South America highlights in the third quarter
- Buoyant activity.
- Strong revenues.
- Stable risk indicators.
- Agreement for the sale of the business in Panama.
- Closing of the agreement for the sale of AFP Provida in Chile.
Income statement
(Million euros)
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South America | |||
|---|---|---|---|---|
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Jan.-Sep. 13 | Δ % | Δ % (1) | Jan.-Sep. 12 |
| Net interest income | 3,345 | 8.6 | 29.2 | 3,081 |
| Net fees and commissions | 693 | 5.0 | 22.3 | 660 |
| Net trading income | 505 | 50.2 | 73.1 | 336 |
| Other income/expenses | (511) | 208.1 | n.m. | (166) |
| Gross income | 4,032 | 3.1 | 20.4 | 3,911 |
| Operating costs | (1,747) | 5.2 | 21.8 | (1,661) |
| Personnel expenses | (878) | 4.5 | 19.9 | (840) |
| General and administrative expenses | (747) | 7.2 | 24.5 | (697) |
| Depreciation and amortization | (123) | (1.4) | 19.9 | (125) |
| Operating income | 2,285 | 1.5 | 19.4 | 2,250 |
| Impairment on financial assets (net) | (485) | 18.7 | 35.8 | (409) |
| Provisions (net) and other gains (losses) | (89) | (30.1) | 2.5 | (127) |
| Income before tax | 1,711 | (0.2) | 16.4 | 1,714 |
| Income tax | (405) | 6.9 | 22.1 | (379) |
| Net income | 1,306 | (2.2) | 14.7 | 1,336 |
| Non-controlling interests | (421) | (1.7) | 19.0 | (428) |
| Net attributable profit | 885 | (2.5) | 12.8 | 908 |
Balance sheet
(Million euros)
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South America | |||
|---|---|---|---|---|
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30-09-13 | Δ % | Δ % (1) | 30-09-12 |
| Cash and balances with central banks | 11,024 | 19.0 | 49.8 | 9,261 |
| Financial assets | 10,119 | (7.9) | 10.1 | 10,984 |
| Loans and receivables | 49,852 | (0.4) | 18.8 | 50,043 |
| Loans and advances to customers | 44,922 | (1.1) | 17.4 | 45,407 |
| Loans and advances to credit institutions and other | 4,930 | 6.3 | 33.2 | 4,636 |
| Tangible assets | 868 | 4.6 | 29.8 | 830 |
| Other assets | 3,520 | 76.7 | 108.1 | 1,992 |
| Total assets/Liabilities and equity | 75,382 | 3.1 | 23.8 | 73,110 |
| Deposits from central banks and credit institutions | 4,744 | (24.8) | (15.7) | 6,307 |
| Deposits from customers | 51,024 | 3.2 | 26.4 | 49,434 |
| Debt certificates | 3,632 | 5.0 | 17.3 | 3,459 |
| Subordinated liabilities | 1,277 | 4.4 | 16.5 | 1,223 |
| Financial liabilities held for trading | 964 | (14.4) | (4.4) | 1,127 |
| Other liabilities | 10,592 | 23.7 | 47.7 | 8,561 |
| Economic capital allocated | 3,149 | 5.0 | 25.9 | 2,999 |
Relevant business indicators
(Million euros and percentage)
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South America | ||
|---|---|---|---|
|
|
30-09-13 | 31-12-12 | 30-09-12 |
| Performing loans (1) | 45,661 | 41,000 | 38,930 |
| Customer deposits under management (1-2) | 54,984 | 47,214 | 43,259 |
| Mutual funds | 2,947 | 3,355 | 3,239 |
| Pension funds | 3,352 | 3,081 | 2,983 |
| Efficiency ratio (%) | 43.3 | 42.8 | 42.5 |
| NPA ratio (%) | 2.2 | 2.1 | 2.2 |
| NPA coverage ratio (%) | 137 | 146 | 142 |
| Risk premium (%) | 1.39 | 1.34 | 1.26 |