BayernLB

Key figures

Income statement (IFRS)
EUR million 1 Jan – 31 Dec
2018
1 Jan – 31 Dec
2017
Change in %
Net interest income 1,742 1,659 5.0
Risk provisions in the credit business 135 -94 -
Net interest income after risk provisions 1,877 1,565 19.9
Net commission income 270 263 2.8
Gains or losses on fair value measurement 151 205 -26.2
Gains or losses on hedge accounting -50 -142 -64.8
Gains and losses on derecognised financial assets -9 - -
Gains or losses on financial investments 10 23 -58.0
Administrative expenses -1,356 -1,258 7.8
Expenses for the bank levy and deposit guarantee scheme -103 -98 4.5
Other income and expenses 76 91 -16.0
Gains or losses on restructuring 2 2 -27.7
Profit/loss before taxes 869 652 33.3
Income taxes -41 27 -
Profit/loss after taxes 828 679 21.9
Cost/income ratio (CIR) 61.9% 59.9% 2.0 pp
Return on equity (RoE) 9.4% 7.4% 2.0 pp

Balance sheet (IFRS)
EUR million 31 Dec 2018 31 Dec 2017 Change in %
Total assets 220,227 214,521 2.7
Business volume 262,696 255,679 2.7
Credit volume 186,685 183,222 1.9
Total deposits 147,539 146,387 0.8
Securitised liabilities 45,469 41,847 8.7
Subordinated capital 1,925 1,903 1.2
Equity 11,255 10,816 4.1

Banking supervisory capital and ratios under CRR/CRD IV (after close of year)
EUR million 31 Dec 2018 31 Dec 2017 Change in %
Common Equity Tier 1 capital (CET1 capital) 9,973 9,393 6.2
Own funds 11,465 10,756 6.6
Total RWA 65,594 61,420 6.8
CET1 ratio (fully loaded) 15.2% 15.3% -0.1 pp
Total capital ratio 17.5% 17.5% -

Employees
31 Dec 2018 31 Dec 2017 Change in %
Number of employees 7,703 7,219 6.7

Current ratings
Issuer Rating Short-term, unsecured Pfandbriefs*
Fitch Ratings A- (stable) F1 AAA
Moody's Investors Service Aa3 (stable) P-1 Aaa

* Applies to public Pfandbriefs (Fitch and Moody's) and mortgage Pfandbriefs (Moody's)