Savings Banks Group`s financial highlights

(EUR 1,000) 1–12/2020 1–12/2019 1–12/2018 1–12/2017

1–12/2016

Revenue 337 938 362 701

278 517

331 366 304 340
Net intrest income 160 967 155 619 152 704 142 176 131 693
% of revenue 47,6 % 42,9 % 54,8 % 42,9 % 43,3 %
Profit before taxes 66 740 94 807 36 408 88 210 69 603
% of revenue 19,7 % 26,1 % 13,1 % 26,6 % 23,9 %
Total operating revenue 306 588 321 395 234 670 282 191 245 376
Total operating expenses (excluding depreciations) -220 157 -219 145 -197 718 -182 693 -158 060
Cost to income ratio 71,8 % 68,2 % 84,3 % 64,7 % 64,4 %
Total assets 13 097 063 12 009 105 11 705 740 11 326 105 10 423 646
Total equity 1 155 709 1 118 391 1 028 796 1 017 520 953 402
Return on equity % 4,6 % 6,9 % 3,0 % 7,3 % 6,2 %
Return on assets % 0,4 % 0,6 % 0,3 % 0,7 % 0,6 %
Equity/assets ratio % 8,8 % 9,3 % 9,2 % 9,0 % 9,1 %
Solvency ratio % 19,1 % 19,1 % 18,2 % 19,1 % 19,5 %
Impairment losses on loans and other receivables -19 760 -8 379 -3 868 -13 266 -8 411

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.