Highlights in the first quarter of 2014
- High rate of activity growth.
- Excellent risk indicators.
- Revenue growth after several quarters of decreases.
- The BBVA Compass capital plan was approved with no objections.
- Acquisition of Simple.
Financial statements and relevant business indicators
(Million euros and percentage)
Download Excel
| Income statement |
1Q14 |
Δ % |
Δ % (1) |
1Q13 |
| Net interest income |
345 |
(0.6) |
3.2 |
347 |
| Net fees and commissions |
133 |
9.2 |
13.5 |
122 |
| Net trading income |
37 |
3.9 |
8.2 |
35 |
| Other income/expenses |
2 |
n.m. |
n.m. |
(2) |
| Gross income |
517 |
2.9 |
6.8 |
503 |
| Operating expenses |
(351) |
1.3 |
5.2 |
(347) |
| Personnel expenses |
(206) |
(0.5) |
3.4 |
(207) |
| General and administrative expenses |
(102) |
6.5 |
10.6 |
(95) |
| Depreciation and amortization |
(43) |
(1.4) |
2.3 |
(44) |
| Operating income |
166 |
6.4 |
10.4 |
156 |
| Impairment on financial assets (net) |
(20) |
23.4 |
28.1 |
(16) |
| Provisions (net) and other gains (losses) |
(3) |
n.m. |
n.m. |
1 |
| Income before tax |
143 |
1.1 |
4.9 |
141 |
| Income tax |
(38) |
(20.4) |
(17.4) |
(47) |
| Net incomes |
105 |
11.8 |
16.1 |
94 |
| Non-controlling interests |
- |
- |
- |
- |
| Net attributable profit |
105 |
11.8 |
16.1 |
94 |
Download Excel
| Balance sheet |
31-03-14 |
Δ % |
Δ % (1) |
31-03-13 |
| Cash and balances with central banks |
4,479 |
(7.1) |
0.1 |
4,819 |
| Financial assets |
7,358 |
(12.3) |
(5.6) |
8,394 |
| Loans and receivables |
41,083 |
4.6 |
12.7 |
39,265 |
| Loans and advances to customers |
39,621 |
6.9 |
15.1 |
37,076 |
| Loans and advances to credit institutions and other |
1,461 |
(33.3) |
(28.1) |
2,190 |
| Inter-area positions |
- |
- |
- |
- |
| Tangible assets |
658 |
(14.8) |
(8.2) |
772 |
| Other assets |
2,180 |
(8.9) |
(1.9) |
2,393 |
| Total assets/liabilities and equity |
55,756 |
0.2 |
7.9 |
55,643 |
| Deposits from central banks and credit institutions |
3,683 |
(31.4) |
(26.1) |
5,368 |
| Deposits from customers |
42,534 |
3.5 |
11.4 |
41,094 |
| Debt certificates |
- |
- |
- |
- |
| Subordinated liabilities |
651 |
(25.1) |
(19.3) |
869 |
| Inter-area positions |
1,673 |
84.3 |
98.5 |
908 |
| Financial liabilities held for trading |
178 |
(42.6) |
(38.2) |
310 |
| Other liabilities |
4,748 |
4.5 |
12.5 |
4,545 |
| Economic capital allocated |
2,289 |
(10.2) |
(3.3) |
2,549 |
Download Excel
| Relevant business indicators |
31-03-14 |
31-12-13 |
31-03-13 |
| Loans under management (1) |
40,753 |
39,276 |
35,946 |
| Customer deposits under management (1-2) |
39,546 |
38,456 |
37,150 |
| Mutual funds |
- |
- |
- |
| Pension funds |
- |
- |
- |
| Efficiency ratio (%) |
67.9 |
69.8 |
69.0 |
| NPA ratio (%) |
1.0 |
1.2 |
1.8 |
| NPA coverage ratio (%) |
160 |
134 |
109 |
| Risk premium (%) |
0.20 |
0.20 |
0.17 |
(1) Figures at constant exchange rate.
(2) Excludes repos.
