KEY DATA ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION(in thousands of Euro)

YEAR

ABSOLUTE

31.12.2010

 

31.12.2009

 

CHANGE

%

Available for sale financial assets

818,507

387,705

430,802

111.1%

Due from customers

1,571,592

1,247,026

324,566

26.0%

Total assets

2,802,119

1,973,411

828,708

42.0%

Due to banks

752,457

840,546

(88,089)

(10.5)%

Due to customers

1,802,011

909,615

892,396

98.1%

Consolidated Equity

206,613

155,839

50,774

32.6%

KEY DATA ON THE CONSOLIDATED INCOME STATEMENT DATA (in thousands of Euro)

YEAR

ABSOLUTE

31.12.2010

 

31.12.2009

 

CHANGE

%

Net banking income

94,430

80,810

13,620

16.9%

Net impairment losses on receivables and other financial assets

(24,444)

(20,218)

(4,226)

20.9%

Net profit from financial activities

69,986

60,592

9,394

15.5%

Operating costs

(40,125)

(34,617)

(5,508)

15.9%

Consolidated gross profit

29,861

25,975

3,886

15.0%

Consolidated profit for the year

18,626

 

17,216

 

1,410

8.2%

INDEXES, RATIOS AND OTHER FIGURES

YEAR

CHANGE

31.12.2010

 

31.12.2009

 

%

Profitability ratios

 

R.O.E. (1)

10.9%

11.6%

(0.7)%

R.O.A. (2)

1.1%

1.3%

(0.2)%

Net banking income/Turnover (3)

1.9%

2.3%

(0.4)%

Cost/income ratio (4)

42.5%

 

42.8%

 

(0.3)%

Risk ratios

Net non-performing loans/Due from customers

2.4%

1.6%

0.8%

Net non-performing loans/Equity

18.6%

 

13.0%

 

5.6%

Solvency ratios

Tier 1 capital/credit risk weighted assets

11.5%

9.2%

2.3%

Regulatory capital/credit risk weighted assets

11.3%

 

8.9%

 

2.4%

Figures per employee (5) (6)

Net banking income/Number of employees

278.6

241.9

36.7

Total assets/Number of employees

8,265.8

5,908.4

2,357.4

Personnel cost/Number of employees

74.3

 

64.5

 

9.8

(1) Profit for the year against the weighted average of share capital, share premiums and reserves excluding valuation reserves.

(2) Pre-tax profit from continuing operations against total assets.

(3) Net banking income against turnover (corresponding the value of receivables managed).

(4) Operating costs against net banking income.

(5) Number of employees - end of the year.

(6) Ratios in thousands of Euro.

RECLASSIFIED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(in thousands of Euro)

YEAR

ABSOLUTE

31.12.2010

 

31.12.2009

 

CHANGE

%

ASSETS

 

Financial assets held for trading

293

325

(32)

(9.8)%

Available for sale financial assets

818,507

387,705

430,802

111.1%

Due from banks

228,013

182,859

45,154

24.7%

Due from customers

1,571,592

1,247,026

324,566

26.0%

Property, plant and equipment

34,309

34,506

(197)

(0.6)%

Intangible assets

3,686

3,916

(230)

(5.9)%

Other assets

145,719

117,074

28,645

24.5%

Total assets

2,802,119

 

1,973,411

 

828,708

42.0%

LIABILITIES

 

Due to banks

752,457

840,546

(88,089)

(10.5)%

Due to customers

1,802,011

909,615

892,396

98.1%

Outstanding securities

-

20,443

(20,443)

(100.0)%

Tax liabilities

4,857

3,938

919

23.3%

Post-employment benefits

1,060

1,055

5

0.5%

Other liabilities

35,121

41,975

(6,854)

(16.3)%

Equity:

 

- Share capital, share premiums and reserves

187,987

138,623

49,364

35.6%

- Profit for the year

18,626

17,216

1,410

8.2%

Total liabilities and equity

2,802,119

 

1,973,411

 

828,708

42.0%

RECLASSIFIED CONSOLIDATED INCOME STATEMENT

(in thousands of Euro)

YEAR

ABSOLUTE

31.12.2010

 

31.12.2009

 

CHANGE

%

Net interest income

27,293

22,171

5,122

23.1%

Net commission income

66,844

52,278

14,566

27.9%

Dividends and similar income

17

17,325

(17,308)

(99.9)%

Net loss from trading

(218)

(16,880)

16,662

(98.7)%

Profit (loss) from assignment of receivables

-

2,243

(2,243)

(100.0)%

Profit (loss) from sale of AFS financial assets

494

3,693

(3,199)

(86.6)%

Profit (loss) from buyback of financial liabilities

-

(20)

20

(100.0)%

Net banking income

94,430

80,810

13,620

16.9%

Net impairment losses on:

(24,444)

(20,218)

(4,226)

20.9%

loans and receivables

(24,209)

(20,218)

(3,991)

19.7%

available for sale financial assets

(235)

-

(235)

n.a.

Net profit from financial activities

69,986

60,592

9,394

15.5%

Personnel expenses

(25,176)

(21,544)

(3,632)

16.9%

Other administrative expenses

(13,902)

(12,108)

(1,794)

14.8%

Net impairment losses on property, plant and equipment and intangible assets

(2,483)

(2,371)

(112)

4.7%

Other operating income (expenses)

1,436

1,406

30

2.1%

Operating costs

(40,125)

(34,617)

(5,508)

15.9%

Pre-tax profit from continuing operations

29,861

25,975

3,886

15.0%

Income tax expense

(11,235)

(8,759)

(2,476)

28.3%

Profit for the year

18,626

 

17,216

 

1,410

8.2%