FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of November, 2015
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name of registrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ¨ No x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ¨ No x
Banco Santander, S.A.
INCORPORATION BY REFERENCE
This report on Form 6-K shall be deemed to be incorporated by reference into the registration statement on Form F-3 (Registration Number: 333-207389) of Banco Santander, S.A. and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.
Item |
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1 |
Financial report for January-September 2015 results. | |
2 |
Financial statements for January-September 2015 results. |
EXPLANATORY NOTE RELATING TO FINANCIAL REPORT
This financial report relating to the three and nine months ended September 30, 2015 is substantially the same in all material respects as the Financial report for January-September 2015 results (the January-September 2015 financial report) we previously furnished to the SEC on November 2, 2015 on Form 6-K, and shall be deemed to be incorporated by reference into the registration statement on Form F-3 (Registration Number: 333-207389) of Banco Santander, S.A. The financial report filed with this Form 6-K excludes credit ratings information as well as targets and goals included in the aforementioned January-September 2015 financial report.
PRESENTATION OF FINANCIAL AND OTHER INFORMATION
The financial information in this document should be read together with Banco Santander, S.A. and its subsidiaries (the Group) audited consolidated financial statements for the year ended December 31, 2014 and unaudited interim condensed consolidated financial statements for the nine months ended September 30, 2015, including in each case the notes related thereto.
General Information on Certain Measures
When we refer to perimeter effect, we mean growth or reduction derived from changes in the companies that we consolidate resulting from acquisitions, dispositions or other reasons. For the nine months ended September 30, 2015, the perimeter was impacted by the acquisition of GE Nordics and Carfinco and implementation of the agreement with PSA in France, the UK and Portugal, and in Brazil, the JV with Bonsuceso, the acquisition of Getnet and the acquisition of minority interests.
When we refer to a measure presented on a fully-loaded basis, we mean that such measure is calculated without applying the transitional provisions under Capital Requirements Directive IV, or CRD IV. When we refer to a measure presented on a phase-in basis, we mean that such measure is calculated giving effect to such transitional provisions as applicable at the dates as of which the relevant financial measure is presented. In addition, where noted, certain capitalization measures are adjusted to give effect to the capital increase of EUR7,500 million that Banco Santander completed on January 9, 2015 as if it occurred on December 31, 2014. The common equity Tier 1 (CET1) fully-loaded ratio for the Group as of December 31, 2014, adjusted to give effect to the capital increase completed on January 9, 2015, was 9.7%. Excluding this effect, the CET1 fully-loaded ratio for the Group as of December 31, 2014 was 8.3%.
Where a translation of foreign exchange is given for any financial data, we use the exchange rates of the relevant period (as of the end of such period for balance sheet data and the average exchange rate of such period for income statement data) as published by the European Central Bank, unless otherwise noted.
Management makes use of certain financial measures in constant currency and/or local currency to help in the assessment of on-going operating performance. These non-GAAP financial measures include the results of operations of our subsidiary banks located outside
the eurozone, excluding the impact of foreign exchange. We calculate constant currency percentages by converting our prior-period local currency financial results using the current period exchange rates and comparing these adjusted amounts to our current period reported results. We analyze financial performance on a constant currency and/or local currency basis, as indicated, to better measure the comparability of results between periods. Because changes in foreign currency exchange rates have a non-operating impact on the results of operations, we believe that evaluating financial performance on a constant and/or local currency basis provides an additional and meaningful assessment of performance to both management and our investors.
Item 1
At Banco Santander, we take advantage of new
communication technologies and the social
networks to improve dialogue with our
stakeholders
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
Balance sheet ( million) | Sep15 | Jun15 | % | Sep15 | Sep14 | % | Dec14 | |||||||||||||||||||||
Total assets |
1,320,427 | 1,339,376 | (1.4 | ) | 1,320,427 | 1,241,104 | 6.4 | 1,266,296 | ||||||||||||||||||||
Net customer loans |
777,020 | 799,233 | (2.8 | ) | 777,020 | 721,988 | 7.6 | 734,711 | ||||||||||||||||||||
Customer deposits |
669,236 | 687,900 | (2.7 | ) | 669,236 | 646,331 | 3.5 | 647,628 | ||||||||||||||||||||
Managed and marketed customer funds |
1,045,513 | 1,082,948 | (3.5 | ) | 1,045,513 | 1,020,433 | 2.5 | 1,023,437 | ||||||||||||||||||||
Stockholders equity |
88,320 | 91,497 | (3.5 | ) | 88,320 | 77,325 | 14.2 | 80,806 | ||||||||||||||||||||
Total managed and marketed funds |
1,479,841 | 1,514,136 | (2.3 | ) | 1,479,841 | 1,402,277 | 5.5 | 1,428,083 | ||||||||||||||||||||
Ordinary income statement* ( million) | 3Q15 | 2Q15 | % | 9M15 | 9M14 | % | 2014 | |||||||||||||||||||||
Net interest income |
7,983 | 8,281 | (3.6 | ) | 24,302 | 21,834 | 11.3 | 29,548 | ||||||||||||||||||||
Gross income |
11,316 | 11,618 | (2.6 | ) | 34,378 | 31,572 | 8.9 | 42,612 | ||||||||||||||||||||
Pre-provision profit (net operating income) |
5,974 | 6,189 | (3.5 | ) | 18,229 | 16,750 | 8.8 | 22,574 | ||||||||||||||||||||
Profit before taxes |
2,778 | 2,998 | (7.3 | ) | 8,766 | 7,140 | 22.8 | 9,720 | ||||||||||||||||||||
Attributable profit to the Group |
1,680 | 1,709 | (1.7 | ) | 5,106 | 4,361 | 17.1 | 5,816 |
Variations w/o exchange rate:
Quarterly: Net interest income: +1.4%; Gross income: +2.3%; Pre-provision profit: +2.0%; Attributable profit: +3.8%
Year-on-year: Net interest income: +8.5%; Gross income: +6.5%; Pre-provision profit: +6.4%; Attributable profit: +11.8%
Ordinary EPS, profitability and efficiency* (%) | 3Q15 | 2Q15 | % | 9M15 | 9M14 | % | 2014 | |||||||||||||||||||||
EPS (1)(euro) |
0.113 | 0.115 | (2.1 | ) | 0.349 | 0.367 | (4.9 | ) | 0.479 | |||||||||||||||||||
RoE (2) |
7.4 | 7.4 | 7.5 | 7.2 | 7.0 | |||||||||||||||||||||||
RoTE (2) |
11.3 | 11.4 | 11.4 | 11.3 | 11.0 | |||||||||||||||||||||||
RoA |
0.6 | 0.6 | 0.6 | 0.6 | 0.6 | |||||||||||||||||||||||
RoRWA |
1.3 | 1.3 | 1.3 | 1.3 | 1.3 | |||||||||||||||||||||||
Efficiency ratio (with amortisations) |
47.2 | 46.7 | 47.0 | 46.9 | 47.0 | |||||||||||||||||||||||
Solvency and NPL ratios (%) | Sep15 | Jun15 | % | Sep15 | Sep14 | % | Dec14 | |||||||||||||||||||||
CET1 fully-loaded (2) |
9.85 | 9.83 | 9.85 | 9.65 | ||||||||||||||||||||||||
CET1 phase-in (2) |
12.39 | 12.38 | 12.39 | 11.44 | 12.23 | |||||||||||||||||||||||
NPL ratio |
4.50 | 4.64 | 4.50 | 5.28 | 5.19 | |||||||||||||||||||||||
Coverage ratio |
71.1 | 70.1 | 71.1 | 67.5 | 67.2 | |||||||||||||||||||||||
Market capitalisation and shares | Sep15 | Jun15 | % | Sep15 | Sep14 | % | Dec14 | |||||||||||||||||||||
Shares (million) |
14,317 | 14,317 | | 14,317 | 11,988 | 19.4 | 12,584 | |||||||||||||||||||||
Share price (euros) |
4.744 | 6.264 | (24.3 | ) | 4.744 | 7.611 | (37.7 | ) | 6.996 | |||||||||||||||||||
Market capitalisation (EUR million) |
67,918 | 89,679 | (24.3 | ) | 67,918 | 91,241 | (25.6 | ) | 88,041 | |||||||||||||||||||
Book value (euro) |
6.19 | 6.40 | 6.19 | 6.45 | 6.42 | |||||||||||||||||||||||
Price / Book value (X) |
0.77 | 0.98 | 0.77 | 1.18 | 1.09 | |||||||||||||||||||||||
P/E ratio (X) |
10.19 | 13.27 | 10.19 | 15.55 | 14.59 | |||||||||||||||||||||||
Other data | Sep15 | Jun15 | % | Sep15 | Sep14 | % | Dec14 | |||||||||||||||||||||
Number of shareholders |
3,209,138 | 3,203,349 | 0.2 | 3,209,138 | 3,229,672 | (0.6 | ) | 3,240,395 | ||||||||||||||||||||
Number of employees |
191,504 | 190,262 | 0.7 | 191,504 | 183,534 | 4.3 | 185,405 | |||||||||||||||||||||
Number of branches |
12,901 | 12,910 | (0.1 | ) | 12,901 | 13,059 | (1.2 | ) | 12,951 |
(*).- | In 2Q15 and 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil |
(1).- | Ordinary EPS: Ordinary attributable profit including the AT1 cost recorded in shareholders equity / average number of shares for the period excluding treasury shares |
(2).- | In 2014, pro-forma taking into account the January 2015 capital increase. |
Note: | The financial information in this report was approved by the Board of Directors at its meeting on October, 28 2015, following a favourable report from the Audit Committee on October, 21 2015. |
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JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
HIGHLIGHTS OF THE PERIOD |
g Profit growth with good performance of commercial revenues and provisions | ||
Third quarter attributable profit of 1,680 million, with negative impact of exchange rates. Excluding this, 4% growth.
Ordinary attributable profit of 5,106 million in the first nine months, 17% more than the same period of 2014: |
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Positive impact of exchange rates (+12% without the forex effect). |
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Gross income increased, due to net interest income and fee income. |
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Costs virtually unchanged in real terms and on a like-for-like basis, absorbing regulatory effects and the implementation of innovation and efficiency plans. |
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Drop in provisions and improved cost of credit (1.26% as against 1.52% in September 2014). |
g The growth in volumes reflects the strategy followed in segments, products and countries | ||
Impact of exchange rates: -4/-5 p.p. in the third quarter and -1/-3 p.p. year-on-year. |
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Lending rose 7% year-on-year in constant euros, with growth in eight of our 10 core countries. Perimeter impact: +2 p.p. |
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Funds up 7% in constant euros, with all countries making a positive contribution. Of note Latin America and the US. |
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Solid funding structure and liquidity continued. Net loan-to-deposit ratio of 116%.
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g High solvency and enhanced Group credit quality | ||
Fully loaded CET1 ratio of 9.85%. Organic generation (+13 b.p.) was offset by the impact of exchange rates on the valuation of the portfolio available for sale and the rise in treasury stock. |
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Total capital ratio of 12.75% and fully loaded leverage ratio 4.7%. |
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Non-performing loan (NPL) entries, isolating the perimeter and exchange rate effects, were 22% lower than in the first nine months of 2014. |
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The NPL ratio continued to improve, notably in the third quarter in Spain, the UK and Mexico.
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g Advances in the commercial transformation programme and in the multi-channel distribution model | ||
Transforming our business model into one that is increasingly Simple, Personal and Fair continued. |
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Differentiated value offers to improve engagement and relations with individual customers: 1/2/3 account in Spain and Portugal. |
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The NEO CRM tool was further extended. |
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For companies, expansion of Santander Advance, already present in eight countries, and Santander Trade, available in 12 countries.
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Strengthening multi-channels (better websites, new developments for mobile phones, etc.).
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4
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
HIGHLIGHTS OF THE PERIOD |
g Business areas: (more detail on pages 20-35) |
Continental Europe: Third quarter attributable profit of 625 million, 12% more than in the second quarter, due to higher revenues. First nine months profit of 1,825 million (+75% year-on-year), with greater revenues, controlled costs and sharply reduced provisions. |
United Kingdom: third quarter attributable profit of £343 million, 13% lower than the second quarter by other provisions. Profit in the first nine months was £1,087 million (+14%). Revenues fuelled by net interest income and lower loan-loss provisions, reflecting the better quality balance sheet and the improved macroeconomic environment. |
Latin America: third quarter ordinary attributable profit of 783 million, 11% lower than the second quarter impacted by exchange rates. Excluding this impact, it remained unchanged. The first nine months profit was 22% higher year-on-year at 2,500 million (excluding fx impact), with general growth in revenues, more costs because of the increased installed capacity and new commercial projects, and stable provisions. |
United States: third quarter attributable profit of $206 million, lower than in the second quarter because of lower gains on financial transactions and higher costs. The first nine months profit was $735 million (-9% year-on-year), affected by higher minority interests and tax on profit, as profit before taxes was 6% higher.
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g Santander share: (more detail on page 38) |
The Santander share ended the third quarter lower at 4.744, in an environment of falls in stock markets. At the date of publication of this report, the share stood at 5.204 up 10% in October. |
The first interim dividend charged to 2015s earnings was paid in cash in August (0.05 per share). |
Between October and November, and under the Santander Dividendo Elección (scrip dividend) programme, shareholders can opt to receive in cash or in shares the amount equivalent to the second dividend (0.05 per share) charged to 2015s earnings.
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g Other significant events: |
Between October 1 and the date of publication of this report, the following material fact occurred which could have an impact on the Groups business and activity: |
Standard & Poors upgraded Banco Santanders long-term senior debt from BBB+ to A-, a notch above that for Spains sovereign debt.
Following this upgrade, Santanders rating with the three main rating agencies is A-. |
More detail can be found on the website of the National Securities Market Commission (www.cnmv.es) and on Santanders website (www.santander.com) in the investor relations section.
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5
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
SANTANDER AIM |
Our purpose is to help people and businesses prosper
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Our aim is to be the best retail and commercial bank, earning the lasting loyalty of our people, customers, shareholders and communities
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Best bank for our employees | Best bank for our customers | |||
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Attract, engage and retain the best talent, capable of providing the best service to our customers and guarantee the business success and sustainability. | Build long-term customer relationships providing simple and tailor-made solutions, a fair and equal treatment and excellent service in our branches and digital channels, in order to enhance their satisfaction and engagement with the Bank. | |||
Best bank for communities |
Best bank for our shareholders | |||
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Conduct our banking activity contributing to the economic and social progress of the communities in which we operate, in a responsible and sustainable way, and particularly committed to the field of higher education. | Generate an attractive and sustainable return for our shareholders based on a business model with a high degree of recurring revenues, prudent risks, efficient, with disciplined use of capital and financial strength. | |||
We continue to make progress in implementing our strategy to become more Simple, Personal and Fair
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6
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
SANTANDER AIM |
Simple | Personal | Fair
g | Employees |
Human Resources is reviewing its strategy to ensure it responds to the needs of the new culture and contributes to the rest of the Groups strategic lines. Of note among the main points are:
| Definition, through a bottom-up process, of the behaviour that will make Santander a more Simple, Personal and Fair bank. |
| Regarding talent, the career potential of over 1,350 managers was analysed by the Talent Evaluation Committees. A new definition of corporate behaviour was included in the 180º assessment for managers, to foster a more Simple, Personal and Fair management. |
| As a result of the engagement survey, the Flexiworking initiative was launched to promote a new more productive way of working. Another example is Best4US, a corporate platform that brings together employees across the group to share common interests. |
| Noteworthy in the third quarter was the selection of Santander by univervity students as the most preferred bank to work for in Latin America, according to the 2015 Universum ranking, and in Spain according to Universums annual review Empleadores Ideales. |
g | Customers |
Transforming our business model into one that is more personalised and digital continued, in order to enhance customer satisfaction and loyalty:
| In individual customers, the 1/2/3 account has been well received in Spain since its launch, with the opening of more than 500,000 accounts up to September 30th. In the Select segment, the offer was increased in Germany by including profiled investment portfolios, and in Chile the customer attention model was renewed. |
| In SMEs and companies, Santander Advances value offer was strengthened in the eight countries where it is present, as well as the internationalisation of customers with Santander International Desk, Santander Passport and Santander Trade. The latter is now available in 12 countries and used by more than 30,000 exporters and importers. |
The Bank continued to make progress in strengthening its many channels with better commercial websites, new applications and mobile phone features, including the launch in the UK of Cash KiTTi, an app designed for group money management, and Spendlytics, which enables card spending to be controlled. The processes that customers use in their dealings with the Bank continued to be improved.
g | Shareholders |
We continued to develop initiatives to improve transparency with our shareholders and facilitate the exercise of their rights. Of note in the third quarter were:
| The Groups 2016-2018 strategy was presented at the Investor Day in London in September. |
| New corporate website with tab integrated for investors and shareholders. |
| Quarterly shareholders report available online on the same day as the presentation of results. |
| Capacitas scholarships to help shareholders and their relations with disabilities in their university studies. |
g | Communities |
As part of its commitment to society, of note in the third quarter were the following:
| Grupo Santander City hosted for the fourth year the summer courses of the Complutense University. Particularly noteworthy were the courses on sustainable development, the new forms of working in the 21st century, employability, entrepreneurship and innovation. |
| 270 students from 45 universities in Mexico, Brazil and China took part in the Top China programmes, and carried out internet-of-things related projects. |
| More than 700,000 students from 11 countries attained their first job in the first nine months of 2015 through the 2,336 Universia employment portals in universities. |
| In Brazil, the portfolio since 2002 of the Banks microcredit programme reached the all-time record of BRL 3 billion. |
7
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
GENERAL BACKGROUND |
Grupo Santander conducted its activity in the third quarter of 2015 in a more favourable economic environment in the developed economies where it operates, while emerging economies faced important challenges.
Banking activity continued to be affected by interest rates at historic lows in most economies, competition was tougher in some markets, mainly in lending, and the regulatory environment was more demanding.
Developed countries:
The expansion in the US and the UK remained firm and the recovery in the euro zone continued to strengthen.
| The US economy grew again at a brisk pace in the second quarter (3.9% quarterly annualised). The main driver was domestic demand, particularly household consumption, fuelled by the recovery in the labour market, the low oil price and positive wealth effects. The dollars appreciation and the slowdown in emerging markets, however, are harming investment in capital goods and exports. Third quarter GDP growth could be lower, as job creation is less intense, although still high. The unemployment rate has dropped to levels close to medium-term equilibrium (around 5%), as a result of which the Fed will continue to assess whether to begin to raise interest rates before the end of the year. |
| UK output rose 0.7% quarter-on-quarter in the second quarter, above potential. The downward risks in the first quarter seem to have disappeared, and uncertainty is now focused on the international environment. Growth is mainly fuelled by consumption, although investment is beginning to strengthen. |
Inflation was at around 0%, and the further fall in oil prices will keep it that way until the end of the year. The jobless rate continued to fall, although at a slower pace, while salaries are starting to rise.
| The Eurozone continued to grow at a good pace in the second quarter. Output increased 0.4% quarter-on-quarter after 0.5% in the first three months (in year-on-year terms growth accelerated from 1.2% to 1.5%). These figures reflect more balanced growth between the external sector and domestic demand, within which consumption remained buoyant. The third quarter indicators point to a similar pace of recovery. Inflation was affected by the evolution of oil prices and was 0.1% negative in September. The European Central Bank is prepared to increase its quantitative easing programme if the slowdown in emerging economies has permanent effects on the euro zone, of which there is no evidence at the moment. |
| Germanys economy accelerated a little from 0.3% to 0.4% quarter-on-quarter in the second quarter, thanks to greater exports, which was partly offset by lower investment. |
| Spainss growth quickened in the second quarter to 1% (3.1% year-on-year). The country continued to stand out for its growth in the euro zone and will probably continue to do so in the short term. Growth for the whole of 2015 is likely to be just over 3%. |
| Portugal: The Portuguese economy maintained quarter-on-quarter growth of 0.5%. Domestic demand was strong, leading to more imports and a negative contribution to growth from the external sector. |
Emerging countries:
Among the emerging economies, the Latin American ones varied:
| Brazil: Brazil: GDP shrank 1.9% quarter-on-quarter in the second quarter (-2.6% in the last 12 months). The jobless rate rose to 7.6% in August from 6.9% in June. Inflation was 9.5% in September, reflecting the adjustment of tariffs and the reals depreciation. The central bank kept the Selic rate at 14.25%, following a rise of 50 b.p. in July (+325 b.p. in 12 months). The purpose of these rises is to prevent the increase in inflation from impacting medium-term expectations. The central bank intends to anchor inflation expectations around its central target of 4.5%. |
The external sector remained very solid, with reserves of 19% of GDP. Current account surplus and net capital inflows via direct investments remained stable at around 4% of GDP, despite the uncertainty in international markets. The real depreciated 22% against the dollar in the third quarter (34% since the end of 2014). The respective depreciations against the euro were 23% and 28%.
| Mexico: The economy continued to recover in the first half of 2015 (year-on-year growth of 2.4%). The upswing in exports, consumption and private investment was compensated by an adjustment in stocks, which solidified expectations that the economy will continue to improve. Inflation remained very moderate (lower than 3%), with the Banco de México holding its benchmark rate at 3% (since June 2014), although remaining vigilant on US monetary policy and ready to raise its rates in line with the Fed, in order to avert possible rises in volatility. |
The peso depreciated 7% against the dollar in the third quarter (13% in the first nine months). The depreciation against the euro was 8% and 6%, respectively.
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FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
GENERAL BACKGROUND |
| Chile: The Chilean economy slowed down in the second quarter to 1.9% (2.5% in the first quarter) due to less activity in the primary and manufacturing sectors, while the service sector continued to recover. Inflation rose in August to 5%, reflecting the impact of the pesos depreciation. Although inflation expectations for 2016 remain at around 3%, and in order to anticipate its possible increase, the central bank tightened its monetary policy in September, indicating its readiness to raise rates after keeping them unchanged at 3% since October 2014. |
The peso fell 9% against the dollar and the euro in the third quarter (13% and 6%, respectively, since the end of 2014).
| Poland: The pace of the Polish economy remained virtually unchanged quarter-on-quarter in the second quarter, but lower in year-on-year terms (3.3% compared to 3.6% in the first three months). The third quarter indicators were weaker than expected and deflation continued until August (-0.8% year-on-year). The macroeconomic fundamentals, however, remained solid and the policies well focused. |
The central bank cut its benchmark interest rate to 1.5% and the market gives some probability to a further reduction in 2016.
Exchange rates: 1 euro / currency parity
Average (income statement) | Period-end (balance sheet) | |||||||||||||||||||
9M15 | 9M14 | 30.09.15 | 31.12.14 | 30.09.14 | ||||||||||||||||
US$ |
1.113 | 1.354 | 1.120 | 1.214 | 1.258 | |||||||||||||||
Pound sterling |
0.727 | 0.812 | 0.739 | 0.779 | 0.777 | |||||||||||||||
Brazilian real |
3.487 | 3.099 | 4.481 | 3.221 | 3.082 | |||||||||||||||
New Mexican peso |
17.321 | 17.766 | 18.977 | 17.868 | 16.998 | |||||||||||||||
Chilean peso |
711.376 | 759.987 | 784.882 | 737.323 | 755.823 | |||||||||||||||
Argentine peso |
9.980 | 10.787 | 10.558 | 10.277 | 10.672 | |||||||||||||||
Polish zloty |
4.155 | 4.175 | 4.245 | 4.273 | 4.178 |
9
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
CONSOLIDATED FINANCIAL REPORT |
u Grupo Santander results
First nine months highlights
g | Third quarter attributable profit of 1,680 million, 4% more than the second quarter excluding the impact of exchange rates. |
g | Ordinary attributable profit in the first nine months of 5,106 million, 17% higher year-on-year mainly due to: |
| Positive evolution of exchange rates (ordinary profit rose 12% excluding this impact). |
| Perimeter impact of between one and three p.p. on revenues, costs and provisions. |
| Gross income rose, due to net interest income and fee income. |
| Stable costs in real terms and on a like-for-like basis, absorbing regulatory effects and plans underway for innovation and efficiency improvement. |
| Lower provisions and better cost of credit (1.26% vs. 1.52% in September 2014). |
g | The efficiency ratio remained at around 47% and is among the best of our peers. |
g | Ordinary RoTE at 11.4%, +10 b.p. year-on-year. |
Ordinary income statement million
Variation | Variation | |||||||||||||||||||||||||||||||
3Q15 | 2Q15 | % | % w/o FX | 9M15 | 9M14 | % | % w/o FX | |||||||||||||||||||||||||
Net interest income |
7,983 | 8,281 | (3.6 | ) | 1.4 | 24,302 | 21,834 | 11.3 | 8.5 | |||||||||||||||||||||||
Net fees |
2,474 | 2,586 | (4.3 | ) | 0.5 | 7,584 | 7,172 | 5.8 | 4.9 | |||||||||||||||||||||||
Gains (losses) on financial transactions |
634 | 372 | 70.4 | 76.3 | 1,702 | 2,229 | (23.7 | ) | (25.7 | ) | ||||||||||||||||||||||
Other operating income |
225 | 379 | (40.7 | ) | (39.7 | ) | 790 | 337 | 134.4 | 124.1 | ||||||||||||||||||||||
Dividends |
75 | 239 | (68.7 | ) | (68.1 | ) | 347 | 323 | 7.6 | 7.7 | ||||||||||||||||||||||
Income from equity-accounted method |
93 | 101 | (7.3 | ) | 1.4 | 293 | 180 | 63.4 | 71.7 | |||||||||||||||||||||||
Other operating income/expenses |
57 | 39 | 44.7 | 27.6 | 149 | (166 | ) | | | |||||||||||||||||||||||
Gross income |
11,316 | 11,618 | (2.6 | ) | 2.3 | 34,378 | 31,572 | 8.9 | 6.5 | |||||||||||||||||||||||
Operating expenses |
(5,342 | ) | (5,429 | ) | (1.6 | ) | 2.6 | (16,149 | ) | (14,822 | ) | 8.9 | 6.7 | |||||||||||||||||||
General administrative expenses |
(4,731 | ) | (4,826 | ) | (1.9 | ) | 2.3 | (14,342 | ) | (13,125 | ) | 9.3 | 6.9 | |||||||||||||||||||
Personnel |
(2,717 | ) | (2,836 | ) | (4.2 | ) | (0.3 | ) | (8,308 | ) | (7,543 | ) | 10.2 | 7.6 | ||||||||||||||||||
Other general administrative expenses |
(2,015 | ) | (1,989 | ) | 1.3 | 6.0 | (6,034 | ) | (5,583 | ) | 8.1 | 6.0 | ||||||||||||||||||||
Depreciation and amortisation |
(611 | ) | (603 | ) | 1.2 | 4.6 | (1,806 | ) | (1,697 | ) | 6.4 | 4.9 | ||||||||||||||||||||
Net operating income |
5,974 | 6,189 | (3.5 | ) | 2.0 | 18,229 | 16,750 | 8.8 | 6.4 | |||||||||||||||||||||||
Net loan-loss provisions |
(2,479 | ) | (2,508 | ) | (1.2 | ) | 4.8 | (7,550 | ) | (8,110 | ) | (6.9 | ) | (8.4 | ) | |||||||||||||||||
Impairment losses on other assets |
(110 | ) | (78 | ) | 41.5 | 43.8 | (247 | ) | (225 | ) | 10.1 | 9.7 | ||||||||||||||||||||
Other income |
(606 | ) | (605 | ) | 0.2 | 5.5 | (1,666 | ) | (1,275 | ) | 30.6 | 34.5 | ||||||||||||||||||||
Ordinary profit before taxes |
2,778 | 2,998 | (7.3 | ) | (2.2 | ) | 8,766 | 7,140 | 22.8 | 18.0 | ||||||||||||||||||||||
Tax on profit |
(787 | ) | (939 | ) | (16.2 | ) | (11.8 | ) | (2,649 | ) | (1,882 | ) | 40.8 | 36.0 | ||||||||||||||||||
Ordinary profit from continuing operations |
1,991 | 2,059 | (3.3 | ) | 2.1 | 6,117 | 5,258 | 16.3 | 11.7 | |||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | (7 | ) | (100.0 | ) | (100.0 | ) | |||||||||||||||||||||
Ordinary consolidated profit |
1,991 | 2,059 | (3.3 | ) | 2.1 | 6,117 | 5,252 | 16.5 | 11.8 | |||||||||||||||||||||||
Minority interests |
311 | 350 | (11.1 | ) | (6.1 | ) | 1,011 | 891 | 13.5 | 11.9 | ||||||||||||||||||||||
Ordinary attributable profit to the Group |
1,680 | 1,709 | (1.7 | ) | 3.8 | 5,106 | 4,361 | 17.1 | 11.8 | |||||||||||||||||||||||
Ordinary EPS (euros) (1) |
0.113 | 0.115 | (2.1 | ) | 0.349 | 0.367 | (4.9 | ) | ||||||||||||||||||||||||
Ordinary diluted EPS (euros) (1) |
0.113 | 0.115 | (2.2 | ) | 0.348 | 0.366 | (4.8 | ) | ||||||||||||||||||||||||
Pro memoria: |
||||||||||||||||||||||||||||||||
Average total assets |
1,335,790 | 1,359,450 | (1.7 | ) | 1,340,924 | 1,185,486 | 13.1 | |||||||||||||||||||||||||
Average stockholders equity (2) |
90,248 | 91,856 | (1.8 | ) | 90,861 | 80,845 | 12.4 |
NOTE:- | In 2Q15 and 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil. |
(1).- | Ordinary EPS: Ordinary attributable profit including the AT1 cost recorded in shareholders equity / average number of shares for the period excluding treasury shares. |
(2).- | Stockholders equity: Sharedholders equity + Equity adjustments by valuation. In 2014, pro-forma taking into account the January 2015 capital increase. |
10
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
CONSOLIDATED FINANCIAL REPORT |
Third quarter results
| Ordinary attributable profit of 1,680 million, with negative impact of exchange rates. Excluding this effect, 4% growth. |
| Gross income up 2%, thanks to net interest income (moderate growth in business in some countries), fee income and normalisation of gains on financial transactions, following a second quarter when they were very low. |
| Higher costs due to the aforementioned plans, higher inflation and regulations. |
| Higher loan-loss provisions, mainly in Brazil. |
Ordinary quarterly income statement million
2014 | 2015 | |||||||||||||||||||||||||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | ||||||||||||||||||||||
Net interest income |
6,992 | 7,370 | 7,471 | 7,714 | 8,038 | 8,281 | 7,983 | |||||||||||||||||||||
Net fees |
2,331 | 2,403 | 2,439 | 2,524 | 2,524 | 2,586 | 2,474 | |||||||||||||||||||||
Gains (losses) on financial transactions |
767 | 511 | 952 | 620 | 695 | 372 | 634 | |||||||||||||||||||||
Other operating income |
34 | 204 | 99 | 182 | 186 | 379 | 225 | |||||||||||||||||||||
Dividends |
31 | 220 | 72 | 112 | 33 | 239 | 75 | |||||||||||||||||||||
Income from equity-accounted method |
65 | 42 | 72 | 64 | 99 | 101 | 93 | |||||||||||||||||||||
Other operating income/expenses |
(63 | ) | (58 | ) | (45 | ) | 6 | 53 | 39 | 57 | ||||||||||||||||||
Gross income |
10,124 | 10,488 | 10,961 | 11,040 | 11,444 | 11,618 | 11,316 | |||||||||||||||||||||
Operating expenses |
(4,847 | ) | (4,906 | ) | (5,070 | ) | (5,216 | ) | (5,377 | ) | (5,429 | ) | (5,342 | ) | ||||||||||||||
General administrative expenses |
(4,256 | ) | (4,360 | ) | (4,509 | ) | (4,656 | ) | (4,785 | ) | (4,826 | ) | (4,731 | ) | ||||||||||||||
Personnel |
(2,455 | ) | (2,515 | ) | (2,572 | ) | (2,670 | ) | (2,755 | ) | (2,836 | ) | (2,717 | ) | ||||||||||||||
Other general administrative expenses |
(1,801 | ) | (1,844 | ) | (1,937 | ) | (1,985 | ) | (2,030 | ) | (1,989 | ) | (2,015 | ) | ||||||||||||||
Depreciation and amortisation |
(590 | ) | (546 | ) | (560 | ) | (560 | ) | (592 | ) | (603 | ) | (611 | ) | ||||||||||||||
Net operating income |
5,277 | 5,582 | 5,891 | 5,824 | 6,067 | 6,189 | 5,974 | |||||||||||||||||||||
Net loan-loss provisions |
(2,695 | ) | (2,638 | ) | (2,777 | ) | (2,452 | ) | (2,563 | ) | (2,508 | ) | (2,479 | ) | ||||||||||||||
Impairment losses on other assets |
(87 | ) | (71 | ) | (67 | ) | (151 | ) | (60 | ) | (78 | ) | (110 | ) | ||||||||||||||
Other income |
(347 | ) | (438 | ) | (491 | ) | (642 | ) | (454 | ) | (605 | ) | (606 | ) | ||||||||||||||
Ordinary profit before taxes |
2,149 | 2,435 | 2,556 | 2,580 | 2,990 | 2,998 | 2,778 | |||||||||||||||||||||
Tax on profit |
(569 | ) | (664 | ) | (649 | ) | (814 | ) | (922 | ) | (939 | ) | (787 | ) | ||||||||||||||
Ordinary profit from continuing operations |
1,579 | 1,771 | 1,908 | 1,766 | 2,067 | 2,059 | 1,991 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Ordinary consolidated profit |
1,579 | 1,771 | 1,901 | 1,746 | 2,067 | 2,059 | 1,991 | |||||||||||||||||||||
Minority interests |
277 | 318 | 296 | 291 | 350 | 350 | 311 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
1,303 | 1,453 | 1,605 | 1,455 | 1,717 | 1,709 | 1,680 | |||||||||||||||||||||
Ordinary EPS (euros) (1) |
0.113 | 0.122 | 0.131 | 0.112 | 0.121 | 0.115 | 0.113 | |||||||||||||||||||||
Ordinary diluted EPS (euros) (1) |
0.113 | 0.122 | 0.131 | 0.112 | 0.120 | 0.115 | 0.113 |
NOTE: | In the second quarter of 2015 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil. |
(1).- | Ordinary EPS: Ordinary attributable profit including the AT1 cost recorded in shareholders equity / average number of shares for the period excluding treasury shares. |
11
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
CONSOLIDATED FINANCIAL REPORT |
First nine months results
Revenues
| Gross income increased 9% year-on-year in current euros and 7% in constant euros, as follows: |
| Net interest income rose 9%, mainly due to growth in lending and lower cost of funds. |
Increases in Brazil, UK, US, Santander Consumer Finance, Mexico, Portugal and Chile, falls in Poland because of lower interest rates, and slightly in Spain against a backdrop of low interest rates and tough competition in lending.
| Fee income grew 5%, but with an uneven performance by units because of countries different economic and activity cycles and, in some cases, the impact of regulatory changes that limited revenues, chiefly in insurance and cards. |
| 26% fall in gains on financial transactions, conditioned by the high ones in 2014 derived from the management of interest rate hedging portfolios and the global corporate segment. |
| Positive impact on other operating income of revenues from leasing operations, mainly in the US, higher results from companies recorded by the equity method of accounting and collection of dividends. |
Also, as a result of the change in accounting rules, the ordinary contribution to the Deposit Guarantee Fund in Spain is recorded when accruing interest, which is at the end of the year, and so there was no charge for this item in the first nine months, as it will be fully charged in the fourth quarter.
