Full highlights

Group, EUR millions

  6m 2019 6m 2018 Change 12m 2018 12m 2017 Change
Net interest income 41.9 39.9 5% 82.6 75.4 10%
Net fee and commission income 14.4 15.8 (9%) 32.0 34.3 (7%)
Operating income 60.9 64.0 (5%) 128.0 130.1 (2%)
Net credit losses (2.6) (2.1) 24% (6.7) (13.6) (51%)
Net profit* 16.2 18.0 (10%) 34.8 31.5 11%
Return on average assets (ROA)* 1.03% 1.13% (0.1pp) 1.10% 0.94% 0.15pp
Return on average equity (ROE)* 10.5% 13.1% (2.6pp) 12.3% 12.0% 0.3pp
Cost to income ratio 67.9% 68.5% (0.6pp) 67.4% 63.7% 3.7pp
Cost of risk ratio 0.3% 0.3% 0.0pp 0.5% 1.0% (0.5pp)

Group, EUR millions

  30 Jun 2019 30 Jun 2018 Change 31 Dec 2018 31 Dec 2017 Change
Total assets 3,266 3,043 7% 3,052 3,312 (8%)
Loans to public 1,488 1,360 9% 1,396 1,331 5%
Deposits and borrowings from customers 2,836 2,649 7% 2,645 2,917 (9%)
Shareholders' equity 319 279 14% 297 269 10%
Loan-to-deposit ratio 52% 51% 1pp 53% 46% 7pp


*Jan-Dec 2017 is adjusted for one-time EUR 23.2 million write-off of deferred tax assets in Latvia due to change in the country’s corporate income tax regime and EUR 7.7 million reversal of impairment on property and equipment. In 2018 Citadele changed classification of supervisory fees and certain commission expenses. Prior period comparatives have been adjusted accordingly.