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50 Economic sustainability In order for a corporate group to prosper over the long term and survive, it must be capable of doing business successfully as well as ensuring appropriate capital resources. The concept of group risk controlling comprises a sustainability perspective that should ensure that the company has a sufficiently high core capital ratio at the end of a planning period even if there is an unanticipated worsening of the macroeconomic environment (details on this can be found in the 2016 RBI Annual Report, starting on page 152). The following tables provide an overview of the direct contribution of the RZB Group to the economy. RZB Group operating result (in million €) 2016 2015 Net interest income 3,218 3,623 Net fee & commission income 1,599 1,594 Net trading income 220 16 Other net operating income 96 100 Operating income 5,132 5,333 Staff expenses -1,522 -1,515 Other administrative expenses -1,214 -1,277 Depreciation -375 -378 General administrative expenses -3,141 -3,170 Operating result 1,991 2,163 The following table shows the value contribution generated or paid by RZB Group for or to its most important stakeholders: the owners, the employees, the economy and public authorities. “Investments in the Community” have been reported separately since 2015. Financial flows of the RZB Group to stakeholders (in million €) 2016 2015 Owners – Dividends 0 0 Employees – Wages and salaries 1,183 1,152 Economy – Investments und operating costs 1,210 1,274 Investments in the community 4 3 Public authorities 728 690 Income taxes (excluding deferred taxes) 281 276 Banking levies 174 140 Social security costs and staff-related taxes 272 275 Equity status as per December 31 9,794 9,296


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