Corporate Center
| FINANCIAL STATEMENTS (MILLIONS OF EUROS AND PERCENTAGE) | |||
|---|---|---|---|
| Income statement | 1H25 | 𝚫 % | 1H24 (1) |
| Net interest income | (199) | 14.5 | (174) |
| Net fees and commissions | (62) | 57.7 | (40) |
| Net trading income | (85) | 68.5 | (50) |
| Other operating income and expenses | 62 | n.s. | (10) |
| Gross income | (285) | 3.8 | (274) |
| Operating expenses | (298) | (16.2) | (356) |
| Personnel expenses | (407) | 10.0 | (370) |
| Other administrative expenses | 216 | 78.2 | 121 |
| Depreciation | (107) | 0.1 | (107) |
| Operating income | (583) | (7.5) | (630) |
| Impairment on financial assets not measured at fair value through profit or loss | (2) | n.s. | — |
| Provisions or reversal of provisions and other results | 20 | (57.1) | 48 |
| Profit (loss) before tax | (564) | (3.1) | (582) |
| Income tax | 161 | 267.0 | 44 |
| Profit (loss) for the period | (403) | (25.2) | (538) |
| Non-controlling interests | (9) | 284.5 | (2) |
| Net attributable profit (loss) | (411) | (23.9) | (541) |
| Balance sheets | 30-06-25 | 𝚫 % | 31-12-24 (1) |
| Cash, cash balances at central banks and other demand deposits | 511 | (13.9) | 594 |
| Financial assets designated at fair value | 7,222 | (9.8) | 8,007 |
| Of which: Loans and advances | — | — | — |
| Financial assets at amortized cost | 4,262 | 4.1 | 4,095 |
| Of which: Loans and advances to customers | 622 | 109.2 | 297 |
| Inter-area positions | — | — | — |
| Tangible assets | 1,861 | (2.7) | 1,912 |
| Other assets | 15,655 | (3.2) | 16,168 |
| Total assets/liabilities and equity | 29,511 | (4.1) | 30,777 |
| Financial liabilities held for trading and designated at fair value through profit or loss | 74 | (8.7) | 82 |
| Deposits from central banks and credit institutions | 4,021 | (14.8) | 4,721 |
| Deposits from customers | 1,853 | (9.9) | 2,057 |
| Debt certificates | 2,717 | 56.6 | 1,735 |
| Inter-area positions | 3,745 | (36.2) | 5,871 |
| Other liabilities | 3,759 | 6.2 | 3,539 |
| Regulatory capital allocated | (47,545) | 0.6 | (47,242) |
| Total equity | 60,887 | 1.5 | 60,014 |
| (1) Revised balances. For more information, please refer to the “Business Areas” section. | |||
Results
The Corporate Center recorded between January and June of 2025 a net attributable loss of €-411m, which is an improvement compared with the €-541m recorded in the same period of the previous year driven by the evolution of results hedges, with a negative impact in the first half of 2025 originating in the US dollar and, to a lesser extent, by hedges of the Mexican peso in the first half of 2024.
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