EUR 1,000 Note 2016 2015
Interest income   311,856 338,781
Interest expense   -70,047 -92,005
Net interest income (3) (4) 241,809 246,776
       
Commission income and fees received (5) 13,124 12,218
Commission expense and fees paid   -2,025 -2,212
Net fee and commission income   11,099 10,006
       
Net profit/loss on financial operations (6) 23,292 11,521
Foreign exchange gains and losses   22 82
Total operating income   276,222 268,385
       
Expenses      
General administrative expenses      
Personnel expenses (7) -28,637 -29,925
Other administrative expenses (8) -13,617 -11,815
Depreciation (13) -2,319 -8,737
Total operating expenses   -44,573 -50,478
       
Profit before loan losses   231,649 217,907
Net loan losses (9) -19,839 -2,509
Net Profit for the year   211,810 215,398
       
       
Other comprehensive income      
Items that will not be reclassified to income statement       
Fair value hedges      
Valuation of cross currency basis spread   -28,202
 Total other comprehensive income   -28,202
       
Total comprehensive income   183,608 215,398