Balance sheet and business activity

The Group's balance sheets and activity data are presented below, from the opening balance sheet made after the first implementation of IFRS 9 until the end of the first half of 2018. These figures include the new categories included in the aforementioned standard.

Regarding the Group's activity, the most significant aspects during this period are summarized below:

  • Loans and advances to customers (gross) increase in emerging geographies and the United States (at constant exchange rates), but decline in Spain.
  • Non-performing loans fell, above all thanks to an improvement in Spain and Mexico.
  • In deposits from customers, there was a fall in time deposits but an increase in demand deposits.
  • In off-balance-sheet funds, mutual funds continued to perform well.

Consolidated balance sheet (Million euros)

30-06-18 ∆% 01-01-18
Cash, cash balances at central banks and other demand deposits 37,279 (12.7) 42,680
Financial assets held for trading 91,018 (0.9) 91,854
Non-trading financial assets mandatorily at fair value through profit or loss 4,377 0.9 4,337
Financial assets designated at fair value through profit or loss 1,487 45.9 1,019
Financial assets at fair value through accumulated other comprehensive income 63,212 1.6 62,202
Financial assets at amortized cost 426,349 1.1 421,712
Loans and advances to central banks and credit institutions 17,092 (3.5) 17,713
Loans and advances to customers 377,175 0.8 374,012
Debt securities 32,082 7.0 29,986
Investments in subsidiaries, joint ventures and associates 1,470 (7.5) 1,589
Tangible assets 6,736 (6.3) 7,191
Intangible assets 8,373 (1.1) 8,464
Other assets 49,331 2.0 48,368
Total assets 689,632 0.0 689,414
Financial liabilities held for trading 83,667 3.6 80,783
Other financial liabilities designated at fair value through profit or loss 6,221 13.2 5,495
Financial liabilities at amortized cost 503,073 (0.6) 506,118
Deposits from central banks and credit institutions 62,041 (10.0) 68,928
Deposits from customers 367,312 1.0 363,689
Debt certificates 62,349 1.1 61,649
Other financial liabilities 11,370 (4.1) 11,851
Liabilities under insurance and reinsurance contracts 9,500 3.0 9,223
Other liabilities 35,084 (0.9) 35,392
Total liabilities 637,544 0.1 637,010
Non-controlling interests 6,336 (9.6) 7,008
Accumulated other comprehensive income (9,868) 11.0 (8,889)
Shareholders’ funds 55,619 2.5 54,285
Total equity 52,087 (0.6) 52,404
Total liabilities and equity 689,632 0.0 689,414
Memorandum item:
Guarantees given 47,573 (0.2) 47,668

Loans and advances to customers (Million euros)

IFRS 9 IAS 39
30-06-18 ∆% 31-12-17
Public sector 28,716 (4.0) 29,921
Individuals 171,500 4.2 164,578
Mortgages 113,854 1.4 112,274
Consumer 26,141 (18.5) 32,092
Credit cards 13,105 (3.9) 13,630
Other loans 18,399 179.6 6,581
Business 171,818 (7.9) 186,479
Non-performing loans 18,627 (3.9) 19,390
Loans and advances to customers (gross) 390,661 (2.4) 400,369
Loan-loss provisions (13,486) 5.8 (12,748)
Loans and advances to customers 377,175 (2.7) 387,621

Loans and advances to customers (gross)
(Billion euros)

(1) At constant exchange rates: -0.8%.

Customer funds
(Billion euros)


(1) At constant exchange rates: -1.3%.

Customer funds
(Million euros)

IFRS 9 IAS 39
30-06-18 ∆% 31-12-17
Deposits from customers 367,312 (2.4) 376,379
Of which current accounts 249,572 3.7 240,750
Of which time deposits 110,548 (4.5) 115,761
Other customer funds 132,522 (1.8) 134,906
Mutual funds and investment companies 64,687 6.2 60,939
Pension funds 33,890 (0.3) 33,985
Other off-balance sheet funds 2,922 (5.2) 3,081
Customer portfolios 31,022 (15.9) 36,901
Total customer funds 499,834 (2.2) 511,285