Financial Highlights

The following table shows the main indicators and performance recorded by the Group during the last 5 years.

(in thousands of Euro) 31/12/2016 31/12/2015 31/12/2014 31/12/2013 31/12/2012
Available for sale financial assets 374.229 3.221.533 243.325 2.529.179 1.974.591
Held to maturity financial assets - - 4.827.363 5.818.019 3.120.428
Loans to customers 5.928.212 3.437.136 2.814.330 2.296.933 2.292.314
Due to banks 503.964 662.985 2.258.967 6.665.847 557.323
Due to banks 5.045.136 5.487.476 5.483.474 4.178.276 7.119.008
Equity 1.218.783 573.467 437.850 380.323 309.017
Net banking income 325.971 407.958 284.141 264.196 244.917
Net profit from financial activities 299.366 373.708 249.631 219.609 191.166
Group net profit 687.945 161.966 95.876 84.841 78.076
ROE 98,5% 30,4% 23,50% 24,80% 29,90%
ROA 8,3% 3,5% 1,70% 1,30% 1,50%
ROCA 8,5% 1,5% 1,3% 0,60% 1,00%
Cost/Income ratio (129,2)% 31,4% 36,8% 28,90% 27,90%
Total own funds Capital Ratio (2) 98,5% 15,4% 14,21% 13,50% 12,72%
Common Equity Tier 1 Ratio 8,3% 14,7% 13,90% 13,70% 12,92%
Number of shares outstanding (1) (in thousands) 53.811 53.072 52.924 52.728 53.551
Book per share value 22,81 10,81 8,27 7,21 5,77
EPS 12,94 3,05 1,81 1,61 1,46
Dividend per share 0,82 0,76 0,66 0,57 0,37
Payout ratio 24,9% 24,9% 36,4% 35,4% 25,40%

(1) Net value adjustments on receivables of the NPL Area, totalling 32,6 million Euro at 31 December 2016 compared to 3,6 million Euro at 31 December 2015, were reclassified to Interest receivable and similar income to present more fairly this particular business, for which net value adjustments represent an integral part of the return on the investment.

(2) The new set of harmonised regulations for banks and investment firms included in EU Regulation no. 575/2013 (CRR) and in Directive 2013/36/EU (CRD IV) is applicable as from 1 January 2014. Data for periods up until 30 September 2013 were recognised according to previous regulations (Basel 2). The Solvency ratio and the Core Tier 1 have been presented under Total Own Funds Ratio and Common Equity Tier 1 Ratio, respectively.
(3) Outstanding shares are net of treasury shares held in the portfolio.