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.