Savings Banks Group`s financial highlights

(EUR 1,000)	1-12/2018	1–12/2017	1–12/2016	1–12/2015	1–12/2014*	1–12/2013*
Revenue	278 517	331 366	304 340	298 475	295 628	271 235
Net intrest income	152 704	142 176	131 693	125 018	122 022	110 612
% of revenue	54,8 %	42,9 %	43,3 %	41,9 %	41,3 %	40,8 %
Profit before taxes	36 408	88 210	69 603	69 699	63 137	71 074
% of revenue	13,1 %	26,6 %	23,9 %	23,4 %	21,4 %	26,2 %
Total operating revenue	234 670	282 191	245 376	230 531	223 903	224 841
Total operating expenses	-197 718	-182 693	-158 060	-146 128	-143 763	-140 619
Cost to income ratio	84,3 %	64,7 %	64,4 %	63,4 %	64,2 %	62,5 %
Total assets	11 705 740	11 326 105	10 423 646	9 189 391	8 400 544	7 717 389
Total equity	1 028 796	1 017 520	953 402	880 694	841 230	781 086
Return on equity %	3,0 %	7,3 %	6,2 %	6,7 %	5,7 %	8,9 %
Return on assets %	0,3 %	0,7 %	0,6 %	0,7 %	0,6 %	0,9 %
Equity/assets ratio %	9,2 %	9,0 %	9,1 %	9,6 %	10,0 %	10,1 %
Solvency ratio %	18,2 %	19,1 %	19,5 %	18,8%	18,6 %	19,5 %
Impairment losses on loans and other receivables	-3 868	-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.