Amounts in thousands of EUR | Note | 2022 | 2021 |
---|---|---|---|
Operating activities |
|
|
|
Net profit |
| 49,940 | 50,759 |
|
|
|
|
Net profit adjustments for: |
|
|
|
Depreciation | 11,481 | 12,140 | |
Amortisation | 13,908 | 11,687 | |
Amortisation premium and discount debt securities | 9,528 | 10,787 | |
Impairment losses on financial instruments | 8,127 | -420 | |
Interest expense on lease liabilities | 345 | 408 | |
Revaluation participating debt (investment securities) | 663 | -654 | |
Value adjustments property and equipment (incl. leases) |
| 92 | 2,318 |
Value adjustments intangible assets |
| - | 333 |
Movements in provisions | 2,182 | 2,216 | |
Taxation on operating result | 17,144 | 16,390 | |
Tax paid | -13,125 | -19,350 | |
Net cash flows from business operations |
| 100,285 | 86,614 |
|
|
|
|
Changes in: |
|
|
|
Loans and advances to banks | -25,684 | -96,581 | |
Loans and advances to customers | -734,588 | -1,031,478 | |
Debt securities at amortised cost | -236,910 | -166,295 | |
Deposits from banks | -1,271,219 | 793,166 | |
Deposits from customers | 531,268 | 1,537,865 | |
Other operating activities |
| 42,815 | 2,983 |
Net cash flows from operational activities |
| -1,594,033 | 1,126,274 |
|
|
|
|
Investment activities |
|
|
|
Investment in investment securities | -5,866 | -4,998 | |
Divestment in investment securities | 5,428 | - | |
Investment in intangible assets | -16,902 | -14,472 | |
Investment in property and equipment | -2,678 | -2,228 | |
Divestment in property and equipment | 7,176 | 2,136 | |
Cash flows from investment activities |
| -12,842 | -19,562 |
|
|
|
|
Financing activities |
|
|
|
Issuance of debt issued and other borrowed funds | - | 247,868 | |
Payments of lease liabilities | -3,398 | -3,624 | |
Increase share capital | - | - | |
Payment of cash dividend | -44,925 | -9,241 | |
Purchase of depository receipts of own shares | - | -900 | |
Cash flows from financing activities |
| -48,323 | 234,103 |
|
|
|
|
Net change in cash and cash equivalents |
| -1,655,198 | 1,340,815 |
|
|
|
|
Cash and cash equivalents at the beginning of the year |
| 4,422,865 | 3,082,405 |
|
|
|
|
Effect of exchange rate fluctuations on cash and cash equivalents held |
| -255 | -355 |
Cash and cash equivalents at the end of the year |
| 2,767,412 | 4,422,865 |
|
|
|
|
On demand deposits with central banks |
| 2,581,140 | 4,277,589 |
On demand deposits with banks |
| 186,272 | 145,276 |
Cash and cash equivalents at the end of the year |
| 2,767,412 | 4,422,865 |
|
|
|
|
Additional information on operational cash flows from interest and dividends |
|
|
|
Interest paid |
| -13,237 | -40,735 |
Interest received |
| 274,668 | 244,243 |
Dividend received |
| 616 | 310 |