This sector provides finance and operating leases to small businesses and SMEs.

INCOME STATEMENT DATA

(in thousands of Euro)
31.12.201631.12.2015CHANGE
   ABSOLUTE%
Net interest income4,916n.a.n.a.n.a.
Net commission income(6,095)n.a.n.a.n.a.
Dividends and trading7n.a.n.a.n.a.
Net banking income(1,172)n.a.n.a.n.a.
Net impairment losses on loans and receivables(1,510)n.a.n.a.n.a.
Net profit (loss) from financial activities(2,682)n.a.n.a.n.a.
 
QUARTERLY INCOME STATEMENT DATA

(in thousands of Euro)
4th Q. 2016 4th Q. 2015 CHANGE
      ABSOLUTE %
Net interest income 4,916 n.a. n.a. n.a.
Net commission income (6,095) n.a. n.a. n.a.
Dividends and trading 7 n.a. n.a. n.a.
Net banking income (1,172) n.a. n.a. n.a.
Net impairment losses on loans and receivables (1,510) n.a. n.a. n.a.
Net profit (loss) from financial activities (2,682) n.a. n.a. n.a.
 
 

The net banking income of the Leasing sector, which contributed to the 2016 results only for the month of December, was a negative 1,2 million Euro. Net banking income included also the 1,3 million Euro positive impact of the breakdown of the difference between the fair value as measured in the business combination and the carrying amount of the receivables recognised by the subsidiaries over time.

The amount included also 6,4 million Euro in commission expense for the arrangement of the Indigo Lease securitisation, as detailed in Part E of the Notes to the Consolidated Financial Statements.

STATEMENT OF FINANCIAL POSITION 

(in thousands of Euro)
31.12.201631.12.2015CHANGE
   ABSOLUTE%
Bad loans6,177n.a.n.a.n.a.
Unlikely to pay13,622n.a.n.a.n.a.
Past due loans17,352n.a.n.a.n.a.
Total net non-performing exposures to customers37,151n.a.n.a.n.a.
Net performing loans1,198,487n.a.n.a.n.a.
Total on-balance-sheet loans to customers1,235,638n.a.n.a.n.a.
 
NON-PERFORMING LEASING LOANS
(in thousands of Euro)
BAD LOANS(1) UNLIKELY TO PAYPAST DUELOANSTOTAL
BALANCE AT 31.12.2016    
Nominal amount of non-performing exposures78,99741,44046,450 166,887
As a proportion of total gross receivables2.3%1.2%1.4%4.9%
Impairment losses72,82027,81829,099 129,737
As a proportion of gross value92.2%67.1%62.6%77.7%
Carrying amount6,17713,62217,351 37,150
As a proportion of net total receivables0.2%0.4%0.6%1.2%
     
KPI31.12.201631.12.2015CHANGE
   ABSOLUTE%
Nominal amount of receivables managed1,273,933n.a.n.a.n.a.
Total RWA per segment875,153n.a.n.a.n.a.
 
KPI y/y31.12.201631.12.2015CHANGE
   ABSOLUTE%
Cost of credit quality0.1%n.a.n.a.n.a.
Net bad loans/Loans to customers0.5%n.a.n.a.n.a.
Net bad loans/Equity0.5%n.a.n.a.n.a.
Coverage ratio on gross bad loans92.2%n.a.n.a.n.a.
Non-performing exposures/Loans to customers3.0%n.a.n.a.n.a.
Net non-performing loans/Equity3.0%n.a.n.a.n.a.
Total RWA per segment875,153n.a.n.a.n.a.