in thousands of EUR

Reference*

2020

2019

 

 

 

 

Income

 

 

 

Interest income calculated using the effective interest method

52

178,163

185,290

Interest expense

53

-16,311

-21,980

 

 

 

 

Interest

 

161,852

163,310

 

 

 

 

 

 

 

 

Investment income

54

449

679

 

 

 

 

 

 

 

 

Fee and Commission income

55

61,149

56,056

Fee and Commission expense

56

-4,046

-4,534

 

 

 

 

Net fee and commission income

 

57,103

51,522

 

 

 

 

 

 

 

 

Net income from other financial instruments at FVTPL

57

-361

430

Other income

58

753

603

 

 

 

 

Other income

 

392

1,033

 

 

 

 

 

 

 

 

Total income

 

219,796

216,544

 

 

 

 

EXPENSES

 

 

 

Personnel expenses

59

100,419

103,589

Other administrative expenses

59

52,756

55,159

Amortisation and value adjustments of intangible assets

60

10,072

9,534

Depreciation and value adjustments of property and equipment

60

17,164

9,175

 

 

 

 

Operating expenses

 

180,411

177,457

 

 

 

 

Impairment losses on financial instruments

61

20,875

3,644

 

 

 

 

 

 

 

 

Total expenses

 

201,286

181,101

 

 

 

 

Operating result before taxation

 

18,510

35,443

Taxation on operating result

62

-5,612

-10,286

Result on participating interests after taxation

 

14,305

13,848

 

 

 

 

 

 

 

 

Net profit

 

27,203

39,005

*References relate to the notes starting on page Notes to the parent company financial statements. These form an integral part of the parent company annual accounts.