Key figures
|
€ m |
10M 2008 |
9M 2008 |
2007 |
2006 |
|
|
|
|
|
|
Income statement |
|
|
|
|
|
Net interest income |
64.6 |
61.9 |
68.8 |
42.5 |
|
Net fee and commission income |
91.8 |
83.2 |
131.3 |
84.4 |
|
Net financial income |
(32.5) |
(98.8) |
111.4 |
392.3 |
|
Other Income |
4.9 |
4.1 |
18.5 |
9.4 |
|
Operating income
|
128.8
|
50.4
|
330.0
|
528.6
|
|
Operating costs |
(101.8) |
(92.7) |
(118.9) |
(44.1) |
|
Impairment |
(366.8) |
(122.3) |
(20.2) |
(11.8) |
|
Profit (loss) before tax
|
(339.8)
|
(164.6)
|
190.9
|
472.7
|
|
Tax income (expense) |
64.5 |
39.9 |
(28.0) |
42.7 |
|
Profit (loss)
|
(275.3)
|
(124.7)
|
162.9
|
515.4
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
Equity holders of the parent |
(281.7) |
(130.7) |
158.3 |
511.6 |
|
Minority interest |
6.4 |
6.0 |
4.7 |
3.8 |
|
|
|
|
|
|
Balance sheet
|
|
|
|
|
|
Assets
|
|
|
|
|
|
Financial assets held for trading |
167.0 |
252.8 |
1,056.4 |
945.2 |
|
Financial assets designated at fair value through profit and loss |
686.3 |
1,020.3 |
923.9 |
644.7 |
|
Loans and cash and cash equivalents |
2,170.7 |
2,435.1 |
3,838.5 |
2,046.2 |
|
Other assets |
1,397.9 |
1,536.1 |
1,318.1 |
721.6 |
|
Total Assets |
4,421.9 |
5,244.2 |
7,136.9 |
4,357.8 |
|
|
|
|
|
|
Liabilities and equity |
|
|
|
|
|
Deposits |
730.1 |
832.0 |
1,268.3 |
- |
|
Borrowings |
1,832.8 |
2,394.0 |
3,778.5 |
2,572.8 |
|
Other liabilities |
685.9 |
672.6 |
521.6 |
291.0 |
|
Total equity |
1,173.2 |
1,345.7 |
1,568.5 |
1,494.0 |
|
Total liabilities and equity |
4,421.9 |
5,244.2 |
7,136.9 |
4,357.8 |
Key ratios
|
10M 2008 |
9M 2008 |
2007 |
2006 |
|
Annualised ROE % |
(21.1) |
(10.6) |
11.3 |
42.0 |
|
Earnings per share € |
(0.028) |
(0.013) |
0.017 |
0.051 |
|
P/E |
(2.077) |
(5.66) |
10.3 |
3.9 |
|
P/B |
0.309 |
0.404 |
1.02 |
1.18 |
|
Cost to income % |
N/A |
N/A |
36.0 |
8.3 |
|
Number of employees |
596 |
510 |
486 |
109 |
|
Share price at end of period |
7.08 |
8.35 |
15.1 |
17.4 |
| |
|
|
|
|
|
CAD ratio % |
17.6 |
22.5 |
23.7 |
37.6 |
|
Tier 1 % |
15.6 |
20.3 |
21.4 |
35.2 |
|
Growth of loan portfolio % |
17.1 |
0.4* |
78.4 |
161.3 |
|
Loans / Assets % |
34.4 |
35.1 |
33.8 |
31.0 |
|
Provision ratio % |
15.6 |
4.34 |
1.25 |
1.18 |
|
|
|
|
|
|
Exchange rates
|
|
|
|
|
|
Exchange rate ISK/€ for P/L average of period |
117.33 |
114.22 |
87.79 |
87.72 |
|
Exchange rate ISK/€ for balance sheet at end of period |
184.8 |
149.06 |
91.91 |
94.61 |
|
|