Highlights in the first quarter of 2014
- The adjustment of residential supply is practically complete.
- Prices have started to show signs of stabilization.
- New reduction in BBVA’s net exposure to the real-estate sector.
- Maintenance of real-estate sales levels.
- Favorable performance in non-performing assets.
Financial statements
(Million euros)
Download Excel
| Income statement | 1Q14 | Δ % | 1Q13 |
|---|---|---|---|
| Net interest income | (9) | n.m. | 14 |
| Net fees and commissions | 1 | (57.2) | 3 |
| Net trading income | 15 | 21.0 | 12 |
| Other income/expenses | (43) | 51.2 | (28) |
| Gross income | (35) | n.m. | 1 |
| Operating expenses | (38) | (1.6) | (39) |
| Personnel expenses | (20) | (15.5) | (24) |
| General and administrative expenses | (13) | 42.2 | (9) |
| Depreciation and amortization | (5) | (10.5) | (6) |
| Operating income | (74) | 92.7 | (38) |
| Impairment on financial assets (net) | (77) | (49.5) | (153) |
| Provisions (net) and other gains (losses) | (168) | (38.7) | (273) |
| Income before tax | (318) | (31.5) | (465) |
| Income tax | 90 | (28. 4) | 126 |
| Net income | (228) | (32.6) | (339) |
| Non-controlling interests | (3) | (31.7) | (4) |
| Net attributable profit | (231) | (32.6) | (343) |
Download Excel
| Balance sheet | 31-03-14 | Δ % | 31-03-13 |
|---|---|---|---|
| Cash and balances with central banks | 5 | 45.7 | 4 |
| Financial assets | 942 | (17.7) | 1,144 |
| Loans and receivables | 10,072 | (16.6) | 12,078 |
| Loans and advances to customers | 10,072 | (16.6) | 12,078 |
| Loans and advances to credit institutions and other | - | - | - |
| Inter-area positions | - | - | - |
| Tangible assets | 1,600 | (11.0) | 1,799 |
| Other assets | 7,387 | 4.6 | 7,065 |
| Total assets/liabilities and equity | 20,006 | (9.4) | 22,089 |
| Deposits from central banks and credit institutions | - | - | - |
| Deposits from customers | 100 | (40.5) | 168 |
| Debt certificates | - | - | - |
| Subordinated liabilities | 962 | 13.8 | 845 |
| Inter-area positions | 15,073 | (14.8) | 17,695 |
| Financial liabilities held for trading | - | - | - |
| Other liabilities | - | - | - |
| Economic capital allocated | 3,871 | 14.5 | 3,381 |
