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ANNUAL FINANCIAL STATEMENTS

BALANCE SHEET AS AT 31 DECEMBER 2016

ASSETS

 

 

EUR ‘000

31/12/2016

EUR ‘000

31/12/2015

EUR ‘000

Cash, credit balances at central issuing banks and post office cheque accounts   1,943,848 1,273,719
Due from banks   4,105,344 4,269,291
a) Due on demand 2,950,526   2,250,697
b) Other receivables 1,154,818   2,018,594
Due from clients   5,474,997 5,672,667
Bonds and other fixed-interest securities   3,999,102 4,060,693
a) Public issuers 1,192,805   1,403,233
b) Other issuers 2,806,297   2,657,460
Equities and other variable-interest securities   3,858 3,975
Shares in affiliated companies   187,767 200,852
Intangible assets   7,310 11,529
Tangible fixed assets   46,962 48,338
Other assets   49,149 109,202
Accruals and deferrals   95,387 99,623
Total assets   15,913,724 15,749,889


LIABILITIES

 

 

EUR ‘000

31/12/2016

EUR ‘000

31/12/2015

EUR ‘000

Liabilities to banks   2,040,257 2,583,521
a) Due on demand 145,388   348,253
b) With an agreed maturity or notice period 1,894,869   2,235,268
Liabilities to clients   8,438,665 8,297,745

Other liabilities

8,438,665    

a) Due on demand

7,431,497   7,453,314
b) With an agreed maturity or notice period 1,007,168   844,431
Securitised liabilities   4,399,037 3,641,602

a) Issued debt instruments

1,849,118   1,562,847
b) Other 2,549,919   2,078,755
Sundry liabilities   22,921 29,887
Accruals and deferrals   151,145 330,943
Provisions   93,248 100,626
a) Provisions for pensions and similar obligations 6,099   2,966
b) Provision for taxation 16,334   37,966
c) Other provisions 70,815   59,694
Subordinated loans (external)   15,000 15,000
Fund for general banking risks   112,800 111,000
Subscribed capital   116,555 116,555
Offering premium   426,973 426,973
Reserves   85,741 84,655
a) Statutory reserves 11,655   11,655
b) Other reserves 74,086   73,000
Profit for the year   11,382 11,382
Total liabilities   15,913,724 15,749,889


BALANCE SHEET ITEMS

Contingent liabilities   44,725 44,621

incl.: Liabilities from sureties and liability from the placing
of securities

44,725   44,621
Credit risks   28,241 25,779

 

PROFIT AND LOSS ACCOUNT 2016

 

 

EUR ‘000

2016

EUR ‘000

2015

EUR ‘000

Interest income and similar income

  302,701 296,041
incl. fixed-interest securities 80,010   91,707
Interest expenditure and similar costs   -225,206 -220,331
Income from securities   11,288 2,203
a) Income from equities, shares and other variable-interest securities 85   0
b) Income from holdings in affiliated companies 11,203   2,203
Commission income   160,342 165,645
Commission expenses   -35,451 -38,863
Result from financial transactions   11,732 20,191
Other operating income   8,719 8,802
General administrative costs   -154,900 -148,279
a) Personnel expenses 100,540   -94,599
incl.:      
- Wages and salaries -78,491   -75,430
- Social insurance -20,501   -18,051
incl.: Social insurance for pensions -10,955   -8,890
b) Other administrative costs -54,360   -53,680
Depreciation and value adjustments on intangible and tangible assets   -10,754 -17,495
Other operating expenditure   -18,729 -11,268

Depreciation and valuation adjustments on receivables and allocations to provisions for contingent liabilities and credit risks

  -32,250 0

Depreciation and value adjustments on securities expenses in relation to financial assets, on equity interests and shares in affiliated companies

  -1,735 -37,600

Income from the release of valuation adjustments on securities expenses in relation to financial assets, on equity interests and shares in affiliated companies

  112 407

Allocation to the fund for general banking risks (Art. 63)

  -1,800 0

Tax on the result of ordinary activities

  -2,615 -8,001
Operating income on ordinary activities after tax   11,454 11,452
Other taxes, provided they are not included under the items above   -72 -70
Profit for the year   11,382 11,382