Full highlights

Group, EUR millions

  12m 2018 12m 2017 Change* 12m 2017 12m 2016 Change
Net interest income 82.6 75.4 10% 75.4 66.2 14%
Net fee and commission income 32.0 34.3 (7%) 34.3 40.1 (14%)
Operating income 128.0 130.1 (2%) 130.1 134.2 (3%)
Net credit losses (6.7) (13.6) (51%) (4.4) (10.1) (56%)
Adjusted net profit* 34.8 31.5 11% 31.5 31.1 1%
Adjusted ROA* 1.10% 0.94% 0.15pp 0.94% 0.99% (0.04pp)
Adjusted ROE* 12.3% 12.0% 0.3pp 12.0% 13.1% (1.1pp)
Cost to income ratio 67.4% 63.7% 3.7pp 63.7% 60.2% 3.5pp
Cost of risk ratio 0.5% 1.0% (0.5pp) 1.0% 0.8% 0.2pp

Group, EUR millions

  12m 2018 12m 2017 Change* 12m 2017 12m 2016 Change
Total assets 3,052 3,312 (8%) 3,312 3,350 (1%)
Loans to public 1,396 1,331 5% 1,331 1,241 7%
Deposits and borrowings from customers 2,645 2,917 (9%) 2,917 2,994 (3%)
Shareholders' equity 297 269 10% 269 254 6%
Loan-to-deposit ratio 53% 46% 7pp 46% 41% 5pp

 

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. Q4 2017 is adjusted for one-time 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.