in thousands of EUR

Note

2020

2019

 

 

 

 

Income

 

 

 

Interest income calculated using the effective interest method

21

220,741

213,375

Interest expense

22

-22,588

-28,372

 

 

 

 

Net interest income

 

198,153

185,003

 

 

 

 

Investment income

23

449

679

 

 

 

 

Fee and Commission income

24

114,191

112,703

Fee and Commission expense

24

-8,066

-7,363

 

 

 

 

Net fee and commission income

 

106,125

105,340

 

 

 

 

Net result from other financial instruments at FVTPL

25

-361

430

Other income

26

733

740

 

 

 

 

Other income

 

372

1,170

 

 

 

 

Total income

 

305,099

292,192

 

 

 

 

EXPENSES

 

 

 

Personnel expenses

27

134,636

133,887

Other administrative expenses

27

82,072

79,920

Amortisation and value adjustments of intangible assets

28

10,646

10,319

Depreciation and value adjustments of property and equipment

28

18,056

10,293

 

 

 

 

Operating expenses

 

245,410

234,419

 

 

 

 

Impairment losses on financial instruments

29

24,213

3,682

 

 

 

 

Total expenses

 

269,623

238,101

 

 

 

 

Operating result before taxation

 

35,476

54,091

Taxation on operating result

30

-8,273

-15,086

 

 

 

 

Net profit

 

27,203

39,005

 

 

 

 

Profit attributable to:

 

 

 

Owners of Triodos Bank

 

27,203

39,005

 

 

 

 

Average number of issued shares in circulation

 

14,260,146

13,952,803

 

 

 

 

Amounts in EUR

 

 

 

Earnings per share for profit attributable to the equity holders of the parent entity 1

 

1.91

2.80

Dividend per share

 

0.65

-

1The net profit per share is calculated by dividing the Net Profit by the average number of issued shares in circulation during the financial year.