Operating expenses
| Operating expenses rose 9% (+7% in constant euros year-on-year). This was due to several factors: the evolution of inflation in Latin America, the innovation programmes, the plans to improve efficiency, the impact of the measures taken by the Bank as a result of the new regulatory requirements, particularly in the US, and the change of perimeter. |
| Costs increased by only 1%, once adjusted for the perimeter (+2.3%) and for the periods average inflation (3.4%). This evolution reflects the positive impact of the three-year efficiency and productivity plan launched at the end of 2013, which is enabling us to make the greater investments commented on as well as maintain real growth in costs at close to zero. |
Of note was the fall in real terms in Brazil (-6.4% on a like-for-like basis), Spain (-1.7%) and Portugal (-0.5%).
| The efficiency ratio remained stable at around 47% throughout the year (47.0% in the first nine months), in line with the same period of 2014 (46.9%). |
Loan-loss provisions
| Loan-loss provisions were 7% lower (-8% in constant euros), with significant falls in Spain, the UK and Portugal. This was due to the improvement in the quality of portfolios, thanks to active risk management and a better macroeconomic environment. |
| Lower provisions, combined with higher lending, further improved the Groups cost of credit from 1.52% in September 2014 to 1.26% a year later. Excluding SCUSA, which because of its type of business, has a high level of provisions and recoveries, the cost of credit was 0.95% (1.25% in September 2014). |
Most units recorded lower provisions, particularly Spain, Portugal, Brazil, Mexico and the UK.
12
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
CONSOLIDATED FINANCIAL REPORT |
Net operating income net of provisions
| Net operating income net of provisions increased 24% (+20% in constant euros), driven by double-digit growth in most of the units. |
Other income and provisions
| Other income and provisions was 1,913 million negative (1,500 million negative in the first nine months of 2014), due to more provisions to bolster the balance sheet. |
Ordinary profit
| Ordinary profit before tax, which best shows the business evolution, rose 23% and 18% in constant euros. |
| The tax charge rose, to a larger extent due to greater tax pressure in some units such as Portugal, Santander Consumer Finance, Brazil and Mexico. |
| Minority interests increased 12% in constant euros, as the rises in the US (due to better SCUSA results) and Santander Consumer Finance (materialisation of agreements with PSA) were partly offset by the repurchase in Brazil in the fourth quarter of 2014. |
| Ordinary attributable profit was 5,106 million, 17% higher year-on-year (+12% in constant euros). |
The units that posted the most significant growth in their profits were Spain (+64%), Portugal (+61%), Santander Consumer Finance (+28%, partly due to the perimeter), Brazil (+37%, partly due to the acquisition of minority interests) and the UK (+14%), the last two countries in constant euros.
| The ordinary RoTE was 11.4%, +10 b.p. year-on-year. |
| Ordinary earnings per share were 0.349, a drop of 5% over the first nine months of 2014, affected by the increase in the number of shares during the period (capital increase in January and Santander Dividendo Elección programmes), as well as the higher financial cost due to new issues of AT1 instruments. |
The cost of these issues, in accordance with accounting rules, is not recorded in the income statement, but against net equity and is included when calculating the EPS.
Group attributable profit
| The following non-recurring results in the first nine months of 2014 and the same period of 2015 are not included in the profit: |
| In the first nine months of 2014 capital gains were recorded for the Altamira operation, the listing of Santander Consumer USA and the change in the UK pension commitments (1,335 million overall). At the same time a fund was established for restructuring costs and a charge was made for impairment losses on intangible assets and other provisions of a similar amount. The net impact of these amounts on the profit was zero. |
| Additionally, in the first nine months of 2015 the Group recorded attributable profit of 835 million due to the net result of the reversal of tax liabilities in Brazil. |
| Incorporating this extraordinary item, the Groups first nine months attributable profit was 5,941 million, 36% higher than in the same period of 2014 (+30% in constant euros), and EPS was 0.408 (+11%). |
13
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
CONSOLIDATED FINANCIAL REPORT |
Assets | 30.09.15 | 30.09.14 | Variation amount |
% | 31.12.14 | |||||||||||||||
Cash on hand and deposits at central banks |
70,841 | 76,478 | (5,637 | ) | (7.4 | ) | 69,428 | |||||||||||||
Trading portfolio |
149,903 | 142,840 | 7,063 | 4.9 | 148,888 | |||||||||||||||
Debt securities |
43,882 | 58,325 | (14,443 | ) | (24.8 | ) | 54,374 | |||||||||||||
Customer loans |
8,235 | 524 | 7,711 | | 2,921 | |||||||||||||||
Equities |
15,257 | 9,770 | 5,487 | 56.2 | 12,920 | |||||||||||||||
Trading derivatives |
80,425 | 71,533 | 8,892 | 12.4 | 76,858 | |||||||||||||||
Deposits from credit institutions |
2,104 | 2,688 | (583 | ) | (21.7 | ) | 1,815 | |||||||||||||
Other financial assets at fair value |
52,110 | 35,925 | 16,185 | 45.1 | 42,673 | |||||||||||||||
Customer loans |
12,320 | 10,266 | 2,054 | 20.0 | 8,971 | |||||||||||||||
Other (deposits at credit institutions, debt securities and equities) |
39,790 | 25,659 | 14,131 | 55.1 | 33,702 | |||||||||||||||
Available-for-sale financial assets |
117,835 | 99,226 | 18,609 | 18.8 | 115,251 | |||||||||||||||
Debt securities |
112,965 | 94,333 | 18,632 | 19.8 | 110,249 | |||||||||||||||
Equities |
4,870 | 4,893 | (23 | ) | (0.5 | ) | 5,001 | |||||||||||||
Loans |
816,665 | 784,406 | 32,259 | 4.1 | 781,635 | |||||||||||||||
Deposits at credit institutions |
50,413 | 65,372 | (14,959 | ) | (22.9 | ) | 51,306 | |||||||||||||
Customer loans |
756,465 | 711,198 | 45,267 | 6.4 | 722,819 | |||||||||||||||
Debt securities |
9,788 | 7,836 | 1,951 | 24.9 | 7,510 | |||||||||||||||
Held-to-maturity investments |
4,405 | | 4,405 | | | |||||||||||||||
Investments |
3,278 | 3,619 | (341 | ) | (9.4 | ) | 3,471 | |||||||||||||
Intangible assets and property and equipment |
27,264 | 21,431 | 5,833 | 27.2 | 26,109 | |||||||||||||||
Goodwill |
26,777 | 27,364 | (587 | ) | (2.1 | ) | 27,548 | |||||||||||||
Other |
51,349 | 49,814 | 1,535 | 3.1 | 51,293 | |||||||||||||||
Total assets |
1,320,427 | 1,241,104 | 79,324 | 6.4 | 1,266,296 | |||||||||||||||
Liabilities and shareholders equity |
||||||||||||||||||||
Trading portfolio |
112,461 | 107,225 | 5,236 | 4.9 | 109,792 | |||||||||||||||
Customer deposits |
9,693 | 9,101 | 592 | 6.5 | 5,544 | |||||||||||||||
Marketable debt securities |
| 197 | (197 | ) | (100.0 | ) | | |||||||||||||
Trading derivatives |
80,572 | 71,858 | 8,714 | 12.1 | 79,048 | |||||||||||||||
Other |
22,195 | 26,068 | (3,873 | ) | (14.9 | ) | 25,200 | |||||||||||||
Other financial liabilities at fair value |
58,601 | 62,969 | (4,367 | ) | (6.9 | ) | 62,318 | |||||||||||||
Customer deposits |
27,094 | 35,247 | (8,152 | ) | (23.1 | ) | 33,127 | |||||||||||||
Marketable debt securities |
3,352 | 4,048 | (696 | ) | (17.2 | ) | 3,830 | |||||||||||||
Due to central banks and credit institutions |
28,155 | 23,674 | 4,481 | 18.9 | 25,360 | |||||||||||||||
Financial liabilities at amortized cost |
1,009,566 | 939,586 | 69,980 | 7.4 | 961,053 | |||||||||||||||
Due to central banks and credit institutions |
141,617 | 106,229 | 35,388 | 33.3 | 122,437 | |||||||||||||||
Customer deposits |
632,449 | 601,983 | 30,466 | 5.1 | 608,956 | |||||||||||||||
Marketable debt securities |
193,905 | 191,349 | 2,555 | 1.3 | 193,059 | |||||||||||||||
Subordinated debt |
19,606 | 17,334 | 2,272 | 13.1 | 17,132 | |||||||||||||||
Other financial liabilities |
21,990 | 22,692 | (702 | ) | (3.1 | ) | 19,468 | |||||||||||||
Insurance liabilities |
644 | 1,671 | (1,027 | ) | (61.5 | ) | 713 | |||||||||||||
Provisions |
13,775 | 14,589 | (814 | ) | (5.6 | ) | 15,376 | |||||||||||||
Other liability accounts |
26,693 | 27,041 | (348 | ) | (1.3 | ) | 27,331 | |||||||||||||
Total liabilities |
1,221,740 | 1,153,081 | 68,659 | 6.0 | 1,176,581 | |||||||||||||||
Shareholders equity |
103,307 | 87,893 | 15,414 | 17.5 | 91,664 | |||||||||||||||
Capital stock |
7,158 | 5,994 | 1,164 | 19.4 | 6,292 | |||||||||||||||
Reserves |
90,924 | 77,764 | 13,159 | 16.9 | 80,026 | |||||||||||||||
Attributable profit to the Group |
5,941 | 4,361 | 1,580 | 36.2 | 5,816 | |||||||||||||||
Less: dividends |
(716 | ) | (226 | ) | (490 | ) | 216.6 | (471 | ) | |||||||||||
Equity adjustments by valuation |
(14,987 | ) | (10,568 | ) | (4,420 | ) | 41.8 | (10,858 | ) | |||||||||||
Minority interests |
10,367 | 10,697 | (330 | ) | (3.1 | ) | 8,909 | |||||||||||||
Total equity |
98,687 | 88,023 | 10,665 | 12.1 | 89,714 | |||||||||||||||
Total liabilities and equity |
1,320,427 | 1,241,104 | 79,324 | 6.4 | 1,266,296 |
14
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
CONSOLIDATED FINANCIAL REPORT |
u Group Balance Sheet
First nine months highlights
g | Negative impact of exchange rates in the third quarter and year-on-year. |
g | In the third quarter, growth in lending and customer funds. The Groups net loan-to-deposit ratio remained at 116%. |
g | In relation to September 2014 and in constant currency, both loans and funds grew 7%: |
| Lending rose in all countries except Portugal and Spain. |
| Customer funds increased in all countries. Of note were Latin America and the US. |
g | The fully loaded CET1 was 9.85% (+2 b.p. in the quarter). The organic generation (+13 b.p.) was mainly offset by the impact of exchange rates on the valuation of the portfolio available for sale and the rise in treasury stock. |
g | The total capital ratio was 12.75% and the fully loaded leverage ratio 4.7%. |
Total business managed and marketed at the end of September stood at 1,479,841 million, of which 1,320,427 million was on balance sheet and the rest mutual and pension funds, and administered portfolios.
| Negative impact of 4/5 p.p. in the third quarter of exchange rates on the evolution of the balances of customer loans and funds. Also negative in year-on-year terms (-1 p.p. on loans and -3 p.p. on funds). |
| Positive perimeter impact on loans of 2 p.p. in year-on-year terms, mainly in the consumer area due to the acquisition of GE Nordics and Carfinco and implementation of the agreement with PSA in France, the UK and Portugal. |
Gross customer loans (excluding repos)
| Loans increased 1% in constant currency in the third quarter, as follows: |
| Growth of 1% in the UK, US and Santander Consumer Finance, 2% in Poland, 4% in Chile, 5% in Brazil and 6% in Mexico, while Portugals balances remained stable. Spains lending declined 2% because of strong competition in a market whose stock is still not increasing. |
| Reduction of more than 10% in net lending of Spain Real Estate Activity. |
| Lending was 6% higher than in September 2014. Eliminating the exchange rate impact, growth for the whole Group was 7%: |
| Rises in all the core countries, except Portugal and Spain, whose balances dropped 1%, as these markets continued to deleverage in the last 12 months. Growth was more significant in Latin America and SCF, and more moderate in the UK, Poland and US, the latter slightly affected by the sale of assets. |
| Generally speaking, growth in loans to companies, benefiting from the Advance strategy. |
| As regards Real Estate Activity in Spain, net lending was down 37% year-on-year, in line with the divestment strategy pursued. |
15
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
CONSOLIDATED FINANCIAL REPORT |
Marketed and managed customer funds
| Total funds (deposits without repos and mutual funds) declined 4% in the third quarter (1% rise at constant exchange rates). Mutual funds increased 5% in Brazil and Chile, 4% in Mexico and 1% in the rest of countries. The only exception was Spain (-2%) due to the drop in institutional balances and the impact of markets evolution on mutual funds, as deposits from individuals rose in the quarter. |
| Funds were 4% higher than in September 2014. Excluding the forex impact, customer deposits excluding repos rose 6% and mutual funds 12%. Overall growth was 7%, as follows: |
| Increase of more than 10% in Latin American countries and the US, and 5% in the UK. |
| Spains rose 2% and Portugals and Polands 1%, the latter two with a policy more focused on profitability, following the sharp increase in volumes in 2014. |
| The general strategy to grow in demand deposits and mutual funds continued, with all countries doing so in both items and reducing time deposits. |
| As well as capturing customer deposits, Grupo Santander attaches strategic importance to maintaining a selective issuance policy in international fixed income markets, seeking to adapt the frequency and volume of market operations to each units structural liquidity needs, as well as to the receptiveness of each market. |
In the first nine months of 2015:
| Medium and long-term senior debt issues of 29,889 million, 2,839 million of subordinated debt and 2,703 million of covered bonds. |
| 11,378 million of securitisations placed in the market. |
| 31,152 million of maturities of medium and long-term debt. |
| Hybrid securities were also issued, as commented on in the section on capital. |
| The net loan-to-deposit ratio at the end of September remained at 116%. The ratio of deposits plus medium and long-term funding to lending was 113%, underscoring a comfortable funding structure. |
Other balance sheet items
| Financial assets available for sale amounted to 117,835 million. Compared to September 2014, increases in Spain, UK and US. |
| Held-to-maturity investments amounted to 4,405 million. This amount was fully generated in the third quarter, following the review of portfolios included in financial assets available for sale, whose economic logic made it more appropiate to reclassify them as held-to-maturity investments. |
| Trading derivatives were around 80,000 million, both in assets and liabilities, with year-on-year rises due to changes in interest rate curves and the impact of exchange rates. |
| Goodwill was 26,777 million, lower in the third quarter (-1,817 million) as well as in the last 12 months (-587 million). In both cases this was due to the evolution of exchange rates, particularly the Brazilian real. |
16
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
CONSOLIDATED FINANCIAL REPORT |
| Lastly, tangible and intangible assets amounted to 27,264 million, 5,833 million more than September 2014. Increases mainly in Spain and the US (the latter due to the exchange rate and to assets associated with leasing business). |
Shareholders equity and solvency ratios
| Total shareholders equity stood at 88,320 million at the end of September (+14% year-on-year). |
| Eligible equity fully-loaded increased to 74,519 million, due to Januarys capital increase of 7,500 million and the years profit, largely eroded by the negative evolution of adjustments to equity. |
| The common equity Tier 1 (CET1) ratio fully-loaded was 9.85%, up 2 b.p. in the third quarter, as follows: |
| Organic generation of capital of 13 b.p. due to the ordinary profit generated in the quarter and the evolution of risk-weighted assets. |
| Non-recurring effects with a net negative impact of 11 b.p. mainly due to the evolution of treasury stock and to the impact of the markets evolution on the valuation of portfolios classified as available for sale. |
| The total capital ratio was 12.75%, as to the increase in the CET1 was added the favourable impact of the computability of T2 issues in the UK and Chile. |
| From a qualitative standpoint, the Group has solid and appropriate ratios for its business model, balance sheet structure and Grupo Santanders risk profile. |
| The fully-loaded leverage ratio (as under regulation 2015/621) was 4.7%. |
17
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
RISK MANAGEMENT |
First nine months highlights
g | Net entries of non-performing loans were 22% lower year-on-year. |
g | The Groups NPL ratio was 4.50% (-14 b.p. in the quarter and -78 b.p. in 12 months). Of note were the falls in Spain, the UK and Mexico. |
g | Loan-loss provisions were 7,550 million, 7% lower year-on-year (-8% excluding the exchange rate impact). |
g | The cost of credit continued to improve to 1.26%. |
Credit risk management
| Net entries of non-performing loans in the first nine months, isolating the perimeter and exchange rate effects, were 5,464 million, 22% lower than September 2014 and mainly due to Spain. |
| Bad and doubtful loans amounted to 37,856 million at the end of September, 6% lower than June 2015 and 9% year-on-year (-2% and -6%, respectively, excluding the forex effect). The Groups NPL ratio was 4.50%, 14 b.p. lower than in the second quarter of 2015 and 78 b.p. below September 2014. |
| Loan-loss provisions stood at 26,918 million, which provided coverage of 71%. It should be remembered that the UK and Spain NPL ratios are affected by the weight of mortgage balances, which require fewer provisions as they have guarantees. |
| The improvement in credit quality is reflected in the reduction in loan-loss provisions (7% below September 2014), and in the consequent improvement in the cost of credit (1.26% at the end of September; 1.52% a year earlier). |
The NPL and coverage ratios of the main countries where the Group operates are set out below:
| Spains NPL ratio was 6.61% at the end of September (-30 b.p. in the quarter). This improvement was due to the good evolution of all the portfolios, particularly SMEs and companies, and to the sale of a 130 million portfolio of bad loans. Coverage rose to 48%. |
The Real Estate unit in Spain ended September with a NPL ratio of 82% and coverage of 62%. The total coverage ratio, including the balance outstanding, was 59% and coverage of foreclosed assets 54%.
| Santander Consumer Finances NPL ratio was 4.15% (-10 b.p. in the third quarter), due to a good performance in most countries. The coverage ratio was 107% (+2 b.p. over June 2015). |
| Polands NPL ratio was 7.14% (+7 b.p. in the quarter). Good evolution over 12 months (-28 b.p.) due to the rise in lending and containment of the NPLs of individual borrowers as well as SMEs and companies. Coverage remained at 63%. |
| Portugals NPL ratio was 8.86% (+6 b.p. over June 2015), due to the classification as a bad debt of a wholesale banking operation, as the rest of portfolios improved. The coverage ratio was 56% (+2 p.p.). |
| In the UK, the NPL ratio was 1.51% (-10 b.p. in the third quarter). The improvement was due to the good performance of companies and consumer credit in an environment of tough competition and very low interest rates. The coverage ratio was unchanged at 40%. |
18
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
RISK MANAGEMENT |
Non-performing loans by quarter
million
2014 | 2015 | |||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Balance at beginning of period |
42,420 | 42,300 | 42,334 | 41,727 | 41,709 | 41,919 | 40,273 | |||||||||||||||||||||
|
||||||||||||||||||||||||||||
Net entries |
2,536 | 2,535 | 1,959 | 2,623 | 2,017 | 1,315 | 2,132 | |||||||||||||||||||||
|
||||||||||||||||||||||||||||
Increase in scope of consolidation |
148 | | | 763 | 54 | 1 | | |||||||||||||||||||||
|
||||||||||||||||||||||||||||
Exchange differences |
96 | 293 | 463 | (299 | ) | 853 | (36 | ) | (1,849 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||||||
Write-offs |
(2,900 | ) | (2,793 | ) | (3,029 | ) | (3,105 | ) | (2,715 | ) | (2,925 | ) | (2,699 | ) | ||||||||||||||
|
||||||||||||||||||||||||||||
Balance at period-end |
42,300 | 42,334 | 41,727 | 41,709 | 41,919 | 40,273 | 37,856 | |||||||||||||||||||||
|
| Brazils NPL ratio was 5.30% (+17 b.p. in the quarter). The increase was due to companies and was in line with the sector in an environment of falling GDP. The coverage ratio was 96%. |
| Mexicos NPL ratio was 3.54% (-27 b.p. in the third quarter). This fall was due to better management of recoveries in individual borrowers and SGCB, as well as growth in lending. The coverage ratio was 93% (+5 p.p. in the third quarter). |
| Chiles NPL ratio was 5.60% (-13 b.p. in the quarter). The fall was due to the good performance of SMEs and companies. Coverage was 53% (+1 p.p.). |
| In the US, the NPL ratio remained stable at 2.20% in the quarter and the coverage ratio dropped 6 p.p. to 218%. |
- | Santander Banks NPL ratio was to 1.15% (-4 b.p. over June 2015). Continued good performance of retail, due to the containment of NPL entries, and in companies due to more sales of portfolios. The coverage ratio was 6 p.p. lower at 118%. |
- | Santander Consumer USAs NPL ratio was 9 b.p. higher over the second quarter at 3.73%. Coverage remained very high at 326%. |
Structural FX
| As regards structural exchange rate risk, Santander maintains a high fully loaded core capital coverage level of around 100% in order to protect itself from currency movements. |
19
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
BUSINESS INFORMATION |
Some changes were made in the third quarter of 2015 to the criteria applied and to the composition of some units, in order to make the Group more transparent, facilitate analysis of all business units and enhance the value of the activity developed by the corporation. The changes of criteria are:
| Internal transfer rates (ITR) individualised by transaction were applied in Spain to calculate the financial margin, so that the balance sheet was matched in terms of interest rate risk. The counterpart of these results was the Corporate Centre. As of now, Spain is homogenised with the rest of the Groups countries and units, and all the results of financial management of the balance sheet, including the aforementioned interest rate risk, will be reported in this unit. |
| The cost of AT1 issued by Brazil and Mexico to replace CET1 was assumed by the Corporate Centre as they were operations to optimise capital in these units. This cost is now recorded by each country. |
| The scope of costs charged to units from the Corporate Centre is increased, in accordance with the new structure. |
In addition, the Spain Real Estate unit is created, which groups together the former unit of real estate activities in Spain in run-off and other real estate assets, such as the stake in Metrovacesa and those of the former real estate fund previously included in the Corporate Centre.
The Latin America and US areas are also changed. The units of Banco Santander International and the New York branch, which were in the Latin America area, are now included in the US.
The results of the four quarters of 2014 and those of the first two quarters of 2015 of the business units and of the Corporate Centre have been re-stated in accordance with the new criteria. This mainly affected net interest income, gains on financial transactions and operating expenses. All these changes do not affect the figures of the consolidated Group, which remain unchanged.
The financial statements of each business segment have been drawn up by aggregating the Groups basic operating units. The information relates to both the accounting data of the units integrated in each segment, as well as that provided by the management information systems. In all cases, the same general principles as those used in the Group are applied.
The operating business areas are structured into two levels:
Geographic businesses. The operating units are segmented by geographical areas. This coincides with the Groups first level of management and reflects Santanders positioning in the worlds three main currency areas (euro, sterling and dollar). The segments reported on are:
| Continental Europe. This covers all businesses in the area. Detailed financial information is provided on Spain, Portugal, Poland and Santander Consumer Finance (which incorporates all the regions business, including the three countries mentioned herewith). |
| United Kingdom. This includes the businesses developed by the Groups various units and branches in the country. |
| Latin America. This embraces all the Groups financial activities conducted via its banks and subsidiaries in the region. The financial statements of Brazil, Mexico and Chile are set out. |
| United States. Includes the holding (SHUSA) and the businesses of Santander Bank, Santander Consumer USA, Banco Santander Puerto Rico, the specialised unit of Banco Santander International and the New York branch. |
Global businesses. The activity of the operating units is distributed by the type of business: Retail Banking, Santander Global Corporate Banking and the Spain Real Estate Unit.
| Retail Banking. This covers all customer banking businesses, including consumer finance, except those of corporate banking, which are managed through SGCB. The results of the hedging positions in each country are also included, conducted within the sphere of each ones Assets and Liabilities Committee. |
| Santander Global Corporate Banking (SGCB). This business reflects the revenues from global corporate banking, investment banking and markets worldwide including treasuries managed globally (always after the appropriate distribution with Retail Banking customers), as well as equities business. |
In addition to these operating units, which report by geographic area and by businesses, the Group continues to maintain the area of Corporate Centre. This area incorporates the centralised activities relating to equity stakes in financial companies, financial management of the structural exchange rate position, assumed within the sphere of the Groups Assets and Liabilities Committee, as well as management of liquidity and of shareholders equity through issues.
As the Groups holding entity, this area manages all capital and reserves and allocations of capital and liquidity with the rest of businesses. It also incorporates amortisation of goodwill but not the costs related to the Groups central services (charged to the areas), except for corporate and institutional expenses related to the Groups functioning.
