Logotype

January-March 2013

Mexico

Mexico highlights in the first quarter

  • Strong lending activity, particularly in SMEs and credit cards.
  • Good performance of demand deposits.
  • Sound operating income.
  • Stable risk indicators.
  • Announcement of an investment plan amounting to approximately €2,700m.
Income statement

(Million euros)

Excel Download Excel

Mexico

1Q13 Δ % Δ % (1) 1Q12
Net interest income 1,088 7.2 5.2 1,015
Net fees and commissions 272 6.8 4.8 255
Net trading income 65 (6.9) (8.6) 69
Other income/expenses 91 46.2 43.5 62
Gross income 1,516 8.1 6.1 1,402
Operating costs (579) 8.2 6.2 (535)
Personnel expenses (246) 9.0 7.0 (225)
General and administrative expenses (294) 5.4 3.5 (279)
Depreciation and amortization (39) 27.1 24.8 (31)
Operating income 937 8.1 6.1 866
Impairment on financial assets (net) (351) 11.8 9.8 (314)
Provisions (net) and other gains (losses) (14) (1.1) (2.9) (14)
Income before tax 571 6.2 4.2 538
Income tax (142) 9.6 7.6 (129)
Net income from ongoing operations 430 5.1 3.2 409
Net income from discontinued operations 6 (74.1) (74.6) 22
Net income 435 1.0 (0.8) 431
Non-controlling interests (0) (81.7) (82.0) (1)
Net attributable profit 435 1.2 (0.7) 430
(1) At constant exchange rate.
Balance sheet

(Million euros)

Excel Download Excel

Mexico

31-03-13 Δ % Δ % (1) 31-03-12
Cash and balances with central banks 6,604 27.7 18.6 5,173
Financial assets 28,761 4.4 (3.0) 27,555
Loans and receivables 45,073 13.1 5.1 39,841
Loans and advances to customers 40,505 14.3 6.2 35,429
Loans and advances to credit institutions and other 4,568 3.5 (3.8) 4,412
Tangible assets 1,310 23.7 14.9 1,059
Other assets 3,979 73.7 61.4 2,290
Total assets/Liabilities and equity 85,726 12.9 4.9 75,918
Deposits from central banks and credit institutions 9,026 (11.8) (18.0) 10,228
Deposits from customers 40,916 11.4 3.5 36,714
Debt certificates 4,485 (0.6) (7.6) 4,512
Subordinated liabilities 4,451 65.9 54.2 2,682
Financial liabilities held for trading 6,956 21.0 12.4 5,751
Other liabilities 15,748 36.4 26.7 11,545
Economic capital allocated 4,143 (7.7) (14.2) 4,487
(1) At constant exchange rate.
Relevant business indicators

(Million euros and percentage)

Excel Download Excel

Mexico

31-03-13 31-12-12 31-03-12
Performing loans 40,176 37,038 34,955
Deposits from customers (1) 42,313 40,404 39,569
Mutual funds 18,612 17,492 16,000
Pension funds - - -
Efficiency ratio (%) 38.2 37.7 38.2
NPA ratio (%) 3.7 3.8 3.8
NPA coverage ratio (%) 117 114 116
Risk premium (%) 3.56 3.48 3.49
(1) Including all the repos.

Tools