Savings Banks Group`s financial highlights

Financial highlights, continuing operations *
(EUR 1,000)
 		1–12/2022 1–12/2021 1–12/2020 1–12/2019 1–12/2018
Revenue 376 108 325 979 337 938

362 701

 278 517
Net intrest income 169 610 152 324 160 967 155 619 152 704
% of revenue 45,1 % 46,7 % 47,6 % 42,9 % 54,8 %
Profit before taxes 84 154 77 555 66 740 94 807 36 408
% of revenue 22,4 % 23,8 % 19,7 % 26,1 % 13,1 %
Total operating revenue 329 059 298 715 306 588 321 395 234 670
Total operating expenses (excluding depreciations) -229 040 -220 021 -220 157 -219 145 -197 718
Cost to income ratio 69,6 % 73,7 % 71,8 % 68,2 % 84,3 %
 Impairment losses on loans and other receivables  -15 882  -941  -19 760  -8 379  -3 868
 Financial highlights, continuing operations and exit from Savings banks group total *:          
Total assets 13 779 568 13 079 096 13 097 063 12 009 105 11 705 740
Total equity 1 177 090 1 190 293 1 155 709 1 118 391 1 028 796
Return on equity % 6,6 % 6,2 % 4,6 % 6,9 % 3,0 %
Return on assets % 0,6 % 0,6 % 0,4 % 0,6 % 0,3 %
Equity/assets ratio % 8,5 % 9,1 % 8,8 % 9,3 % 9,2 %
Solvency ratio % 18,7 % 19,5 % 19,1 % 19,1 % 18,2 %

* Lieto Savings Bank withdrew from the Savings Bank group in February 2023. Due to exit Savings Banks group's numbers are presented separately for continuing operations and exit from Savings banks group. More information on exit in the Savings Banks group's realease of Financial statements 2022. The figures for the financial years 2020-2018 have not been adjusted to reflect the distribution of continuing operations and exit from the Savings Bank Group.

 

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 commission 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 *100
Equity, incl. non-controlling interests (average)
Return on assests %:

Profit *100
Total assets (average)
Equity/assets ratio %:

Equity (incl. non-controlling interests) *100
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.