Main financial ratios1
| 2016 | 2015 | |
|---|---|---|
| Personnel efficiency indexes [m euro] | ||
| Loans to customers / Number of employees | 4.09 | 3.85 |
| Operating income / Number of employees | 0.19 | 0.19 |
| Financial assets of customers2 / Number of employees | 9.69 | 9.34 |
| Capital ratios | ||
| Shareholders' equity / Loans to customers | 13.4% | 13.8% |
| Shareholders' equity / Financial assets of customers2 | 5.7% | 5.7% |
| Solvency coefficients | ||
| Common equity tier 1 ratio (CET1) net of regulatory adjustments/risk-adjusted assets | 12.7% | 13.0% |
| Common equity tier 1 ratio (CET1) / risk-adjusted assets | 13.9% | 13.8% |
| Total own funds / Risk-adjusted assets | 17.0% | 16.6% |
| Income ratios | ||
| Income for the year (attributable to the parent company) / Average shareholders' equity | 6.4% | 5.9% |
| Operating costs / operating income (Cost income Ratio) | 51.2% | 50.8% |
| Risk ratios | ||
| Net non-performing loans to customers / Loans to customers | 4.1% | 4.3% |
| Value adjustments of non-performing loans /Gross non-performing loans out of loans to customers | 60.6% | 61.8% |
1 Ratios calculated with reference to reclassified statements and figures published in the Intesa Sanpaolo Group's 2016 consolidated financial statements. The 2015 figures were restated where necessary to take into account changes in the scope of consolidation and ongoing disinvestment activities.
2 Customer financial assets: direct deposits from banking business, direct deposits from insurance business and technical reserves and indirect deposits, after netting, referred to components of indirect deposits which are also included in direct deposits.
Calculation and distribution of economic value
| FINANCIAL STATEMENT ITEMS | [m euro] | |||
|---|---|---|---|---|
| 2016 | 2015 | 2014 | ||
| 10. | Interest income and similar | 12,865 | 14,148 | 15,933 |
| 20. | Interest expense and similar | -4,250 | -4,910 | -6,116 |
| 40. | Commission income | 8,465 | 8,735 | 8,058 |
| 50. | Commission expense1 | -1,149 | -1,049 | -1,023 |
| 70. | Dividends and similar income | 461 | 378 | 315 |
| 80. | Profits (Losses) on trading | 527 | 285 | 210 |
| 90. | Net profit(loss) from hedging | -34 | -68 | -139 |
| 100. | Profits (Losses) on disposal or repurchase of: | 990 | 1,205 | 1,074 |
| a) loans | -34 | -44 | 86 | |
| b) available-for-sale financial assets | 990 | 1,452 | 1,271 | |
| c) financial assets held to maturity | 0 | 0 | 0 | |
| d) financial liabilities | 34 | -203 | -283 | |
| 110. | Profits (Losses) on financial assets and liabilities designated at fair value | 1,051 | 977 | 971 |
| 130. | Net losses /recoveries on impairment of: | -3,288 | -2,824 | -4,314 |
| a) loans | -3,026 | -2,751 | -4,102 | |
| b) available-for-sale financial assets | -314 | -203 | -187 | |
| c) financial assets held to maturity | 0 | 0 | 1 | |
| d) other financial operations | 52 | 130 | -26 | |
| 150. | Net insurance premiums | 8,433 | 12,418 | 16,600 |
| 160. | Other net insurance income (expense) | -10,508 | -14,680 | -18,805 |
| 220. | Other operating expenses (income) | 430 | 934 | 720 |
| 240. (partial) | Profits (Losses) on investments in associates and companies subject to joint control (realised gains/losses)2 | 37 | -1 | 326 |
| 270. | Profits (Losses) on disposal of investments | 356 | 103 | 114 |
| 310. | Income (Loss) after tax from discontinued operations | 987 | -2 | -48 |
| A | Total economic value generated | 15,373 | 15,649 | 13,876 |
| 180.b (partial) | Other administrative expenses (net of indirect taxes and donations and charges for resolution funds and deposit guarantee)3 | -2,555 | -2,676 | -2,619 |
| ECONOMIC VALUE DISTRIBUTED TO SUPPLIERS | -2,555 | -2,676 | -2,619 | |
| 180.a | Personnel expenses4 | -6,075 | -6,031 | -5,836 |
| ECONOMIC VALUE DISTRIBUTED TO EMPLOYEES AND COLLABORATORS | -6,075 | -6,031 | -5,836 | |
| 330. | Minority interests | -89 | -67 | -59 |
| ECONOMIC VALUE DISTRIBUTED TO THIRD PARTIES | -89 | -67 | -59 | |
| 340. (partial) | Parent Company net income (loss) - Share allocated to Shareholders5 | -2,999 | -2,361 | -1,185 |
| 340. (partial) | Parent Company net income (loss) - Share allocated to holders of equity instruments6 | -111 | -20 | 0 |
| ECONOMIC VALUE DISTRIBUTED TO SHAREHOLDERS AND HOLDERS OF EQUITY INSTRUMENTS | -3,110 | -2,381 | -1,185 | |
| 180.b (partial) | Other administrative expenses: indirect taxes | -877 | -919 | -952 |
| 180.b (partial) | Other administrative expenses: charges for resolution funds and deposit guarantee | -578 | -516 | 0 |
| 290. (partial) | Income taxes for the year (current taxes)7 | -818 | -1,485 | -1,509 |
| ECONOMIC VALUE DISTRIBUTED TO GOVERNMENT, ORGANISATIONS AND INSTITUTIONS | -2,273 | -2,920 | -2,461 | |
| 180.b (partial) | Other administrative expenses: donations | -1 | -1 | -3 |
| 340. (partial) | Parent Company net income (loss) - Share allocated to charity funds8 | -1 | -11 | -10 |
| ECONOMIC VALUE DISTRIBUTED TO THE COMMUNITY AND ENVIRONMENT | -2 | -12 | -13 | |
| B | Total economic value distributed | 4,104 | -14,087 | -12,173 |
| C | Total economic value retained (withdrawn) by the corporate system* | 1,269 | 1,562 | 1,703 |
1 The figures differ from those of the income statement in the Financial Statements as remuneration to the financial advisors networks was reclassified to “Personnel expenses”.
2 The figures differ from those of the income statement in the Financial Statements due to the exclusion of unrealised gains/losses, now recognised in a separate caption.
3 Data differ from figures in the income statement presented in the financial statements due to the exclusion of indirect duties and taxes and donations, levies and other expenses concerning the banking system, recognised under relative items.
4 Data differ from figures in the income statement presented in the financial statements as they include fees paid to financial advisor networks.
5 For 2016, the economic value distributed to shareholders partly refers to parent company reserves.
6 Interest accrued on coupons on additional tier 1 (AT1) equity instruments, directly recognised as shareholders' equity.
7 Data differ from figures in the income statement presented in the financial statements due to the exclusion of deferred taxes, recognised under relative items.
8 Data include portions assigned to charity funds by Group banks.
* Represented by value adjustments/reversals and provisions, deferred taxes and consolidated profit net of dividends distributed by the parent company.