Income Statements

as at December 31, 2016 (audited) Dec-2016 Dec-2015
(EUR thousands)    
Interest and similar income 20,740 17,724
Interest expenses and similar charges -3,186 -2,006
Revenues from shares, securities and financial assets with variable income 0 0
Commissions received 3,197 3,300
Commissions paid -328 -369
Profit from financial operations 419 572
Profit or loss on bonds and fixed income financial instruments 3,729 -175
Other operating income 71 2
Other operating expenses -56 -58
Net Operating Income 24,585 18,992
General and administrative expenses -11,726 -11,706
Depreciation and amortization on fixed assets -321 -318
Gross Operating Profit 12,538 6,968
Provisions for credit losses -4,124 -233
Net Operating Profit 8,414 6,735
Profit or loss on sale of fixed assets -28 -3
PROFIT BEFORE TAX & GENERAL PROVISIONS 8,385 6,732
Non recurrent expenses - -
Income Tax -3,063 -2,473
Net provisions on Fund for General Banking Risk    
NET PROFIT 5,322 4,259

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