 

 

 

 

Profit and loss account (€xmln)

 

 

 

Income

 

 

 

 

Interest income

195

181

177

175

Interest expenses

-48

-48

-68

-69

Net interest income

147

133

109

106

Income from equity investments

46

52

27

87

Other income including services

45

40

30

17

Total income

238

225

166

210

 

 

 

 

 

Expenses

 

 

 

 

Operating expenses

-52

-50

-52

-56

Operating profit before value adjustments

186

175

114

154

 

 

 

 

 

Value adjustments

 

 

 

 

  • on loans and guarantees

-23

-18

-46

-96

  • on equity investments

-36

-11

-6

-28

Total value adjustments

-59

-29

-52

-124

 

 

 

 

Operating profit after value adjustments

127

146

62

30

 

 

 

 

 

Share in the results of associates &  subsidiaries

-9

5

-1

7

Profit before taxation

118

151

61

37

Income tax

-25

-25

-1

11

Net profit

93

126

60

48

 

 

 

 

 

Ratios at end of year (%)

 

 

 

Shareholders' equity / Total assets

32.9

35.2

35.2

33.6

Return on average shareholders' equity

 

 

 

 

  • Operating profit before taxation

7.4

10.7

4.8

3.1

  • Net profit

5.9

8.9

4.7

4.0

Net profit / Total assets

1.8

2.9

1.6

1.3