|
|
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
|
|
|
|
|
|
|
-23
|
-18
|
-46
|
-96
|
|
|
-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
|
|
|
5.9
|
8.9
|
4.7
|
4.0
|
|
Net profit / Total assets
|
1.8
|
2.9
|
1.6
|
1.3
|