The United States highlights in the second quarter
- Growth of lending, particularly in the targeted portfolios.
- Increase of lower-cost customer funds.
- Revenue significantly affected by the current interest-rate environment.
- Costs in check.
- Another improvement in risk indicators.
Income statement
(Million euros)
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The United States | |||
|---|---|---|---|---|
|
|
1H13 | Δ % | Δ % (1) | 1H12 |
| Net interest income | 702 | (10.8) | (9.5) | 786 |
| Net fees and commissions | 276 | (8.5) | (7.2) | 301 |
| Net trading income | 95 | (0.5) | 1.3 | 95 |
| Other income/expenses | 1 | n.m. | n.m. | (31) |
| Gross income | 1,073 | (6.8) | (5.5) | 1,151 |
| Operating costs | (733) | (1.1) | 0.3 | (741) |
| Personnel expenses | (408) | (5.1) | (3.7) | (430) |
| General and administrative expenses | (235) | 3.7 | 5.1 | (227) |
| Depreciation and amortization | (90) | 6.2 | 7.6 | (85) |
| Operating income | 340 | (17.0) | (15.8) | 410 |
| Impairment on financial assets (net) | (37) | (11.4) | (10.3) | (42) |
| Provisions (net) and other gains (losses) | (2) | (91.1) | (91.0) | (28) |
| Income before taxes | 301 | (11.7) | (10.4) | 341 |
| Income taxes | (88) | (18.2) | (17.0) | (108) |
| Net incomes | 213 | (8.7) | (7.3) | 233 |
| Non-controlling interests | - | n.m. | n.m. | - |
| Net attributable profit | 213 | (8.7) | (7.3) | 233 |
Balance sheet
(Million euros)
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|
The United States | |||
|---|---|---|---|---|
|
|
30-06-13 | Δ % | Δ % (1) | 30-06-12 |
| Cash and balances with central banks | 3,833 | 48.7 | 54.5 | 2,577 |
| Financial assets | 7,774 | (7.1) | (3.5) | 8,371 |
| Loans and receivables | 39,924 | (3.9) | (0.2) | 41,544 |
| Loans and advances to customers | 37,523 | (4.7) | (1.0) | 39,361 |
| Loans and advances to credit institutions and other | 2,401 | 10.0 | 14.3 | 2,183 |
| Inter-area positions | - | - | - | - |
| Tangible assets | 762 | (7.3) | (3.7) | 822 |
| Other assets | 2,252 | 12.4 | 16.8 | 2,003 |
| Total assets/Liabilities and equity | 54,544 | (1.4) | 2.4 | 55,316 |
| Deposits from central banks and credit institutions | 5,197 | (28.6) | (25.9) | 7,283 |
| Deposits from customers | 39,812 | 4.5 | 8.6 | 38,101 |
| Debt certificates | - | - | - | - |
| Subordinated liabilities | 703 | (22.7) | (19.7) | 909 |
| Inter-area positions | 1,400 | (23.9) | (21.0) | 1,841 |
| Financial liabilities held for trading | 243 | (48.0) | (46.0) | 467 |
| Other liabilities | 4,500 | 16.5 | 21.0 | 3,863 |
| Economic capital allocated | 2,690 | (5.7) | (2.0) | 2,853 |
Relevant business indicators
(Million euros and percentage)
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|
|
The United States | ||
|---|---|---|---|
|
|
30-06-13 | 31-12-12 | 30-06-12 |
| Performing loans (1) | 39,275 | 37,837 | 38,835 |
| Customer deposits under management (1-2) | 39,380 | 38,050 | 35,282 |
| Mutual funds | - | - | - |
| Pension funds | - | - | - |
| Efficiency ratio (%) | 68.3 | 67.1 | 64.4 |
| NPA ratio (%) | 1.5 | 2.4 | 2.8 |
| NPA coverage ratio (%) | 118 | 90 | 82 |
| Risk premium (%) | 0.20 | 0.19 | 0.21 |