Corporate Center
| FINANCIAL STATEMENTS (MILLIONS OF EUROS AND PERCENTAGE) | |||
|---|---|---|---|
| Income statement | 1Q25 | ∆ % | 1Q24 (1) |
| Net interest income | (99) | 55.0 | (64) |
| Net fees and commissions | (26) | 133.0 | (11) |
| Net trading income | 61 | n.s. | (259) |
| Other operating income and expenses | 8 | 55.5 | 5 |
| Gross income | (55) | (83.1) | (329) |
| Operating expenses | (190) | 13.3 | (167) |
| Personnel expenses | (204) | 12.7 | (181) |
| Other administrative expenses | 69 | 2.8 | 67 |
| Depreciation | (54) | 2.1 | (53) |
| Operating income | (245) | (50.6) | (496) |
| Impairment on financial assets not measured at fair value through profit or loss | (1) | n.s. | 1 |
| Provisions or reversal of provisions and other results | 4 | (90.1) | 36 |
| Profit (loss) before tax | (242) | (47.2) | (459) |
| Income tax | 41 | (67.1) | 125 |
| Profit (loss) for the period | (201) | (39.7) | (334) |
| Non-controlling interests | (6) | 39.2 | (5) |
| Net attributable profit (loss) | (208) | (38.7) | (339) |
Balance sheets | 31-03-25 | ∆ % | 31-12-24 (1) |
| Cash, cash balances at central banks and other demand deposits | 445 | (25.1) | 594 |
| Financial assets designated at fair value | 6,958 | (13.1) | 8,007 |
| Of which: Loans and advances | — | — | — |
| Financial assets at amortized cost | 4,542 | 10.9 | 4,095 |
| Of which: Loans and advances to customers | 491 | 65.4 | 297 |
| Inter-area positions | — | — | — |
| Tangible assets | 1,880 | (1.7) | 1,912 |
| Other assets | 14,966 | (7.4) | 16,168 |
| Total assets/liabilities and equity | 28,790 | (6.5) | 30,777 |
| Financial liabilities held for trading and designated at fair value through profit or loss | 79 | (2.6) | 82 |
| Deposits from central banks and credit institutions | 3,965 | (16.0) | 4,721 |
| Deposits from customers | 1,693 | (17.7) | 2,057 |
| Debt certificates | 2,714 | 56.4 | 1,735 |
| Inter-area positions | 2,850 | (51.4) | 5,871 |
| Other liabilities | 6,097 | 72.3 | 3,539 |
| Regulatory capital allocated | (47,872) | 1.3 | (47,242) |
| Total equity | 59,264 | (1.3) | 60,014 |
(1) Revised balances. For more information, please refer to the “Business Areas” section.
Results
The Corporate Center recorded in the first quarter of 2025 a net attributable loss of €-208m, which is an improvement compared with the €-339m recorded in the same period of the previous year, mainly due to the favorable evolution of the NTI which, in the first quarter of 2024 recorded a negative contribution, due to the foreign exchange hedges.