Savings Banks Group`s financial highlights

(EUR 1,000)	1–12/2021	1–12/2020	1–12/2019	1–12/2018	1–12/2017
Revenue	356 156	337 938	362 701	278 517	331 366
Net intrest income	166 039	160 967	155 619	152 704	142 176
% of revenue	46,6 %	47,6 %	42,9 %	54,8 %	42,9 %
Profit before taxes	89 854	66 740	94 807	36 408	88 210
% of revenue	25,2 %	19,7 %	26,1 %	13,1 %	26,6 %
Total operating revenue	327 566	306 588	321 395	234 670	282 191
Total operating expenses (excluding depreciations)	-236 218	-220 157	-219 145	-197 718	-182 693
Cost to income ratio	72,1 %	71,8 %	68,2 %	84,3 %	64,7 %
Total assets	13 079 096	13 097 063	12 009 105	11 705 740	11 326 105
Total equity	1 190 293	1 155 709	1 118 391	1 028 796	1 017 520
Return on equity %	6,2 %	4,6 %	6,9 %	3,0 %	7,3 %
Return on assets %	0,6 %	0,4 %	0,6 %	0,3 %	0,7 %
Equity/assets ratio %	9,1 %	8,8 %	9,3 %	9,2 %	9,0 %
Solvency ratio %	19,5 %	19,1 %	19,1 %	18,2 %	19,1 %
Impairment losses on loans and other receivables	-1 297	-19 760	-8 379	-3 868	-13 266

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.