in EUR million 2016 2015 2014 2013 2012
STATEMENT OF COMPREHENSIVE INCOME, 1 Jan – 31 Dec        
Net interest income 242 247 239 244 252
Net fee and commission income 11 10 7 10 17
Total operating expenses -45 -50 -41 -39 -38
Realised and unrealised gains and losses of financial instruments 20 -9 26 15 36
Net loan losses -20 -3 -21 -15 -56
Adjustment to hedge accounting 4 21 -1 2 -1
Net profit for the year 212 215 210 217 209
Other comprehensive income -28
Total comprehensive income 184 215 210 217 209
STATEMENT OF FINANCIAL POSITION, as of 31 Dec 2016 2015 2014 2013 2012
Assets        
Cash and cash equivalents, placements and debt securities 11,056 8,776 7,158 7,131 8,092
Loans outstanding 16,640 15,627 15,156 14,667 15,131
Intangible and tangible assets 28 28 34 35 34
Accrued interest and other assets 2,454 2,880 2,523 1,657 2,726
Total assets 30,178 27,311 24,870 23,490 25,983
Liabilities and equity 2016 2015 2014 2013 2012
Amounts owed to credit institutions and repurchase agreements 1,329 1,589 872 372 1,609
Debts evidenced by certificates 23,907 20,862 19,446 18,421 20,332
Accrued interest and other liabilities 1,667 1,713 1,567 1,866 1,377
Paid-in capital 419 419 419 419 419
Statutory reserve 686 686 686 686 686
Credit risk funds 1,986 1,826 1,671 1,509 1,352
Hedging reserve -28
Profit/loss for the year 212 215 210 217 209
Total liabilities and equity 30,178 27,311 24,870 23,490 25,983
ACTIVITIES 2016 2015 2014 2013 2012
Disbursements of loans 3,373 2,716 2,274 1,922 2,355
Loans outstanding at year-end 16,640 15,627 15,156 14,667 15,131
New debt issues (including capitalisations) 6,700 4,276 3,361 4,080 4,355
Number of employees (average during year) 192 188 186 183 180