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)
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|
|
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 |
Balance sheet
(Million euros)
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|
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 |
Relevant business indicators
(Million euros and percentage)
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|
|
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 |