The figures of the Groups various units have been drawn up in accordance with these criteria, and so do not coincide individually with those published by each unit. |
20
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
BUSINESS INFORMATION BY GEOGRAPHY |
Net operating income | o/ 2Q15 | o/ 9M14 | ||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||
million | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Continental Europe |
1,564 | 1.6 | 2.4 | 4,843 | 9.5 | 9.3 | ||||||||||||||||||
|
||||||||||||||||||||||||
o/w: Spain |
708 | 6.2 | 6.2 | 2,268 | (1.9 | ) | (1.9 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Santander Consumer Finance |
575 | 4.8 | 4.8 | 1,662 | 28.7 | 28.7 | ||||||||||||||||||
|
||||||||||||||||||||||||
Poland |
162 | (11.2 | ) | (8.8 | ) | 534 | (8.2 | ) | (8.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Portugal |
102 | (8.8 | ) | (8.8 | ) | 328 | 0.9 | 0.9 | ||||||||||||||||
|
||||||||||||||||||||||||
United Kingdom |
761 | (2.8 | ) | (3.5 | ) | 2,271 | 16.2 | 4.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Latin America |
2,667 | (8.8 | ) | 2.3 | 8,392 | 4.3 | 10.4 | |||||||||||||||||
|
||||||||||||||||||||||||
o/w: Brazil |
1,600 | (12.6 | ) | 0.7 | 5,251 | (0.8 | ) | 11.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Mexico |
467 | (6.6 | ) | 0.6 | 1,431 | 11.5 | 8.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Chile |
364 | (1.7 | ) | 7.5 | 1,049 | 10.6 | 3.5 | |||||||||||||||||
|
||||||||||||||||||||||||
USA |
1,180 | (7.1 | ) | (6.6 | ) | 3,622 | 31.7 | 8.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Operating areas |
6,172 | (5.3 | ) | (0.1 | ) | 19,127 | 11.4 | 9.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Corporate Activities |
(199 | ) | (39.4 | ) | (39.4 | ) | (898 | ) | 109.9 | 109.9 | ||||||||||||||
|
||||||||||||||||||||||||
Total Group |
5,974 | (3.5 | ) | 2.0 | 18,229 | 8.8 | 6.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Ordinary attributable profit to the Group | o/ 2Q15 | o/ 9M14 | ||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||
million | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Continental Europe |
625 | 11.6 | 12.7 | 1,825 | 74.9 | 73.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
o/w: Spain |
311 | 33.9 | 33.9 | 883 | 64.2 | 64.2 | ||||||||||||||||||
|
||||||||||||||||||||||||
Santander Consumer Finance |
242 | 0.3 | 0.3 | 702 | 27.6 | 27.6 | ||||||||||||||||||
|
||||||||||||||||||||||||
Poland |
73 | (10.7 | ) | (8.2 | ) | 243 | (7.0 | ) | (7.4 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Portugal |
77 | 55.1 | 55.1 | 181 | 60.5 | 60.5 | ||||||||||||||||||
|
||||||||||||||||||||||||
United Kingdom |
480 | (12.0 | ) | (12.8 | ) | 1,496 | 27.9 | 14.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Latin America |
783 | (10.6 | ) | (0.4 | ) | 2,500 | 18.3 | 22.0 | ||||||||||||||||
|
||||||||||||||||||||||||
o/w: Brazil |
385 | (14.8 | ) | (1.4 | ) | 1,315 | 22.1 | 37.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Mexico |
143 | (10.6 | ) | (3.3 | ) | 456 | 5.0 | 2.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Chile |
125 | (15.2 | ) | (7.1 | ) | 378 | 11.5 | 4.4 | ||||||||||||||||
|
||||||||||||||||||||||||
USA |
186 | (14.3 | ) | (13.7 | ) | 660 | 10.6 | (9.1 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Operating areas |
2,074 | (5.7 | ) | (1.4 | ) | 6,481 | 31.6 | 26.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Corporate Activities |
(394 | ) | (19.5 | ) | (19.5 | ) | (1,375 | ) | 144.3 | 144.3 | ||||||||||||||
|
||||||||||||||||||||||||
Total Group |
1,680 | (1.7 | ) | 3.8 | 5,106 | 17.1 | 11.8 | |||||||||||||||||
|
||||||||||||||||||||||||
(*) In 2Q15 and 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil |
| |||||||||||||||||||||||
Customer loans w/o repos | o/ 2Q15 | o/ 9M14 | ||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||
million | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Continental Europe |
290,151 | (1.0 | ) | (0.6 | ) | 290,151 | 3.9 | 4.3 | ||||||||||||||||
|
||||||||||||||||||||||||
o/w: Spain |
158,181 | (2.0 | ) | (2.0 | ) | 158,181 | (1.3 | ) | (1.3 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Santander Consumer Finance |
73,329 | 0.8 | 0.8 | 73,329 | 19.9 | 19.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Poland |
19,374 | 0.8 | 2.0 | 19,374 | 6.8 | 8.6 | ||||||||||||||||||
|
||||||||||||||||||||||||
Portugal |
24,292 | (0.0 | ) | (0.0 | ) | 24,292 | (0.8 | ) | (0.8 | ) | ||||||||||||||
|
||||||||||||||||||||||||
United Kingdom |
277,033 | (2.4 | ) | 1.4 | 277,033 | 10.7 | 5.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Latin America |
134,723 | (10.7 | ) | 5.4 | 134,723 | (5.0 | ) | 18.4 | ||||||||||||||||
|
||||||||||||||||||||||||
o/w: Brazil |
61,628 | (18.8 | ) | 4.8 | 61,628 | (20.2 | ) | 16.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Mexico |
28,757 | (1.9 | ) | 6.2 | 28,757 | 8.6 | 21.3 | |||||||||||||||||
|
||||||||||||||||||||||||
Chile |
32,800 | (5.5 | ) | 3.7 | 32,800 | 9.5 | 13.7 | |||||||||||||||||
|
||||||||||||||||||||||||
USA |
84,853 | 1.3 | 1.4 | 84,853 | 21.1 | 7.8 | ||||||||||||||||||
|
||||||||||||||||||||||||
Operating areas |
786,760 | (3.0 | ) | 1.3 | 786,760 | 6.1 | 7.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Total Group |
790,570 | (3.2 | ) | 1.1 | 790,570 | 6.0 | 7.1 | |||||||||||||||||
|
||||||||||||||||||||||||
Funds (deposits w/o repos + mutual funds) | o/ 2Q15 | o/ 9M14 | ||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||
million | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Continental Europe |
308,581 | (1.2 | ) | (1.0 | ) | 308,581 | 2.4 | 2.6 | ||||||||||||||||
|
||||||||||||||||||||||||
o/w: Spain |
222,193 | (2.2 | ) | (2.2 | ) | 222,193 | 1.8 | 1.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Santander Consumer Finance |
31,790 | (0.1 | ) | (0.1 | ) | 31,790 | 4.0 | 4.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Poland |
23,812 | (0.4 | ) | 0.8 | 23,812 | (0.1 | ) | 1.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Portugal |
25,580 | 0.9 | 0.9 | 25,580 | 0.8 | 0.8 | ||||||||||||||||||
|
||||||||||||||||||||||||
United Kingdom |
226,596 | (2.7 | ) | 1.0 | 226,596 | 11.0 | 5.5 | |||||||||||||||||
|
||||||||||||||||||||||||
Latin America |
152,515 | (11.3 | ) | 4.8 | 152,515 | (8.0 | ) | 15.4 | ||||||||||||||||
|
||||||||||||||||||||||||
o/w: Brazil |
72,596 | (18.8 | ) | 4.9 | 72,596 | (21.2 | ) | 14.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Mexico |
36,520 | (4.3 | ) | 3.6 | 36,520 | 0.4 | 12.1 | |||||||||||||||||
|
||||||||||||||||||||||||
Chile |
28,614 | (4.1 | ) | 5.3 | 28,614 | 9.2 | 13.4 | |||||||||||||||||
|
||||||||||||||||||||||||
USA |
65,905 | 0.7 | 0.8 | 65,905 | 25.1 | 11.4 | ||||||||||||||||||
|
||||||||||||||||||||||||
Operating areas |
753,597 | (3.7 | ) | 0.9 | 753,597 | 4.1 | 6.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Total Group |
755,592 | (3.7 | ) | 0.9 | 755,592 | 4.2 | 6.7 | |||||||||||||||||
|
21
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Main units of Continental Europe. Spain
First nine months highlights
g | Attributable profit of 883 million, 64% more than in the first nine months of 2014, thanks to a significant improvement in loan-loss provisions and a good performance of costs. |
g | Engaged customer strategy via the 1|2|3 account. More than 500,000 new accounts opened since its launch. |
g | Strengthened governance model, aligned with the rest of the Groups subsidiaries, and the creation of Santander Spains board. |
g | Positive evolution in new lending to individuals and SMEs, the result of the strategies implemented. |
Strategy and Activity
| The strategy for individual customers is being developed via the 1|2|3 account, whose main focus is customer engagement. |
More than 500,000 accounts were opened by the end of September, over 140,000 new payrolls were attracted and the rise in loyal customers resulted in over 250,000 new debit and credit cards. Moreover, customers meeting the 1|2|3 Mundo requirements received a first pack of bank shares in October.
| In order to be the reference bank for SMEs, we continued to support the investment plans of our customers and all their financial and non-financial needs (training, internationalisation, digitalisation). In addition, value-added products are being structurally improved (international business, factoring, confirming, brokerage, leasing and renting), key elements for increasing their degree of loyalty. |
| Loans to SMEs and micro firms amounted to 9,421 million (+22%) in the first nine months, and the pace of growth to individuals (+34%) and large companies (+14%) was maintained, although this is still not reflected in the stock which was 1% lower than in September 2014. |
| Funds rose 2% year-on-year, spurred by current accounts (+15%) and mutual funds (+6%). Fall of 2% in the third quarter linked to institutional balances, as those of individuals increased. |
| In order to increase customer satisfaction, a programme was launched to improve operational excellence based on digitalisation, the review of commercial processes and adapting various channels to the experience desired by the customer (mobile, branches, website, ATMs, etc). |
Results
The third quarter attributable profit was 34% higher than the second quarter at 311 million. This was mainly the result of a normalisation of levels of gains on financial transactions and lower provisions.
The first nine months profit increased 64% year-on-year to 883 million.
| Gross income declined a little over 2014 in an environment of low interest rates and strong competition in lending. |
| Operating expenses fell 2%, thanks to the synergies achieved with the optimization plans implemented. |
| Loan-loss provisions were down 41% year-on-year, underscoring the continued normalization in a more favourable cycle, reflected in negative NPL entries. |
| The NPL ratio was 6.61% (-96 b.p. year-on-year). The coverage ratio increased by 2 p.p. to 48%. |
| The cost of credit improved to 0.71% from 1.21% in the first nine months of 2014. |
Spain. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||
|
|
|
|
|||||||||||||||
3Q15 | % | 9M15 | % | |||||||||||||||
|
||||||||||||||||||
Gross income |
1,570 | 3.2 | 4,842 | (2.1 | ) | |||||||||||||
|
||||||||||||||||||
Net operating income |
708 | 6.2 | 2,268 | (1.9 | ) | |||||||||||||
|
||||||||||||||||||
Attributable profit to the Group |
311 | 33.9 | 883 | 64.2 | ||||||||||||||
|
||||||||||||||||||
Loans w/o repos |
158,181 | (2.0 | ) | 158,181 | (1.3 | ) | ||||||||||||
|
||||||||||||||||||
Funds |
222,193 | (2.2 | ) | 222,193 | 1.8 | |||||||||||||
|
||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
54.9 | (1.3 | ) | 53.2 | (0.1 | ) | ||||||||||||
|
||||||||||||||||||
NPL ratio (%) |
6.61 | (0.30 | ) | 6.61 | (0.96 | ) | ||||||||||||
|
||||||||||||||||||
NPL coverage (%) |
47.8 | 1.0 | 47.8 | 2.3 | ||||||||||||||
|
22
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Main units of Continental Europe. Santander Consumer Finance
First nine months highlights
g | The agreement with PSA Finance and the integrations in the Nordic countries boost the areas growth potential. |
g | Year-on-year growth in lending in the core countries: Spain, Germany and Nordic countries. |
g | Attributable profit of 702 million in the first nine months, 28% more than in the same period of 2014. |
g | Good performance of gross income, which grew well above costs and provisions. |
Strategy and Activity
| The units of Santander Consumer Finance (SCF) in continental Europe conducted their business in an environment of a recovery in consumption and car sales (+9% year-on-year in our footprint). |
| The agreement with Banque PSA Finance consolidates our auto finance leadership. As regards direct business, the integration of GE Nordics increased the weight of this product in the business mix and strengthened profitable and diversified growth. |
| The focuses of management this year are: progress in integrating the agreements with PSA and drive new lending and cross selling on the basis of each market, backed by the brand agreements and exploiting competitive advantages. |
| SCF continued to gain market share, supported by a business model with a wide geographic diversification, critical mass in key products, better efficiency than its peers and a common system of risks and recoveries. |
| New lending increased 24% year-on-year (+9% on a like-for-like basis), fuelled by direct credit and cards (+21%) and new auto finance (+40%). Of note were Spain (+27%) and the Nordic countries (+26%), while Germany was up 4%. |
| Customer lending grew 20% year-on-year, mostly due to agreements and acquisitions. |
| Stable customer deposits (around 32,000 million), something that marks out Santander from its competitors, and greater recourse to wholesale funding (6,721 million issued in the first nine months, via senior debt issues and securitisations). |
| Customer deposits and medium- and long-term issues-securitisations placed in the market covered 74% of net lending in the first nine months. |
Results
Third quarter attributable profit of 242 million, similar to the second quarter.
First nine months profit of 702 million (+28% year-on-year), benefiting from the perimeter impact of units incorporated (GEs business in Nordic countries and Carfinco in Canada) and the PSA agreement.
| Gross income increased 25%, due to growth in net interest income that was stronger than the rise in costs (+20%), improving the efficiency ratio by 1.7 p.p. to 44.0%. |
| Provisions increased 10% (well below the rise in gross income), partly due to the perimeter and partly to the release of funds in some units in the first quarter of 2014. |
| The NPL ratio (4.15%) and coverage (107%) improved and are excellent for the standards of consumer business. |
| Of note by units was the good performance of the Nordic countries profits (+62%), Germany (+36%) and Spain (+9%). Italys and Portugals also rose, and Poland registered the only fall, due to reduced interest rates and the maximum limit set by the Lombard rate. |
Santander Consumer Finance. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||
|
|
|
|
|||||||||||||||
3Q15 | % | 9M15 | % | |||||||||||||||
|
||||||||||||||||||
Gross income |
1,018 | 2.7 | 2,968 | 24.7 | ||||||||||||||
|
||||||||||||||||||
Net operating income |
575 | 4.8 | 1,662 | 28.7 | ||||||||||||||
|
||||||||||||||||||
Attributable profit to the Group |
242 | 0.3 | 702 | 27.6 | ||||||||||||||
|
||||||||||||||||||
Loans w/o repos |
73,329 | 0.8 | 73,329 | 19.9 | ||||||||||||||
|
||||||||||||||||||
Funds |
31,790 | (0.1 | ) | 31,790 | 4.0 | |||||||||||||
|
||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
43.5 | (1.1 | ) | 44.0 | (1.7 | ) | ||||||||||||
|
||||||||||||||||||
NPL ratio (%) |
4.15 | (0.10 | ) | 4.15 | 0.18 | |||||||||||||
|
||||||||||||||||||
NPL coverage (%) |
107.2 | 2.3 | 107.2 | 0.8 | ||||||||||||||
|
23
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Main units of Continental Europe. Poland (changes in local currency)
First nine months highlights
g | Year-on-year and quarter-on-quarter rise in lending, with positive expectations for the economy. |
g | Focus on large companies, SMEs, leasing and mortgages. Santander continues to be the market leader in cards, mobile and online banking. |
g | In deposits, strategy to manage spreads following the successful commercial strategy of 2014 to drive deposits growth. |
g | Revenues and costs management in an environment of lower interest rates. |
Strategy and Activity
| The Bank continued the Next Generation Bank strategic programme to develop the Bank at all levels. Its main goal is to become the bank of choice. |
| We continued to be the market leader in cards, mobile and online banking, marketing various products and initiatives. The BZWBK 24 mobile channel app is regarded as the best in Poland and the second best in Europe, according to the 2015 Global Mobile Banking Functionality Benchmark drawn up by the consultancy Forrester Research and was awarded Best Mobile App at the 2015 Emerging Payments Awards. |
| Loans rose 9% year-on-year, backed by the Banks target segments: SMEs (+12%), companies (+8%), leasing (+19%) and factoring (+30%). Lending to individual customers rose 9% (mortgages +9%, cash loans +8% and credit cards +17%). |
| In funds, and following the sharp increase underpinned by the successful commercial campaigns in the second half of 2014, the strategy in 2015 was more centred on management of spreads. Deposits grew 2% year-on-year (+28% from companies) and stable deposits from individuals. |
| This evolution maintained our solid funding structure (net loan-to-deposit ratio of 91%). |
Results
Third quarter attributable profit of 73 million, 7 million less in constant euros than in the second quarter, due to the seasonal collection of dividends (22 million in the second quarter and zero in the third). On the other hand, net interest income rose after falling for several quarters.
The first nine months profit of 243 million was 7% lower than in the same period of 2014, as follows:
| Gross income fell 4% year-on-year due to the net impact of the following: |
- | Reduction in net interest income and fee income. The first was due to lower interest rates, which particularly affected consumer interest rates because of the maximum set by the Lombard rate, and the second, because of tougher regulations that mainly hit card business. |
- | On the other hand, gains on financial transactions rose sharply backed by a strategy of interest rate hedging to offset the drop in net interest income. |
| Operating expenses increased 2%, partly due to the new variable remuneration plan and partly to higher regulatory costs. |
| Loan-loss provisions were 4% lower and lending higher. The NPL ratio was 29 b.p. lower than in September 2014 at 7.14%. |
| Our bank in Poland continued to produce better-quality results than its peers, according to the latest data available, underpinned by the success of the commercial strategy and increased productivity. |
Poland. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | |||||||||||||||||||||
|
||||||||||||||||||||||||||
Gross income |
309 | (8.1 | ) | (5.7 | ) | 985 | (3.7 | ) | (4.2 | ) | ||||||||||||||||
|
||||||||||||||||||||||||||
Net operating income |
162 | (11.2 | ) | (8.8 | ) | 534 | (8.2 | ) | (8.6 | ) | ||||||||||||||||
|
||||||||||||||||||||||||||
Attributable profit to the Group |
73 | (10.7 | ) | (8.2 | ) | 243 | (7.0 | ) | (7.4 | ) | ||||||||||||||||
|
||||||||||||||||||||||||||
Loans w/o repos |
19,374 | 0.8 | 2.0 | 19,374 | 6.8 | 8.6 | ||||||||||||||||||||
|
||||||||||||||||||||||||||
Funds |
23,812 | (0.4 | ) | 0.8 | 23,812 | (0.1 | ) | 1.5 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
47.5 | 1.8 | 45.8 | 2.6 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL ratio (%) |
7.14 | 0.07 | 7.14 | (0.29 | ) | |||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL coverage (%) |
63.1 | (0.4 | ) | 63.1 | (2.7 | ) | ||||||||||||||||||||
|
24
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Main units of Continental Europe. Portugal
First nine months highlights
g | Commercial actions to attract individual customers and companies. |
g | Market share gains in lending and deposits. |
g | Attributable profit was 61% higher year-on-year, mainly due to higher net interest income and lower needs for provisions. |
Strategy and Activity
| The Banks strategy continued to focus on managing spreads on loans, gaining more market share, particularly in companies, controlling NPLs and improving efficiency. |
| Of note in the first nine months, and among the main commercial actions, was the launch of the Mundo 1|2|3 account in order to grow in the markets medium segment. Since its launch on March 2, the number of 1|2|3 customers has grown to around 60,000 (40,000 in June). |
| The Bank is still very focused on attracting new company clients, backed by the Santander Advance programme which has become a key tool (7,450 accounts opened for shops and SMEs since its launch at the end of 2014). |
| These strategies are reflected in a slower decline in lending (-1% year-on-year), and in a rise in credit to companies compared to a fall for the market as a whole. Of note in 2015 were market shares in new lending of 15.0% in companies and 17.2% in mortgages. |
| Funds rose slightly, within the strategy of increasing demand deposits (+18%) and mutual funds (+20%), while time deposits declined 5%. This produced a further improvement in the cost of deposits. |
| This performance enabled the increase in the market share of the stock, around half a percentage point on loans and deposits. |
Results
The third quarter attributable profit was 77 million, well above the second quarters 49 million, favourably impacted by the gains from the sale of the stake in Banco Caixa Geral Totta Angola (39 million before tax).
The first nine months profit was 61% higher year-on-year at 181 million. This was due to the good performance of the main lines of the income statement:
| In gross income, net interest income increased due to the better cost of funding, partly offset by the fall in fee income and gains on financial transactions. |
| Costs edged down (-0.2%), due to the commercial networks optimization in accordance with the business environment. |
| Loan-loss provisions were 37% lower and the cost of credit improved to 0.35%. In local criteria, the NPL and coverage ratios continued to be better than the systems averages. |
| And the result of the sale of the stake already commented on. |
Portugal. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||
|
|
|
|
|||||||||||||||
3Q15 | % | 9M15 | % | |||||||||||||||
|
||||||||||||||||||
Gross income |
226 | (3.4 | ) | 698 | 0.3 | |||||||||||||
|
||||||||||||||||||
Net operating income |
102 | (8.8 | ) | 328 | 0.9 | |||||||||||||
|
||||||||||||||||||
Attributable profit to the Group |
77 | 55.1 | 181 | 60.5 | ||||||||||||||
|
||||||||||||||||||
Loans w/o repos |
24,292 | (0.0 | ) | 24,292 | (0.8 | ) | ||||||||||||
|
||||||||||||||||||
Funds |
25,580 | 0.9 | 25,580 | 0.8 | ||||||||||||||
|
||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
54.9 | 2.6 | 52.9 | (0.3 | ) | |||||||||||||
|
||||||||||||||||||
NPL ratio (%) |
8.86 | 0.06 | 8.86 | 0.37 | ||||||||||||||
|
||||||||||||||||||
NPL coverage (%) |
56.2 | 2.0 | 56.2 | 2.3 | ||||||||||||||
|
25
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u United Kingdom (changes in sterling)
First nine months highlights
g | Strong business flows in both retail and corporates, with growth in current account and mortgages as well in corporate lending. |
g | Attributable profit up 14% year-on-year, driven by net interest income and drop in provisions. |
g | Ongoing investment, to grow the business and underpin future efficiency improvement. |
g | The 1/2/3 World customers continued to grow, with improved customer loyalty, activity levels and risk profile. |
Strategy and Activity
| Lending increased 5% compared to September 2014, largely due to corporate lending (+12%), mortgages (+2%) and unsecured consumer and vehicle finance lending (+45%). The PSA Finance UK limited joint venture completed in February 2015. |
| New gross mortgage lending was £19,600 million, including £3,500 million to first time buyers. Growth is expected to be in line with the market for the remainder of the year. |
| Support for UK businesses continued despite a contracting market, with lending to corporates up 12% year-on-year. This performance is underpinned by the broader product suite and extended footprint now in place. |
| Strong growth in customer deposits (+6% over September 2014) was driven by increased current accounts which have grown by £1bn per month since end 2012 (+34% over September 2014). Corporate current account volumes rose by 27%. |
| 1/2/3 World customers increased to 4.6 million, up 1.3 million in the last 12 months and with 95% of 1I2I3 current account customers having their primary bank account with us. Santander UK remained first choice for current account switchers since September 2013. |
| Significant improvement in customer satisfaction over the last three years, with continued focus on further improvement. |
| Santander UK is focused on maintaining a strong balance sheet. At the end of September 2015, the CRD IV end point Common Equity Tier 1 capital ratio stood at 11.7% and leverage ratio improved to 4.1% from 3.8% in December 2014. |
Results
The third quarter attributable profit of £343 million, 13% lower than the second quarter, largely as a reduction in net fee income of the Global Corporate Banking segment and an additional £43m conduct remediation provision relating to wealth and investment products.
Attributable profit in the first nine months of £1,087 million (+14% year-on-year) increased due to higher net interest income and lower loan loss provisions:
| Net interest income rose 6% year-on-year, underpinned by margin improvements and higher volumes. Net interest income / average customer assets improved to 1.84% in the first nine months of 2015, from 1.81% in the same period of 2014. |
| Operating expenses increased as a result of investment in business growth, and the continued enhancements to our digital channels. These strategic investments underpin future efficiency improvements. |
| Loan-loss provisions fell 74%, with improved credit quality across the loan portfolios, conservative loan-to-value criteria, and supported by a benign economic environment. In addition, in the third quarter of 2015 provisions were released related to portfolio disposals and improvements in the credit quality of the mortgage book. |
United Kingdom. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | |||||||||||||||||||||
|
||||||||||||||||||||||||||
Gross income |
1,605 | (1.3 | ) | (2.0 | ) | 4,781 | 16.6 | 4.4 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Net operating income |
761 | (2.8 | ) | (3.5 | ) | 2,271 | 16.2 | 4.1 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Attributable profit to the Group |
480 | (12.0 | ) | (12.8 | ) | 1,496 | 27.9 | 14.5 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Loans w/o repos |
277,033 | (2.4 | ) | 1.4 | 277,033 | 10.7 | 5.2 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Funds |
226,596 | (2.7 | ) | 1.0 | 226,596 | 11.0 | 5.5 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
52.6 | 0.7 | 52.5 | 0.1 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL ratio (%) |
1.51 | (0.10 | ) | 1.51 | (0.29 | ) | ||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL coverage (%) |
39.6 | (0.7 | ) | 39.6 | (3.8 | ) | ||||||||||||||||||||
|
26
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Main units of Latin America. Brazil (changes in local currency)
First nine months highlights
g | Strategy to boost the number of customers, their engagement and more sustainable revenues with lower risk. |
g | Positive revenues trend, with double-digit year-on-year growth in loans and funds. |
g | Third quarter profit of 385 million. Ordinary profit for the first nine months was 37% higher year-on-year due to more revenues and control of costs. |
g | Additionally, in the second quarter the Group recorded attributable profit of 835 million, due to the net result of the reversal of tax liabilities. |
Strategy and Activity
| The strategy continued to focus on making the bank simpler, more modern and a better experience for our customers. Of note in the third quarter were: |
- | Relaunch of the Van Gogh segment for medium-high income clients, with a competitive offer of products, services, customer attention and a financial focus adjusted to this segment. |
- | Strong campaign Vale a Pena Ser Digital - to digitalise customers. As a result, new mobile banking and the simplification onboarding process with the boas vindas welcome pack are reflected in a digital customer increase. |
- | We continued to make progress in transformation processes: commercial model (CERTO); processes of opening of accounts with delivery of cards and PIN the same day; digital channels that are simpler and more accessible; strengthening of acquiring activity; drive in payroll business, following the link up with Banco Bonsucesso, and consolidation of the financial and non-financial offer for SMEs, following the launch of Santander Negocios y Empresas. |
| Lending rose 16% year-on-year and 5% in the third quarter. In both cases, impact of the exchange rate on dollar portfolios, and perimeter impact on year-on-year comparison from the entry of Bonsucesso. Excluding this, +7% year-on-year and +1% in the quarter. |
| Strong year-on-year growth in lending to companies and big companies (+31%, partly aided by balances in dollars) and mortgages for individual borrowers (+28%). Improved trend in credit to SMEs (+7% year-on-year). |
| Funds grew 15%, with a good performance of mutual funds (+20%), time deposits (+10%) and demand deposits (+8%). |
Results
The third quarter profit was 385 million, affected by the reals depreciation (-1% in constant euros). Of note was the growth in net interest income and fee income, a lower tax charge and more loan-loss provisions due to the small rise in non-performing loans (mainly in companies), in line with the sectors trend.
The first nine months ordinary profit (excluding the reversal of tax liabilities in the second quarter) was 1,315 million (+37% y-o-y).
| Gross income rose 9%, thanks to a good evolution of net interest income (+8%), which increased for the fourth quarter running, and fee income (+10%). Of note were the revenues from cards (acquiring), insurance and foreign trade. |
| Operating expenses increased 5% (inflation of 9.5% in September). In real terms and on a like-for-like basis, they fell 6%, reflecting the efforts made in prior years to improve efficiency and productivity. |
| Loan-loss provisions declined 1%, as a result of selective growth of the portfolio (profitability/risk mix), which was reflected in the year-on-year improvement in credit quality indicators: the cost of credit dropped 74 b.p. to 4.4% and the NPL ratio fell 34 b.p. to 5.30%. |
Brazil. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | |||||||||||||||||||||
|
||||||||||||||||||||||||||
Gross income |
2,656 | (10.9 | ) | 2.5 | 8,643 | (3.3 | ) | 8.8 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Net operating income |
1,600 | (12.6 | ) | 0.7 | 5,251 | (0.8 | ) | 11.6 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Ordinary attributable profit to the Group |
385 | (14.8 | ) | (1.4 | ) | 1,315 | 22.1 | 37.4 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Loans w/o repos |
61,628 | (18.8 | ) | 4.8 | 61,628 | (20.2 | ) | 16.0 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Funds |
72,596 | (18.8 | ) | 4.9 | 72,596 | (21.2 | ) | 14.5 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
39.7 | 1.1 | 39.3 | (1.5 | ) | |||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL ratio (%) |
5.30 | 0.17 | 5.30 | (0.34 | ) | |||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL coverage (%) |
96.0 | 0.1 | 96.0 | 4.6 | ||||||||||||||||||||||
|
27
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Main units of Latin America. Mexico (changes in local currency)
First nine months highlights
g | The commercial strategy continued to reflect growth in business volumes and market share gains. |
g | Focus on the most profitable segments (Select, SMEs, companies) and on service quality. |
g | Pre-tax profit rose 7% year-on-year, mainly driven by gross income. |
Strategy and Activity
| Lending increased 21% year-on-year and deposits without repos 16%. Growth benefited from the greater installed capacity, combined with improvements in segmentation of customers and sales platforms. |
| Improved offer for SMEs, new funding support for young entrepreneurs and businesswomen. |
| In mortgages, improved processes with the new online assessment tool. In addition, new offers were launched for home developers and we participated in the purchase of INFONAVIT portfolios (Instituto del Fondo Nacional de la Vivienda para los Trabajadores) |
| In companies and institutions, we consolidated a new commercial system via our specialised customer relationship management (CRM) Neo Júpiter BEI. There are also new commercial initiatives focusing on the attraction and penetration of the automotive sector. |
| All of the above steps fuelled lending (+21%). Consumer credit was up 33% year-on-year and continued to notch up record months. Loans to SMEs increased 24%, mortgages (+14%) and companies (+22%), while credit card loans accelerated in the third quarter (+9%), reflecting the focus and commercial effort in a market that did not grow in year-on-year terms. |
| Deposits grew and their structure improved, as the demand deposits of individuals were up 22%. Mutual funds increased 5% and insurance business strengthened with the broader array of products and new digital marketing and customer attention platforms. |
| Lastly, multi-channel activity continued to be fostered (119 new ATMs in the third quarter, mobile and online banking initiatives) and development of strategic alliances with companies, which enabled us to expand our basic banking services via a network of 17,000 shops. |
Results
The first nine months pre-tax profit increased 7%. After deducting taxes (tax rate of 22%, and 20% in September 2014) and minority interests, attributable profit was 456 million (+2% year-on-year).
| Gross income rose 7% year-on-year. Net interest income was 13% higher due to further growth in lending, which offset interest rates still at very low levels. Fee income increased 3%, notably from insurance and transactions. Gains on financial transactions, on the other hand, declined 28% because of the persistently lacklustre markets. |
| Costs grew 6% year-on-year due to the greater installed capacity and new commercial projects to increase attraction and penetration. |
| Loan-loss provisions increased 11%, due to the faster rise in lending and the cost of credit improved by 39 b.p. year-on-year. |
Profit was 3% lower than the second quarter, due to higher provisions (lending up 6%), with stable revenues and costs.
Mexico. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | |||||||||||||||||||||
|
||||||||||||||||||||||||||
Gross income |
794 | (7.0 | ) | 0.4 | 2,467 | 10.2 | 7.4 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Net operating income |
467 | (6.6 | ) | 0.6 | 1,431 | 11.5 | 8.7 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Attributable profit to the Group |
143 | (10.6 | ) | (3.3 | ) | 456 | 5.0 | 2.4 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Loans w/o repos |
28,757 | (1.9 | ) | 6.2 | 28,757 | 8.6 | 21.3 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Funds |
36,520 | (4.3 | ) | 3.6 | 36,520 | 0.4 | 12.1 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
41.2 | (0.2 | ) | 42.0 | (0.7 | ) | ||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL ratio (%) |
3.54 | (0.27 | ) | 3.54 | (0.20 | ) | ||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL coverage (%) |
93.0 | 5.5 | 93.0 | 2.9 | ||||||||||||||||||||||
|
28
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Main units of Latin America. Chile (changes in local currency)
First nine months highlights
g | The commercial transformation was reflected in greater activity in the target segments of lending and funds. |
g | Increase in loyal customers. Customer attention quality maintained and migration to Select. |
g | Attributable profit of 378 million in the first nine months, 4% higher and improving year-on-year trend quarter after quarter. |
Strategy and Activity
| Santander is the leading bank in Chile in terms of assets and customers and has a marked retail focus (individuals and SMEs). The Group maintains its strategy of improving long-term profitability in a scenario of lower spreads and tougher regulations. |
| The focus in the third quarter was on maintaining the quality of customer attention and business dynamism. |
| New branches continued to be opened and exclusive Select spaces, with specialised executives. Further progress was made in the new model of traditional network branches. |
| In SMEs, the new Advance strategy was launched in order to manage customers integrally, improve the quality of service and respond to their particular needs. This strategy is supported by Neo Advance developments and the customer relationship model for SMEs. |
| These actions boosted customers and business. Total customers grew 3% year-on-year, notably growth in loyal customers, those of the greatest contribution (+9%), particularly SMEs (+14%) and high-income (+11%). |
| Lending increased 14% year-on-year, with a greater advance in target segments: companies and SMEs (+13%) and high-income clients (+18%). Mortgages rose 18% year-on-year. Funds were up 13%, particularly demand deposits (+16%). |
Results
Attributable profit was 125 million in the third quarter. Positive performance of gross income, notably that of net interest income, fee income and gains on financial transactions (due to volatility of exchange rates). On the other hand, higher provisions due to specific events with companies.
Profit for the first nine months was 378 million, 4% higher than in the same period of 2014, following a year-on-year improvement quarter after quarter.
