| Book value per share | It is the ratio between the stockholders' funds and valuation adjustments, and, the number of shares after deducing the treasury shares held by the Group. |
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| Cost of Risk | It is the annual cost in terms of impairment losses (loan-loss provisions), for each customer credit unit accounted in different headings of the balance sheet. |
| Efficiency ratio | It is the ratio between the administration and amortization costs and the gross profit (revenues minus expenses from ordinary activity) |
| ERC: Economic Risk Capital | Is the sum of capital for credit risk, market risk, operational risk, real-estate risk and insurance risk. It is expressed in attributable terms. |
| NPA Coveraged ratio | Impairment allowances as a percentage of the non performing assets (the sum of impaired loans and advances to customers and impaired contingent liabilities to customers). |
| NPA ratio | Represents the sum of impaired loans and advances to customers and impaired contingent liabilities to customers divided by the sum of Loans and advances to customers and Contingent liabilities to customers. |
| P/BV (Price/Book Value; times) | It is the ratio between the share price and the book value. |
| PER (Price/Earnings; times) | It is the ratio between the share price and profit |
| Recurrent economic profit (EP) from ongoing operations | This indicator measures the contribution of the year's profit, after deducting the cost of the capital used. The calculation of EP requires a series of adjustments to be made to the accounting net attributable profit to enable an economic profit to be obtained, including the replacement of the accounting provisions for expected loss, as well as the change in value of the Group's equity elements (change in unrealized gains, change in the BV of investees, change in value of the treasury stock, etc). |
| ROA | Return on assets. |
| ROE | Return on equity |
| RORWA | Return on average risk weighted assets |
| ROTE | Return on Tangible equity (excluding the goodwill). |
Glossary
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