Funding and Green Projects Evaluation
MuniFin
Copyright MuniFin
EUR 44.0 bn EUR 44.0 bn
10
Financial performance 2020
COVID-19 pandemic spurred growth in long-term customer finance
Total assets ■Long-term customer finance
EUR Billions
Balance sheet totalled to EUR 44 billion
Solid capital adequacy was supported by profitability
50
50
40
40
44
39
34
35
36
290
30
21
22
22
23
28
25
23
Millions
240
190
20
20
10
10
140
90
0
2016
40
2017
2018
2019
2020
Net Interest Income
Net Operating Profit (excl.
unrealized changes in fair value)* LHS
1,2
1111
CET 1 Capital RHS
1,3
1,4 €
1,2 €
1,0 €
0,8 €
0,6 €
197
0,4 €
0,2 €
0,0 €
2016
2017
2018
2019
2020
As of 31 December 2020
Customer
financing
Funding
Cost-to-
Income
Ratio*
0.2
0.2
0.2
0.3
0.2
Liquidity
portfolio
De-
4
Oth-
riva-
er
Return on
Equity*
12.5%
12.6%
10.8%
6.8%
9.4%
tives
Leverage
Ratio
3.5%
3.8%
4.1%
4.0%
3.9%¹
De-
riva-
Equity
tives
Other
CET1
Ratio
46.2%2
53.0%²
66.3%²
83.1%²
104.3%²
1 MuniFIn Group's leverage ratio was 13.4% calculated using the CRR II calculation principles, to be enforced in June 2021.
2 The CET1 Ratio is a consolidated figure for Municipality Finance Group, not the parent company. The CET1 ratio of the parent company was 107.1% at
the end of December 2020 and 85.0% at the end of December 2019.
* Alternative performance measure. More information on alternative performance measures can be found in the Annual Report/Board of Directors Report.
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