By lines:
| Gross income increased 6%, with the higher volume of lending, a lower cost of funding, more fee income, gains on financial transactions and a good dynamic with customers activity offsetting the impact of the lower rate of change of the UF (+2.9% as against +3.7% in the same period of 2014). |
| Costs increased 9% due to the rises steming from the indexation of rentals and salaries to year-on-year inflation, as well as the impact of the pesos depreciation on IT service contracts indexed to the dollar and the euro. |
| The cost of credit fell: loan loss provisions rose 5%, below the growth in lending. |
Chile. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||
3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | |||||||||||||||||||||
|
||||||||||||||||||||||||||
Gross income |
606 | (4.3 | ) | 4.9 | 1,792 | 13.0 | 5.8 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Net operating income |
364 | (1.7 | ) | 7.5 | 1,049 | 10.6 | 3.5 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Attributable profit to the Group |
125 | (15.2 | ) | (7.1 | ) | 378 | 11.5 | 4.4 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Loans w/o repos |
32,800 | (5.5 | ) | 3.7 | 32,800 | 9.5 | 13.7 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Funds |
28,614 | (4.1 | ) | 5.3 | 28,614 | 9.2 | 13.4 | |||||||||||||||||||
|
||||||||||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
40.0 | (1.6 | ) | 41.5 | 1.3 | |||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL ratio (%) |
5.60 | (0.13 | ) | 5.60 | (0.38 | ) | ||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL coverage (%) |
52.8 | 1.2 | 52.8 | 0.5 | ||||||||||||||||||||||
|
29
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Other Latin American units. Argentina (changes in local currency)
First nine months highlights
g | Credit and deposit growth and trends in line with the markets. |
g | Attributable profit increased 17% year-on-year and 12% in the third quarter. Both due to higher revenues. |
g | Commercial revenues grew because of greater activity and transactions (collections, means of payment, etc). |
g | Operating expenses increased because of the opening of more branches and transformation projects. |
Strategy and Activity
| The Banks commercial strategy continued to focus on greater penetration and engagement with high income and SME segments. |
| The Select products were strengthened for high-income clients and new spaces and specialised corners continued to be opened. This boosted cross-selling, transaction engagement and the profitability of these clients. |
| Santander Río Advance was launched in April in order to bolster the SME segment. The financial proposal commits us to respond to loan requests within five days and the non-financial one offers business training and international projection for their businesses, among other things. |
| The expansion and transformation plan continued, with the opening of 37 new branches in the first nine months and 141 branches have been totally transformed. Some 200,000 customers now use the Santander Río Mobile app. |
| Credit rose 50% year-on-year, particularly to companies and consumer loans. Deposits increased 42%. |
Results
Attributable profit was 12% higher than in the second quarter, due to commercial revenues (+8%).
The first nine months profit was 274 million, 17% higher than in the same period of 2014.
| The success of the commercial strategy was reflected in a 25% rise in revenues (+37% net interest income). |
| Costs increased 42% due to branch openings, transformation and IT projects and the revision of the wage agreement. Net operating income was up 9%. |
| Loan-loss provisions declined 5%. Credit quality was high: cost of credit of 1.99%, a NPL ratio of 1.54% and coverage of 168%. All of them were notably better in the last 12 months. |
u Other Latin American units. Peru (changes in local currency)
First nine months highlights
g | Lending and deposits remained strong. |
g | Attributable profit increased 42% year-on-year due to higher revenues. |
Strategy and Activity
| The strategy continued to focus on more lending to the corporate segment, global clients and the countrys large companies. |
| Particular importance attached to close relations with customers and quality of service, exploiting synergies with the Groups other units. |
| Lending rose 16% year-on-year and deposits at the same pace, complemented by stable growth in medium-term financing. |
Results
| The third quarter attributable profit was 8 million, similar to the second quarter. |
| The first nine months profit was 23 million, spurred by net operating income (+60% year-on-year). This, in turn, increased because of the improvement in efficiency (gross income:+47%; costs:+26%). |
| Loan-loss provisions increased 23% from a very small base. The NPL ratio was just 0.22% and coverage is very high. |
30
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u Other Latin American units. Uruguay (changes in local currency)
First nine months highlights
g | Crédito de la Casa, the countrys fourth largest consumer credit institution, was bought in July, consolidating Santander with a 28% market share of finance companies and 25% of consumer credit among private sector banks. |
g | Double-digit growth in loans and deposits. |
g | Attributable profit increased 41% year-on-year and 43% in the third quarter (+35% and +27%, respectively, on a like-for-like basis). |
Strategy and Activity
| The Group is the countrys leading private sector bank, with a strategy focused on growing in retail banking and improving efficiency and the quality of service. |
| Of note was the launch of initiatives to reduce waiting times in branches, a new app with an innovative information service on the nearest branch and occupancy levels, and the EMV Chip to improve the security of cards. |
| Loans grew 20% year-on-year (+17% excluding perimeter): consumer credit (+16%) and SMEs (+32%). Deposits rose 21%. Santander acted as the placement agent for an issue of sovereign bonds in New York. |
Results
Attributable profit in the third half was 22 million, including around 2 million from the entry of loans from Casa. The third quarter profit was 43% higher than the second quarters (+27% on a like-for-like basis), due to higher growth in revenues than in costs and stable provisions.
| The attributable profit for the first nine months was 54 million, spurred by a 49% rise in net operating income. |
| Costs were also controlled (+6%), thanks to the efficiency plan developed in 2014. |
| These changes produced an improvement of 8 p.p. in the efficiency ratio to 56% at the end of September. |
| Loan-loss provisions increased, though from a low base, and credit quality remained excellent (NPL ratio of 1.05% and coverage of 244%). |
u Other Latin American units. Colombia
| Banco Santander de Negocios Colombia began to operate in January 2014. The new bank has a banking licence and share capital of $100 million. It specializes in the corporate and business market, with a particular focus on global clients, customers of the Groups International Desk programme and those local clients in the process of internationalizing. |
| Its main products are for investment banking and capital markets, transaction banking, treasury and risk coverage, foreign trade financing and working capital financing products in local currency, such as confirming. |
| The bank reached a point of equilibrium in the second quarter of 2015 between revenues and costs. |
31
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
BUSINESS INFORMATION BY GEOGRAPHY |
u United States (changes in dollars)
First nine months highlights
g | Continued investment to improve commercial activity and comply with regulatory requirements. |
g | Santander Bank grew selectively in deposits and loans. |
g | Santander Consumer USA kept up its strong growth in new lending and servicing activity. |
g | Attributable profit was 9% lower year-on-year (+11% in euros). |
Strategy and Activity
| Santander in the United States includes the holding SHUSA, commercial banking via Santander Bank and Banco Santander Puerto Rico, as well as the specialised consumer finance activity of Santander Consumer USA (SCUSA), the specialised asset management of non-resident clients via Banco Santander International (BSI), Santander Investment Securities (SIS), which acts as a broker, and the New York branch. |
| Santander US continued to strengthen its management teams, risk management models, data bases and basic control functions. This is part of a multi-year project to improve the Bank and comply with the regulators expectations. |
| On July 3, Grupo Santander announced it had reached an agreement to buy DDFS LLCs 9.68% stake in SCUSA. After this operation, subject to the corresponding regulatory approvals, the Groups stake will rise to around 68.7%. |
| Santander Banks lending increased 8% year-on-year, excluding the impact of portfolio sales and securitisations. |
The strategy in funds is to increase core deposits and reduce balances of the more expensive time deposits. Funds increased 1.5% in the quarter and 8% year-on-year, underpinned by the rise in current accounts, which is reflected on the continuous increase of core deposits in the last four quarters.
| SCUSA continued its strategy to diversify its business mix between assets retained on the balance sheet, assets sold and more servicing of portfolios. |
| Puerto Rico maintained its strategy of deleveraging in order to reduce the balance of loans and BSI grew organically. |
Results
The first nine months attributable profit was 735 million, 9% less than the same period of 2014, due to higher costs, provisions and minority interests, which more than offset revenue growth.
| Gross income rose 10%, mainly due to SCUSA, as a result of the larger volume of portfolios, which spurred net interest income, as well as fee income from servicing. Santander Banks net interest income is under pressure from lower than expected interest rates, offset by gains on financial transactions. |
| Costs increased 12%, due to the efforts made in regulatory compliance and IT investments. |
| Loan-loss provisions rose 6%, due to both SCUSA, because of the higher level of retention of loans, as well as Santander Bank, which shows a trend of normalization after recording very low levels in 2014 (recoveries in the first quarter). |
United States. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||||
3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | |||||||||||||||||||||
|
||||||||||||||||||||||||||
Gross income |
1,952 | (2.4 | ) | (1.8 | ) | 5,820 | 33.2 | 9.5 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Net operating income |
1,180 | (7.1 | ) | (6.6 | ) | 3,622 | 31.7 | 8.2 | ||||||||||||||||||
|
||||||||||||||||||||||||||
Attributable profit to the Group |
186 | (14.3 | ) | (13.7 | ) | 660 | 10.6 | (9.1 | ) | |||||||||||||||||
|
||||||||||||||||||||||||||
Loans w/o repos |
84,853 | 1.3 | 1.4 | 84,853 | 21.1 | 7.8 | ||||||||||||||||||||
|
||||||||||||||||||||||||||
Funds |
65,905 | 0.7 | 0.8 | 65,905 | 25.1 | 11.4 | ||||||||||||||||||||
|
||||||||||||||||||||||||||
Efficiency ratio (with amortisations) (%) |
39.6 | 3.1 | 37.8 | 0.7 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL ratio (%) |
2.20 | | 2.20 | (0.37 | ) | |||||||||||||||||||||
|
||||||||||||||||||||||||||
NPL coverage (%) |
218.3 | (5.9 | ) | 218.3 | 34.6 | |||||||||||||||||||||
|
32
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
BUSINESS INFORMATION BY GEOGRAPHY |
First nine months highlights
g | Higher losses year-on-year due to lower results from centralized management of the various risk (mainly interest rate and exchange rate risks) due to reduced revenues from the portfolio of assets, mainly related to interest rate hedging, as well as higher provisions to bolster the balance sheet. |
g | Lower loss in the third quarter than in the second, mainly due to higher gains on financial transactions related to exchange rate hedging. |
Strategy/functions and activity
| Functions developed by the Financial Management area: |
- | Structural management of liquidity risk to finance the Groups recurring activity, the financial stakes and management of the net liquidity related to the needs of some of the business units. |
- | This activity is carried out using diversified funding instruments (issuances and other), maintaining an adequate profile (volumes, maturities and costs). The price at which these operations with other Groups units are conducted is the market rate (euribor or swap) plus the premium which, in concept of liquidity, the Group supports by immobilizing funds during the term of the operation. |
- | Also, active management of interest rate risk to soften the impact of interest rate changes on net interest income, conducted via derivatives of high credit quality, very liquid and low capital consumption. |
- | Strategic management of the exposure to exchange rates on equity and on the counter value of the units results in euros for the next 12 months. Net investments in equity covered by EUR 15,065 million (mainly Brazil, UK, Mexico, Chile, US, Poland and Norway) with various instruments (spot, fx or forwards). |
| Total management of capital and reserves: assigning capital to each of the units. |
| Lastly, and marginally, the Corporate Centre reflects the stakes of a financial nature that the Group has under its policy of optimizing investments. |
Results
In year-on-year terms:
| Lower revenues due to reduced results from centralized management of the various risk (mainly interest rate and exchange rate risks), which were very partly offset by the lower financial cost of issues due to the decline in interest rates, as well as lower volumes. |
| Costs remained flat. The expenses related to ongoing corporate operations are registered here, until launched, and costs emanating from regulatory requirements. |
| Other income, including provisions and various contingencies, recorded losses of 378 million, up from 128 million in the first nine months of 2014. This was due to provisions to reinforce the balance sheet. |
The lower losses in the third quarter than in the second were mainly due to higher gains on financial transactions, partly because of results in hedging of exchange rate risk.
Corporate Centre. million
3Q15 | 2Q15 | % Var, | 9M15 | 9M14 | % Var, | |||||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
(56 | ) | (177 | ) | (68.2 | ) | (463 | ) | 9 | | ||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
(199 | ) | (327 | ) | (39.4 | ) | (898 | ) | (428 | ) | 109.9 | |||||||||||||
|
||||||||||||||||||||||||
Attributable profit to the Group |
(394 | ) | (489 | ) | (19.5 | ) | (1,375 | ) | (563 | ) | 144.3 | |||||||||||||
|
33
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
INFORMATION BY GLOBAL BUSINESS |
u Retail Banking
First nine months highlights
g | We continued to transform our retail banking model into one that is increasingly more simple, personal and fair. |
g | Customer-focused, developing specialized models, ranges of simple products and global proposals. |
g | Drive in multi-channels, particularly digital ones. |
g | At the close of September, the Group had 13.4 loyal customers and 15.7 million digital customers. |
g | Ordinary profit of 5,456 million, 33% more than in the first nine months of 2014 (+27% excluding the forex effect). |
Strategy and activity
The bank continued to transform its retail banking, making progress in the main lines: enhanced knowledge of our customers, specialised management of each segment and differentiated value proposals, installing a multi-channel distribution model with the thrust of digital channels, and projects to improve customer satisfaction.
The Group ended September with 13.4 million loyal customers and 15.7 million digital ones, in both cases higher than at the end of June.
In order to increase business productivity and customer satisfaction, the commercial NEO CRM tool continued to be rolled out so as to have a 360º view of customer performance and relations with the Bank. It is already installed in Chile (the origin of this best practice), Brazil, US and Spain, and is being developed in the rest of units.
In order to improve long-term engagement and relations with customers, differentiated value proposals were launched in several countries:
| The 1|2|3 account was launched in Spain in May and well received. At the end of September over 500,000 of these accounts were opened, 140,000 of which by customers who moved their payroll cheques from other banks. |
| In the Select segment, the Select Premium Portfolios were launched in Germany, which includes three strategic portfolios based on clients risk profiles, and the Select Expat in Mexico for executives working in companies abroad. |
| In protection insurance, the welcome calls to new customers implemented in Spain, Mexico and Brazil are achieving substantial improvements in customer satisfaction. |
| Relations with private banking clients were strengthened by the Santander Private Banking Business School programme, designed to support the training of the children and relations of clients in managing their finances. |
We continued to strengthen support for SMEs and companies:
| Santander Advance is now installed in eight countries and continues to increase its value offer. |
| The Santander Trade portal is now available in 12 countries and is used by more than 30,000 exporters and importers. |
The digital transformation, a recognised strategic priority, is manifested in improvements in commercial websites, as well as the launch of new apps and developments for mobile phones, such as, Cash KiTTi and Spendlytics in the UK.
Underlining the progress in this field was the recognition of the new mobile app launched in Poland as the countrys best and the second best in Europe, according to the 2015 Global Mobile Banking Functionality Benchmark report by the consultancy Forrester Research. Santander Río was also chosen as Argentinas best digital bank.
Results (in constant euros)
The ordinary profit for the first nine months was 5,456 million, 2% higher in the quarter and 27% year-on-year
| This was due to the good evolution of gross income (+8% y-o-y, thanks to net interest income). Costs rose 7% (+1% on a like-for-like basis and in real terms), while provisions dropped 8% from the first nine months of 2014. |
Retail Banking. million
o/ 2Q15 |
o/ 9M14 |
|||||||||||||||||||||||
3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | |||||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
10,094 | (2.9 | ) | 1.9 | 30,726 | 10.8 | 8.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
5,473 | (3.9 | ) | 1.1 | 16,746 | 12.6 | 9.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Ordinary attributable profit to the Group |
1,794 | (1.8 | ) | 2.1 | 5,456 | 33.4 | 26.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Loans w/o repos |
690,824 | (2.9 | ) | 1.3 | 690,824 | 6.1 | 6.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Funds |
693,595 | (3.6 | ) | 0.9 | 693,595 | 4.7 | 6.8 | |||||||||||||||||
|
34
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
INFORMATION BY GLOBAL BUSINESS |
u Santander Global Corporate Banking (SGCB)
First nine months highlights
g | Attributable profit of 1,304 million, 2% lower year-on-year, due to higher costs from the investment in franchise development. |
g | Gross income increased driven by net interest income and fee income. Provisions remained virtually unchanged. |
g | Reference positions in corporate loans, project finance and issues, among others, in Europe and Latin America. |
Strategy and Activity
SGCB maintained the lines of action begun in 2014: develop the sale of products to all the Banks clients, foster transaction business, deepen the creation of the customer franchise in the UK, the US and Poland and step up our coverage in Asia and the Andean region, in line with the Groups expansion in these areas.
Of note in the third quarter were:
| Trade Finance, strong progress in export finance to support clients in new markets and successful development of project finance business covered by export credit agencies. The Group is the global reference (second in the global league tables), holding leading positions in all the relevant industries in our core markets. |
| Cash Management, made a solid contribution in all countries, particularly in Mexico, Brazil and the UK. Mandates were won in the third quarter, strengthening our Latin American and European regional leadership. |
| In syndicated corporate loans, we continued to be the reference in Europe and Latin America, participating in the main acquisitions in the markets where we operate: IAG (Aer Lingus), Barceló (Occidental), Vidrala (Encirc), Royal Dutch Shell (BG Group), Abertis, CCR, Companhia de Locação das Américas, Fibra Uno, Pemex and Kulcyk Investments (CIECH). |
| Of note in Corporate Finance, was the greater activity in Europe for equity capital markets, particularly our participation in the listing of CELLNEX in Spain, as well as the capital increases of Monte de Paschi di Siena and Carige in Italy. |
| In the debt capital markets, Santander heads the Latin American ranking with a full range of products covering local as well as cross-border needs. Success in Europe in liability management and hybrid capital transactions. |
| In Project Finance, Santander is one of the leaders in the American league tables. It is the reference bank in the US for renewable energy projects, among which is the $250 million Mustang solar project, fully structured and underwritten by Santander. Participation in Europe included underwriting the £1 billion Thames Tideway financing, structured under the novel modality of a revolving credit facility with a British government guarantee. |
| A&CS, good quarter with asset finance operations for ships and aircrafts in Spain, Asia and the Middle East. |
| As regards Markets activity, positive evolution of revenues from sales business, particularly in the corporate segment. Strong growth in Latin America and the UK. Lower year-on-year contribution from the management of books. |
Results (in constant euros)
Results were backed by the strength and diversification of customer revenues (87% of the total). SGCB generated 11% of gross income and 19% of the Groups attributable profit from the operating areas.
| Gross income increased 3% year-on-year. Of note was the 6% rise in that from global transaction banking in an environment of contained spreads and low interest rates, and the 10% increase from financing solutions and advisory. This reflected the strength of the various businesses. The good performance in Latin America of global markets offset the lower contribution from European units. |
| Costs were higher because of investments in high growth potential markets, particularly in the US, UK, Poland and Asia, and loan-loss provisions increased 1.6%. |
Santander Global Corporate Banking. million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||
3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | |||||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
1,253 | (7.5 | ) | (2.5 | ) | 4,005 | 3.9 | 3.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
732 | (12.0 | ) | (5.8 | ) | 2,452 | (1.4 | ) | (0.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Ordinary attributable profit to the Group |
396 | (12.1 | ) | (7.1 | ) | 1,304 | (2.3 | ) | (1.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Loans w/o repos |
89,036 | (3.8 | ) | 2.4 | 89,036 | 10.0 | 17.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Funds |
59,810 | (5.0 | ) | 0.6 | 59,810 | (1.8 | ) | 4.2 | ||||||||||||||||
|
35
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
CORPORATE GOVERNANCE |
Changes to the boards regulations
| The board, at its meeting on July 29, agreed to modify its regulations in order to bring them into line with the reform of by-laws approved at the ordinary general meeting of shareholders on March 27 so as to adapt the statutes to the new developments in the sphere of corporate governance introduced by Law 31/2014 of December 3, 2014, which changes the Corporation Law in order to enhance corporate governance. |
The change in the regulations also aims to review and adapt the Banks corporate governance rules to the recommendations that are applicable to it as a listed company and as a credit institution, for which the new code of good governance of listed companies published by the National Securities Market Commission in February 2015 was taken into account, as well as the internal governance guide of the European Banking Authority and the new Basel guide on banks corporate governance published on July 8.
Lastly, come changes were introduced to the boards committees, as well as certain technical improvements and to the Banks internal governance rules.
| The board, at its meeting on September 29, agreed to modify the regulation so that the maximum number of members of the innovation and technology committee is eight. |
Changes to the composition of the board and its committees
| Ms. Sheila C. Bair resigned as a director of the Bank effective October 1, following her recent appointment as the rector of Washington College. |
| Following the verification on September 21 by the European Central Bank of the suitability of Mr. Ignacio Benjumea Cabeza de Vaca as a non-executive director of the Bank, his appointment to the board was made effective and his incorporation to the executive, risk, appointments and remuneration committees. He also joined the technology and innovation committee on September 29 and the risk supervision, regulation and compliance committee on October 1 in place of Ms. Sheila C. Bair. |
Appointments at the subsidiaries in Mexico, Brazil and the United States (1)
| Mr. Marcos Martínez Gavica was appointed chairman of the board of Grupo Financiero México, S.A.B. de C.V. and of Banco Santander (México), S.A. Institución de Banca Múltiple, Grupo Financiero Santander México, as of January 1, 2016, and Mr. Héctor Grisi Checa was named executive chairman and director general of these entities, as of December 1, 2015. |
| Mr. Sérgio Rial, non-executive chairman of the board of Santander Brazil, S.A., was appointed executive chairman and the Groups country head in Brazil as of January 1, 2016. |
| Mr. Scott Powell, CEO of Santander Holding USA, Inc. and the Groups country head in the United States, was appointed CEO of Santander Bank, N.A., and Mr. Jason Kulas was appointed CEO of Santander Consumer USA. |
(1) | These appointments are subject to the corresponding regulatory authorisations. |
36
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
CORPORATE SOCIAL RESPONSIBILITY |
Corporate social responsibility
Grupo Santander continued to develop initiatives under its commitment to corporate social responsibility. The main ones during the third quarter were:
Presence in sustainable indices and investors
| Banco Santander continued to be part of the Dow Jones Sustainability Index, the main international one that measures companies sustainable performance. The index assesses economic, environmental and social aspects. |
| With a score of 84 out of 100, Banco Santander is recognised by Dow Jones as one of the best valued banks in the world and the first in Spain for its sustainable performance, its contribution to peoples and companies progress and its protection of the environment, according to the rating agency RobecoSAM. |
Social investment
Santander Universities
| Sixty-three universities from all over the world who showed their commitment to alleviating poverty attended the international congress of rectors Universities for Poverty Alleviation, organised by Banco Santander and the NGO Helsinki Spain-Human Dimension. |
Ana Botín, the executive chairman, closed the meeting and reaffirmed Banco Santanders commitment to society and to universities. She expressed a firm conviction that innovation, science and research are vital tools in the fight against poverty, one of the most important problems facing humanity.
| For the fourth year running Grupo Santander City hosted various training activities that the Complutense University in Madrid organised as part of the XXVIII edition of its summer courses. Banco Santander is the main sponsor. Of note were four courses related to global sustainable development, new ways of working in companies in the 21st century, the employability of university students, entrepreneurship and innovation. |
| In Portugal, the Santander Scholarship programme of work experience in SMEs will deliver 1,500 scholarships over the next three years so that students can complement their studies with practical work. Santander Totta offers help to university students through placements in Portuguese SMEs and facilitates companies having such students. |
Investment in the community
| In Brazil, the Banks microcredit programme notched up a record BRL 3 billion since 2002. This programme provides financial support to more than 500 local governments by helping communities and customers structure their business and enabling them to grow. |
| In Chile, the Bank launched Sanodelucas Play, an interactive financial education game that helps make people aware of the importance and benefits of keeping their personal finances in order. The Sanodelucas programme strengthens the financial education of individuals and SMEs, whether they are clients of the Bank or not. |
| Bank Zachodni WBK held its Semana sin Barreras programme to make employees aware of the opportunities of providing a simple service and one without obstacles for customers with disabilities, through the multi channel service. The programme facilitates access to online channels, including voice systems in ATMs. A total of 193 branches have an accessibility certificate for the disabled. |
As regards corporate social responsibility, the Group reaffirmed its commitment at its Investor Day in September to contribute to the economic and social progress of the communities in which it operates. Two goals were set for 2016-2018: the granting of 130,000 scholarships and helping 4.5 million people through support programmes.
