Financial Information

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Financial Highlights (2015-2019)

2019 2018 2017
2016 2015
KEY FINANCIAL FIGURES(€ 000)
Net Income 54,005 37,170 52,892 48,272 49,044
Income Before Tax 80,362 55,791 78,819 69,652 72,596
Income Before Tax* 82,119 68,716 79,219  76,681 67,099
Total Assets 4,406,308 4,476,974 5,059,249 5,487,837 4,774,341
Paid-in Capital 200,000 200,000 200,000 200,000 200,000
Total shareholders’equity 723,649 669,645 632,475 579,583 531,311
Interest-bearing assets 4,373,342 4,431,487 5,005,497  5,482,344 4,768,886
Interest-bearing liabilities 3,672,075 3,799,941 4,411,236 4,862,661 4,150,888
   
KEY RATIOS(%)
Solvency ratio 19.61 17.54 15.19 12.60 14.38
Return on average shareholders’ equity* 7.24 6.66 8.29
9.01 8.91
Total assets/Shareholders’ equity (times) 6.09 6.69 8.00 9.47 8.99
Cost/Income ratio 14.87 16.61 13.17 12.21 12.64
Commission income/Operating expenses 33.06 22.16 45.78 50.59 32.19
Number of employees 51 49 48  45 42
Income before tax* per employee (€ 000) 1,610 1,402 1,650 1,704 1,597
Non-performing loans 0,0 0,0 0,0 0,0 0,0
Loans/Deposits 107.93 107.58 109.44 108.06 111.33

* Excluding the effect of country risk provisioning treatment.

Note: All financial information has been extracted from the financial statements prepared in accordance with the German Accounting Principles and the German Commercial Code.