ESG Strategy and Digital Transformation
Income Statement bridge¹ for FY2021
€ mn
Net interest income
Net fee and commission income
Net foreign exchange gains and net gains/(losses) on financial instrument transactions and disposal/dissolution of
subsidiaries
Insurance income net of claims and commissions
Underlying
basis
Statutory
NPE sales
Other
Basis
296
296
172
172
24
24
(30)
(6)
61
61
Net gains/(losses) from revaluation and disposal of investment properties and on disposal of stock of properties
Other income
13
(1)
12
15
15
Total income
581
(1)
(30)
550
Total expenses
Operating profit
Loan credit losses
Impairments of other financial and non-financial instruments
(383)
(16)
(23)
(422)
198
(17)
(53)
128
(66)
13
17
(36)
(36)
(19)
(55)
Reversal net of provisions for litigation, claims, regulatory and other matters
Profit before tax and non-recurring items
Tax
2
(2)
98
(23)
(38)
37
(5)
(5)
Profit attributable to non-controlling interests
(2)
(2)
Profit after tax and before non-recurring items (attributable to the owners of the Company)
Advisory and other restructuring costs - organic
91
(23)
(38)
30
(22)
22
Profit after tax - Organic (attributable to the owners of the Company)
69
(23)
(16)
30
Provisions/net loss relating to NPE sales
Restructuring and other costs relating to NPE sales
Restructuring costs – Voluntary Staff Exit Plan (VEP)
Profit after tax - attributable to the owners of the Company
(7)
7
I
(16)
16
(16)
16
30
30
1)
Please refer to section B1 "Unaudited Reconciliation of income statement for the year ended 31 December 2021" between statutory and underlying basis of the Group Financial Results
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