37
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
THE SANTANDER SHARE |
Shareholder remuneration
| Shareholders received in August the first dividend in cash charged to 2015s earnings of 0.05 per share. |
| At the same time, it was agreed to apply the Santander Dividendo Elección programme (scrip dividend) at the dates when the second dividend is traditionally paid. Each shareholder received a free allotment right of new shares for every Santander share held. Shareholders can sell these rights to the Bank at a set price (0.05 per right), to the stock market between October 20 and November 3 at the market price, or receive new shares in the proportion of one new share for every 103 rights (in the last two cases with no withholding tax*). |
| In order to tend to the latter case, a capital increase with bonus shares for a maximum of 69,498,217.50 and 138,996,435 shares will be made. The number of new shares to be issued and, thus, the amount of the capital increase will depend on the number of shareholders that opt to see their free allotment rights to the Bank at a set price. |
Performance of the Santander share
| The third quarter was a volatile one for stock markets, because of the slowdown in the Chinese economy, which made Chinas central bank devalue the yuan, and the impact it could have on global economic growth, particularly in emerging countries, as well as the continued uncertainty over the Federal Reserves interest rate policy. |
| The Santander share price ended September at 4.744, a drop of 32% in the first nine months, heavily influenced in the third quarter by the Brazilian economic situation and the reals deprecation. The Ibex-35, Spains benchmark index, fell 7%, the DJ Stoxx Banks 2% and the DJ Stoxx 50 1%. As we went to press, the Santander share price was 5.204, up 10% in October. |
Capitalisation and trading
| At the end of September, Santander was the largest bank in the euro zone by market capitalization (67,918 million) and the 15th in the world. The shares weighting in the DJ Stoxx 50 was 2.0%, 6.9% in the DJ Stoxx Banks and 14.5% in the Ibex-35. |
| A total of 20,033 million Santander shares were traded in the first nine months with an effective value of 125,206 million, the highest among the EuroStoxx stocks, and a liquidity ratio of 142%. The number of shares traded daily was 104.9 million (655.5 million). |
Shareholder base
| The total number of shareholders at the end of September was 3,209,138, of which 2,971,310 were held by Europeans (82.34% of the capital stock) and 211,456 by those from the Americas (17.10%). |
| Excluding the Banks board, which holds 1.25% of the capital, retail shareholders have 42.59% and institutional ones 56.16%. |
(*) | The options, periods and procedures indicated could present particular circumstances for shareholders with Santander shares in the foreign stock markets where the Bank is listed. Also, the tax system of the various options could depend on shareholders personal circumstances |
(*).- Last three remuneration paid + one announced / 9M15
average share price
38
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
FINANCIAL INFORMATION |
39
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
FINANCIAL INFORMATION | APPENDIX |
Income statement. Consolidated
million
Variation | Variation | |||||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||||
3Q15 | 2Q15 | % | % w/o FX | 9M15 | 9M14 | % | % w/o FX | |||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Net interest income | 7,983 | 8,281 | (3.6) | 1.4 | 24,302 | 21,834 | 11.3 | 8.5 | ||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Net fees |
2,474 | 2,586 | (4.3 | ) | 0.5 | 7,584 | 7,172 | 5.8 | 4.9 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Gains (losses) on financial transactions |
634 | 372 | 70.4 | 76.3 | 1,702 | 2,229 | (23.7 | ) | (25.7 | ) | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Other operating income |
225 | 379 | (40.7 | ) | (39.7 | ) | 790 | 337 | 134.4 | 124.1 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Dividends |
75 | 239 | (68.7 | ) | (68.1 | ) | 347 | 323 | 7.6 | 7.7 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Income from equity-accounted method |
93 | 101 | (7.3 | ) | 1.4 | 293 | 180 | 63.4 | 71.7 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Other operating income/expenses |
57 | 39 | 44.7 | 27.6 | 149 | (166 | ) | | | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Gross income |
11,316 | 11,618 | (2.6 | ) | 2.3 | 34,378 | 31,572 | 8.9 | 6.5 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Operating expenses |
(5,342 | ) | (5,429 | ) | (1.6 | ) | 2.6 | (16,149 | ) | (14,822 | ) | 8.9 | 6.7 | |||||||||||||||||||
|
||||||||||||||||||||||||||||||||
General administrative expenses |
(4,731 | ) | (4,826 | ) | (1.9 | ) | 2.3 | (14,342 | ) | (13,125 | ) | 9.3 | 6.9 | |||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Personnel |
(2,717 | ) | (2,836 | ) | (4.2 | ) | (0.3 | ) | (8,308 | ) | (7,543 | ) | 10.2 | 7.6 | ||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Other general administrative expenses |
(2,015 | ) | (1,989 | ) | 1.3 | 6.0 | (6,034 | ) | (5,583 | ) | 8.1 | 6.0 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Depreciation and amortisation |
(611 | ) | (603 | ) | 1.2 | 4.6 | (1,806 | ) | (1,697 | ) | 6.4 | 4.9 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Net operating income |
5,974 | 6,189 | (3.5 | ) | 2.0 | 18,229 | 16,750 | 8.8 | 6.4 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Net loan-loss provisions |
(2,479 | ) | (2,508 | ) | (1.2 | ) | 4.8 | (7,550 | ) | (8,110 | ) | (6.9 | ) | (8.4 | ) | |||||||||||||||||
|
||||||||||||||||||||||||||||||||
Impairment losses on other assets |
(110 | ) | (78 | ) | 41.5 | 43.8 | (247 | ) | (225 | ) | 10.1 | 9.7 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Other income |
(606 | ) | (605 | ) | 0.2 | 5.5 | (1,666 | ) | (1,275 | ) | 30.6 | 34.5 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Ordinary profit before taxes |
2,778 | 2,998 | (7.3 | ) | (2.2 | ) | 8,766 | 7,140 | 22.8 | 18.0 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Tax on profit |
(787 | ) | (939 | ) | (16.2 | ) | (11.8 | ) | (2,649 | ) | (1,882 | ) | 40.8 | 36.0 | ||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Ordinary profit from continuing operations |
1,991 | 2,059 | (3.3 | ) | 2.1 | 6,117 | 5,258 | 16.3 | 11.7 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | 0 | | | | (7 | ) | (100.0 | ) | (100.0 | ) | ||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Ordinary consolidated profit |
1,991 | 2,059 | (3.3 | ) | 2.1 | 6,117 | 5,252 | 16.5 | 11.8 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Minority interests |
311 | 350 | (11.1 | ) | (6.1 | ) | 1,011 | 891 | 13.5 | 11.9 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Ordinary attributable profit to the Group |
1,680 | 1,709 | (1.7 | ) | 3.8 | 5,106 | 4,361 | 17.1 | 11.8 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Net capital gains and provisions (1) |
| 835 | (100.0 | ) | (94.4 | ) | 835 | | | | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
Attributable profit to the Group |
1,680 | 2,544 | (34.0 | ) | (27.6 | ) | 5,941 | 4,361 | 36.2 | 30.0 | ||||||||||||||||||||||
|
(1) | Including: |
- | In the first nine months of 2014 capital gains were recorded by the Altamira operation, for the listing of SCUSA and by the change in the UK pension commitments (EUR 1,335 million overall). At the same time a fund was established for restructuring costs and a charge was made for impairment losses on intangible assets and other provisions of a similar amount. The net impact of these amounts on the first half profit was zero. |
- | Additionally, in the second quarter the Group recorded attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil. |
Information on total profit*
3Q15 | 2Q15 | % | 9M15 | 9M14 | % | 2014 | ||||||||||||||||||||||
|
||||||||||||||||||||||||||||
Attributable profit to the Group (1) |
1,680 | 2,544 | (34.0 | ) | 5,941 | 4,361 | 36.2 | 5,816 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||
EPS (euro) |
0.112 | 0.175 | (35.8 | ) | 0.408 | 0.367 | 11.3 | 0.479 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||
RoE (2) |
7.4 | 8.4 | 8.4 | 7.2 | 7.0 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||
RoTE (2) |
11.3 | 12.8 | 12.8 | 11.3 | 11.0 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||
RoA |
0.6 | 0.7 | 0.7 | 0.6 | 0.6 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||
RoRWA |
1.3 | 1.5 | 1.5 | 1.3 | 1.3 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||
P/E ratio (X) |
8.7 | 10.6 | 8.7 | 15.6 | 14.6 | |||||||||||||||||||||||
|
(*).- | In 2Q15 and 9M15 including attributable profit of 835 million due to the net result of the reversal of tax liabilities in Brazil |
(1).- | Variations w/o exchange rate: quarterly: -27.6%; year-on-year: +30.0% |
(2).- | In 2014, pro-forma taking into account the January 2015 capital increase. |
40
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
APPENDIX | FINANCIAL INFORMATION |
Net fees. Consolidated
million
3Q15 | 2Q15 | Var, % | 9M15 | 9M14 | Var, % | |||||||||||||||||||
|
||||||||||||||||||||||||
Fees from services |
1,524 | 1,546 | (1.5 | ) | 4,580 | 4,303 | 6.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Mutual & pension funds |
219 | 199 | 10.0 | 658 | 667 | (1.3 | ) | |||||||||||||||||
|
||||||||||||||||||||||||
Securities and custody |
195 | 278 | (29.9 | ) | 688 | 577 | 19.1 | |||||||||||||||||
|
||||||||||||||||||||||||
Insurance |
536 | 563 | (4.7 | ) | 1,659 | 1,625 | 2.1 | |||||||||||||||||
|
||||||||||||||||||||||||
Net fee income |
2,474 | 2,586 | (4.3 | ) | 7,584 | 7,172 | 5.8 | |||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses. Consolidated |
| |||||||||||||||||||||||
million |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
3Q15 | 2Q15 | Var, % | 9M15 | 9M14 | Var, % | |||||||||||||||||||
|
||||||||||||||||||||||||
Personnel expenses |
2,717 | 2,836 | (4.2 | ) | 8,308 | 7,543 | 10.2 | |||||||||||||||||
|
||||||||||||||||||||||||
General expenses |
2,015 | 1,989 | 1.3 | 6,034 | 5,583 | 8.1 | ||||||||||||||||||
|
||||||||||||||||||||||||
Information technology |
262 | 274 | (4.2 | ) | 823 | 680 | 21.1 | |||||||||||||||||
|
||||||||||||||||||||||||
Communications |
130 | 117 | 11.2 | 380 | 381 | (0.3 | ) | |||||||||||||||||
|
||||||||||||||||||||||||
Advertising |
170 | 174 | (2.3 | ) | 500 | 454 | 10.0 | |||||||||||||||||
|
||||||||||||||||||||||||
Buildings and premises |
434 | 461 | (5.9 | ) | 1,369 | 1,341 | 2.1 | |||||||||||||||||
|
||||||||||||||||||||||||
Printed and office material |
40 | 43 | (7.1 | ) | 120 | 113 | 6.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Taxes (other than profit tax) |
130 | 129 | 0.5 | 393 | 341 | 15.3 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other expenses |
850 | 793 | 7.3 | 2,449 | 2,272 | 7.8 | ||||||||||||||||||
|
||||||||||||||||||||||||
Personnel and general expenses |
4,731 | 4,826 | (1.9 | ) | 14,342 | 13,125 | 9.3 | |||||||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
611 | 603 | 1.2 | 1,806 | 1,697 | 6.4 | ||||||||||||||||||
|
||||||||||||||||||||||||
Total operating expenses |
5,342 | 5,429 | (1.6 | ) | 16,149 | 14,822 | 8.9 | |||||||||||||||||
|
||||||||||||||||||||||||
Operating means. Consolidated |
|
|||||||||||||||||||||||
|
||||||||||||||||||||||||
Employees | Branches | |||||||||||||||||||||||
30.09.15 | 30.09.14 | Var, | 30.09.15 | 30.09.14 | Var, | |||||||||||||||||||
|
||||||||||||||||||||||||
Continental Europe |
56,704 | 56,177 | 527 | 5,424 | 5,616 | (192 | ) | |||||||||||||||||
|
||||||||||||||||||||||||
o/w: Spain |
24,231 | 25,135 | (904 | ) | 3,487 | 3,611 | (124 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Santander Consumer Finance |
14,138 | 12,345 | 1,793 | 592 | 572 | 20 | ||||||||||||||||||
|
||||||||||||||||||||||||
Poland |
11,626 | 11,933 | (307 | ) | 752 | 803 | (51 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Portugal |
5,423 | 5,552 | (129 | ) | 575 | 620 | (45 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
United Kingdom |
26,154 | 25,384 | 770 | 882 | 942 | (60 | ) | |||||||||||||||||
|
||||||||||||||||||||||||
Latin America |
88,893 | 83,378 | 5,515 | 5,812 | 5,689 | 123 | ||||||||||||||||||
|
||||||||||||||||||||||||
o/w: Brazil |
48,955 | 46,687 | 2,268 | 3,436 | 3,427 | 9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Mexico |
17,704 | 15,912 | 1,792 | 1,354 | 1,299 | 55 | ||||||||||||||||||
|
||||||||||||||||||||||||
Chile |
12,334 | 12,135 | 199 | 476 | 476 | | ||||||||||||||||||
|
||||||||||||||||||||||||
USA |
17,592 | 16,562 | 1,030 | 783 | 812 | (29 | ) | |||||||||||||||||
|
||||||||||||||||||||||||
Operating areas |
189,343 | 181,501 | 7,842 | 12,901 | 13,059 | (158 | ) | |||||||||||||||||
|
||||||||||||||||||||||||
Corporate Activities |
2,161 | 2,033 | 128 | |||||||||||||||||||||
|
||||||||||||||||||||||||
Total Group |
191,504 | 183,534 | 7,970 | 12,901 | 13,059 | (158 | ) | |||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions. Consolidated | ||||||||||||||||||||||||
million |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
3Q15 | 2Q15 | Var, % | 9M15 | 9M14 | Var, % | |||||||||||||||||||
|
||||||||||||||||||||||||
Non performing loans |
2,847 | 2,928 | (2.7 | ) | 8,680 | 9,069 | (4.3 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Country-risk |
3 | 17 | (81.1 | ) | 21 | (4 | ) | | ||||||||||||||||
|
||||||||||||||||||||||||
Recovery of written-off assets |
(371 | ) | (436 | ) | (15.0 | ) | (1,151 | ) | (956 | ) | 20.4 | |||||||||||||
|
||||||||||||||||||||||||
Total |
2,479 | 2,508 | (1.2 | ) | 7,550 | 8,110 | (6.9 | ) | ||||||||||||||||
|
41
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
FINANCIAL INFORMATION | APPENDIX |
Customer loans. Consolidated
million
Variation | ||||||||||||||||||||
30.09.15 | 30.09.14 | amount | % | 31.12.14 | ||||||||||||||||
|
||||||||||||||||||||
Spanish Public sector |
15,207 | 16,204 | (996 | ) | (6.1 | ) | 17,465 | |||||||||||||
|
||||||||||||||||||||
Other residents |
152,196 | 158,190 | (5,994 | ) | (3.8 | ) | 154,905 | |||||||||||||
|
||||||||||||||||||||
Commercial bills |
8,228 | 6,459 | 1,769 | 27.4 | 7,293 | |||||||||||||||
|
||||||||||||||||||||
Secured loans |
93,404 | 97,753 | (4,349 | ) | (4.4 | ) | 96,426 | |||||||||||||
|
||||||||||||||||||||
Other loans |
50,564 | 53,978 | (3,414 | ) | (6.3 | ) | 51,187 | |||||||||||||
|
||||||||||||||||||||
Non-resident sector |
635,840 | 575,032 | 60,808 | 10.6 | 589,557 | |||||||||||||||
|
||||||||||||||||||||
Secured loans |
398,110 | 351,910 | 46,200 | 13.1 | 369,266 | |||||||||||||||
|
||||||||||||||||||||
Other loans |
237,730 | 223,122 | 14,608 | 6.5 | 220,291 | |||||||||||||||
|
||||||||||||||||||||
Gross customer loans |
803,243 | 749,426 | 53,817 | 7.2 | 761,928 | |||||||||||||||
|
||||||||||||||||||||
Loan-loss allowances |
26,224 | 27,438 | (1,214 | ) | (4.4 | ) | 27,217 | |||||||||||||
|
||||||||||||||||||||
Net customer loans |
777,020 | 721,988 | 55,031 | 7.6 | 734,711 | |||||||||||||||
|
||||||||||||||||||||
Pro memoria: Doubtful loans |
36,864 | 40,440 | (3,576 | ) | (8.8 | ) | 40,424 | |||||||||||||
|
||||||||||||||||||||
Public sector |
190 | 167 | 23 | 13.9 | 167 | |||||||||||||||
|
||||||||||||||||||||
Other residents |
17,130 | 20,360 | (3,229 | ) | (15.9 | ) | 19,951 | |||||||||||||
|
||||||||||||||||||||
Non-resident sector |
19,544 | 19,914 | (369 | ) | (1.9 | ) | 20,306 | |||||||||||||
|
Managed and marketed customer funds. Consolidated
million
Variation | ||||||||||||||||||||
30.09.15 | 30.09.14 | amount | % | 31.12.14 | ||||||||||||||||
|
||||||||||||||||||||
Resident public sector |
8,886 | 9,689 | (803 | ) | (8.3 | ) | 9,349 | |||||||||||||
|
||||||||||||||||||||
Other residents |
164,067 | 162,313 | 1,754 | 1.1 | 163,340 | |||||||||||||||
|
||||||||||||||||||||
Demand deposits |
105,730 | 82,530 | 23,200 | 28.1 | 88,312 | |||||||||||||||
|
||||||||||||||||||||
Time deposits |
56,134 | 75,837 | (19,703 | ) | (26.0 | ) | 67,495 | |||||||||||||
|
||||||||||||||||||||
Other |
2,203 | 3,945 | (1,743 | ) | (44.2 | ) | 7,532 | |||||||||||||
|
||||||||||||||||||||
Non-resident sector |
496,283 | 474,329 | 21,954 | 4.6 | 474,939 | |||||||||||||||
|
||||||||||||||||||||
Demand deposits |
302,251 | 259,141 | 43,110 | 16.6 | 273,889 | |||||||||||||||
|
||||||||||||||||||||
Time deposits |
139,295 | 156,448 | (17,153 | ) | (11.0 | ) | 151,113 | |||||||||||||
|
||||||||||||||||||||
Other |
54,736 | 58,739 | (4,003 | ) | (6.8 | ) | 49,937 | |||||||||||||
|
||||||||||||||||||||
Customer deposits |
669,236 | 646,331 | 22,906 | 3.5 | 647,628 | |||||||||||||||
|
||||||||||||||||||||
Debt securities |
197,257 | 195,595 | 1,662 | 0.8 | 196,890 | |||||||||||||||
|
||||||||||||||||||||
Subordinated debt |
19,606 | 17,334 | 2,272 | 13.1 | 17,132 | |||||||||||||||
|
||||||||||||||||||||
On-balance-sheet customer funds |
886,099 | 859,259 | 26,840 | 3.1 | 861,649 | |||||||||||||||
|
||||||||||||||||||||
Mutual funds |
122,365 | 124,911 | (2,545 | ) | (2.0 | ) | 124,708 | |||||||||||||
|
||||||||||||||||||||
Pension funds |
11,220 | 11,341 | (120 | ) | (1.1 | ) | 11,481 | |||||||||||||
|
||||||||||||||||||||
Managed portfolios |
25,828 | 24,923 | 906 | 3.6 | 25,599 | |||||||||||||||
|
||||||||||||||||||||
Other managed and marketed customer funds |
159,414 | 161,174 | (1,760 | ) | (1.1 | ) | 161,788 | |||||||||||||
|
||||||||||||||||||||
Managed and marketed customer funds |
1,045,513 | 1,020,433 | 25,080 | 2.5 | 1,023,437 | |||||||||||||||
|
Eligible capital (fully loaded)*
million
Variation | ||||||||||||||||
30.09.15 | 31.12.14 | amount | % | |||||||||||||
|
||||||||||||||||
Capital stock and reserves |
98,328 | 93,748 | 4,580 | 4.9 | ||||||||||||
|
||||||||||||||||
Attributable profit |
5,941 | 5,816 | 125 | 2.2 | ||||||||||||
|
||||||||||||||||
Dividends |
(1,725 | ) | (1,014 | ) | (711 | ) | 70.1 | |||||||||
|
||||||||||||||||
Other retained earnings |
(16,305 | ) | (11,468 | ) | (4,837 | ) | 42.2 | |||||||||
|
||||||||||||||||
Minority interests |
5,375 | 4,131 | 1,244 | 30.1 | ||||||||||||
|
||||||||||||||||
Goodwill and intangible assets |
(28,515 | ) | (29,164 | ) | 649 | (2.2 | ) | |||||||||
|
||||||||||||||||
Treasury stock and other deductios |
(5,522 | ) | (5,767 | ) | 245 | (4.3 | ) | |||||||||
|
||||||||||||||||
Core CET1 |
57,577 | 56,282 | 1,295 | 2.3 | ||||||||||||
|
||||||||||||||||
Preferred shares and other eligibles T1 |
5,619 | 4,728 | 891 | 18.9 | ||||||||||||
|
||||||||||||||||
Tier 1 |
63,196 | 61,010 | 2,186 | 3.6 | ||||||||||||
|
||||||||||||||||
Generic funds and eligible T2 instruments |
11,322 | 7,561 | 3,761 | 49.7 | ||||||||||||
|
||||||||||||||||
Eligible capital |
74,519 | 68,571 | 5,948 | 8.7 | ||||||||||||
|
||||||||||||||||
Risk-weighted assets |
584,322 | 583,366 | 956 | 0.2 | ||||||||||||
|
||||||||||||||||
CET1 capital ratio |
9.85 | 9.65 | 0.20 | |||||||||||||
|
||||||||||||||||
T1 capital ratio |
10.82 | 10.46 | 0.36 | |||||||||||||
|
||||||||||||||||
BIS ratio |
12.75 | 11.75 | 1.00 | |||||||||||||
|
(*).- | In 2014, pro-forma data taking into account the January 2015 capital increase |
42
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
APPENDIX | FINANCIAL INFORMATION |
Continental Europe
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
1,987 | (1.0 | ) | (0.1 | ) | 6,050 | 9.0 | 9.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
855 | (2.5 | ) | (2.1 | ) | 2,576 | (2.3 | ) | (2.7 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
321 | 255.8 | 258.4 | 815 | (8.7 | ) | (8.9 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
90 | (63.0 | ) | (63.0 | ) | 439 | 150.3 | 149.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
3,253 | 1.1 | 1.8 | 9,880 | 6.8 | 6.6 | ||||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(1,689 | ) | 0.6 | 1.2 | (5,037 | ) | 4.3 | 4.0 | ||||||||||||||||
|
||||||||||||||||||||||||
General administrative expenses |
(1,565 | ) | 0.5 | 1.1 | (4,683 | ) | 4.6 | 4.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Personnel |
(790 | ) | (3.8 | ) | (3.2 | ) | (2,410 | ) | 3.2 | 2.8 | ||||||||||||||
|
||||||||||||||||||||||||
Other general administrative expenses |
(775 | ) | 5.3 | 5.8 | (2,273 | ) | 6.2 | 6.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
(124 | ) | 1.9 | 2.4 | (354 | ) | 0.0 | (0.1 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
1,564 | 1.6 | 2.4 | 4,843 | 9.5 | 9.3 | ||||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(495 | ) | (3.3 | ) | (2.7 | ) | (1,643 | ) | (28.5 | ) | (28.4 | ) | ||||||||||||
|
||||||||||||||||||||||||
Other income |
(137 | ) | (26.0 | ) | (25.9 | ) | (462 | ) | (22.9 | ) | (22.9 | ) | ||||||||||||
|
||||||||||||||||||||||||
Profit before taxes |
932 | 10.7 | 11.8 | 2,737 | 79.2 | 78.4 | ||||||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(242 | ) | 11.8 | 12.8 | (710 | ) | 96.1 | 95.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Profit from continuing operations |
690 | 10.3 | 11.4 | 2,027 | 74.0 | 73.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | | | | (100.0 | ) | (100.0 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Consolidated profit |
690 | 10.3 | 11.4 | 2,027 | 75.0 | 74.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
65 | (1.1 | ) | 0.4 | 202 | 75.3 | 74.5 | |||||||||||||||||
|
||||||||||||||||||||||||
Attributable profit to the Group |
625 | 11.6 | 12.7 | 1,825 | 74.9 | 73.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Customer loans** |
278,723 | (0.7 | ) | (0.3 | ) | 278,723 | 4.9 | 5.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
60,318 | (3.2 | ) | (3.1 | ) | 60,318 | (5.1 | ) | (5.1 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
59,142 | (3.2 | ) | (3.0 | ) | 59,142 | 14.0 | 14.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Due from credit institutions** |
87,379 | 34.8 | 35.0 | 87,379 | 35.8 | 35.3 | ||||||||||||||||||
|
||||||||||||||||||||||||
Intangible assets and property and equipment |
11,172 | 0.1 | 0.2 | 11,172 | 33.1 | 32.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other assets |
32,859 | 17.6 | 17.8 | 32,859 | 36.0 | 36.2 | ||||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
529,594 | 4.3 | 4.6 | 529,594 | 10.8 | 10.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits** |
263,013 | (0.4 | ) | (0.2 | ) | 263,013 | 1.0 | 1.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities** |
47,267 | (1.0 | ) | (0.4 | ) | 47,267 | (6.4 | ) | (5.5 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt** |
175 | 2.3 | 3.1 | 175 | (56.6 | ) | (56.0 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Insurance liabilities |
643 | (0.5 | ) | (0.5 | ) | 643 | (61.5 | ) | (61.5 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Due to credit institutions** |
125,066 | 23.2 | 23.6 | 125,066 | 62.2 | 62.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
61,140 | (2.6 | ) | (2.5 | ) | 61,140 | 2.9 | 3.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity *** |
32,290 | 4.2 | 4.6 | 32,290 | 12.2 | 12.2 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
68,030 | (4.8 | ) | (4.7 | ) | 68,030 | 3.8 | 3.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
59,469 | (4.7 | ) | (4.7 | ) | 59,469 | 4.3 | 4.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
8,558 | (5.0 | ) | (5.0 | ) | 8,558 | 0.5 | (1.5 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
378,484 | (1.3 | ) | (1.0 | ) | 378,484 | 0.5 | 0.7 | ||||||||||||||||
|
||||||||||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
ROE |
7.91 | 0.60 | 7.93 | 2.97 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Efficiency ratio (with amortisations) |
51.9 | (0.3 | ) | 51.0 | (1.2 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
NPL ratio |
7.89 | (0.26 | ) | 7.89 | (1.03 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
NPL coverage |
60.4 | 1.5 | 60.4 | 2.3 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
56,704 | (0.7 | ) | 56,704 | 0.9 | |||||||||||||||||||
|
||||||||||||||||||||||||
Number of branches |
5,424 | (0.4 | ) | 5,424 | (3.4 | ) | ||||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
43
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
FINANCIAL INFORMATION | APPENDIX |
Spain
million
Income statement | 3Q15 | % o/ 2Q15 | 9M15 | % o/ 9M14 | ||||||||||||
|
||||||||||||||||
Net interest income |
837 | (2.3 | ) | 2,650 | (1.8 | ) | ||||||||||
|
||||||||||||||||
Net fees |
415 | (5.8 | ) | 1,269 | (5.9 | ) | ||||||||||
|
||||||||||||||||
Gains (losses) on financial transactions |
242 | 593.9 | 579 | (27.3 | ) | |||||||||||
|
||||||||||||||||
Other operating income* |
77 | (59.8 | ) | 343 | 237.6 | |||||||||||
|
||||||||||||||||
Gross income |
1,570 | 3.2 | 4,842 | (2.1 | ) | |||||||||||
|
||||||||||||||||
Operating expenses |
(863 | ) | 0.8 | (2,574 | ) | (2.3 | ) | |||||||||
|
||||||||||||||||
General administrative expenses |
(806 | ) | 0.4 | (2,419 | ) | (3.2 | ) | |||||||||
|
||||||||||||||||
Personnel |
(415 | ) | (1.4 | ) | (1,255 | ) | (6.0 | ) | ||||||||
|
||||||||||||||||
Other general administrative expenses |
(391 | ) | 2.3 | (1,165 | ) | 0.1 | ||||||||||
|
||||||||||||||||
Depreciation and amortisation |
(57 | ) | 7.8 | (154 | ) | 14.7 | ||||||||||
|
||||||||||||||||
Net operating income |
708 | 6.2 | 2,268 | (1.9 | ) | |||||||||||
|
||||||||||||||||
Net loan-loss provisions |
(205 | ) | (22.2 | ) | (835 | ) | (41.4 | ) | ||||||||
|
||||||||||||||||
Other income |
(58 | ) | (18.2 | ) | (174 | ) | 41.9 | |||||||||
|
||||||||||||||||
Profit before taxes |
444 | 34.1 | 1,259 | 64.5 | ||||||||||||
|
||||||||||||||||
Tax on profit |
(127 | ) | 36.9 | (359 | ) | 59.4 | ||||||||||
|
||||||||||||||||
Profit from continuing operations |
317 | 33.0 | 900 | 66.6 | ||||||||||||
|
||||||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
|
||||||||||||||||
Consolidated profit |
317 | 33.0 | 900 | 66.6 | ||||||||||||
|
||||||||||||||||
Minority interests |
6 | (2.9 | ) | 16 | 599.9 | |||||||||||
|
||||||||||||||||
Attributable profit to the Group |
311 | 33.9 | 883 | 64.2 | ||||||||||||
|
||||||||||||||||
Balance sheet |
||||||||||||||||
|
||||||||||||||||
Customer loans** |
156,121 | (1.4 | ) | 156,121 | (0.2 | ) | ||||||||||
|
||||||||||||||||
Trading portfolio (w/o loans) |
57,331 | (2.8 | ) | 57,331 | (4.9 | ) | ||||||||||
|
||||||||||||||||
Available-for-sale financial assets |
44,340 | (4.9 | ) | 44,340 | 20.9 | |||||||||||
|
||||||||||||||||
Due from credit institutions** |
65,526 | 44.7 | 65,526 | 43.3 | ||||||||||||
|
||||||||||||||||
Intangible assets and property and equipment |
2,886 | (0.6 | ) | 2,886 | (18.5 | ) | ||||||||||
|
||||||||||||||||
Other assets |
12,808 | 53.4 | 12,808 | 77.6 | ||||||||||||
|
||||||||||||||||
Total assets/liabilities & shareholders equity |
339,011 | 5.8 | 339,011 | 9.4 | ||||||||||||
|
||||||||||||||||
Customer deposits** |
181,636 | (1.4 | ) | 181,636 | (0.3 | ) | ||||||||||
|
||||||||||||||||
Marketable debt securities** |
23,916 | (10.6 | ) | 23,916 | (24.5 | ) | ||||||||||
|
||||||||||||||||
Subordinated debt** |
2 | 74.9 | 2 | 120.2 | ||||||||||||
|
||||||||||||||||
Insurance liabilities |
533 | (3.3 | ) | 533 | 5.7 | |||||||||||
|
||||||||||||||||
Due to credit institutions** |
70,171 | 55.9 | 70,171 | 114.9 | ||||||||||||
|
||||||||||||||||
Other liabilities |
50,117 | (3.8 | ) | 50,117 | (3.2 | ) | ||||||||||
|
||||||||||||||||
Stockholders equity *** |
12,637 | 6.8 | 12,637 | 15.1 | ||||||||||||
|
||||||||||||||||
Other managed and marketed customer funds |
59,544 | (4.3 | ) | 59,544 | 4.0 | |||||||||||
|
||||||||||||||||
Mutual and pension funds |
53,454 | (4.6 | ) | 53,454 | 4.7 | |||||||||||
|
||||||||||||||||
Managed portfolios |
6,090 | (1.2 | ) | 6,090 | (2.4 | ) | ||||||||||
|
||||||||||||||||
Managed and marketed customer funds |
265,097 | (3.0 | ) | 265,097 | (2.3 | ) | ||||||||||
|
||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||
|
||||||||||||||||
ROE |
10.09 | 1.95 | 10.06 | 3.58 | ||||||||||||
|
||||||||||||||||
