The Municipality Finance Group’s net operating profit excluding unrealised fair value changes amounted to EUR 186 million in 2019 (EUR 190 million), down 2.1% on the previous year. The Group’s net interest income improved slightly to EUR 240 million (EUR 236 million). Expenses grew as expected and amounted to EUR 60 million (EUR 49 million, +22.8%).
Unrealised fair value changes weakened the net operating profit for the financial year by EUR 54 million, whereas they had no impact on the result in the previous year (EUR 0 million). Taking into account these valuations, Group’s net operating profit amounted to EUR 131 million (EUR 190 million).
Contact us
More information about our financial statements bulletins
