Savings Banks Group`s financial highlights

(EUR 1,000)

1–12/2017

1–12/2016

1–12/2015

1–12/2014*

1–12/2013*

Revenue 331,366 304,340 298,475 295,628 271,235
Net intrest income 142,176 131,693 125,018 122,022 110,612
% of revenue 42,9 % 43,3 % 41,9 % 41,3 % 40,8 %
Profit before taxes 88,210 69,603 69,699 63,137 71,074
% of revenue 26,6 % 23,9 % 23,4 % 21,4 % 26,2 %
Total operating revenue 282,191 245,376 230,531 223,903 224,841
Total operating expenses -182,693 -158,060 -146,128 -143,763 -140,619
Cost to income ratio 64,7 % 64,4 % 63,4 % 64,2 % 62,5 %
Total assets 11,326,105 10,423,646 9,189,391 8,400,544 7,717,389
Total equity 1,017,520 953,402 880,694 841,230 781,086
Return on equity % 7,3 % 6,2 % 6,7 % 5,7 % 8,9 %
Return on assets % 0,7 % 0,6 % 0,7 % 0,6 % 0,9 %
Equity/assets ratio % 9,0 % 9,1 % 9,6 % 10,0 % 10,1 %
Solvency ratio % 19,1 % 19,5 % 18,8% 18,6 % 19,5 %
Impairment losses on loans and other receivables -13,266 -8,411 -6,127 -10,539 -5,859

Formulas used in calculating the financial highlights:

Revenues:

Interest income, fee income, net trading income, net investment income, net life insurance income, other operating revenue

Total operating revenue:

Net interest income, net fee and comission income, net trading income, net investment income, net life insurance income, 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
Equity, encl. non-controlling interests (average)

Return on assests %:

Profit
Total assets (average)

Equity/assets ratio %:

Equity (incl. non-controlling interests
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.