Corporate Center

FINANCIAL STATEMENTS (MILLIONS OF EUROS AND PERCENTAGE)
Income statement Jan.-Sep.24∆ %Jan.-Sep.23(1)
Net interest income(359)41.8(253)
Net fees and commissions (36)(9.8)(40)
Net trading income68n.s.(697)
Other operating income and expenses(6)n.s.48
Gross income(332)(64.7)(942)
Operating expenses(561)2.4(547)
Personnel expenses(561)15.2(487)
Other administrative expenses16069.494
Depreciation(160)2.9(155)
Operating income (893)(40.1)(1,490)
Impairment on financial assets not measured at fair value through profit or loss128.31
Provisions or reversal of provisions and other results50n.s.(2)
Profit (loss) before tax(842)(43.5)(1,491)
Income tax97(54.4)212
Profit (loss) for the period(746)(41.7)(1,278)
Non-controlling interests1(72.5)5
Net attributable profit (loss)(744)(41.6)(1,274)

Balance sheets

30-09-24

∆ %

31-12-23
Cash, cash balances at central banks and other demand deposits637(6.9)684
Financial assets designated at fair value 3,21227.82,512
Of which: Loans and advances
Financial assets at amortized cost3,9749.73,622
Of which: Loans and advances to customers40877.2230
Inter-area positions
Tangible assets1,91510.91,727
Other assets14,430(0.7)14,530
Total assets/liabilities and equity24,1684.723,074
Financial liabilities held for trading and designated at fair value through profit or loss69(45.1)125
Deposits from central banks and credit institutions758(1.0)765
Deposits from customers1831.0181
Debt certificates1,836n.s.380
Inter-area positions5,214(10.2)5,809
Other liabilities5,25146.63,581
Regulatory capital allocated(45,914)6.7(43,033)
Total equity56,7722.755,265

(1) Saldos reexpresados. Para más información, consúltese el apartado "Áreas de negocio".

Results


The Corporate Center recorded a net attributable loss of €-744m between January and September of 2024, which is an improvement compared with the €-1,274m recorded in the same period of the previous year, mainly due to the favorable evolution of the NTI. The above is the result of the positive contribution from the second quarter of 2024 from the hedges of foreign currency positions, which contrasts with the negative contribution in the first nine months of 2023, originating in both periods in the Mexican peso.

Read legal disclaimer of this report.