Efficiency ratio (with amortisations) |
54.9 | (1.3 | ) | 53.2 | (0.1 | ) | ||||||||||
|
||||||||||||||||
NPL ratio |
6.61 | (0.30 | ) | 6.61 | (0.96 | ) | ||||||||||
|
||||||||||||||||
NPL coverage |
47.8 | 1.0 | 47.8 | 2.3 | ||||||||||||
|
||||||||||||||||
Number of employees |
24,231 | (0.4 | ) | 24,231 | (3.6 | ) | ||||||||||
|
||||||||||||||||
Number of branches |
3,487 | (0.1 | ) | 3,487 | (3.4 | ) | ||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
44
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
APPENDIX | FINANCIAL INFORMATION |
Santander Consumer Finance
million
Income statement | 3Q15 | % o/2Q15 | 9M15 | % o/9M14 | ||||||||||||
|
||||||||||||||||
Net interest income |
788 | 1.8 | 2,292 | 32.0 | ||||||||||||
|
||||||||||||||||
Net fees |
223 | 3.2 | 659 | 2.7 | ||||||||||||
|
||||||||||||||||
Gains (losses) on financial transactions |
3 | | (5 | ) | 591.1 | |||||||||||
|
||||||||||||||||
Other operating income* |
4 | (55.8 | ) | 23 | 499.2 | |||||||||||
|
||||||||||||||||
Gross income |
1,018 | 2.7 | 2,968 | 24.7 | ||||||||||||
|
||||||||||||||||
Operating expenses |
(443 | ) | 0.1 | (1,306 | ) | 20.0 | ||||||||||
|
||||||||||||||||
General administrative expenses |
(398 | ) | (0.0 | ) | (1,180 | ) | 22.8 | |||||||||
|
||||||||||||||||
Personnel |
(174 | ) | (13.1 | ) | (554 | ) | 27.5 | |||||||||
|
||||||||||||||||
Other general administrative expenses |
(224 | ) | 13.2 | (626 | ) | 19.0 | ||||||||||
|
||||||||||||||||
Depreciation and amortisation |
(45 | ) | 1.3 | (127 | ) | (1.5 | ) | |||||||||
|
||||||||||||||||
Net operating income |
575 | 4.8 | 1,662 | 28.7 | ||||||||||||
|
||||||||||||||||
Net loan-loss provisions |
(142 | ) | 8.2 | (440 | ) | 9.7 | ||||||||||
|
||||||||||||||||
Other income |
(44 | ) | 23.5 | (102 | ) | 0.4 | ||||||||||
|
||||||||||||||||
Profit before taxes |
389 | 1.8 | 1,119 | 41.9 | ||||||||||||
|
||||||||||||||||
Tax on profit |
(108 | ) | (2.3 | ) | (314 | ) | 54.2 | |||||||||
|
||||||||||||||||
Profit from continuing operations |
281 | 3.5 | 805 | 37.7 | ||||||||||||
|
||||||||||||||||
Net profit from discontinued operations |
(0 | ) | | | (100.0 | ) | ||||||||||
|
||||||||||||||||
Consolidated profit |
281 | 3.5 | 805 | 39.3 | ||||||||||||
|
||||||||||||||||
Minority interests |
40 | 28.7 | 102 | 274.0 | ||||||||||||
|
||||||||||||||||
Attributable profit to the Group |
242 | 0.3 | 702 | 27.6 | ||||||||||||
|
||||||||||||||||
Balance sheet |
||||||||||||||||
|
||||||||||||||||
Customer loans** |
70,067 | 0.7 | 70,067 | 19.6 | ||||||||||||
|
||||||||||||||||
Trading portfolio (w/o loans) |
90 | 51.4 | 90 | 120.1 | ||||||||||||
|
||||||||||||||||
Available-for-sale financial assets |
2,876 | 56.2 | 2,876 | 376.8 | ||||||||||||
|
||||||||||||||||
Due from credit institutions** |
3,410 | (44.4 | ) | 3,410 | (38.5 | ) | ||||||||||
|
||||||||||||||||
Intangible assets and property and equipment |
749 | (2.4 | ) | 749 | (4.4 | ) | ||||||||||
|
||||||||||||||||
Other assets |
4,581 | 14.5 | 4,581 | 36.6 | ||||||||||||
|
||||||||||||||||
Total assets/liabilities & shareholders equity |
81,774 | (0.7 | ) | 81,774 | 18.6 | |||||||||||
|
||||||||||||||||
Customer deposits** |
31,789 | (0.1 | ) | 31,789 | 4.0 | |||||||||||
|
||||||||||||||||
Marketable debt securities** |
20,384 | 13.0 | 20,384 | 37.7 | ||||||||||||
|
||||||||||||||||
Subordinated debt** |
73 | 4.8 | 73 | 12.7 | ||||||||||||
|
||||||||||||||||
Insurance liabilities |
| | | | ||||||||||||
|
||||||||||||||||
Due to credit institutions** |
16,264 | (20.9 | ) | 16,264 | 22.9 | |||||||||||
|
||||||||||||||||
Other liabilities |
4,934 | 21.8 | 4,934 | 71.7 | ||||||||||||
|
||||||||||||||||
Stockholders equity *** |
8,329 | 6.7 | 8,329 | 13.0 | ||||||||||||
|
||||||||||||||||
Other managed and marketed customer funds |
7 | 0.4 | 7 | 3.0 | ||||||||||||
|
||||||||||||||||
Mutual and pension funds |
7 | 0.4 | 7 | 3.0 | ||||||||||||
|
||||||||||||||||
Managed portfolios |
| | | | ||||||||||||
|
||||||||||||||||
Managed and marketed customer funds |
52,253 | 4.7 | 52,253 | 15.0 | ||||||||||||
|
||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||
|
||||||||||||||||
ROE |
12.10 | (0.35 | ) | 12.12 | 1.84 | |||||||||||
|
||||||||||||||||
Efficiency ratio (with amortisations) |
43.5 | (1.1 | ) | 44.0 | (1.7 | ) | ||||||||||
|
||||||||||||||||
NPL ratio |
4.15 | (0.10 | ) | 4.15 | 0.18 | |||||||||||
|
||||||||||||||||
NPL coverage |
107.2 | 2.3 | 107.2 | 0.8 | ||||||||||||
|
||||||||||||||||
Number of employees |
14,138 | (0.5 | ) | 14,138 | 14.5 | |||||||||||
|
||||||||||||||||
Number of branches |
592 | | 592 | 3.5 | ||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
45
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
FINANCIAL INFORMATION | APPENDIX |
Poland
million
o/2Q15 | o/9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
196 | 2.3 | 4.9 | 579 | (9.4 | ) | (9.8 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
103 | (5.6 | ) | (3.3 | ) | 313 | (4.5 | ) | (4.9 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
18 | (4.4 | ) | 1.3 | 90 | 187.0 | 185.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
(9 | ) | | | 2 | (90.6 | ) | (90.7 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Gross income |
309 | (8.1 | ) | (5.7 | ) | 985 | (3.7 | ) | (4.2 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(146 | ) | (4.4 | ) | (2.0 | ) | (451 | ) | 2.2 | 1.7 | ||||||||||||||
|
||||||||||||||||||||||||
General administrative expenses |
(136 | ) | (4.4 | ) | (1.9 | ) | (417 | ) | 2.8 | 2.3 | ||||||||||||||
|
||||||||||||||||||||||||
Personnel |
(79 | ) | (3.4 | ) | (1.0 | ) | (243 | ) | 5.0 | 4.5 | ||||||||||||||
|
||||||||||||||||||||||||
Other general administrative expenses |
(57 | ) | (5.6 | ) | (3.2 | ) | (174 | ) | (0.2 | ) | (0.7 | ) | ||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
(11 | ) | (5.1 | ) | (2.6 | ) | (34 | ) | (4.7 | ) | (5.1 | ) | ||||||||||||
|
||||||||||||||||||||||||
Net operating income |
162 | (11.2 | ) | (8.8 | ) | 534 | (8.2 | ) | (8.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(39 | ) | (13.9 | ) | (11.9 | ) | (124 | ) | (3.9 | ) | (4.4 | ) | ||||||||||||
|
||||||||||||||||||||||||
Other income |
3 | | | (0 | ) | (96.8 | ) | (96.8 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Profit before taxes |
125 | (6.7 | ) | (4.1 | ) | 410 | (7.3 | ) | (7.7 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(26 | ) | 14.9 | 18.1 | (77 | ) | (11.5 | ) | (11.9 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Profit from continuing operations |
99 | (11.2 | ) | (8.7 | ) | 333 | (6.2 | ) | (6.7 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Consolidated profit |
99 | (11.2 | ) | (8.7 | ) | 333 | (6.2 | ) | (6.7 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
26 | (12.5 | ) | (10.0 | ) | 90 | (4.1 | ) | (4.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Attributable profit to the Group |
73 | (10.7 | ) | (8.2 | ) | 243 | (7.0 | ) | (7.4 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Customer loans** |
18,466 | 0.7 | 2.0 | 18,466 | 7.3 | 9.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
1,032 | (8.9 | ) | (7.7 | ) | 1,032 | 29.8 | 31.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
5,500 | (2.6 | ) | (1.4 | ) | 5,500 | (7.1 | ) | (5.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Due from credit institutions** |
1,166 | (6.4 | ) | (5.2 | ) | 1,166 | 22.5 | 24.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Intangible assets and property and equipment |
229 | (2.3 | ) | (1.1 | ) | 229 | 2.1 | 3.7 | ||||||||||||||||
|
||||||||||||||||||||||||
Other assets |
1,773 | 6.9 | 8.2 | 1,773 | (21.4 | ) | (20.2 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
28,166 | (0.3 | ) | 1.0 | 28,166 | 2.9 | 4.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits** |
20,404 | 1.1 | 2.4 | 20,404 | 0.9 | 2.5 | ||||||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities** |
401 | 14.5 | 16.0 | 401 | 70.2 | 72.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt** |
100 | (0.2 | ) | 1.1 | 100 | (70.4 | ) | (69.9 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Insurance liabilities |
| | | | (100.0 | ) | (100.0 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Due to credit institutions** |
1,396 | (15.8 | ) | (14.8 | ) | 1,396 | 30.0 | 32.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
3,476 | (3.2 | ) | (1.9 | ) | 3,476 | 12.1 | 13.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity *** |
2,388 | 0.9 | 2.2 | 2,388 | 3.2 | 4.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
3,607 | (8.2 | ) | (7.0 | ) | 3,607 | (4.6 | ) | (3.1 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
3,500 | (7.1 | ) | (5.9 | ) | 3,500 | (5.2 | ) | (3.7 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
107 | (34.2 | ) | (33.3 | ) | 107 | 18.6 | 20.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
24,512 | (0.2 | ) | 1.1 | 24,512 | (0.3 | ) | 1.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
ROE |
12.19 | (1.36 | ) | 13.62 | (2.32 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
Efficiency ratio (with amortisations) |
47.5 | 1.8 | 45.8 | 2.6 | ||||||||||||||||||||
|
||||||||||||||||||||||||
NPL ratio |
7.14 | 0.07 | 7.14 | (0.29 | ) | |||||||||||||||||||
|
||||||||||||||||||||||||
NPL coverage |
63.1 | (0.4 | ) | 63.1 | (2.7 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
11,626 | (1.5 | ) | 11,626 | (2.6 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
Number of branches |
752 | (2.3 | ) | 752 | (6.4 | ) | ||||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
46
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
APPENDIX | FINANCIAL INFORMATION |
Portugal
million
Income statement | 3Q15 | % o/2Q15 | 9M15 | % o/9M14 | ||||||||||||
|
||||||||||||||||
Net interest income |
134 | (5.0 | ) | 417 | 3.5 | |||||||||||
|
||||||||||||||||
Net fees |
66 | (1.5 | ) | 202 | (3.4 | ) | ||||||||||
|
||||||||||||||||
Gains (losses) on financial transactions |
16 | 56.1 | 41 | (22.7 | ) | |||||||||||
|
||||||||||||||||
Other operating income* |
10 | (37.4 | ) | 38 | 24.0 | |||||||||||
|
||||||||||||||||
Gross income |
226 | (3.4 | ) | 698 | 0.3 | |||||||||||
|
||||||||||||||||
Operating expenses |
(124 | ) | 1.4 | (369 | ) | (0.2 | ) | |||||||||
|
||||||||||||||||
General administrative expenses |
(115 | ) | 1.4 | (342 | ) | 3.2 | ||||||||||
|
||||||||||||||||
Personnel |
(72 | ) | (0.4 | ) | (216 | ) | 1.0 | |||||||||
|
||||||||||||||||
Other general administrative expenses |
(43 | ) | 4.4 | (127 | ) | 7.1 | ||||||||||
|
||||||||||||||||
Depreciation and amortisation |
(9 | ) | 2.4 | (27 | ) | (29.8 | ) | |||||||||
|
||||||||||||||||
Net operating income |
102 | (8.8 | ) | 328 | 0.9 | |||||||||||
|
||||||||||||||||
Net loan-loss provisions |
(24 | ) | 13.8 | (67 | ) | (37.3 | ) | |||||||||
|
||||||||||||||||
Other income |
23 | | (21 | ) | (73.0 | ) | ||||||||||
|
||||||||||||||||
Profit before taxes |
101 | 50.4 | 240 | 71.3 | ||||||||||||
|
||||||||||||||||
Tax on profit |
(24 | ) | 33.5 | (59 | ) | 85.9 | ||||||||||
|
||||||||||||||||
Profit from continuing operations |
77 | 56.6 | 181 | 67.0 | ||||||||||||
|
||||||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
|
||||||||||||||||
Consolidated profit |
77 | 56.6 | 181 | 67.0 | ||||||||||||
|
||||||||||||||||
Minority interests |
0 | | 0 | | ||||||||||||
|
||||||||||||||||
Attributable profit to the Group |
77 | 55.1 | 181 | 60.5 | ||||||||||||
|
||||||||||||||||
Balance sheet |
||||||||||||||||
|
||||||||||||||||
Customer loans** |
23,029 | (0.3 | ) | 23,029 | (1.3 | ) | ||||||||||
|
||||||||||||||||
Trading portfolio (w/o loans) |
1,801 | (13.2 | ) | 1,801 | (9.8 | ) | ||||||||||
|
||||||||||||||||
Available-for-sale financial assets |
5,736 | 0.4 | 5,736 | (28.8 | ) | |||||||||||
|
||||||||||||||||
Due from credit institutions** |
2,097 | 8.4 | 2,097 | (15.0 | ) | |||||||||||
|
||||||||||||||||
Intangible assets and property and equipment |
696 | 0.5 | 696 | (7.0 | ) | |||||||||||
|
||||||||||||||||
Other assets |
5,999 | 1.6 | 5,999 | (10.6 | ) | |||||||||||
|
||||||||||||||||
Total assets/liabilities & shareholders equity |
39,358 | (0.1 | ) | 39,358 | (9.1 | ) | ||||||||||
|
||||||||||||||||
Customer deposits** |
24,091 | 1.2 | 24,091 | (0.2 | ) | |||||||||||
|
||||||||||||||||
Marketable debt securities** |
2,566 | (1.6 | ) | 2,566 | (32.4 | ) | ||||||||||
|
||||||||||||||||
Subordinated debt** |
0 | | 0 | (34.2 | ) | |||||||||||
|
||||||||||||||||
Insurance liabilities |
22 | (9.9 | ) | 22 | (72.5 | ) | ||||||||||
|
||||||||||||||||
Due to credit institutions** |
9,384 | (4.2 | ) | 9,384 | (22.3 | ) | ||||||||||
|
||||||||||||||||
Other liabilities |
920 | (5.3 | ) | 920 | 19.6 | |||||||||||
|
||||||||||||||||
Stockholders equity *** |
2,376 | 7.0 | 2,376 | (3.7 | ) | |||||||||||
|
||||||||||||||||
Other managed and marketed customer funds |
2,801 | (2.6 | ) | 2,801 | 19.3 | |||||||||||
|
||||||||||||||||
Mutual and pension funds |
2,395 | (2.9 | ) | 2,395 | 14.3 | |||||||||||
|
||||||||||||||||
Managed portfolios |
406 | (1.2 | ) | 406 | 61.0 | |||||||||||
|
||||||||||||||||
Managed and marketed customer funds |
29,458 | 0.6 | 29,458 | (2.7 | ) | |||||||||||
|
||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||
|
||||||||||||||||
ROE |
13.16 | 4.98 | 10.02 | 3.48 | ||||||||||||
|
||||||||||||||||
Efficiency ratio (with amortisations) |
54.9 | 2.6 | 52.9 | (0.3 | ) | |||||||||||
|
||||||||||||||||
NPL ratio |
8.86 | 0.06 | 8.86 | 0.37 | ||||||||||||
|
||||||||||||||||
NPL coverage |
56.2 | 2.0 | 56.2 | 2.3 | ||||||||||||
|
||||||||||||||||
Number of employees |
5,423 | (0.2 | ) | 5,423 | (2.3 | ) | ||||||||||
|
||||||||||||||||
Number of branches |
575 | (0.2 | ) | 575 | (7.3 | ) | ||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
47
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
FINANCIAL INFORMATION | APPENDIX |
United Kingdom
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
1,250 | 0.2 | (0.4 | ) | 3,691 | 18.6 | 6.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
273 | (6.2 | ) | (6.9 | ) | 851 | 12.9 | 1.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
58 | (30.0 | ) | (31.0 | ) | 202 | (1.9 | ) | (12.1 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
23 | 503.1 | 520.5 | 37 | 31.7 | 17.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
1,605 | (1.3 | ) | (2.0 | ) | 4,781 | 16.6 | 4.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(844 | ) | 0.1 | (0.6 | ) | (2,511 | ) | 16.9 | 4.7 | |||||||||||||||
|
||||||||||||||||||||||||
General administrative expenses |
(760 | ) | 0.2 | (0.5 | ) | (2,267 | ) | 18.4 | 6.0 | |||||||||||||||
|
||||||||||||||||||||||||
Personnel |
(391 | ) | (6.6 | ) | (7.3 | ) | (1,205 | ) | 4.9 | (6.1 | ) | |||||||||||||
|
||||||||||||||||||||||||
Other general administrative expenses |
(369 | ) | 8.4 | 7.9 | (1,062 | ) | 38.8 | 24.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
(84 | ) | (0.8 | ) | (1.5 | ) | (243 | ) | 4.5 | (6.4 | ) | |||||||||||||
|
||||||||||||||||||||||||
Net operating income |
761 | (2.8 | ) | (3.5 | ) | 2,271 | 16.2 | 4.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
7 | | | (86 | ) | (70.8 | ) | (73.9 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Other income |
(130 | ) | 156.1 | 157.0 | (236 | ) | 29.5 | 15.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Profit before taxes |
639 | (10.5 | ) | (11.3 | ) | 1,948 | 32.0 | 18.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(149 | ) | (6.3 | ) | (7.2 | ) | (426 | ) | 39.1 | 24.6 | ||||||||||||||
|
||||||||||||||||||||||||
Profit from continuing operations |
489 | (11.8 | ) | (12.5 | ) | 1,523 | 30.2 | 16.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Consolidated profit |
489 | (11.8 | ) | (12.5 | ) | 1,523 | 30.2 | 16.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
10 | 3.4 | 2.6 | 27 | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Attributable profit to the Group |
480 | (12.0 | ) | (12.8 | ) | 1,496 | 27.9 | 14.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Customer loans** |
284,003 | (1.4 | ) | 2.4 | 284,003 | 14.1 | 8.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
40,406 | (2.3 | ) | 1.4 | 40,406 | 14.6 | 8.9 | |||||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
12,940 | 1.2 | 5.1 | 12,940 | 20.5 | 14.5 | ||||||||||||||||||
|
||||||||||||||||||||||||
Due from credit institutions** |
14,995 | (15.1 | ) | (11.8 | ) | 14,995 | (10.6 | ) | (15.0 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Intangible assets and property and equipment |
3,043 | (4.2 | ) | (0.5 | ) | 3,043 | 21.6 | 15.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Other assets |
27,936 | 4.3 | 8.3 | 27,936 | (30.6 | ) | (34.1 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
383,323 | (1.6 | ) | 2.1 | 383,323 | 8.1 | 2.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits** |
227,212 | (1.3 | ) | 2.4 | 227,212 | 11.5 | 6.0 | |||||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities** |
72,051 | (0.8 | ) | 3.0 | 72,051 | 2.3 | (2.8 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt** |
4,098 | (22.3 | ) | (19.3 | ) | 4,098 | (33.0 | ) | (36.4 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Insurance liabilities |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Due to credit institutions** |
24,871 | (5.5 | ) | (1.9 | ) | 24,871 | (2.7 | ) | (7.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
38,500 | (2.2 | ) | 1.5 | 38,500 | 14.4 | 8.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity *** |
16,591 | 5.1 | 9.1 | 16,591 | 10.5 | 5.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
9,376 | (13.2 | ) | (9.9 | ) | 9,376 | (6.2 | ) | (10.9 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
9,238 | (13.2 | ) | (9.9 | ) | 9,238 | (6.2 | ) | (10.9 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
138 | (14.9 | ) | (11.7 | ) | 138 | (4.9 | ) | (9.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
312,737 | (1.9 | ) | 1.8 | 312,737 | 7.8 | 2.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
ROE |
11.76 | (2.05 | ) | 12.60 | 1.19 | |||||||||||||||||||
|
||||||||||||||||||||||||
Efficiency ratio (with amortisations) |
52.6 | 0.7 | 52.5 | 0.1 | ||||||||||||||||||||
|
||||||||||||||||||||||||
NPL ratio |
1.51 | (0.10 | ) | 1.51 | (0.29 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
NPL coverage |
39.6 | (0.7 | ) | 39.6 | (3.8 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
26,154 | (0.8 | ) | 26,154 | 3.0 | |||||||||||||||||||
|
||||||||||||||||||||||||
Number of branches |
882 | (2.1 | ) | 882 | (6.4 | ) | ||||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
48
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
APPENDIX | FINANCIAL INFORMATION |
Latin America
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
3,334 | (7.6 | ) | 3.4 | 10,489 | 3.5 | 9.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
1,079 | (6.3 | ) | 4.4 | 3,366 | 5.7 | 11.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
126 | (22.8 | ) | (13.3 | ) | 457 | (0.3 | ) | (1.5 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
23 | (14.1 | ) | 1.8 | 48 | (18.9 | ) | (6.3 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Gross income |
4,562 | (7.9 | ) | 3.1 | 14,360 | 3.8 | 9.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(1,895 | ) | (6.5 | ) | 4.3 | (5,969 | ) | 3.1 | 8.6 | |||||||||||||||
|
||||||||||||||||||||||||
General administrative expenses |
(1,738 | ) | (5.8 | ) | 4.9 | (5,448 | ) | 3.8 | 9.3 | |||||||||||||||
|
||||||||||||||||||||||||
Personnel |
(956 | ) | (6.2 | ) | 4.5 | (2,978 | ) | 6.3 | 11.8 | |||||||||||||||
|
||||||||||||||||||||||||
Other general administrative expenses |
(782 | ) | (5.3 | ) | 5.5 | (2,471 | ) | 1.0 | 6.4 | |||||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
(157 | ) | (13.8 | ) | (2.7 | ) | (521 | ) | (4.0 | ) | 2.6 | |||||||||||||
|
||||||||||||||||||||||||
Net operating income |
2,667 | (8.8 | ) | 2.3 | 8,392 | 4.3 | 10.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(1,241 | ) | 1.2 | 13.0 | (3,677 | ) | (4.8 | ) | 2.2 | |||||||||||||||
|
||||||||||||||||||||||||
Other income |
(264 | ) | (3.3 | ) | 9.3 | (740 | ) | 29.7 | 45.3 | |||||||||||||||
|
||||||||||||||||||||||||
Ordinary profit before taxes |
1,163 | (18.4 | ) | (8.3 | ) | 3,975 | 9.9 | 13.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(223 | ) | (40.4 | ) | (30.1 | ) | (998 | ) | 12.8 | 18.1 | ||||||||||||||
|
||||||||||||||||||||||||
Ordinary profit from continuing operations |
940 | (10.6 | ) | (0.5 | ) | 2,977 | 9.0 | 12.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Ordinary consolidated profit |
940 | (10.6 | ) | (0.5 | ) | 2,977 | 9.0 | 12.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
156 | (10.9 | ) | (1.5 | ) | 477 | (22.8 | ) | (20.0 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Ordinary attributable profit to the Group |
783 | (10.6 | ) | (0.4 | ) | 2,500 | 18.3 | 22.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Customer loans** |
129,593 | (10.7 | ) | 5.3 | 129,593 | (4.8 | ) | 18.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
37,178 | 7.5 | 25.8 | 37,178 | 10.4 | 39.7 | ||||||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
23,722 | (31.6 | ) | (15.7 | ) | 23,722 | 4.6 | 36.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Due from credit institutions** |
25,987 | 0.9 | 19.3 | 25,987 | (11.5 | ) | 10.5 | |||||||||||||||||
|
||||||||||||||||||||||||
Intangible assets and property and equipment |
3,416 | (15.8 | ) | 1.6 | 3,416 | (11.0 | ) | 16.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Other assets |
44,473 | 10.3 | 34.5 | 44,473 | 5.9 | 40.4 | ||||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
264,369 | (7.1 | ) | 10.6 | 264,369 | (1.2 | ) | 24.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits** |
118,044 | (11.5 | ) | 4.2 | 118,044 | (10.0 | ) | 12.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities** |
31,939 | (13.5 | ) | 5.3 | 31,939 | (3.0 | ) | 27.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt** |
6,088 | (8.6 | ) | 11.2 | 6,088 | (7.1 | ) | 20.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Insurance liabilities |
1 | (26.0 | ) | (4.4 | ) | 1 | | | ||||||||||||||||
|
||||||||||||||||||||||||
Due to credit institutions** |
41,682 | 1.9 | 22.6 | 41,682 | 35.9 | 72.2 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
45,884 | 5.7 | 25.5 | 45,884 | (1.1 | ) | 26.5 | |||||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity *** |
20,731 | (10.6 | ) | 6.7 | 20,731 | 3.8 | 30.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
62,030 | (13.3 | ) | 5.8 | 62,030 | (12.5 | ) | 16.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
57,561 | (13.2 | ) | 6.1 | 57,561 | (12.7 | ) | 15.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
4,470 | (15.2 | ) | 2.6 | 4,470 | (9.4 | ) | 16.7 | ||||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
218,103 | (12.3 | ) | 5.0 | 218,103 | (9.7 | ) | 15.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
ROE |
14.12 | (1.41 | ) | 14.85 | 0.47 | |||||||||||||||||||
|
||||||||||||||||||||||||
Efficiency ratio (with amortisations) |
41.5 | 0.6 | 41.6 | (0.3 | ) | |||||||||||||||||||
|
||||||||||||||||||||||||
NPL ratio |
4.65 | (0.09 P, | ) | 4.65 | (0.48 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
NPL coverage |
85.4 | 1.0 P, | 85.4 | 2.0 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
88,893 | 1.8 | 88,893 | 6.6 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of branches |
5,812 | 0.5 | 5,812 | 2.2 | ||||||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
NOTE: In 2Q15 and 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
49
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
FINANCIAL INFORMATION | APPENDIX |
Brazil
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
1,976 | (9.6 | ) | 3.9 | 6,416 | (4.1 | ) | 7.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
622 | (8.9 | ) | 4.6 | 2,012 | (1.9 | ) | 10.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
6 | (91.2 | ) | (83.3 | ) | 96 | (18.0 | ) | (7.7 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
53 | 14.6 | 27.5 | 119 | 55.6 | 75.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
2,656 | (10.9 | ) | 2.5 | 8,643 | (3.3 | ) | 8.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(1,056 | ) | (8.3 | ) | 5.3 | (3,393 | ) | (6.9 | ) | 4.7 | ||||||||||||||
|
||||||||||||||||||||||||
General administrative expenses |
(960 | ) | (7.2 | ) | 6.3 | (3,062 | ) | (6.1 | ) | 5.7 | ||||||||||||||
|
||||||||||||||||||||||||
Personnel |
(525 | ) | (8.1 | ) | 5.3 | (1,671 | ) | (3.9 | ) | 8.1 | ||||||||||||||
|
||||||||||||||||||||||||
Other general administrative expenses |
(435 | ) | (6.1 | ) | 7.5 | (1,392 | ) | (8.6 | ) | 2.8 | ||||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
(96 | ) | (17.2 | ) | (4.0 | ) | (330 | ) | (13.9 | ) | (3.1 | ) | ||||||||||||
|
||||||||||||||||||||||||
Net operating income |
1,600 | (12.6 | ) | 0.7 | 5,251 | (0.8 | ) | 11.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(813 | ) | (1.9 | ) | 11.8 | (2,467 | ) | (11.7 | ) | (0.7 | ) | |||||||||||||
|
||||||||||||||||||||||||
Other income |
(255 | ) | (3.3 | ) | 9.8 | (727 | ) | 29.6 | 45.8 | |||||||||||||||
|
||||||||||||||||||||||||
Ordinary profit before taxes |
533 | (27.9 | ) | (14.8 | ) | 2,057 | 6.2 | 19.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(99 | ) | (56.9 | ) | (44.4 | ) | (582 | ) | 9.2 | 22.9 | ||||||||||||||
|
||||||||||||||||||||||||
Ordinary profit from continuing operations |
434 | (14.7 | ) | (1.3 | ) | 1,474 | 5.1 | 18.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Ordinary consolidated profit |
434 | (14.7 | ) | (1.3 | ) | 1,474 | 5.1 | 18.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
49 | (13.7 | ) | (0.5 | ) | 160 | (51.0 | ) | (44.9 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Ordinary attributable profit to the Group |
385 | (14.8 | ) | (1.4 | ) | 1,315 | 22.1 | 37.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Customer loans** |
58,227 | (19.2 | ) | 4.3 | 58,227 | (20.1 | ) | 16.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
14,836 | (6.2 | ) | 21.1 | 14,836 | (18.2 | ) | 19.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
15,086 | (42.1 | ) | (25.2 | ) | 15,086 | (1.3 | ) | 43.4 | |||||||||||||||
|
||||||||||||||||||||||||
Due from credit institutions** |
12,564 | (5.5 | ) | 22.0 | 12,564 | (16.1 | ) | 21.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Intangible assets and property and equipment |
2,129 | (20.3 | ) | 2.9 | 2,129 | (22.4 | ) | 12.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Other assets |
32,139 | 12.5 | 45.2 | 32,139 | 4.5 | 51.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
134,982 | (14.8 | ) | 10.0 | 134,982 | (12.8 | ) | 26.7 | ||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits** |
54,847 | (18.4 | ) | 5.4 | 54,847 | (22.6 | ) | 12.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities** |
21,045 | (14.8 | ) | 10.1 | 21,045 | (8.5 | ) | 33.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt** |
3,986 | (10.5 | ) | 15.6 | 3,986 | (8.8 | ) | 32.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Insurance liabilities |
1 | (26.0 | ) | (4.4 | ) | 1 | | | ||||||||||||||||
|
||||||||||||||||||||||||
Due to credit institutions** |
22,412 | (10.5 | ) | 15.5 | 22,412 | 25.6 | 82.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
21,795 | (7.6 | ) | 19.3 | 21,795 | (20.9 | ) | 15.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity *** |
10,896 | (19.3 | ) | 4.2 | 10,896 | (2.5 | ) | 41.7 | ||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
41,753 | (16.3 | ) | 8.1 | 41,753 | (17.9 | ) | 19.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
39,129 | (16.1 | ) | 8.4 | 39,129 | (17.6 | ) | 19.7 | ||||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
2,625 | (19.6 | ) | 3.8 | 2,625 | (21.7 | ) | 13.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
121,631 | (16.8 | ) | 7.4 | 121,631 | (18.4 | ) | 18.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
