Corporate Center
| FINANCIAL STATEMENTS (MILLIONS OF EUROS AND PERCENTAGE) | |||
|---|---|---|---|
| Income statement | Jan.-Sep.26 | 𝚫 % | Jan.-Sep.25 (1) |
| Net interest income | (346) | 14.8 | (301) |
| Net fees and commissions | (109) | 44.4 | (75) |
| Net trading income | (215) | 15.5 | (186) |
| Other operating income and expenses | 90 | 44.1 | 62 |
| Gross income | (579) | 15.9 | (500) |
| Operating expenses | (638) | 21.8 | (524) |
| Personnel expenses | (748) | 19.5 | (626) |
| Other administrative expenses | 275 | 5.1 | 261 |
| Depreciation | (165) | 3.5 | (159) |
| Operating income | (1,217) | 18.9 | (1,024) |
| Impairment on financial assets not measured at fair value through profit or loss | 5 | n.s. | (1) |
| Provisions or reversal of provisions and other results | 2 | (90.9) | 25 |
| Profit (loss) before tax | (1,210) | 21.0 | (1,000) |
| Income tax | 249 | (11.5) | 282 |
| Profit (loss) for the period | (961) | 33.8 | (718) |
| Non-controlling interests | (13) | 159.3 | (5) |
| Net attributable profit (loss) | (974) | 34.6 | (723) |
| Balance sheets (1) | 30-09-26 | 𝚫 % | 31-12-25 (2) |
| Cash, cash balances at central banks and other demand deposits | 441 | (14.6) | 516 |
| Financial assets designated at fair value | 6,545 | (2.9) | 6,737 |
| Of which: Loans and advances | 0 | n.s. | — |
| Financial assets at amortized cost | 5,458 | 31.6 | 4,146 |
| Of which: Loans and advances to customers | 1,452 | n.s. | 361 |
| Inter-area positions | — | — | — |
| Tangible assets | 1,819 | (2.0) | 1,855 |
| Other assets | 14,956 | (4.8) | 15,714 |
| Total assets/liabilities and equity | 29,218 | 0.9 | 28,969 |
| Financial liabilities held for trading and designated at fair value through profit or loss | 140 | 0.6 | 139 |
| Deposits from central banks and credit institutions | 4,329 | 14.1 | 3,793 |
| Deposits from customers | 2,002 | 0.0 | 2,001 |
| Debt certificates issued | 2,490 | (36.0) | 3,888 |
| Inter-area positions | 5,576 | n.s. | 398 |
| Other liabilities | 5,808 | 19.8 | 4,847 |
| Allocated regulatory capital | (53,694) | 12.1 | (47,895) |
| Total equity | 62,568 | 1.2 | 61,798 |
| (1) Excluding deletions. (2) Revised balances. For more information, please refer to the “Business Areas” section. |
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Results
The Corporate Center recorded in the first nine months of 2026 a net attributable loss of €974 million, representing a deterioration of 34.6% compared to the €-723 million recorded in the same period of the previous year. This performance is mainly due to the increase in personnel expenses, which in the first nine months of 2026 include the impact of voluntary redundancies during the period. In the quarter, NTI gains stood out.
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