Mizuho Bank Europe Annual Report 2018

22 MIZUHO BANK EUROPE N.V. In 2018 the derecognized assets were reviewed by an external advisor on all its aspects: the derecognition, the valuation, compliance to the Dutch accounting standards and the tax and transfer pricing aspects. The current treatment has been confirmed to be still sustainable. 19,804 20,004 26,164 25,386 28,600 5,000 10,000 15,000 20,000 25,000 30,000 35,000 2014 2015 2016 2017 2018 Net Commission Income 18,890 31,499 22,600 15,844 19,913 5,000 10,000 15,000 20,000 25,000 30,000 35,000 2014 2015 2016 2017 2018 Operational Expenses 19,764 17,308 22,618 24,636 24,791 5,000 10,000 15,000 20,000 25,000 30,000 2014 2015 2016 2017 2018