The Bank covered 58 per cent of administration costs including depreciation and amortisation with net fee and commission income. As a result of the recession and, consequently, deterioration of its credit portfolio, the Bank’s profit has been particularly hit by above-average net impairment charges and provisions of €13.3 million, an amount that equals one third of net impairment charges and provisions to be made in the entire 2010.
The Bank's total assets amounted to €4,768.8 million as of 31 March 2010, a decrease of €20.6 million or 0.4 per cent over the 2009 year-end figure. In terms of total assets, the Bank's market share as of the end of September was 9.4 per cent, 0.1 percentage point above the 2009 year-end figure.
Net loans to non-bank customers reached €3,385.4 million at the end of March, €49.8 million over the amount reported for the 2009 year-end. The Bank's market share in loans to non-bank customers stayed at the same level at 9.9 per cent.
Deposits from non-bank customers were €2,958.4 million at the end of March, and increase of €12.0 million over the 2009 year-end figure. As of the end of March 2010, the ratio of net loans to deposits of non-bank customers was 114 per cent.
Total shareholders' equity amounted to €380.3 million at the end of March 2010, an increase of €12.4 million over the 2009 year-end figure. The total capital adequacy of the Bank as of the end of March 2010 was 10.45 per cent.
