Profit and loss account

Profit and loss account for the year 2020
EUR
Year ending December 31, 2020
Year ending December 31, 2019
1.1 Interest income 1,805,048,009.44 1,751,425,377.41
1.2 Interest expense -1,430,881,624.79 -1,069,973,655.46
1 Net interest income 374,166,384.65 681,451,721.95
2.1 Realized gains/losses arising from financial operations -99,165,110.45 -39,719,112.48
2.2 Write-downs on financial assets and positions -309,717,004.73 -56,549,081.95
2.3 Transfer to/from provisions for financial risks 71,830,556.17 -150,000,000.00
2 Net result of financial operations, writedowns and risk provisions -337,051,559.01 -246,268,194.43
3.1 Fees and commissions income 9,531,478.20 7,307,916.90
3.2 Fees and commissions expense -7,160,956.35 -5,246,272.41
3 Net income from fees and commissions 2,370,521.85 2,061,644.49
4 Income from equity shares and participating interests 123,412,089.84 88,329,245.22
5 Net result of pooling of monetary income 201,964,075.57 135,406,739.22
6 Other income 62,888,979.48 34,878,975.96
Total net income 427,750,492.38 695,860,132.41
7 Staff costs -160,840,950.02 -155,976,725.50
8 Expenses for retirement -135,025,884.97 -98,569,716.92
9 Administrative expenses -82,898,126.91 -78,249,162.48
10 Depreciation of tangible and intangible fixed assets -12,749,657.49 -13,911,103.90
11 Banknote production services -14,743,837.44 -7,556,262.00
12 Other expenses -11,732,239.16 -13,722,433.36
Total expenses -417,990,695.99 -367,985,404.16
Operating profit 9,759,796.39 327,874,728.25
13 Corporate income tax -3,500.00 -65,302,015.40
Annual net profit 9,756,296.39 262,572,712.85
14 Transfer to the pension reserve and central government's share of profit -8,878,229.72 -238,941,168.69
15 Profit for the year 878,066.67 23,631,544.16