In 2013, the result of operations for the year comes to Euro 155.3 million, which, in comparison to the prior year result of Euro 127.4 million, is up by around 21.9%.
Shareholders’ equity at 31 December 2013, inclusive of net profit for the year attributable to the Parent Company, amounted to Euro 818.7 million compared to Euro 821.2 million at the 2012 year end.
Total customer funds under management rose at the year end to Euro 18.5 billion, up in total by Euro 0.4 million, equating to 2.4% of the prior year figure, attributable to direct deposits (+6.5%), while indirect deposits fell slightly by 0.3%.
The direct deposits balance at the end of 2013 reached some Euro 7.8 billion, representing a positive change of some Euro 0.5 billion (+6.5%).
Indirect deposits, of a total amount of some Euro 10.7 billion, fell in the year by less than Euro 0.1 billion (-0.3%), due to institutional customer deposits that were down by 2%.
Main economic and financial data
Assets
Assets
Changes | |||||||
---|---|---|---|---|---|---|---|
Amounts in thousands euros | 31.12.2013 | 31.12.2012 | abs. | % | |||
Total assets | 9,270,291 | 8,862,993 | 407,298 | 4.60% | |||
Financial assets | 1,607,785 | 1,165,593 | 442,192 | 37.90% | |||
Due from banks | 275,848 | 250,480 | 25,368 | 10.10% | |||
Due from customers | 6,955,429 | 6,949,145 | 6,284 | 0.10% | |||
of which Due from regular customers | 6,837,487 | 6,611,433 | 226,054 | 3.40% | |||
of which Due from institutional customers | 117,942 | 337,712 | -219,770 | -65.10% | |||
Tangible assets | 144,417 | 150,890 | -6,473 | -4.30% | |||
Intangible assets | 25,506 | 25,903 | -397 | -1.50% | |||
Due to banks | 438,026 | 441,677 | -3,651 | -0.80% | |||
Due to customers | 5,489,782 | 5,041,168 | 448,614 | 8.90% | |||
Outstanding securities and Financial liabilities stated at fair value | 2,277,709 | 2,255,413 | 22,296 | 1.00% | |||
Assets (including Profit for the year) (1) | 818,716 | 821,177 | -2,461 | -0.30% | |||
Regulatory capital | 823,321 | 827,661 | -4,340 | -0.50% | |||
Indirect deposits | 10,741,465 | 10,777,507 | -36,042 | -0.30% | |||
of which Indirect deposits from regular customers | 7,454,136 | 7,424,007 | 30,129 | 0.40% | |||
of which Indirect deposits from institutional customers | 3,287,329 | 3,353,500 | -66,171 | -2.00% |
Financial data
Financial data
Changes | ||||
---|---|---|---|---|
Amounts in thousands euros | 31.12.2013 | 31.12.2012 | abs. | % |
Operating income | 366,786 | 351,078 | 15,708 | 4.50% |
of which Net interest income | 194,336 | 200,326 | -5,990 | -3.00% |
Operating expenses | 211,457 | 223,651 | -12,194 | -5.50% |
Income from operations | 155,329 | 127,427 | 27,902 | 21.90% |
Profit (Loss) from operations after taxes | -6,534 | 14,902 | -21,436 | -143.80% |
Non-recurring Profit (Loss) after taxes | 1,636 | 1,622 | 14 | 0.90% |
Profit (Loss) for the year (1) | -5,000 | 20,201 | -25,201 | -124.80% |
(1) pertaining to the Parent Company;
(2) from the Reclassified Income Statement
Balance sheet & ratios
Balance sheet and income statement ratios
31.12.2013 | 31.12.2012 | Variazioni ass. | |
---|---|---|---|
Capital/Total assets | 9.2% | 9.8% | -0.6% |
Capital/Loans to customers | 12.7% | 12.7% | 0.0% |
Capital/Due to customers | 16.1% | 17.8% | -1.7% |
Capital/debt securities in issue and Financial liabilities designated at fair value | 36.7% | 36.5% | 0.2% |
Tier ratio 1 | 18.0% | 18.3% | -0.3% |
Total capital ratio | 19.6% | 20.1% | -0.5% |
Financial assets/total assets | 19.0% | 14.6% | 4.4% |
Due to banks/Total assets | 2.7% | 2.8% | -0.1% |
Loans to customers/Total assets | 72.6% | 77.0% | -4.4% |
Loans to customers/Direct customer deposits | 88.0% | 94.3% | -6.3% |
Due to banks/Total assets | 5.7% | 5.9% | -0.2% |
Due to customers/Total assets | 57.3% | 54.9% | 2.4% |
Debt securities in issue and Financial liabilities designated at fair value | 25.2% | 26.8% | -1.6% |
Direct customers deposits/Total assets | 82.5% | 81.6% | 0.9% |
Cost/Income ratio | 56.1% | 61.0% | -4.9% |
Net interest income/Operating income | 51.3% | 55.7% | -4.4% |
Result of operations / Operating income | 43.9% | 39.0% | 4.9% |
Net profit (loss) from operations after tax / Shareholder's equity (2) | 0.5% | 2.9% | -2.4% |
R.O.E. (2) | 1.2% | 1.2% | 0.0% |
(2) equity excluding net profit (loss) for the period;
(3) based on the number of employees calculated as a straight average