Highlights in the first quarter of 2014
- Shift in lending activity trend.
- New improvement of the commercial and liquidity gap for the banking business.
- Strength and quality of gross income.
- Cost control.
- Reduction in loan-loss provisions.
Financial statements and relevant business indicators
(Million euros and percentage)
Download Excel
| Income statement |
1Q14 |
Δ % |
Δ % (1) |
1Q13 |
| Net interest income |
369 |
2.5 |
14.5 |
360 |
| Net fees and commissions |
179 |
(7.6) |
(1.7) |
194 |
| Net trading income |
258 |
2.6 |
24.3 |
251 |
| Other income/expenses |
(6) |
(65.4) |
(35.3) |
(16) |
| Gross income |
800 |
1.5 |
13.8 |
788 |
| Operating expenses |
(215) |
(4.8) |
1.6 |
(226) |
| Personnel expenses |
(118) |
(5.6) |
(1.8) |
(125) |
| General and administrative expenses |
(93) |
(4.0) |
6.0 |
(97) |
| Depreciation and amortization |
(5) |
0.0 |
6.1 |
(5) |
| Operating income |
584 |
4.1 |
19.1 |
562 |
| Impairment on financial assets (net) |
(44) |
(29.6) |
(29.8) |
(62) |
| Provisions (net) and other gains (losses) |
0 |
n.m. |
n.m. |
(9) |
| Income before tax |
541 |
10.2 |
28.3 |
491 |
| Income tax |
(165) |
11.1 |
29.7 |
(148) |
| Net income |
377 |
9.9 |
27.7 |
343 |
| Non-controlling interests |
(35) |
(17.5) |
28.6 |
(43) |
| Net attributable profit |
341 |
13.8 |
27.6 |
300 |
Download Excel
| Balance sheet |
31-03-14 |
Δ % |
Δ % (1) |
31-03-13 |
| Cash and balances with central banks |
2,836 |
(52.8) |
(47.7) |
6,004 |
| Financial assets |
84,632 |
5.4 |
8.6 |
80,331 |
| Loans and receivables |
65,162 |
(9.8) |
(5.7) |
72,254 |
| Loans and advances to customers |
47,827 |
(9.9) |
(4.9) |
53,056 |
| Loans and advances to credit institutions and other |
17,335 |
(9.7) |
(8.0) |
19,198 |
| Inter-area positions |
- |
- |
- |
- |
| Tangible assets |
25 |
(35.7) |
(32.3) |
39 |
| Other assets |
3,375 |
27.5 |
37.1 |
2,646 |
| Total assets/liabilities and equity |
156,030 |
(3.3) |
0.7 |
161,274 |
| Deposits from central banks and credit institutions |
53,983 |
2.9 |
5.0 |
52,447 |
| Deposits from customers |
38,777 |
6.0 |
18.5 |
36,589 |
| Debt certificates |
(102) |
(23.9) |
(23.9) |
(134) |
| Subordinated liabilities |
1,298 |
(3.6) |
3.0 |
1,347 |
| Inter-area positions |
4,661 |
(33.1) |
(29.7) |
6,964 |
| Financial liabilities held for trading |
49,374 |
(9.9) |
(9.2) |
54,812 |
| Other liabilities |
3,862 |
(25.3) |
(21.3) |
5,174 |
| Economic capital allocated |
4,177 |
2.5 |
8.8 |
4,075 |
Download Excel
| Relevant business indicators |
31-03-14 |
31-12-13 |
31-03-13 |
| Loans under management (1) |
47,604 |
45,150 |
49,752 |
| Customer deposits under management (1-2) |
29,396 |
31,125 |
24,812 |
| Mutual funds |
955 |
713 |
1,048 |
| Pension funds |
- |
- |
- |
| Efficiency ratio (%) |
26.9 |
30.5 |
28.7 |
| NPA ratio (%) |
1.6 |
1.6 |
1.5 |
| NPA coverage ratio (%) |
83 |
81 |
66 |
| Risk premium (%) |
0.29 |
0.19 |
0.48 |
(1) Figures at constant exchange rates.
(2) Including area’s repos in Mexico
