CONSOLIDATED STATEMENT OF FINANCIAL POSITION HIGHLIGHTS
(in thousands of Euro)
AMOUNTS ATCHANGE
 31.12.201631.12.2015ABSOLUTE%
Available for sale financial assets374.2293.221.533(2.847.304)(88,4)%
Due from banks1.393.35895.3521.298.0061361,3%
Loans to customers5.928.2123.437.1362.491.07672,5%
Total assets8.699.1456.957.7201.741.42525,0%
     
Due to banks503.964662.985(159.021)(24,0)%
Due to customers5.045.1365.487.476(442.340)(8,1)%
Equity1.218.783573.467645.316112,5%
 
RECLASSIFIED CONSOLIDATED INCOME STATEMENT HIGHLIGHTS (1)

(in thousands of Euro)
YEARCHANGE
 20162015ABSOLUTE%
Net banking income (1)325.971404.345 (78.374) (19,4)%
Net value adjustments on receivables and other financial assets (1)(26.605)(30.637)4.032(13,2)%
Net profit (loss) from financial activities299.366373.708 (74.342) (19,9)%
Operating costs net of the gain on bargain purchase(202.475)(128.119)(74.356)58,0%
Bargain623.635-623.6350,0%
Group gross profit for the period720.526245.589474.937193,4%
Group net profit for the period687.985161.966526.019324,8%

1) Net value adjustments in the NPL Area, totalling 32,6 million Euro at 31 December 2016 compared to 3,6 million Euro at 31 December 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.

   

RECLASSIFIED QUARTERLY CONSOLIDATED INCOME STATEMENT HIGHLIGHTS (1)
(in thousands of Euro)
4th QUARTERCHANGE
 20162015ABSOLUTE%
Net banking income (1)88.28276.20812.07415,8%
Net value adjustments on receivables and other financial assets (1)(7.113)(7.505)392(5,2)%
Net profit (loss) from financial activities81.16968.70312.46618,1%
Operating costs539.858(47.335)587.193(1240,5)%
Group gross profit for the period621.02721.368599.6592806,3%
Group net profit for the period621.71613.161608.5554623,9%

1) Net value adjustments in the NPL Area, totalling 9,0 million Euro in the 4th quarter of 2016 and 0,6 million Euro in the 4th quarter of 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.

   

Normalised Highlights

Here below are the normalised highlights:

CONSOLIDATED STATEMENT OF FINANCIAL POSITION HIGHLIGHTS
(in thousands of Euro)
AMOUNTS ATCHANGE
 31.12,2016
NORMALISED
31.12.2015
NORMALISED
ABSOLUTE%
Available for sale financial assets325,0503,221,533(2,896,483)(89.9)%
Due from banks1,194,42095,3521,099,0681152.6%
Loans to customers3,638,1763,437,136201,0405.8%
Total assets5,461,4436,957,720(1,496,277)(21.5)%
     
Due to banks509,066662,985(153,919)(23.2)%
Due to customers4,095,4165,487,476(1,392,060)(25.4)%
Equity619,921573,46746,4548.1%
   
RECLASSIFIED CONSOLIDATED INCOME STATEMENT HIGHLIGHTS (1)
(in thousands of Euro)
YEARCHANGE
 2016
NORMALISED
2015
NORMALISED
ABSOLUTE%
Net banking income (1)331,962279,84552,11718.6%
Net value adjustments on receivables and other financial assets (1)(25,023)(30,637)5,614(18.3)%
Net profit (loss) from financial activities306,939249,20857,73123.2%
Operating costs(172,161)(128,119)(44,042)34.4%
Group gross profit for the period134,778121,08913,68911.3%
Group net profit for the period89,79578,63811,15714.2%

1) Net value adjustments in the NPL Area, totalling 32,6 million Euro at 31 December 2016 compared to 3,6 million Euro at 31 December 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.

 

RECLASSIFIED QUARTERLY CONSOLIDATED INCOME STATEMENT HIGHLIGHTS (1)
(in thousands of Euro)
4th QUARTER CHANGE
  2016
NORMALISED
2015
NORMALISED
ABSOLUTE %
Net banking income (1) 94,273 76,208 18,065 23.7%
Net value adjustments on receivables and other financial assets (1) (5,531) (7,505) 1,974 (26.3)%
Net profit (loss) from financial activities 88,742 68,703 20,039 29.2%
Operating costs (53,463) (47,335) (6,128) 12.9%
Group gross profit for the period 35,279 21,368 13,911 65.1%
Group net profit for the period 23,526 13,161 10,365 78.8%

1) Net value adjustments in the NPL Area, totalling 9,0 million Euro in the 4th quarter of 2016 and 0,6 million Euro in the 4th quarter of 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.