in thousands of EUR

Note1

2021

2020

INCOME

 

 

 

Interest income calculated using the effective interest method

52

200,766

178,443

Interest expense

53

-21,590

-16,591

Interest

 

179,176

161,852

 

 

 

 

Investment income

54

310

449

 

 

 

 

Fee and Commission income

55

67,814

61,149

Fee and Commission expense

56

-5,571

-4,046

Net fee and commission income

 

62,243

57,103

 

 

 

 

Net income from other financial instruments at FVTPL

57

2,003

-361

Other income

58

2,025

753

Other income

 

4,028

392

 

 

 

 

Total income

 

245,757

219,796

 

 

 

 

EXPENSES

 

 

 

Personnel expenses

59

111,493

100,419

Other administrative expenses

59

63,300

52,756

Amortisation and value adjustments of intangible assets

60

11,551

10,072

Depreciation and value adjustments of property and equipment

60

13,458

17,164

Operating expenses

 

199,802

180,411

 

 

 

 

Impairment result on financial instruments

61

-2,891

20,875

Total expenses

 

196,911

201,286

 

 

 

 

Operating result before taxation

 

48,846

18,510

Taxation on operating result

62

-13,469

-5,612

Result on participating interests after taxation

 

15,382

14,305

Net profit

 

50,759

27,203

1

These are the references to the notes to the parent company financial statements. These notes form an integral part of the parent company financial statements.