Highlights in 2013
- Management in a complex environment.
- Increases in market share of lending and customer funds.
- Risk indicators reflect impact of classifying refinanced loans and deleveraging.
- Moving towards normal conditions in terms of costs of risks.
- Reinsurance agreement on the individual life and accident insurance portfolio.
Improved outlook
Income statement
(Million euros)
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|
|
Spain | |||
|---|---|---|---|---|
|
|
2013 | Δ% | 2012 | 2011 |
| Net interest income | 3,830 | (19.3) | 4,748 | 4,248 |
| Net fees and commissions | 1,376 | 2.5 | 1,342 | 1,291 |
| Net trading income | 807 | 215.2 | 256 | 238 |
| Other income/expenses | 82 | (74.2) | 318 | 468 |
| Gross income | 6,095 | (8.5) | 6,665 | 6,246 |
| Operating expenses | (3,014) | 4.4 | (2,887) | (2,837) |
| Personnel expenses | (1,851) | 3.1 | (1,795) | (1,781) |
| General and administrative expenses | (1,052) | 5.9 | (993) | (955) |
| Depreciation and amortization | (111) | 12.2 | (99) | (101) |
| Operating income | 3,081 | (18.4) | 3,778 | 3,408 |
| Impairment on financial assets (net) | (2,577) | 39.1 | (1,853) | (1,619) |
| Provisions (net) and other gains (losses) | (282) | 3.3 | (273) | (274) |
| Income before tax | 222 | (86.5) | 1,652 | 1,515 |
| Income tax | (60) | (87.8) | (487) | (438) |
| Net income from ongoing operations | 163 | (86.0) | 1,165 | 1,077 |
| Results from corporate operations | 440 | - | - | - |
| Net income | 603 | (48.3) | 1,165 | 1,077 |
| Non-controlling interests | (20) | n.m. | (3) | (2) |
| Net attributable profit | 583 | (49.8) | 1,162 | 1,075 |
Balance sheet
(Million euros)
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|
|
Spain | |||
|---|---|---|---|---|
|
|
31-12-13 | Δ% | 31-12-12 | 31-12-11 |
| Cash and balances with central banks | 11,389 | 6.1 | 10,736 | 12,321 |
| Financial assets | 99,483 | (8.0) | 108,190 | 88,816 |
| Loans and receivables | 189,558 | (7.6) | 205,163 | 204,675 |
| Loans and advances to customers | 173,047 | (8.5) | 189,065 | 190,906 |
| Loans and advances to credit institutions and others | 16,510 | 2.6 | 16,098 | 13,769 |
| Inter-area positions | 13,859 | (24.7) | 18,408 | 15,105 |
| Tangible assets | 781 | (5.7) | 828 | 909 |
| Other assets | 492 | (75.9) | 2,037 | 1,423 |
| Total assets/Liabilities and equity | 315,561 | (8.6) | 345,362 | 323,249 |
| Deposits from central banks and credit institutions | 57,562 | (13.2) | 66,321 | 52,158 |
| Deposits from customers | 157,466 | 8.5 | 145,164 | 146,054 |
| Debt certificates | 49,281 | (28.3) | 68,748 | 64,882 |
| Subordinated liabilities | 2,411 | (31.7) | 3,531 | 5,299 |
| Inter-area positions | - | - | - | - |
| Financial liabilities held for trading | 38,435 | (20.6) | 48,377 | 44,012 |
| Other liabilities | 814 | (31.9) | 1,195 | 2,086 |
| Economic capital allocated | 9,592 | (20.2) | 12,027 | 8,757 |
Relevant business indicators
(Million euros and percentage)
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|
|
Spain | ||
|---|---|---|---|
|
|
31-12-13 | 31-12-12 | 31-12-11 |
| Performing loans | 165,813 | 184,697 | 187,339 |
| Customer deposits under management (1) | 147,782 | 133,802 | 109,160 |
| Mutual funds | 22,298 | 19,116 | 19,598 |
| Pension funds | 20,428 | 18,577 | 17,224 |
| Efficiency ratio (%) | 49.5 | 43.3 | 45.4 |
| NPA ratio (%) | 6.4 | 4.1 | 3.1 |
| NPA coverage ratio (%) | 41 | 48 | 51 |
| Risk premium (%) | 1.36 | 0.95 | 0.83 |
