The United States highlights in the fourth quarter
- Very favorable quarter in all credit portfolios and in lower-cost deposits.
- Excellent risk indicators.
- Slight increase in net interest income.
- Cost control.
Income statement
(Million euros)
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The United States | |||
|---|---|---|---|---|
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2013 | Δ % | Δ % (1) | 2012 |
| Net interest income | 1,407 | (9.3) | (6.2) | 1,551 |
| Net fees and commissions | 557 | (4.0) | (0.8) | 581 |
| Net trading income | 139 | (8.6) | (5.4) | 153 |
| Other income/expenses | (3) | (93.9) | (93.7) | (41) |
| Gross income | 2,101 | (6.3) | (3.1) | 2,243 |
| Operating expenses | (1,475) | (2.1) | 1.3 | (1,506) |
| Personnel expenses | (812) | (3.4) | (0.1) | (840) |
| General and administrative expenses | (484) | 0.7 | 4.1 | (481) |
| Depreciation and amortization | (179) | (3.0) | 0.2 | (185) |
| Operating income | 627 | (15.0) | (12.1) | 737 |
| Impairment on financial assets (net) | (78) | 8.7 | 12.7 | (72) |
| Provisions (net) and other gains (losses) | (14) | (69.1) | (68.1) | (46) |
| Income before tax | 534 | (13.7) | (10.8) | 619 |
| Income tax | (144) | (18.5) | (15.8) | (177) |
| Net incomes | 390 | (11.8) | (8.8) | 442 |
| Non-controlling interests | - | - | - | - |
| Net attributable profit | 390 | (11.8) | (8.8) | 443 |
Balance sheet
(Million euros)
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The United States | |||
|---|---|---|---|---|
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31-12-13 | Δ % | Δ % (1) | 31-12-12 |
| Cash and balances with central banks | 3,362 | (37.6) | (34.7) | 5,384 |
| Financial assets | 7,231 | (4.7) | (0.3) | 7,584 |
| Loans and receivables | 39,673 | 3.6 | 8.2 | 38,312 |
| Loans and advances to customers | 37,433 | 3.8 | 8.5 | 36,068 |
| Loans and advances to credit institutions |
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| and other | 2,240 | (0.2) | 4.3 | 2,244 |
| Inter-area positions | - | - | - | 29 |
| Tangible assets | 672 | (9.9) | (5.8) | 745 |
| Other assets | 2,104 | 14.5 | 19.7 | 1,837 |
| Total assets/liabilities and equity | 53,042 | (1.6) | 2.9 | 53,892 |
| Deposits from central banks and credit institutions | 4,662 | (32.4) | (29.4) | 6,898 |
| Deposits from customers | 39,844 | 1.8 | 6.4 | 39,132 |
| Debt certificates | - | - | - | - |
| Subordinated liabilities | 651 | (23.3) | (19.8) | 848 |
| Inter-area positions | 684 | - | - | - |
| Financial liabilities held for trading | 168 | (52.3) | (50.1) | 352 |
| Other liabilities | 4,546 | 12.9 | 18.1 | 4,024 |
Relevant business indicators
(Million euros and percentage)
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The United States | ||
|---|---|---|---|
|
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31-12-13 | 30-09-13 | 31-12-12 |
| Performing loans (1) | 39,272 | 38,406 | 35,886 |
| Customer deposits under management (1-2) | 38,448 | 36,846 | 36,088 |
| Mutual funds | - | - | - |
| Pension funds | - | - | - |
| Efficiency ratio (%) | 70.2 | 68.6 | 67.1 |
| NPA ratio (%) | 1.2 | 1.5 | 2.4 |
| NPA coverage ratio (%) | 134 | 120 | 90 |
| Risk premium (%) | 0.21 | 0.24 | 0.19 |