Consolidated profit and loss account

For the year ended 31 December 2019

(before profit appropriation)

Notes


2019


2018

    

Income

   

Interest income from financial instruments measured at AC

 

322,735

298,099

Interest income from financial instruments measured at FVPL1

 

53,524

37,996

Interest expenses from financial instruments measured at AC

 

-136,758

-102,464

Interest expenses from financial instruments measured at FVPL

 

-24,283

-23,742

Net interest income

(20)

215,218

209,889

Fee and commission income

 

7,212

6,636

Fee and commission expense

 

-11,226

-10,757

Net fee and commission income

(21)

-4,014

-4,121

Dividend income

(22)

29,645

28,287

Results from equity investments

(23)

73,277

40,841

Results from financial transactions

(24)

-20,000

-22,239

Remuneration for services rendered

(25)

30,061

29,094

Gains and losses due to derecognition

(26)

3,916

14,980

Other operating income

(27)

1,695

589

Total other income

 

118,594

91,552

Total income

 

329,798

297,320

    

Operating expenses

   

Staff costs

(28)

-90,250

-79,291

Administrative expenses

(29)

-32,195

-23,628

Depreciation and impairment of PP&E + intangible assets

(11), (12)

-7,809

-3,769

Other operating expenses

 

-165

-67

Total operating expenses

 

-130,419

-106,755

    

Impairments on

   

Interest-bearing securities

(4)

-5

-18

Loans

(6),(7)

-91,038

-27,553

Loan commitments

(31)

-1,849

4,265

Guarantees issued

(31)

964

308

Total impairments

 

-91,928

-22,998

    

Results on associates

   

Share in the result of associates

(9)

11,077

-1,696

Total result on associates

 

11,077

-1,696

Profit before taxation

 

118,528

165,871

Income tax

(30)

1,884

-14,738

Net profit

 

120,412

151,133

    

Net profit attributable to

   

Owners of the parent company

 

120,363

150,821

Non controlling interest

 

49

312

Net profit

 

120,412

151,133

  • 1 Amount is related to interest from those derivative financial instruments that are associated with the 'loans to the private sector' and is therefore considered as 'interest income'.