ROE |
12.40 | (1.70 | ) | 13.77 | 0.94 | |||||||||||||||||||
|
||||||||||||||||||||||||
Efficiency ratio (with amortisations) |
39.7 | 1.1 | 39.3 | (1.5 | ) | |||||||||||||||||||
|
||||||||||||||||||||||||
NPL ratio |
5.30 | 0.17 | 5.30 | (0.34 | ) | |||||||||||||||||||
|
||||||||||||||||||||||||
NPL coverage |
96.0 | 0.1 | 96.0 | 4.6 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
48,955 | 0.6 | 48,955 | 4.9 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of branches |
3,436 | | 3,436 | 0.3 | ||||||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
NOTE: In 2Q15 and 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
50
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
APPENDIX | FINANCIAL INFORMATION |
Mexico
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
600 | (3.3 | ) | 4.1 | 1,818 | 16.0 | 13.1 | |||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
194 | (9.2 | ) | (2.0 | ) | 601 | 5.9 | 3.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
26 | (21.4 | ) | (13.7 | ) | 102 | (26.4 | ) | (28.3 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
(26 | ) | 89.9 | 99.8 | (54 | ) | 58.9 | 54.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
794 | (7.0 | ) | 0.4 | 2,467 | 10.2 | 7.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(327 | ) | (7.4 | ) | (0.0 | ) | (1,035 | ) | 8.4 | 5.7 | ||||||||||||||
|
||||||||||||||||||||||||
General administrative expenses |
(301 | ) | (6.4 | ) | 1.0 | (948 | ) | 7.8 | 5.1 | |||||||||||||||
|
||||||||||||||||||||||||
Personnel |
(163 | ) | (6.2 | ) | 1.2 | (504 | ) | 15.7 | 12.8 | |||||||||||||||
|
||||||||||||||||||||||||
Other general administrative expenses |
(138 | ) | (6.7 | ) | 0.9 | (444 | ) | 0.1 | (2.4 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
(26 | ) | (17.7 | ) | (10.7 | ) | (88 | ) | 15.2 | 12.3 | ||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
467 | (6.6 | ) | 0.6 | 1,431 | 11.5 | 8.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(227 | ) | 1.5 | 8.9 | (662 | ) | 14.3 | 11.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Other income |
1 | | | 6 | 159.2 | 152.7 | ||||||||||||||||||
|
||||||||||||||||||||||||
Profit before taxes |
241 | (12.2 | ) | (5.0 | ) | 776 | 9.7 | 6.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(48 | ) | (22.1 | ) | (15.1 | ) | (169 | ) | 21.7 | 18.6 | ||||||||||||||
|
||||||||||||||||||||||||
Profit from continuing operations |
193 | (9.3 | ) | (2.1 | ) | 607 | 6.7 | 4.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Consolidated profit |
193 | (9.3 | ) | (2.1 | ) | 607 | 6.7 | 4.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
50 | (5.6 | ) | 1.6 | 152 | 12.3 | 9.5 | |||||||||||||||||
|
||||||||||||||||||||||||
Attributable profit to the Group |
143 | (10.6 | ) | (3.3 | ) | 456 | 5.0 | 2.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Customer loans** |
28,198 | (1.4 | ) | 6.7 | 28,198 | 7.8 | 20.3 | |||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
18,448 | 19.9 | 29.7 | 18,448 | 47.9 | 65.2 | ||||||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
4,939 | 23.9 | 34.1 | 4,939 | 20.5 | 34.6 | ||||||||||||||||||
|
||||||||||||||||||||||||
Due from credit institutions** |
7,744 | 9.3 | 18.3 | 7,744 | (19.4 | ) | (10.0 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Intangible assets and property and equipment |
363 | (21.2 | ) | (14.7 | ) | 363 | (7.4 | ) | 3.4 | |||||||||||||||
|
||||||||||||||||||||||||
Other assets |
5,716 | (1.1 | ) | 7.0 | 5,716 | 4.6 | 16.8 | |||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
65,408 | 6.7 | 15.5 | 65,408 | 12.4 | 25.5 | ||||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits** |
26,540 | (7.7 | ) | (0.1 | ) | 26,540 | (7.5 | ) | 3.3 | |||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities** |
4,068 | (13.8 | ) | (6.7 | ) | 4,068 | 7.3 | 19.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt** |
1,159 | (1.8 | ) | 6.2 | 1,159 | 12.9 | 26.0 | |||||||||||||||||
|
||||||||||||||||||||||||
Insurance liabilities |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Due to credit institutions** |
11,794 | 39.2 | 50.6 | 11,794 | 78.2 | 99.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
16,801 | 26.0 | 36.4 | 16,801 | 26.3 | 41.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity *** |
5,045 | 3.8 | 12.3 | 5,045 | 6.0 | 18.3 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
11,631 | (7.4 | ) | 0.3 | 11,631 | (6.2 | ) | 4.7 | ||||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
11,631 | (7.4 | ) | 0.3 | 11,631 | (6.2 | ) | 4.7 | ||||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
43,399 | (8.1 | ) | (0.5 | ) | 43,399 | (5.5 | ) | 5.5 | |||||||||||||||
|
||||||||||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
ROE |
11.53 | (1.74 | ) | 12.51 | (0.15 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
Efficiency ratio (with amortisations) |
41.2 | (0.2 | ) | 42.0 | (0.7 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
NPL ratio |
3.54 | (0.27 | ) | 3.54 | (0.20 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
NPL coverage |
93.0 | 5.5 | 93.0 | 2.9 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
17,704 | 2.1 | 17,704 | 11.3 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of branches |
1,354 | (0.1 | ) | 1,354 | 4.2 | |||||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
51
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | APPENDIX | ||
FINANCIAL INFORMATION |
Chile
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
460 | (7.5 | ) | 1.3 | 1,356 | 9.1 | 2.1 | |||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
93 | (2.7 | ) | 6.7 | 275 | 14.1 | 6.8 | |||||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
51 | 43.1 | 59.3 | 151 | 73.1 | 62.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
2 | (54.7 | ) | (47.7 | ) | 10 | (31.9 | ) | (36.3 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Gross income |
606 | (4.3 | ) | 4.9 | 1,792 | 13.0 | 5.8 | |||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(243 | ) | (7.9 | ) | 1.3 | (743 | ) | 16.6 | 9.2 | |||||||||||||||
|
||||||||||||||||||||||||
General administrative expenses |
(224 | ) | (8.1 | ) | 1.0 | (687 | ) | 16.5 | 9.0 | |||||||||||||||
|
||||||||||||||||||||||||
Personnel |
(138 | ) | (7.4 | ) | 1.6 | (415 | ) | 19.3 | 11.7 | |||||||||||||||
|
||||||||||||||||||||||||
Other general administrative expenses |
(86 | ) | (9.4 | ) | (0.0 | ) | (272 | ) | 12.5 | 5.3 | ||||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
(18 | ) | (4.2 | ) | 5.4 | (56 | ) | 18.3 | 10.7 | |||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
364 | (1.7 | ) | 7.5 | 1,049 | 10.6 | 3.5 | |||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(153 | ) | 20.9 | 31.9 | (410 | ) | 12.5 | 5.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Other income |
(4 | ) | 50.3 | 46.3 | (1 | ) | (87.0 | ) | (87.8 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Profit before taxes |
207 | (14.1 | ) | (5.7 | ) | 638 | 10.5 | 3.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(25 | ) | (11.5 | ) | 0.2 | (96 | ) | 16.4 | 8.9 | |||||||||||||||
|
||||||||||||||||||||||||
Profit from continuing operations |
182 | (14.5 | ) | (6.5 | ) | 541 | 9.5 | 2.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Consolidated profit |
182 | (14.5 | ) | (6.5 | ) | 541 | 9.5 | 2.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
57 | (12.9 | ) | (5.1 | ) | 164 | 5.0 | (1.7 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Attributable profit to the Group |
125 | (15.2 | ) | (7.1 | ) | 378 | 11.5 | 4.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Customer loans** |
31,874 | (5.5 | ) | 3.8 | 31,874 | 9.7 | 13.9 | |||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
3,665 | 25.6 | 37.9 | 3,665 | 34.6 | 39.7 | ||||||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
2,449 | (13.5 | ) | (5.0 | ) | 2,449 | 11.7 | 16.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Due from credit institutions** |
4,489 | 11.7 | 22.6 | 4,489 | 23.7 | 28.4 | ||||||||||||||||||
|
||||||||||||||||||||||||
Intangible assets and property and equipment |
343 | (7.8 | ) | 1.3 | 343 | 15.9 | 20.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Other assets |
2,658 | 1.4 | 11.3 | 2,658 | (3.3 | ) | 0.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
45,477 | (2.2 | ) | 7.4 | 45,477 | 11.9 | 16.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits** |
23,211 | (4.1 | ) | 5.3 | 23,211 | 9.0 | 13.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities** |
6,743 | (9.4 | ) | (0.5 | ) | 6,743 | 11.5 | 15.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt** |
942 | (7.9 | ) | 1.1 | 942 | (18.2 | ) | (15.1 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Insurance liabilities |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Due to credit institutions** |
5,878 | 1.3 | 11.3 | 5,878 | 14.4 | 18.8 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
5,843 | 13.9 | 25.1 | 5,843 | 29.9 | 34.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity *** |
2,860 | (1.3 | ) | 8.4 | 2,860 | 13.6 | 17.9 | |||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
7,307 | (6.2 | ) | 3.0 | 7,307 | 7.8 | 12.0 | |||||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
5,463 | (5.6 | ) | 3.7 | 5,463 | 5.2 | 9.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
1,845 | (8.0 | ) | 1.0 | 1,845 | 16.6 | 21.0 | |||||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
38,204 | (5.6 | ) | 3.7 | 38,204 | 8.3 | 12.5 | |||||||||||||||||
|
||||||||||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
ROE |
17.35 | (2.31 | ) | 16.97 | (1.14 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
Efficiency ratio (with amortisations) |
40.0 | (1.6 | ) | 41.5 | 1.3 | |||||||||||||||||||
|
||||||||||||||||||||||||
NPL ratio |
5.60 | (0.13 | ) | 5.60 | (0.38 | ) | ||||||||||||||||||
|
||||||||||||||||||||||||
NPL coverage |
52.8 | 1.2 | 52.8 | 0.5 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
12,334 | 0.2 | 12,334 | 1.6 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of branches |
476 | (0.6 | ) | 476 | | |||||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
52
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
APPENDIX | FINANCIAL INFORMATION |
United States
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
1,550 | 0.1 | 0.7 | 4,562 | 29.1 | 6.2 | ||||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
266 | (1.9 | ) | (1.3 | ) | 799 | 30.7 | 7.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
39 | (62.1 | ) | (62.1 | ) | 193 | 43.1 | 17.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
96 | 25.5 | 26.6 | 265 | 197.0 | 144.1 | ||||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
1,952 | (2.4 | ) | (1.8 | ) | 5,820 | 33.2 | 9.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(772 | ) | 5.9 | 6.5 | (2,197 | ) | 35.8 | 11.7 | ||||||||||||||||
|
||||||||||||||||||||||||
General administrative expenses |
(708 | ) | 6.7 | 7.4 | (2,007 | ) | 36.5 | 12.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Personnel |
(388 | ) | 2.3 | 2.9 | (1,130 | ) | 37.5 | 13.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Other general administrative expenses |
(320 | ) | 12.6 | 13.3 | (877 | ) | 35.2 | 11.1 | ||||||||||||||||
|
||||||||||||||||||||||||
Depreciation and amortisation |
(64 | ) | (2.8 | ) | (2.3 | ) | (191 | ) | 29.1 | 6.1 | ||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
1,180 | (7.1 | ) | (6.6 | ) | 3,622 | 31.7 | 8.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(750 | ) | (0.5 | ) | (0.0 | ) | (2,144 | ) | 29.4 | 6.4 | ||||||||||||||
|
||||||||||||||||||||||||
Other income |
(37 | ) | (11.9 | ) | (11.7 | ) | (97 | ) | 403.9 | 314.3 | ||||||||||||||
|
||||||||||||||||||||||||
Profit before taxes |
393 | (17.2 | ) | (16.7 | ) | 1,382 | 28.4 | 5.6 | ||||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(129 | ) | (17.9 | ) | (17.4 | ) | (444 | ) | 38.6 | 13.9 | ||||||||||||||
|
||||||||||||||||||||||||
Profit from continuing operations |
264 | (16.9 | ) | (16.4 | ) | 938 | 24.1 | 2.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Consolidated profit |
264 | (16.9 | ) | (16.4 | ) | 938 | 24.1 | 2.0 | ||||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
78 | (22.6 | ) | (22.1 | ) | 278 | 75.0 | 43.9 | ||||||||||||||||
|
||||||||||||||||||||||||
Attributable profit to the Group |
186 | (14.3 | ) | (13.7 | ) | 660 | 10.6 | (9.1 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Customer loans** |
80,789 | 1.4 | 1.6 | 80,789 | 21.0 | 7.7 | ||||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
1,248 | (25.5 | ) | (25.4 | ) | 1,248 | (68.5 | ) | (72.0 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
18,446 | 9.9 | 10.0 | 18,446 | 58.1 | 40.8 | ||||||||||||||||||
|
||||||||||||||||||||||||
Due from credit institutions** |
4,305 | (13.4 | ) | (13.3 | ) | 4,305 | 27.8 | 13.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Intangible assets and property and equipment |
8,585 | 8.7 | 8.8 | 8,585 | 42.9 | 27.2 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other assets |
12,065 | 19.6 | 19.8 | 12,065 | 40.6 | 25.2 | ||||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
125,438 | 3.6 | 3.7 | 125,438 | 25.0 | 11.3 | ||||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits** |
58,970 | 1.4 | 1.6 | 58,970 | 19.0 | 5.9 | ||||||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities** |
21,552 | 2.9 | 3.0 | 21,552 | 36.3 | 21.4 | ||||||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt** |
891 | 2.1 | 2.3 | 891 | 14.5 | 2.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Insurance liabilities |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Due to credit institutions** |
25,138 | 16.5 | 16.6 | 25,138 | 82.0 | 62.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
7,571 | (9.8 | ) | (9.7 | ) | 7,571 | (16.8 | ) | (25.9 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity *** |
11,315 | 1.6 | 1.7 | 11,315 | (0.0 | ) | (11.0 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
19,980 | (4.6 | ) | (4.5 | ) | 19,980 | 35.7 | 20.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
7,317 | (5.1 | ) | (4.9 | ) | 7,317 | 115.1 | 91.5 | ||||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
12,663 | (4.3 | ) | (4.2 | ) | 12,663 | 11.8 | (0.5 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
101,394 | 0.5 | 0.6 | 101,394 | 25.4 | 11.6 | ||||||||||||||||||
|
||||||||||||||||||||||||
Ratios (%) and operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
ROE |
6.67 | (1.14 | ) | 7.88 | 0.56 | |||||||||||||||||||
|
||||||||||||||||||||||||
Efficiency ratio (with amortisations) |
39.6 | 3.1 | 37.8 | 0.7 | ||||||||||||||||||||
|
||||||||||||||||||||||||
NPL ratio |
2.20 | | 2.20 | (0.37 | ) | |||||||||||||||||||
|
||||||||||||||||||||||||
NPL coverage |
218.3 | (5.9 | ) | 218.3 | 34.6 | |||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
17,592 | 2.0 | 17,592 | 6.2 | ||||||||||||||||||||
|
||||||||||||||||||||||||
Number of branches |
783 | | 783 | (3.6 | ) | |||||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
53
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
FINANCIAL INFORMATION | APPENDIX |
Corporate Centre
million
Income stetement | 3Q15 | 2Q15 | % | 9M15 | 9M14 | % | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
(139 | ) | (132 | ) | 5.1 | (491 | ) | (498 | ) | (1.4 | ) | |||||||||||||
|
||||||||||||||||||||||||
Net fees |
(0 | ) | (6 | ) | (98.3 | ) | (8 | ) | (15 | ) | (51.1 | ) | ||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
90 | (68 | ) | | 34 | 537 | (93.7 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Other operating income |
(8 | ) | 28 | | 1 | (15 | ) | | ||||||||||||||||
|
||||||||||||||||||||||||
Dividends |
24 | 38 | (37.5 | ) | 63 | 25 | 148.9 | |||||||||||||||||
|
||||||||||||||||||||||||
Income from equity-accounted method |
(16 | ) | (8 | ) | 96.0 | (37 | ) | (25 | ) | 48.8 | ||||||||||||||
|
||||||||||||||||||||||||
Other operating income/expenses |
(15 | ) | (2 | ) | 830.0 | (25 | ) | (16 | ) | 60.4 | ||||||||||||||
|
||||||||||||||||||||||||
Gross income |
(56 | ) | (177 | ) | (68.2 | ) | (463 | ) | 9 | | ||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(142 | ) | (150 | ) | (5.5 | ) | (435 | ) | (436 | ) | (0.4 | ) | ||||||||||||
|
||||||||||||||||||||||||
Net operating income |
(199 | ) | (327 | ) | (39.4 | ) | (898 | ) | (428 | ) | 109.9 | |||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(1 | ) | 2 | | 0 | 0 | 42.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Other income |
(148 | ) | (132 | ) | 12.3 | (378 | ) | (128 | ) | 195.6 | ||||||||||||||
|
||||||||||||||||||||||||
Ordinary profit before taxes |
(348 | ) | (458 | ) | (24.0 | ) | (1,275 | ) | (555 | ) | 129.7 | |||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(44 | ) | (32 | ) | 35.2 | (72 | ) | (8 | ) | 756.1 | ||||||||||||||
|
||||||||||||||||||||||||
Ordinary profit from continuing operations |
(392 | ) | (490 | ) | (20.1 | ) | (1,347 | ) | (564 | ) | 139.0 | |||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | | | | | | |||||||||||||||||
|
||||||||||||||||||||||||
Ordinary consolidated profit |
(392 | ) | (490 | ) | (20.1 | ) | (1,347 | ) | (564 | ) | 139.0 | |||||||||||||
|
||||||||||||||||||||||||
Minority interests |
2 | (1 | ) | | 28 | (1 | ) | | ||||||||||||||||
|
||||||||||||||||||||||||
Ordinary attributable profit to the Group |
(394 | ) | (489 | ) | (19.5 | ) | (1,375 | ) | (563 | ) | 144.3 | |||||||||||||
|
||||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Trading portfolio (w/o loans) |
1,331 | 3,058 | (56.5 | ) | 1,331 | 3,934 | (66.2 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Available-for-sale financial assets |
3,585 | 3,721 | (3.7 | ) | 3,585 | 2,237 | 60.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Investments |
26,777 | 28,593 | (6.3 | ) | 26,777 | 27,364 | (2.1 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Goodwill |
77,606 | 81,700 | (5.0 | ) | 77,606 | 73,201 | 6.0 | |||||||||||||||||
|
||||||||||||||||||||||||
Other assets |
35,635 | 36,369 | (2.0 | ) | 35,635 | 34,761 | 2.5 | |||||||||||||||||
|
||||||||||||||||||||||||
Total assets/liabilities & shareholders equity |
144,935 | 153,442 | (5.5 | ) | 144,935 | 141,497 | 2.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Customer deposits* |
1,997 | 2,177 | (8.3 | ) | 1,997 | 1,632 | 22.3 | |||||||||||||||||
|
||||||||||||||||||||||||
Marketable debt securities* |
24,448 | 22,220 | 10.0 | 24,448 | 25,940 | (5.8 | ) | |||||||||||||||||
|
||||||||||||||||||||||||
Subordinated debt* |
8,354 | 6,861 | 21.8 | 8,354 | 3,481 | 140.0 | ||||||||||||||||||
|
||||||||||||||||||||||||
Other liabilities |
25,139 | 30,105 | (16.5 | ) | 25,139 | 34,996 | (28.2 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Stockholders equity ** |
84,998 | 92,078 | (7.7 | ) | 84,998 | 75,447 | 12.7 | |||||||||||||||||
|
||||||||||||||||||||||||
Other managed and marketed customer funds |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Mutual and pension funds |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Managed portfolios |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Managed and marketed customer funds |
34,798 | 31,258 | 11.3 | 34,798 | 31,053 | 12.1 | ||||||||||||||||||
|
||||||||||||||||||||||||
Operating means |
||||||||||||||||||||||||
|
||||||||||||||||||||||||
Number of employees |
2,161 | 2,184 | (1.1 | ) | 2,161 | 2,033 | 6.3 | |||||||||||||||||
|
(*).- | Including all on-balance sheet balances for this item |
(**).- | Capital + reserves + profit + valuation adjustments |
54
FINANCIAL REPORT 2015 | JANUARY - SEPTEMBER | |||
APPENDIX | FINANCIAL INFORMATION |
Retail Banking
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
7,434 | (3.1 | ) | 1.7 | 22,639 | 10.2 | 7.3 | |||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
2,134 | (2.6 | ) | 2.4 | 6,497 | 5.7 | 4.8 | |||||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
337 | (3.2 | ) | 1.1 | 1,038 | 16.4 | 12.0 | |||||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
190 | 1.6 | 4.2 | 552 | 277.6 | 241.4 | ||||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
10,094 | (2.9 | ) | 1.9 | 30,726 | 10.8 | 8.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(4,621 | ) | (1.7 | ) | 2.8 | (13,980 | ) | 8.8 | 6.5 | |||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
5,473 | (3.9 | ) | 1.1 | 16,746 | 12.6 | 9.6 | |||||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(2,289 | ) | (1.3 | ) | 4.6 | (6,928 | ) | (6.8 | ) | (8.4 | ) | |||||||||||||
|
||||||||||||||||||||||||
Other income |
(479 | ) | 1.1 | 8.5 | (1,325 | ) | 26.3 | 30.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Ordinary profit before taxes |
2,705 | (6.9 | ) | (2.9 | ) | 8,494 | 32.9 | 26.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(620 | ) | (18.4 | ) | (14.3 | ) | (2,144 | ) | 41.6 | 34.9 | ||||||||||||||
|
||||||||||||||||||||||||
Ordinary profit from continuing operations |
2,085 | (2.8 | ) | 1.2 | 6,350 | 30.2 | 24.3 | |||||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | | | | (100.0 | ) | (100.0 | ) | |||||||||||||||
|
||||||||||||||||||||||||
Ordinary consolidated profit |
2,085 | (2.8 | ) | 1.2 | 6,350 | 30.4 | 24.4 | |||||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
291 | (8.7 | ) | (4.3 | ) | 893 | 14.7 | 12.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Ordinary attributable profit to the Group |
1,794 | (1.8 | ) | 2.1 | 5,456 | 33.4 | 26.6 | |||||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
NOTE: In 2Q15 and 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
55
JANUARY - SEPTEMBER | FINANCIAL REPORT 2015 | |||
FINANCIAL INFORMATION | APPENDIX |
Santander Global Corporate Banking
million
o/ 2Q15 | o/ 9M14 | |||||||||||||||||||||||
Income statement | 3Q15 | % | % w/o FX | 9M15 | % | % w/o FX | ||||||||||||||||||
|
||||||||||||||||||||||||
Net interest income |
699 | (5.7 | ) | 1.0 | 2,178 | 20.1 | 21.2 | |||||||||||||||||
|
||||||||||||||||||||||||
Net fees |
341 | (15.2 | ) | (11.0 | ) | 1,095 | 5.4 | 4.4 | ||||||||||||||||
|
||||||||||||||||||||||||
Gains (losses) on financial transactions |
164 | 182.7 | 183.8 | 508 | (36.2 | ) | (38.2 | ) | ||||||||||||||||
|
||||||||||||||||||||||||
Other operating income* |
49 | (68.3 | ) | (68.3 | ) | 224 | 8.2 | 8.2 | ||||||||||||||||
|
||||||||||||||||||||||||
Gross income |
1,253 | (7.5 | ) | (2.5 | ) | 4,005 | 3.9 | 3.3 | ||||||||||||||||
|
||||||||||||||||||||||||
Operating expenses |
(520 | ) | (0.4 | ) | 2.9 | (1,553 | ) | 13.4 | 10.3 | |||||||||||||||
|
||||||||||||||||||||||||
Net operating income |
732 | (12.0 | ) | (5.8 | ) | 2,452 | (1.4 | ) | (0.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Net loan-loss provisions |
(107 | ) | (25.5 | ) | (15.0 | ) | (449 | ) | 2.6 | 1.6 | ||||||||||||||
|
||||||||||||||||||||||||
Other income |
(28 | ) | 19.2 | 17.0 | (46 | ) | 24.6 | 24.8 | ||||||||||||||||
|
||||||||||||||||||||||||
Profit before taxes |
598 | (10.2 | ) | (4.7 | ) | 1,957 | (2.7 | ) | (1.6 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Tax on profit |
(176 | ) | (2.6 | ) | 3.1 | (555 | ) | (0.8 | ) | 0.9 | ||||||||||||||
|
||||||||||||||||||||||||
Profit from continuing operations |
421 | (13.0 | ) | (7.6 | ) | 1,402 | (3.4 | ) | (2.5 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | ||||||||||||||||||
|
||||||||||||||||||||||||
Consolidated profit |
421 | (13.0 | ) | (7.6 | ) | 1,402 | (3.4 | ) | (2.5 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Minority interests |
25 | (24.5 | ) | (13.6 | ) | 98 | (16.6 | ) | (14.1 | ) | ||||||||||||||
|
||||||||||||||||||||||||
Attributable profit to the Group |
396 | (12.1 | ) | (7.1 | ) | 1,304 | (2.3 | ) | (1.6 | ) | ||||||||||||||
|
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
(1) | Global Transaction Banking: includes the business of cash management, trade finance, basic financing and custody. |
(2) | Financing Solutions & Advisory: includes the units of origination and distribution of corporate loans and structured financings, bond and securitisation origination teams, corporate finance units (mergers and acquisitions, primary markets of equities, investment solutions for corporate clients via derivatives), and asset & capital structuring. |
(3) | Global Markets: includes the sale and distribution of fixed income and equity derivatives, interest rates and inflation; the trading and hedging of exchange rates, and short-term money markets for the Group»s wholesale and retail clients; management of books associated with distribution; and brokerage of equities, and derivatives for investment and hedging solutions. |
56
59
Key consolidated data
Variation | ||||||||||||||||||||
9M 15 | 9M 14 | Amount | % | 2014 | ||||||||||||||||
Balance sheet (EUR million) |
||||||||||||||||||||
Total assets |
1,320,427 | 1,241,104 | 79,324 | 6.4 | 1,266,296 | |||||||||||||||
Net customer loans |
777,020 | 721,988 | 55,031 | 7.6 | 734,711 | |||||||||||||||
Customer deposits |
669,236 | 646,331 | 22,906 | 3.5 | 647,628 | |||||||||||||||
Managed and marketed customer funds |
1,045,513 | 1,020,433 | 25,080 | 2.5 | 1,023,437 | |||||||||||||||
Stockholders equity |
88,320 | 77,325 | 10,995 | 14.2 | 80,806 | |||||||||||||||
Total managed and marketed funds |
1,479,841 | 1,402,277 | 77,564 | 5.5 | 1,428,083 | |||||||||||||||
Ordinary income statement* (EUR million) |
||||||||||||||||||||
Net interest income |
24,302 | 21,834 | 2,468 | 11.3 | 29,548 | |||||||||||||||
Gross income |
34,378 | 31,572 | 2,806 | 8.9 | 42,612 | |||||||||||||||
Pre-provision profit (net operating income) |
18,229 | 16,750 | 1,480 | 8.8 | 22,574 | |||||||||||||||
Profit before taxes |
8,766 | 7,140 | 1,627 | 22.8 | 9,720 | |||||||||||||||
Attributable profit to the Group |
5,106 | 4,361 | 745 | 17.1 | 5,816 | |||||||||||||||
(*).- Variations w/o exchange rate |
||||||||||||||||||||
Net interest income: +8.5%; Gross income: +6.5%; Pre-provision profit: +6.4%; Attributable profit: +11.8% |
| |||||||||||||||||||
Ordinary EPS, profitability and efficiency (%) |
||||||||||||||||||||
EPS (euro) (1) |
0.349 | 0.367 | (0.018 | ) | (4.9 | ) | 0.479 | |||||||||||||
RoE (2) |
7.5 | 7.2 | 7.0 | |||||||||||||||||
RoTE (2) |
11.4 | 11.3 | 11.0 | |||||||||||||||||
RoA |
0.6 | 0.6 | 0.6 | |||||||||||||||||
RoRWA |
1.3 | 1.3 | 1.3 | |||||||||||||||||
Efficiency ratio (with amortisations) |
47.0 | 46.9 | 47.0 | |||||||||||||||||
Solvency and NPL ratios (%) |
||||||||||||||||||||
CET1 fully-loaded (2) |
9.85 | 9.65 | ||||||||||||||||||
CET1 phase-in (2) |
12.39 | 11.44 | 12.23 | |||||||||||||||||
NPL ratio |
4.50 | 5.28 | 5.19 | |||||||||||||||||
Coverage ratio |
71.1 | 67.5 | 67.2 | |||||||||||||||||
Market capitalisation and shares |
||||||||||||||||||||
Shares (millions) |
14,317 | 11,988 | 2,329 | 19.4 | 12,584 | |||||||||||||||
Share price (euros) |
4.744 | 7.611 | (2.867 | ) | (37.7 | ) | 6.996 | |||||||||||||
Market capitalisation (EUR million) |
67,918 | 91,241 | (23,323 | ) | (25.6 | ) | 88,041 | |||||||||||||
Book value (euro) |
6.19 | 6.45 | 6.42 | |||||||||||||||||
Price / Book value (X) |
0.77 | 1.18 | 1.09 | |||||||||||||||||
P/E ratio (X) |
10.19 | 15.55 | 14.59 | |||||||||||||||||
Other data |
||||||||||||||||||||
Number of shareholders |
3,209,138 | 3,229,672 | (20,534 | ) | (0.6 | ) | 3,240,395 | |||||||||||||
Number of employees |
191,504 | 183,534 | 7,970 | 4.3 | 185,405 | |||||||||||||||
Number of branches |
12,901 | 13,059 | (158 | ) | (1.2 | ) | 12,951 |
(*).- | In 9M15 not including not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil |
(1).- | Ordinary EPS: Ordinary attributable profit including the issuances AT1 cost recorded in shareholders equity / average number of shares for the period excluding treasury shares |
(2).- | In 2014, pro-forma taking into account the January 2015 capital increase |
Note: The financial information in this report was approved by the Board of Directors at its meeting on October, 28 2015, following a favourable report from the Audit Committee on October, 21 2015.
