Financial statements
(Million euros)
Download Excel
| Income statement | 1Q14 | Δ % | 1Q13 |
|---|---|---|---|
| Net interest income | (177) | 5.2 | (169) |
| Gross income | (248) | n.m. | (48) |
| Operating expenses | (278) | (2.5) | (285) |
| Operating income | (526) | 57.9 | (333) |
| Impairment on financial assets (net), provisions (net) and other gains (losses) | (68) | 73.4 | (39) |
| Income before tax | (593) | 59.6 | (372) |
| Income tax | 154 | 57.6 | 97 |
| Net income from ongoing operations | (440) | 60.1 | (275) |
| Results from corporate operations | - | - | 875 |
| Net income | (440) | n.m. | 600 |
| Non-controlling interests | 1 | n.m. | (50) |
| Net attributable profit | (439) | n.m. | 550 |
| Net attributable profit (excluding results from corporate operations) | (439) | 35.4 | (324) |
Download Excel
| Balance sheet | 31-03-14 | Δ % | 31-03-13 |
|---|---|---|---|
| Cash and balances with central banks | 21 | (78.1) | 97 |
| Financial assets | 2,824 | 7.9 | 2,617 |
| Loans and receivables | 81 | (97.0) | 2,691 |
| Loans and advances to customers | 81 | (96.7) | 2,478 |
| Loans and advances to credit institutions and other | - | - | 212 |
| Inter-area positions | - | - | - |
| Tangible assets | 2,085 | 3.2 | 2,021 |
| Other assets | 16,494 | (18.2) | 20,158 |
| Total assets/liabilities and equity | 21,505 | (22.0) | 27,584 |
| Deposits from central banks and credit institutions | - | - | 1,568 |
| Deposits from customers | - | - | (368) |
| Debt certificates | 6,049 | (37.6) | 9,692 |
| Subordinated liabilities | 2,965 | n.m. | 490 |
| Inter-area positions | (13,502) | 104.6 | (6,597) |
| Financial liabilities held for trading | - | - | - |
| Other liabilities | 4,587 | (47.7) | 8,767 |
| Shareholders' funds | 46,194 | 6.2 | 43,481 |
| Economic capital allocated | (24,788) | (15.8) | (29,449) |
The Corporate Center results in the first quarter of 2014 were a negative €439m, compared with the positive figure of €550m in the same period of 2013. These figures are heavily conditioned by:
- The lack of results from corporate operations, while in the first quarter of 2013 there were earnings from the Group’s pension business in Latin America, including the capital gains from the sale of the Afore Bancomer in Mexico, and the equity-accounted income (excluding dividends) of BBVA’s stake in CNCB.
- The 2013 figures also include the results of BBVA Panama until its sale, which was completed in December 2013.
- In addition, in the first quarter of 2013 NTI was very positive as a result, in part, of the sale of some Unnim positions.
