Prospectus - Notowania

Other liabilities 3 129,102 1,693 1.31% 97,611 310 0.32% 100,356 -711 -0.71%
Shareholders’ equity 4 60,868 n.a. n.a. 46,701 n.a. n.a. 41,417 n.a. n.a.
Total assets, liabilities and
shareholders' equity 2 1,047,970 36,069 3.44% 876,138 27,276 3.11% 818,189 21,326 2.61%
Net interest income 18,044 1.72% 13,966 1.59% 12,155 1.49%
Credit – Debit spread for
customers and securities 2.51% 2.33% 2.30%
Performing assets – interestbearing
liabilities spread 2.23% 1.97% 1.74%
1 Average balances calculated on the basis of quarterly data.
2
The imbalance in the income statement entry relating to hedging derivatives is conventionally reported to adjust the interest expense balance.
3
Includes hedging derivatives.
4
Inclusive of minority equity.
The figures can be summarised as follows:
(millions of €)
Average interest rate and
% Change
net interest income 12.31.2008 12.31.2007 12.31.2006 2008/2007 2007/2006
Total average performing assets 860,938 722,028 666,589 19.2% 8.3%
Total average interest-bearing liabilities 858,000 731,826 676,416 17.2% 8.2%
Net interest income 18,044 13,966 12,155 29.2% 14.9%
Average rate on performing assets 6.24% 5.65% 5.00% 0.59 0.65
Average rate on interest-bearing liabilities 4.01% 3.68% 3.26% 0.33 0.42
Net interest rate 2.23% 1.97% 1.74% 0.26 0.23
Net interest margin 2 1.72% 1.59% 1.49% 0.13 0.10
1
Net interest rate is calculated as the difference between the average rate on assets and the average rate on interest-bearing
liabilities.
2
Net interest income is the ratio between total net interest income and average assets.
Fee and commission income and fee and commission expense
(millions of €) % Change
Net fees and commissions 12.31.2008 12.31.2007 12.31.2006 2008/2007 2007/2006
Fee and commission income 11,125 11,354 9,967 -2.0% 13.9%
Fee and commission expense (2,032) (1,924) (1,619) +5.6% +18.8%
Total 9,093 9,430 8,348 -3.6% 13.0%
Net fees and commissions in 2008 were affected by the economic crisis that caused a
significant reduction in volumes traded. The slight reduction that can be noted from
the above consolidated data must take into appropriate account that the year 2007
included the contribution of the Capitalia Group, acquired on October 1, 2007, for
only three months. This 3.6% reduction based on historical data would have been of
the order of about 16% with a like-for-like scope of consolidation.
The change between 2007 and 2006 net of the 8% contribution of the Capitalia group
is due in particular to the area of asset management, custody and administration and of
collection and payment services.
(millions of €) % Change
Revenues from fees: breakdown 12.31.2008 12.31.2007 12.31.2006 2008/2007 2007/2006
a) guarantees issued 536 461 401 16.3% 15.0%
b) credit derivatives
c) management, brokerage and consulting
10 17 10 -41.2% 88.9%
services 5,446 5,989 5,077 -9.0% 18.0%
d) collection and payment services 2,001 1,800 1,670 11.2% 7.8%
e) servicing for securitisation transactions 45 129 80 -65.1% 61.3%
f) services for factoring transactions
g) operation of tax collection and receiving
95 71 50 33.8% 42.0%
offices - - - n.a. n.a.
h) other services 2,992 2,887 2,679 3.6% 7.8%
Total 11,125 11,354 9,967 -2.0% 13.9%
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