Eurasia highlights in the second quarter
- Garanti has consolidated its position as the area’s engine of growth.
- In business activity, good performance by the retail business, both in lending and customer funds.
- Growth of operating income, with resilient gross income and a reduction in operating expenses.
- Risk indicators at similar levels to the previous quarter.
Income statement (1)
(Million euros)
Download Excel
|
|
Eurasia | ||
|---|---|---|---|
|
|
1H13 | Δ % | 1H12 |
| Net interest income | 490 | 26.9 | 386 |
| Net fees and commissions | 206 | (12.1) | 235 |
| Net trading income | 166 | 100.8 | 83 |
| Other income/expenses | 242 | (38.4) | 393 |
| Gross income | 1,104 | 0.7 | 1,097 |
| Operating costs | (360) | (1.5) | (366) |
| Personnel expenses | (190) | (1.5) | (193) |
| General and administrative expenses | (144) | (1.6) | (146) |
| Depreciation and amortization | (27) | (0.8) | (27) |
| Operating income | 744 | 1.8 | 731 |
| Impairment on financial assets (net) | (191) | 148.2 | (77) |
| Provisions (net) and other gains (losses) | (35) | 80.8 | (19) |
| Income before tax | 518 | (18.4) | 635 |
| Income tax | (89) | 58.3 | (56) |
| Net income | 429 | (25.8) | 579 |
| Non-controlling interests | - | - | - |
| Net attributable profit | 429 | (25.8) | 579 |
Balance sheet (1)
(Million euros)
Download Excel
|
|
Eurasia | ||
|---|---|---|---|
|
|
30-06-13 | Δ % | 30-06-12 |
| Cash and balances with central banks | 2,168 | 24.2 | 1,746 |
| Financial assets | 11,665 | (6.9) | 12,534 |
| Loans and receivables | 31,940 | (13.5) | 36,930 |
| Loans and advances to customers | 29,082 | (12.0) | 33,056 |
| Loans and advances to credit institutions and other | 2,858 | (26.2) | 3,874 |
| Inter-area positions | - | - | - |
| Tangible assets | 286 | (52.6) | 604 |
| Other assets | 1,268 | 15.1 | 1,101 |
| Total assets/Liabilities and equity | 47,327 | (10.6) | 52,915 |
| Deposits from central banks and credit institutions | 14,171 | (9.0) | 15,567 |
| Deposits from customers | 17,432 | (16.2) | 20,813 |
| Debt certificates | 1,185 | 44.4 | 821 |
| Subordinated liabilities | 941 | 1.1 | 931 |
| Inter-area positions | 4,530 | (19.3) | 5,614 |
| Financial liabilities held for trading | 312 | (32.3) | 461 |
| Other liabilities | 4,157 | 0.5 | 4,139 |
| Economic capital allocated | 4,598 | 0.6 | 4,569 |
Relevant business indicators
(Million euros and percentage)
Download Excel
|
|
Eurasia | ||
|---|---|---|---|
|
|
30-06-13 | 31-12-12 | 30-06-12 |
| Performing loans | 29,374 | 29,458 | 33,228 |
| Customer deposits under management (1) | 16,510 | 16,484 | 19,170 |
| Mutual funds | 1,365 | 1,408 | 1,483 |
| Pension funds | 657 | 608 | 561 |
| Efficiency ratio (%) | 32.6 | 35.2 | 33.3 |
| NPA ratio (%) | 3.0 | 2.8 | 1.4 |
| NPA coverage ratio (%) | 88 | 87 | 118 |
| Risk premium (%) | 1.28 | 0.97 | 0.45 |