CIB highlights in 2012
- Lending activity continues strong in Latin America and reduction in Europe and the United States.
- Favorable trend in fund gathering in the fourth quarter, which represents a turning point following the rating downgrades announced during the year.
- Diversified revenue.
- Resilience and recurrence of earnings in a very complex environment.
- Leadership positions in M&A and in equity market in Spain.
- Several awards and recognitions received.
Income statement
(Million euros)
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Corporate & Investment Banking | ||||
|---|---|---|---|---|---|
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2012 | Δ% | Δ% (1) | 2011 | 2010 |
| Net interest income | 1,713 | 9.3 | 7.1 | 1,567 | 1,556 |
| Net fees and commissions | 713 | 11.9 | 10.4 | 637 | 628 |
| Net trading income | 274 | 36.6 | 27.6 | 201 | 292 |
| Other income/expenses | 67 | (12.1) | (9.2) | 76 | 134 |
| Gross income | 2,767 | 11.6 | 9.2 | 2,481 | 2,609 |
| Operating costs | (889) | 5.1 | 3.5 | (846) | (738) |
| Personnel expenses | (498) | 1.6 | 0.6 | (490) | (441) |
| General and administrative expenses | (375) | 7.5 | 5.1 | (349) | (289) |
| Depreciation and amortization | (16) | 130.1 | 125.4 | (7) | (7) |
| Operating income | 1,878 | 14.9 | 12.1 | 1,635 | 1,871 |
| Impairment on financial assets (net) | (191) | 114.2 | 113.2 | (89) | (202) |
| Provisions (net) and other gains (losses) | (31) | 126.3 | 120.2 | (14) | 4 |
| Income before tax | 1,655 | 8.1 | 5.4 | 1,532 | 1,673 |
| Income tax | (479) | 13.9 | 10.9 | (421) | (447) |
| Net incomes | 1,176 | 5.9 | 3.3 | 1,111 | 1,225 |
| Non-controlling interests | (127) | 56.5 | 44.0 | (81) | (98) |
| Net attributable profit | 1,049 | 1.9 | (0.1) | 1,030 | 1,128 |
Balance sheet
(Million euros)
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Corporate & Investment Banking | ||||
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31-12-12 | Δ% | Δ% (1) | 31-12-11 | 31-12-10 |
| Cash and balances with central banks | 13,029 | (1.2) | (1.1) | 13,187 | 3,699 |
| Financial assets | 83,867 | 12.5 | 11.3 | 74,518 | 65,421 |
| Loans and receivables | 59,264 | (14.6) | (14.9) | 69,382 | 68,468 |
| Loans and advances to customers | 48,592 | (16.2) | (16.6) | 57,963 | 55,927 |
| Loans and advances to credit institutions and others | 10,671 | (6.5) | (6.1) | 11,418 | 12,540 |
| Inter-area positions | 14,974 | 88.1 | 87.6 | 7,960 | 25,078 |
| Tangible assets | 41 | 38.6 | 38.5 | 29 | 23 |
| Other assets | 3,396 | 28.6 | 28.4 | 2,641 | 1,656 |
| Total assets/Liabilities and equity | 174,572 | 4.1 | 3.4 | 167,717 | 164,345 |
| Deposits from central banks and credit institutions | 68,835 | 12.8 | 11.6 | 61,030 | 49,323 |
| Deposits from customers | 36,442 | (11.9) | (12.7) | 41,387 | 65,385 |
| Debt certificates | (228) | 226.1 | 226.1 | (70) | 1 |
| Subordinated liabilities | 1,655 | (26.5) | (27.3) | 2,250 | 1,691 |
| Inter-area positions | - | - | - | - | - |
| Financial liabilities held for trading | 56,201 | 13.7 | 13.6 | 49,429 | 35,699 |
| Other liabilities | 6,290 | (32.4) | (32.3) | 9,305 | 9,191 |
| Economic capital allocated | 5,378 | 22.6 | 22.1 | 4,386 | 3,055 |