Income statement of Landwirtschaftliche Rentenbank for the period from 1 January to 31 December 2025

	Note	2025 mEUR	2025 mEUR	2025 mEUR	2024 mEUR
1. Interest income from	21
a) Lending and money market transactions		2,482.6			3,503.6
b) Fixed-income securities and debt register claims		424.4			346.0
			2,907.0		3,849.6
less negative interest: mEUR 2.3					(2.9)
2. Interest expenses	22		2,688.8		3,572.7
				218.2	276.9
3. Current income from
a) Shares and other non-fixed-income securities			0,0		0.0
b) Equity interests			10.6		10.6
				10.6	10.6
4. Fee and commission income			0.8		0.6
5. Fee and commission expenses			5.4		5.3
				- 4.6	- 4.7
6. Other operating income	23			15.6	16.8
7. General administrative expenses
a) Personnel expenses
aa) Wages and salaries		47.2			43.1
ab) Social security contributions and expenses for pensions and other employee benefits		14.8			9.7
			62.0		52.8
of which: mEUR 7.1 for pensions					(3.1)
b) Other administrative expenses			67.7		63.8
				129.7	116.6
8. Depreciation, amortisation and impairments of intangible assets as well as property and equipment				16.5	14.2
9. Other operating expenses	24			5.3	5.5
10. Write-downs and impairments of loans and advances and certain securities and additions to provisions for loan losses				24.8	49.8
11. Write-downs and impairments of equity interests, shares in affiliated companies and securities held as fixed assets				0.0	0.1
12. Income from reversals of write-downs and impairments of equity interests, shares in affiliated companies and securities held as fixed assets				0.0	0.0
13. Additions to the fund for general banking risks				22.8	73.7
14. Profit on ordinary activities				40.7	39.7
15. Taxes on income and profit			1.7		1.6
16. Other taxes not included in “Other operating expenses”			0,0		0.1
				1.7	1.7
17. Net income for the year				39.0	38.0
18. Additions to retained earnings
to principal reserve pursuant to Section 2 (2) of Rentenbank’s Governing Law
from net income				19.5	19.0
19. Distributable profit				19.5	19.0

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