Profit and loss account

Profit and loss account for the year 2021
EUR
Year ending December 31, 2021 Year ending December 31, 2020
1.1 Interest income 2,187,368,123.58 1,805,048,009.44
1.2 Interest expense -2,097,243,232.59 -1,430,881,624.79
1 Net interest income 90,124,890.99 374,166,384.65
2.1 Realized gains/losses arising from financial operations 392,523,737.62 -99,165,110.45
2.2 Expenses related to financial assets and positions -219,142,580.31 -309,717,004.73
2.3 Transfer to/from provisions for financial risks -220,000,000.00 71,830,556.17
2 Net result of financial operations, write-downs and risk provisions -46,618,842.69 -337,051,559.01
3.1 Fees and commissions income 10,169,889.56 9,531,478.20
3.2 Fees and commissions expense -8,705,383.39 -7,160,956.35
3 Net income from fees and commissions 1,464,506.17 2,370,521.85
4 Income from equity shares and participating interests 92,356,017.95 123,412,089.84
5 Net result of pooling of monetary income 284,289,405.39 201,964,075.57
6 Other income 90,379,898.33 62,888,979.48
Total net income 511,995,876.14 427,750,492.38
7 Staff costs -164,684,776.39 -160,840,950.02
8 Expenses for retirement -129,028,682.76 -135,025,884.97
9 Administrative expenses -80,587,825.27 -82,898,126.91
10 Depreciation of tangible and intangible fixed assets -13,115,960.49 -12,749,657.49
11 Banknote production services -23,867,604.36 -14,743,837.44
12 Other expenses -6,568,098.51 -11,732,239.16
Total expenses -417,852,947.78 -417,990,695.99
Operating profit 94,142,928.36 9,759,796.39
13 Corporate income tax -23,537,684.09 -3,500.00
Annual net profit 70,605,244.27 9,756,296.39
14 Transfer to the pension reserve and central government's share of profit -64,250,772.29 -8,878,229.72
15 Profit for the year 6,354,471.98 878,066.67