Annual Report 2010 (PDF) - USB Bank
Annual Report 2010 (PDF) - USB Bank
Annual Report 2010 (PDF) - USB Bank
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Income Statement<br />
for the year ended 31 December <strong>2010</strong><br />
Note <strong>2010</strong> 2009<br />
€ €<br />
Turnover 33.981.004 34.446.021<br />
Interest income 3 29.599.438 30.242.438<br />
Interest expense 4 (17.687.494) (18.325.532)<br />
Net interest income 11.911.944 11.916.906<br />
Fee and commission income 3.888.836 3.820.659<br />
Fee and commission expense (792.285) (567.891)<br />
Foreign exchange income 413.538 326.454<br />
Income from available for sale investments 5 10.020 6.680<br />
(Loss)/gain on revaluation of investment properties 15 (485.000) 164.000<br />
Other income 69.172 49.790<br />
Total net income 15.016.225 15.716.598<br />
Staff costs 6 (10.161.932) (9.476.154)<br />
Depreciation of property and equipment<br />
(829.593) (917.633)<br />
and amortisation of intangible assets<br />
Other operating expenses (3.632.819) (3.520.838)<br />
Total operating expenses before provisions (14.624.344) (13.914.625)<br />
Profit before provisions 391.881 1.801.973<br />
Provision for impairment of loans and advances 12 (6.925.421) (1.421.803)<br />
(Loss)/profit before tax 7 (6.533.540) 380.170<br />
Tax 8 - 1.832<br />
(Loss)/profit for the year (6.533.540) 382.002<br />
(Losses)/earnings per share (cent) 9 (14,4) 0,8<br />
30<br />
Αnnual <strong>Report</strong> <strong>2010</strong>
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