Key Figures
| Statement of Financial Position (in millions of Euros) | 2010 | 2009 | Change in per cent |
|---|---|---|---|
| Assets | 38,556 | 41,225 | -6.5% |
| Financial assets | 10,855 | 14,543 | -25.4% |
| Receivables from customers | 22,288 | 21,066 | +5.8% |
| Payables to customers | 21,733 | 22,674 | -4.2% |
| Own issues | 8,867 | 9,279 | -4.4% |
| Eligible own funds | 2,908 | 2,826 | +2.9% |
| Profit or Loss Statement (in millions of Euros) | 2010 | 2009 | Change in per cent |
|---|---|---|---|
| Net interest income | 649.9 | 564.3 | +15.2% |
| Net fee and commission income | 159.4 | 154.8 | +3.0% |
| Gains and losses on assets and liabilities adjusted for non-controlling interest 1) | 155.9 | 138.9 | +12.2% |
| Operating income | 960.8 | 887.9 | +8.2% |
| Administrative expenses and depreciation and amortisation | -618.3 | -608.1 | -1.7% |
| Provisions and impairment losses | -199.7 | -236.7 | +15.6% |
| Profit before tax adjusted for non-controlling interest 1) | 138.1 | 35.1 | >+100% |
| Key figures (in percentages) | 2010 | 2009 |
|---|---|---|
| Tier I capital ratio | 9.9% | 10.0% |
| Own funds ratio | 12.4% | 13.6% |
| Cost-income ratio 2) | 64.4% | 68.5% |
| Resources, as of 31.12. (in numbers) | 2010 | 2009 |
|---|---|---|
| Workforce (in full-time equivalents) | 4,812 | 4,954 |
| Bank branches | 150 | 153 |
| Post office branches | 1,038 | 1,230 |
| Rating | 2010 | 2009 |
|---|---|---|
| Long-term senior unsecured debt | Baa1 | Baa1 |
| Short-term liabilities | P2 | P2 |
| Moody’s outlook January 2011 3) | stable | stable |
1) Under IFRS, the item Gains and losses on financial assets and liabilities also includes the valuation of securities whose risk is borne by shareholders of non-controlling interests. These securities are subject to substantial fair value fluctuations. In order to improve the comparability of the results, the valuation results attributable to shareholders of non-controlling interests have been excluded in the figures presented on this page. Compared to the Profit or Loss Statement presented in the Consolidated Financial Report according to IFRS, the item Gains and losses on financial assets and liabilities is EUR 11.2 million lower (2009: EUR 186.6 million lower). Accordingly, the item Profit before tax presented above is EUR 11.2 million lower (2009: EUR 186.6 million lower) than the Profit before tax presented in the Consolidated Financial Report according to IFRS.2) Operating income: net interest income, income and expenses from fees and commissions, other income and expenses, gains and losses on financial assets and liabilities;
Operating expenses: administrative expenses, amortisation and depreciation on intangible and tangible assets.3) Rating update dated 14 January 2011.