1
Ordinary income statement
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Net interest income |
24,302 | 21,834 | 2,468 | 11.3 | ||||||||||||
Net fees |
7,584 | 7,172 | 413 | 5.8 | ||||||||||||
Gains (losses) on financial transactions |
1,702 | 2,229 | (528 | ) | (23.7 | ) | ||||||||||
Other operating income |
790 | 337 | 453 | 134.4 | ||||||||||||
Dividends |
347 | 323 | 24 | 7.6 | ||||||||||||
Income from equity-accounted method |
293 | 180 | 114 | 63.4 | ||||||||||||
Other operating income/expenses |
149 | (166 | ) | 315 | | |||||||||||
Gross income |
34,378 | 31,572 | 2,806 | 8.9 | ||||||||||||
Operating expenses |
(16,149 | ) | (14,822 | ) | (1,326 | ) | 8.9 | |||||||||
General administrative expenses |
(14,342 | ) | (13,125 | ) | (1,217 | ) | 9.3 | |||||||||
Personnel |
(8,308 | ) | (7,543 | ) | (766 | ) | 10.2 | |||||||||
Other general administrative expenses |
(6,034 | ) | (5,583 | ) | (451 | ) | 8.1 | |||||||||
Depreciation and amortisation |
(1,806 | ) | (1,697 | ) | (109 | ) | 6.4 | |||||||||
Net operating income |
18,229 | 16,750 | 1,480 | 8.8 | ||||||||||||
Net loan-loss provisions |
(7,550 | ) | (8,110 | ) | 560 | (6.9 | ) | |||||||||
Impairment losses on other assets |
(247 | ) | (225 | ) | (23 | ) | 10.1 | |||||||||
Other income |
(1,666 | ) | (1,275 | ) | (390 | ) | 30.6 | |||||||||
Ordinary profit before taxes |
8,766 | 7,140 | 1,627 | 22.8 | ||||||||||||
Tax on profit |
(2,649 | ) | (1,882 | ) | (768 | ) | 40.8 | |||||||||
Ordinary profit from continuing operations |
6,117 | 5,258 | 859 | 16.3 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Ordinary consolidated profit |
6,117 | 5,252 | 866 | 16.5 | ||||||||||||
Minority interests |
1,011 | 891 | 120 | 13.5 | ||||||||||||
Ordinary attributable profit to the Group |
5,106 | 4,361 | 745 | 17.1 | ||||||||||||
Ordinary EPS (euros) (1) |
0.349 | 0.367 | (0.018 | ) | (4.9 | ) | ||||||||||
Ordinary diluted EPS (euros) (1) |
0.348 | 0.366 | (0.018 | ) | (4.8 | ) | ||||||||||
Pro memoria: |
||||||||||||||||
Average total assets |
1,340,924 | 1,185,486 | 155,438 | 13.1 | ||||||||||||
Average stockholders equity (2) |
90,861 | 80,845 | 10,017 | 12.4 |
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
(1).- | Ordinary EPS: Ordinary attributable profit including the issuances AT1 cost recorded in shareholders equity / average number of shares for the period excluding treasury shares |
(2).- | Stockholders equity: Sharedholders equity + Equity adjustments by valuation. In 2014, pro-forma taking into account the January 2015 capital increase |
2
Quarterly income statement
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Net interest income |
6,992 | 7,370 | 7,471 | 7,714 | 8,038 | 8,281 | 7,983 | |||||||||||||||||||||
Net fees |
2,331 | 2,403 | 2,439 | 2,524 | 2,524 | 2,586 | 2,474 | |||||||||||||||||||||
Gains (losses) on financial transactions |
767 | 511 | 952 | 620 | 695 | 372 | 634 | |||||||||||||||||||||
Other operating income |
34 | 204 | 99 | 182 | 186 | 379 | 225 | |||||||||||||||||||||
Dividends |
31 | 220 | 72 | 112 | 33 | 239 | 75 | |||||||||||||||||||||
Income from equity-accounted method |
65 | 42 | 72 | 64 | 99 | 101 | 93 | |||||||||||||||||||||
Other operating income/expenses |
(63 | ) | (58 | ) | (45 | ) | 6 | 53 | 39 | 57 | ||||||||||||||||||
Gross income |
10,124 | 10,488 | 10,961 | 11,040 | 11,444 | 11,618 | 11,316 | |||||||||||||||||||||
Operating expenses |
(4,847 | ) | (4,906 | ) | (5,070 | ) | (5,216 | ) | (5,377 | ) | (5,429 | ) | (5,342 | ) | ||||||||||||||
General administrative expenses |
(4,256 | ) | (4,360 | ) | (4,509 | ) | (4,656 | ) | (4,785 | ) | (4,826 | ) | (4,731 | ) | ||||||||||||||
Personnel |
(2,455 | ) | (2,515 | ) | (2,572 | ) | (2,670 | ) | (2,755 | ) | (2,836 | ) | (2,717 | ) | ||||||||||||||
Other general administrative expenses |
(1,801 | ) | (1,844 | ) | (1,937 | ) | (1,985 | ) | (2,030 | ) | (1,989 | ) | (2,015 | ) | ||||||||||||||
Depreciation and amortisation |
(590 | ) | (546 | ) | (560 | ) | (560 | ) | (592 | ) | (603 | ) | (611 | ) | ||||||||||||||
Net operating income |
5,277 | 5,582 | 5,891 | 5,824 | 6,067 | 6,189 | 5,974 | |||||||||||||||||||||
Net loan-loss provisions |
(2,695 | ) | (2,638 | ) | (2,777 | ) | (2,452 | ) | (2,563 | ) | (2,508 | ) | (2,479 | ) | ||||||||||||||
Impairment losses on other assets |
(87 | ) | (71 | ) | (67 | ) | (151 | ) | (60 | ) | (78 | ) | (110 | ) | ||||||||||||||
Other income |
(347 | ) | (438 | ) | (491 | ) | (642 | ) | (454 | ) | (605 | ) | (606 | ) | ||||||||||||||
Ordinary profit before taxes |
2,149 | 2,435 | 2,556 | 2,580 | 2,990 | 2,998 | 2,778 | |||||||||||||||||||||
Tax on profit |
(569 | ) | (664 | ) | (649 | ) | (814 | ) | (922 | ) | (939 | ) | (787 | ) | ||||||||||||||
Ordinary profit from continuing operations |
1,579 | 1,771 | 1,908 | 1,766 | 2,067 | 2,059 | 1,991 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Ordinary consolidated profit |
1,579 | 1,771 | 1,901 | 1,746 | 2,067 | 2,059 | 1,991 | |||||||||||||||||||||
Minority interests |
277 | 318 | 296 | 291 | 350 | 350 | 311 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
1,303 | 1,453 | 1,605 | 1,455 | 1,717 | 1,709 | 1,680 | |||||||||||||||||||||
Ordinary EPS (euros) (1) |
0.113 | 0.122 | 0.131 | 0.112 | 0.121 | 0.115 | 0.113 | |||||||||||||||||||||
Ordinary diluted EPS (euros) (1) |
0.113 | 0.122 | 0.131 | 0.112 | 0.120 | 0.115 | 0.113 |
NOTE: In the second quarter of 2015 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
(1).- | Ordinary EPS: Ordinary attributable profit including the issuances AT1 cost recorded in shareholders equity / average number of shares for the period excluding treasury shares |
3
Ordinary income statement
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Net interest income |
24,302 | 22,391 | 1,911 | 8.5 | ||||||||||||
Net fees |
7,584 | 7,232 | 352 | 4.9 | ||||||||||||
Gains (losses) on financial transactions |
1,702 | 2,290 | (589 | ) | (25.7 | ) | ||||||||||
Other operating income |
790 | 353 | 438 | 124.1 | ||||||||||||
Dividends |
347 | 322 | 25 | 7.7 | ||||||||||||
Income from equity-accounted method |
294 | 171 | 123 | 71.7 | ||||||||||||
Other operating income/expenses |
149 | (141 | ) | 290 | | |||||||||||
Gross income |
34,378 | 32,266 | 2,112 | 6.5 | ||||||||||||
Operating expenses |
(16,149 | ) | (15,138 | ) | (1,010 | ) | 6.7 | |||||||||
General administrative expenses |
(14,342 | ) | (13,416 | ) | (926 | ) | 6.9 | |||||||||
Personnel |
(8,308 | ) | (7,725 | ) | (583 | ) | 7.6 | |||||||||
Other general administrative expenses |
(6,034 | ) | (5,692 | ) | (343 | ) | 6.0 | |||||||||
Depreciation and amortisation |
(1,806 | ) | (1,722 | ) | (84 | ) | 4.9 | |||||||||
Net operating income |
18,229 | 17,128 | 1,101 | 6.4 | ||||||||||||
Net loan-loss provisions |
(7,550 | ) | (8,238 | ) | 688 | (8.4 | ) | |||||||||
Impairment losses on other assets |
(247 | ) | (225 | ) | (22 | ) | 9.7 | |||||||||
Other income |
(1,666 | ) | (1,238 | ) | (427 | ) | 34.5 | |||||||||
Ordinary profit before taxes |
8,766 | 7,426 | 1,340 | 18.0 | ||||||||||||
Tax on profit |
(2,649 | ) | (1,947 | ) | (702 | ) | 36.0 | |||||||||
Ordinary profit from continuing operations |
6,117 | 5,479 | 638 | 11.7 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Ordinary consolidated profit |
6,117 | 5,472 | 645 | 11.8 | ||||||||||||
Minority interests |
1,011 | 903 | 108 | 11.9 | ||||||||||||
Ordinary attributable profit to the Group |
5,106 | 4,569 | 537 | 11.8 |
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
4
Quarterly income statement
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Net interest income |
7,295 | 7,554 | 7,542 | 7,816 | 7,875 | 8,156 | 8,271 | |||||||||||||||||||||
Net fees |
2,388 | 2,423 | 2,422 | 2,518 | 2,469 | 2,551 | 2,565 | |||||||||||||||||||||
Gains (losses) on financial transactions |
791 | 540 | 960 | 637 | 693 | 365 | 644 | |||||||||||||||||||||
Other operating income |
39 | 208 | 106 | 189 | 186 | 377 | 227 | |||||||||||||||||||||
Dividends |
33 | 218 | 72 | 112 | 33 | 238 | 76 | |||||||||||||||||||||
Income from equity-accounted method |
64 | 40 | 67 | 60 | 95 | 99 | 100 | |||||||||||||||||||||
Other operating income/expenses |
(58 | ) | (49 | ) | (33 | ) | 17 | 58 | 40 | 51 | ||||||||||||||||||
Gross income |
10,513 | 10,724 | 11,030 | 11,161 | 11,223 | 11,449 | 11,706 | |||||||||||||||||||||
Operating expenses |
(5,023 | ) | (5,010 | ) | (5,106 | ) | (5,269 | ) | (5,291 | ) | (5,360 | ) | (5,497 | ) | ||||||||||||||
General administrative expenses |
(4,413 | ) | (4,457 | ) | (4,546 | ) | (4,703 | ) | (4,708 | ) | (4,762 | ) | (4,872 | ) | ||||||||||||||
Personnel |
(2,547 | ) | (2,576 | ) | (2,601 | ) | (2,705 | ) | (2,714 | ) | (2,801 | ) | (2,794 | ) | ||||||||||||||
Other general administrative expenses |
(1,866 | ) | (1,881 | ) | (1,944 | ) | (1,999 | ) | (1,994 | ) | (1,962 | ) | (2,079 | ) | ||||||||||||||
Depreciation and amortisation |
(609 | ) | (553 | ) | (560 | ) | (566 | ) | (584 | ) | (597 | ) | (625 | ) | ||||||||||||||
Net operating income |
5,490 | 5,714 | 5,924 | 5,892 | 5,932 | 6,089 | 6,209 | |||||||||||||||||||||
Net loan-loss provisions |
(2,789 | ) | (2,665 | ) | (2,784 | ) | (2,452 | ) | (2,498 | ) | (2,466 | ) | (2,586 | ) | ||||||||||||||
Impairment losses on other assets |
(87 | ) | (71 | ) | (67 | ) | (152 | ) | (60 | ) | (77 | ) | (111 | ) | ||||||||||||||
Other income |
(344 | ) | (427 | ) | (467 | ) | (627 | ) | (440 | ) | (596 | ) | (629 | ) | ||||||||||||||
Ordinary profit before taxes |
2,270 | 2,550 | 2,606 | 2,661 | 2,934 | 2,949 | 2,883 | |||||||||||||||||||||
Tax on profit |
(595 | ) | (694 | ) | (658 | ) | (831 | ) | (904 | ) | (927 | ) | (818 | ) | ||||||||||||||
Ordinary profit from continuing operations |
1,675 | 1,856 | 1,948 | 1,830 | 2,030 | 2,022 | 2,065 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Ordinary consolidated profit |
1,675 | 1,856 | 1,941 | 1,811 | 2,030 | 2,022 | 2,065 | |||||||||||||||||||||
Minority interests |
285 | 325 | 294 | 301 | 345 | 343 | 322 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
1,390 | 1,531 | 1,647 | 1,510 | 1,685 | 1,678 | 1,743 |
NOTE: In the second quarter of 2015 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
5
Exchange rates: 1 euro / currency parity
Average (income statement) | Period-end (balance sheet) | |||||||||||||||||||
9M 15 | 9M 14 | 30.09.15 | 31.12.14 | 30.09.14 | ||||||||||||||||
US$ |
1.113 | 1.354 | 1.120 | 1.214 | 1.258 | |||||||||||||||
Pound sterling |
0.727 | 0.812 | 0.739 | 0.779 | 0.777 | |||||||||||||||
Brazilian real |
3.487 | 3.099 | 4.481 | 3.221 | 3.082 | |||||||||||||||
New mexican peso |
17.321 | 17.766 | 18.977 | 17.868 | 16.998 | |||||||||||||||
Chilean peso |
711.376 | 759.987 | 784.882 | 737.323 | 755.823 | |||||||||||||||
Argentine peso |
9.980 | 10.787 | 10.558 | 10.277 | 10.672 | |||||||||||||||
Polish zloty |
4.155 | 4.175 | 4.245 | 4.273 | 4.178 |
6
Net fees
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Fees from services |
4,580 | 4,303 | 277 | 6.4 | ||||||||||||
Mutual & pension funds |
658 | 667 | (9 | ) | (1.3 | ) | ||||||||||
Securities and custody |
688 | 577 | 110 | 19.1 | ||||||||||||
Insurance |
1,659 | 1,625 | 33 | 2.1 | ||||||||||||
Net fee income |
7,584 | 7,172 | 413 | 5.8 |
7
Operating expenses
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Personnel expenses |
8,308 | 7,543 | 766 | 10.2 | ||||||||||||
General expenses |
6,034 | 5,583 | 451 | 8.1 | ||||||||||||
Information technology |
823 | 680 | 143 | 21.1 | ||||||||||||
Communications |
380 | 381 | (1 | ) | (0.3 | ) | ||||||||||
Advertising |
500 | 454 | 45 | 10.0 | ||||||||||||
Buildings and premises |
1,369 | 1,341 | 28 | 2.1 | ||||||||||||
Printed and office material |
120 | 113 | 7 | 6.6 | ||||||||||||
Taxes (other than profit tax) |
393 | 341 | 52 | 15.3 | ||||||||||||
Other expenses |
2,449 | 2,272 | 177 | 7.8 | ||||||||||||
Personnel and general expenses |
14,342 | 13,125 | 1,217 | 9.3 | ||||||||||||
Depreciation and amortisation |
1,806 | 1,697 | 109 | 6.4 | ||||||||||||
Total operating expenses |
16,149 | 14,822 | 1,326 | 8.9 |
8
Net loan-loss provisions
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Non performing loans |
8,680 | 9,069 | (389 | ) | (4.3 | ) | ||||||||||
Country-risk |
21 | (4 | ) | 25 | | |||||||||||
Recovery of written-off assets |
(1,151 | ) | (956 | ) | (195 | ) | 20.4 | |||||||||
Total |
7,550 | 8,110 | (560 | ) | (6.9 | ) |
9
Balance sheet
EUR million
Variation | ||||||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | 31.12.14 | ||||||||||||||||
Assets |
||||||||||||||||||||
Cash on hand and deposits at central banks |
70,841 | 76,478 | (5,637 | ) | (7.4 | ) | 69,428 | |||||||||||||
Trading portfolio |
149,903 | 142,840 | 7,063 | 4.9 | 148,888 | |||||||||||||||
Debt securities |
43,882 | 58,325 | (14,443 | ) | (24.8 | ) | 54,374 | |||||||||||||
Customer loans |
8,235 | 524 | 7,711 | | 2,921 | |||||||||||||||
Equities |
15,257 | 9,770 | 5,487 | 56.2 | 12,920 | |||||||||||||||
Trading derivatives |
80,425 | 71,533 | 8,892 | 12.4 | 76,858 | |||||||||||||||
Deposits from credit institutions |
2,104 | 2,688 | (583 | ) | (21.7 | ) | 1,815 | |||||||||||||
Other financial assets at fair value |
52,110 | 35,925 | 16,185 | 45.1 | 42,673 | |||||||||||||||
Customer loans |
12,320 | 10,266 | 2,054 | 20.0 | 8,971 | |||||||||||||||
Other (deposits at credit institutions, debt securities and equities |
39,790 | 25,659 | 14,131 | 55.1 | 33,702 | |||||||||||||||
Available-for-sale financial assets |
117,835 | 99,226 | 18,609 | 18.8 | 115,251 | |||||||||||||||
Debt securities |
112,965 | 94,333 | 18,632 | 19.8 | 110,249 | |||||||||||||||
Equities |
4,870 | 4,893 | (23 | ) | (0.5 | ) | 5,001 | |||||||||||||
Loans |
816,665 | 784,406 | 32,259 | 4.1 | 781,635 | |||||||||||||||
Deposits at credit institutions |
50,413 | 65,372 | (14,959 | ) | (22.9 | ) | 51,306 | |||||||||||||
Customer loans |
756,465 | 711,198 | 45,267 | 6.4 | 722,819 | |||||||||||||||
Debt securities |
9,788 | 7,836 | 1,951 | 24.9 | 7,510 | |||||||||||||||
Held-to-maturity investments |
4,405 | | 4,405 | | | |||||||||||||||
Investments |
3,278 | 3,619 | (341 | ) | (9.4 | ) | 3,471 | |||||||||||||
Intangible assets and property and equipment |
27,264 | 21,431 | 5,833 | 27.2 | 26,109 | |||||||||||||||
Goodwill |
26,777 | 27,364 | (587 | ) | (2.1 | ) | 27,548 | |||||||||||||
Other |
51,349 | 49,814 | 1,535 | 3.1 | 51,293 | |||||||||||||||
Total assets |
1,320,427 | 1,241,104 | 79,324 | 6.4 | 1,266,296 | |||||||||||||||
Liabilities and shareholders equity |
||||||||||||||||||||
Trading portfolio |
112,461 | 107,225 | 5,236 | 4.9 | 109,792 | |||||||||||||||
Customer deposits |
9,693 | 9,101 | 592 | 6.5 | 5,544 | |||||||||||||||
Marketable debt securities |
| 197 | (197 | ) | (100.0 | ) | | |||||||||||||
Trading derivatives |
80,572 | 71,858 | 8,714 | 12.1 | 79,048 | |||||||||||||||
Other |
22,195 | 26,068 | (3,873 | ) | (14.9 | ) | 25,200 | |||||||||||||
Other financial liabilities at fair value |
58,601 | 62,969 | (4,367 | ) | (6.9 | ) | 62,318 | |||||||||||||
Customer deposits |
27,094 | 35,247 | (8,152 | ) | (23.1 | ) | 33,127 | |||||||||||||
Marketable debt securities |
3,352 | 4,048 | (696 | ) | (17.2 | ) | 3,830 | |||||||||||||
Due to central banks and credit institutions |
28,155 | 23,674 | 4,481 | 18.9 | 25,360 | |||||||||||||||
Financial liabilities at amortized cost |
1,009,566 | 939,586 | 69,980 | 7.4 | 961,053 | |||||||||||||||
Due to central banks and credit institutions |
141,617 | 106,229 | 35,388 | 33.3 | 122,437 | |||||||||||||||
Customer deposits |
632,449 | 601,983 | 30,466 | 5.1 | 608,956 | |||||||||||||||
Marketable debt securities |
193,905 | 191,349 | 2,555 | 1.3 | 193,059 | |||||||||||||||
Subordinated debt |
19,606 | 17,334 | 2,272 | 13.1 | 17,132 | |||||||||||||||
Other financial liabilities |
21,990 | 22,692 | (702 | ) | (3.1 | ) | 19,468 | |||||||||||||
Insurance liabilities |
644 | 1,671 | (1,027 | ) | (61.5 | ) | 713 | |||||||||||||
Provisions |
13,775 | 14,589 | (814 | ) | (5.6 | ) | 15,376 | |||||||||||||
Other liability accounts |
26,693 | 27,041 | (348 | ) | (1.3 | ) | 27,331 | |||||||||||||
Total liabilities |
1,221,740 | 1,153,081 | 68,659 | 6.0 | 1,176,581 | |||||||||||||||
Shareholders equity |
103,307 | 87,893 | 15,414 | 17.5 | 91,664 | |||||||||||||||
Capital stock |
7,158 | 5,994 | 1,164 | 19.4 | 6,292 | |||||||||||||||
Reserves |
90,924 | 77,764 | 13,159 | 16.9 | 80,026 | |||||||||||||||
Attributable profit to the Group |
5,941 | 4,361 | 1,580 | 36.2 | 5,816 | |||||||||||||||
Less: dividends |
(716 | ) | (226 | ) | (490 | ) | 216.6 | (471 | ) | |||||||||||
Equity adjustments by valuation |
(14,987 | ) | (10,568 | ) | (4,420 | ) | 41.8 | (10,858 | ) | |||||||||||
Minority interests |
10,367 | 10,697 | (330 | ) | (3.1 | ) | 8,909 | |||||||||||||
Total equity |
98,687 | 88,023 | 10,665 | 12.1 | 89,714 | |||||||||||||||
Total liabilities and equity |
1,320,427 | 1,241,104 | 79,324 | 6.4 | 1,266,296 |
10
Balance sheet
EUR million
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Assets |
||||||||||||||||||||||||||||
Cash on hand and deposits at central banks |
82,402 | 83,877 | 76,478 | 69,428 | 67,741 | 67,962 | 70,841 | |||||||||||||||||||||
Trading portfolio |
128,631 | 130,773 | 142,840 | 148,888 | 168,709 | 151,201 | 149,903 | |||||||||||||||||||||
Debt securities |
48,765 | 54,115 | 58,325 | 54,374 | 53,564 | 51,152 | 43,882 | |||||||||||||||||||||
Customer loans |
5,902 | 1,637 | 524 | 2,921 | 5,726 | 5,789 | 8,235 | |||||||||||||||||||||
Equities |
8,200 | 9,400 | 9,770 | 12,920 | 15,412 | 18,272 | 15,257 | |||||||||||||||||||||
Trading derivatives |
60,252 | 64,335 | 71,533 | 76,858 | 89,305 | 72,557 | 80,425 | |||||||||||||||||||||
Deposits from credit institutions |
5,511 | 1,287 | 2,688 | 1,815 | 4,702 | 3,431 | 2,104 | |||||||||||||||||||||
Other financial assets at fair value |
38,992 | 30,421 | 35,925 | 42,673 | 48,892 | 37,245 | 52,110 | |||||||||||||||||||||
Customer loans |
11,054 | 11,031 | 10,266 | 8,971 | 10,201 | 11,307 | 12,320 | |||||||||||||||||||||
Other (deposits at credit institutions, debt securities and equities |
27,939 | 19,390 | 25,659 | 33,702 | 38,691 | 25,938 | 39,790 | |||||||||||||||||||||
Available-for-sale financial assets |
90,889 | 90,636 | 99,226 | 115,251 | 124,536 | 129,035 | 117,835 | |||||||||||||||||||||
Debt securities |
86,849 | 85,773 | 94,333 | 110,249 | 118,974 | 123,988 | 112,965 | |||||||||||||||||||||
Equities |
4,039 | 4,864 | 4,893 | 5,001 | 5,562 | 5,047 | 4,870 | |||||||||||||||||||||
Loans |
731,597 | 755,264 | 784,406 | 781,635 | 847,887 | 844,932 | 816,665 | |||||||||||||||||||||
Deposits at credit institutions |
46,357 | 53,232 | 65,372 | 51,306 | 62,600 | 55,949 | 50,413 | |||||||||||||||||||||
Customer loans |
677,639 | 694,231 | 711,198 | 722,819 | 778,038 | 782,137 | 756,465 | |||||||||||||||||||||
Debt securities |
7,600 | 7,801 | 7,836 | 7,510 | 7,250 | 6,846 | 9,788 | |||||||||||||||||||||
Held-to-maturity investments |
| | | | | | 4,405 | |||||||||||||||||||||
Investments |
3,502 | 3,604 | 3,619 | 3,471 | 3,564 | 3,559 | 3,278 | |||||||||||||||||||||
Intangible assets and property and equipment |
19,035 | 19,739 | 21,431 | 26,109 | 27,238 | 27,112 | 27,264 | |||||||||||||||||||||
Goodwill |
26,056 | 26,663 | 27,364 | 27,548 | 28,667 | 28,594 | 26,777 | |||||||||||||||||||||
Other |
47,738 | 47,191 | 49,814 | 51,293 | 52,455 | 49,736 | 51,349 | |||||||||||||||||||||
Total assets |
1,168,842 | 1,188,169 | 1,241,104 | 1,266,296 | 1,369,689 | 1,339,376 | 1,320,427 | |||||||||||||||||||||
Liabilities and shareholders equity |
||||||||||||||||||||||||||||
Trading portfolio |
105,947 | 96,621 | 107,225 | 109,792 | 125,507 | 107,888 | 112,461 | |||||||||||||||||||||
Customer deposits |
13,197 | 5,250 | 9,101 | 5,544 | 6,794 | 7,635 | 9,693 | |||||||||||||||||||||
Marketable debt securities |
1 | | 197 | | | | | |||||||||||||||||||||
Trading derivatives |
59,664 | 64,255 | 71,858 | 79,048 | 92,439 | 73,750 | 80,572 | |||||||||||||||||||||
Other |
33,084 | 27,116 | 26,068 | 25,200 | 26,273 | 26,503 | 22,195 | |||||||||||||||||||||
Other financial liabilities at fair value |
51,500 | 50,446 | 62,969 | 62,318 | 64,078 | 55,364 | 58,601 | |||||||||||||||||||||
Customer deposits |
33,683 | 32,103 | 35,247 | 33,127 | 40,190 | 31,756 | 27,094 | |||||||||||||||||||||
Marketable debt securities |
5,088 | 3,864 | 4,048 | 3,830 | 3,958 | 4,024 | 3,352 | |||||||||||||||||||||
Deposits at credit institutions |
12,730 | 14,479 | 23,674 | 25,360 | 19,929 | 19,584 | 28,155 | |||||||||||||||||||||
Financial liabilities at amortized cost |
889,288 | 914,107 | 939,586 | 961,053 | 1,031,385 | 1,029,054 | 1,009,566 | |||||||||||||||||||||
Due to central banks and credit institutions |
98,113 | 104,111 | 106,229 | 122,437 | 142,133 | 138,888 | 141,617 | |||||||||||||||||||||
Customer deposits |
573,255 | 580,408 | 601,983 | 608,956 | 640,378 | 648,508 | 632,449 | |||||||||||||||||||||
Marketable debt securities |
179,446 | 187,631 | 191,349 | 193,059 | 204,353 | 196,429 | 193,905 | |||||||||||||||||||||
Subordinated debt |
17,738 | 19,043 | 17,334 | 17,132 | 19,746 | 19,836 | 19,606 | |||||||||||||||||||||
Other financial liabilities |
20,735 | 22,914 | 22,692 | 19,468 | 24,775 | 25,393 | 21,990 | |||||||||||||||||||||
Insurance liabilities |
1,548 | 1,602 | 1,671 | 713 | 670 | 648 | 644 | |||||||||||||||||||||
Provisions |
15,014 | 15,319 | 14,589 | 15,376 | 15,452 | 15,470 | 13,775 | |||||||||||||||||||||
Other liability accounts |
23,286 | 24,619 | 27,041 | 27,331 | 30,492 | 29,000 | 26,693 | |||||||||||||||||||||
Total liabilities |
1,086,583 | 1,102,715 | 1,153,081 | 1,176,581 | 1,267,584 | 1,237,424 | 1,221,740 | |||||||||||||||||||||
Shareholders equity |
85,371 | 86,774 | 87,893 | 91,664 | 99,987 | 101,904 | 103,307 | |||||||||||||||||||||
Capital stock |
5,781 | 5,889 | 5,994 | 6,292 | 7,030 | 7,158 | 7,158 | |||||||||||||||||||||
Reserves |
78,288 | 78,129 | 77,764 | 80,026 | 91,240 | 91,201 | 90,924 | |||||||||||||||||||||
Attributable profit to the Group |
1,303 | 2,756 | 4,361 | 5,816 | 1,717 | 4,261 | 5,941 | |||||||||||||||||||||
Less: dividends |
| | (226 | ) | (471 | ) | | (716 | ) | (716 | ) | |||||||||||||||||
Equity adjustments by valuation |
(13,254 | ) | (11,858 | ) | (10,568 | ) | (10,858 | ) | (8,072 | ) | (10,407 | ) | (14,987 | ) | ||||||||||||||
Minority interests |
10,142 | 10,538 | 10,697 | 8,909 | 10,190 | 10,455 | 10,367 | |||||||||||||||||||||
Total equity |
82,259 | 85,455 | 88,023 | 89,714 | 102,105 | 101,952 | 98,687 | |||||||||||||||||||||
Total liabilities and equity |
1,168,842 | 1,188,169 | 1,241,104 | 1,266,296 | 1,369,689 | 1,339,376 | 1,320,427 |
11
Customer loans
EUR million
Variation | ||||||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | 31.12.14 | ||||||||||||||||
Spanish Public sector |
15,207 | 16,204 | (996 | ) | (6.1 | ) | 17,465 | |||||||||||||
Other residents |
152,196 | 158,190 | (5,994 | ) | (3.8 | ) | 154,905 | |||||||||||||
Commercial bills |
8,228 | 6,459 | 1,769 | 27.4 | 7,293 | |||||||||||||||
Secured loans |
93,404 | 97,753 | (4,349 | ) | (4.4 | ) | 96,426 | |||||||||||||
Other loans |
50,564 | 53,978 | (3,414 | ) | (6.3 | ) | 51,187 | |||||||||||||
Non-resident sector |
635,840 | 575,032 | 60,808 | 10.6 | 589,557 | |||||||||||||||
Secured loans |
398,110 | 351,910 | 46,200 | 13.1 | 369,266 | |||||||||||||||
Other loans |
237,730 | 223,122 | 14,608 | 6.5 | 220,291 | |||||||||||||||
Gross customer loans |
803,243 | 749,426 | 53,817 | 7.2 | 761,928 | |||||||||||||||
Loan-loss allowances |
26,224 | 27,438 | (1,214 | ) | (4.4 | ) | 27,217 | |||||||||||||
Net customer loans |
777,020 | 721,988 | 55,031 | 7.6 | 734,711 | |||||||||||||||
Pro memoria: Doubtful loans |
36,864 | 40,440 | (3,576 | ) | (8.8 | ) | 40,424 | |||||||||||||
Public sector |
190 | 167 | 23 | 13.9 | 167 | |||||||||||||||
Other residents |
17,130 | 20,360 | (3,229 | ) | (15.9 | ) | 19,951 | |||||||||||||
Non-resident sector |
19,544 | 19,914 | (369 | ) | (1.9 | ) | 20,306 |
12
Customer loans
EUR million
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Spanish Public sector |
15,409 | 16,227 | 16,204 | 17,465 | 17,392 | 16,034 | 15,207 | |||||||||||||||||||||
Other residents |
162,693 | 162,352 | 158,190 | 154,905 | 155,846 | 155,774 | 152,196 | |||||||||||||||||||||
Commercial bills |
6,797 | 6,689 | 6,459 | 7,293 | 8,188 | 8,471 | 8,228 | |||||||||||||||||||||
Secured loans |
97,648 | 98,962 | 97,753 | 96,426 | 96,271 | 93,731 | 93,404 | |||||||||||||||||||||
Other loans |
58,248 | 56,701 | 53,978 | 51,187 | 51,387 | 53,571 | 50,564 | |||||||||||||||||||||
Non-resident sector |
543,753 | 555,784 | 575,032 | 589,557 | 648,820 | 654,899 | 635,840 | |||||||||||||||||||||
Secured loans |
323,789 | 339,213 | 351,910 | 369,266 | 403,085 | 410,797 | 398,110 | |||||||||||||||||||||
Other loans |
219,964 | 216,571 | 223,122 | 220,291 | 245,736 | 244,102 | 237,730 | |||||||||||||||||||||
Gross customer loans |
721,856 | 734,363 | 749,426 | 761,928 | 822,059 | 826,707 | 803,243 | |||||||||||||||||||||
Loan-loss allowances |
27,261 | 27,464 | 27,438 | 27,217 | 28,094 | 27,474 | 26,224 | |||||||||||||||||||||
Net customer loans |
694,595 | 706,899 | 721,988 | 734,711 | 793,965 | 799,233 | 777,020 | |||||||||||||||||||||
Pro memoria: Doubtful loans |
41,101 | 40,948 | 40,440 | 40,424 | 40,711 | 39,154 | 36,864 | |||||||||||||||||||||
Public sector |
88 | 126 | 167 | 167 | 169 | 173 | 190 | |||||||||||||||||||||
Other residents |
21,741 | 21,003 | 20,360 | 19,951 | 19,327 | 18,167 | 17,130 | |||||||||||||||||||||
Non-resident sector |
19,272 | 19,819 | 19,914 | 20,306 | 21,215 | 20,814 | 19,544 |
13
Credit risk management *
EUR million
Variation | ||||||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | 31.12.14 | ||||||||||||||||
Non-performing loans |
37,856 | 41,727 | (3,871 | ) | (9.3 | ) | 41,709 | |||||||||||||
NPL ratio (%) |
4.50 | 5.28 | (0.78 p. | ) | 5.19 | |||||||||||||||
Loan-loss allowances |
26,918 | 28,174 | (1,257 | ) | (4.5 | ) | 28,046 | |||||||||||||
Specific |
18,416 | 22,156 | (3,740 | ) | (16.9 | ) | 21,784 | |||||||||||||
Generic |
8,502 | 6,018 | 2,484 | 41.3 | 6,262 | |||||||||||||||
Coverage ratio (%) |
71.1 | 67.5 | 3.6 p. | 67.2 | ||||||||||||||||
Cost of credit (%) ** |
1.26 | 1.52 | (0.26 p. | ) | 1.43 |
(*).- | Excluding country-risk |
(**). - 12 months net loan-loss provisions / average lending
Note: NPL ratio: Non-performing loans / computable assets
14
Credit risk management *
EUR million
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Non-performing loans |
42,300 | 42,334 | 41,727 | 41,709 | 41,919 | 40,273 | 37,856 | |||||||||||||||||||||
NPL ratio (%) |
5.52 | 5.45 | 5.28 | 5.19 | 4.85 | 4.64 | 4.50 | |||||||||||||||||||||
Loan-loss allowances |
28,037 | 28,256 | 28,174 | 28,046 | 28,894 | 28,233 | 26,918 | |||||||||||||||||||||
Specific |
22,562 | 22,660 | 22,156 | 21,784 | 20,427 | 19,444 | 18,416 | |||||||||||||||||||||
Generic |
5,475 | 5,596 | 6,018 | 6,262 | 8,467 | 8,790 | 8,502 | |||||||||||||||||||||
Coverage ratio (%) |
66.3 | 66.8 | 67.5 | 67.2 | 68.9 | 70.1 | 71.1 | |||||||||||||||||||||
Cost of credit (%) ** |
1.65 | 1.56 | 1.52 | 1.43 | 1.38 | 1.32 | 1.26 |
(*).- | Excluding country-risk |
(**).- 12 months net loan-loss provisions / average lending
Note: NPL ratio: Non-performing loans / computable assets
15
Non-performing loans by quarter
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Balance at beginning of period |
42,420 | 42,300 | 42,334 | 41,727 | 41,709 | 41,919 | 40,273 | |||||||||||||||||||||
Net additions |
2,536 | 2,535 | 1,959 | 2,623 | 2,017 | 1,315 | 2,132 | |||||||||||||||||||||
Increase in scope of consolidation |
148 | | | 763 | 54 | 1 | | |||||||||||||||||||||
Exchange differences |
96 | 293 | 463 | (299 | ) | 853 | (36 | ) | (1,849 | ) | ||||||||||||||||||
Write-offs |
(2,900 | ) | (2,793 | ) | (3,029 | ) | (3,105 | ) | (2,715 | ) | (2,925 | ) | (2,699 | ) | ||||||||||||||
Balance at period-end |
42,300 | 42,334 | 41,727 | 41,709 | 41,919 | 40,273 | 37,856 |
16
Managed and marketed customer funds
EUR million
Variation | ||||||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | 31.12.14 | ||||||||||||||||
Resident public sector |
8,886 | 9,689 | (803 | ) | (8.3 | ) | 9,349 | |||||||||||||
Other residents |
164,067 | 162,313 | 1,754 | 1.1 | 163,340 | |||||||||||||||
Demand deposits |
105,730 | 82,530 | 23,200 | 28.1 | 88,312 | |||||||||||||||
Time deposits |
56,134 | 75,837 | (19,703 | ) | (26.0 | ) | 67,495 | |||||||||||||
Other |
2,203 | 3,945 | (1,743 | ) | (44.2 | ) | 7,532 | |||||||||||||
Non-resident sector |
496,283 | 474,329 | 21,954 | 4.6 | 474,939 | |||||||||||||||
Demand deposits |
302,251 | 259,141 | 43,110 | 16.6 | 273,889 | |||||||||||||||
Time deposits |
139,295 | 156,448 | (17,153 | ) | (11.0 | ) | 151,113 | |||||||||||||
Other |
54,736 | 58,739 | (4,003 | ) | (6.8 | ) | 49,937 | |||||||||||||
Customer deposits |
669,236 | 646,331 | 22,906 | 3.5 | 647,628 | |||||||||||||||
Debt securities |
197,257 | 195,595 | 1,662 | 0.8 | 196,890 | |||||||||||||||
Subordinated debt |
19,606 | 17,334 | 2,272 | 13.1 | 17,132 | |||||||||||||||
On-balance-sheet customer funds |
886,099 | 859,259 | 26,840 | 3.1 | 861,649 | |||||||||||||||
Mutual funds |
122,365 | 124,911 | (2,545 | ) | (2.0 | ) | 124,708 | |||||||||||||
Pension funds |
11,220 | 11,341 | (120 | ) | (1.1 | ) | 11,481 | |||||||||||||
Managed portfolios |
25,828 | 24,923 | 906 | 3.6 | 25,599 | |||||||||||||||
Other managed and marketed customer funds |
159,414 | 161,174 | (1,760 | ) | (1.1 | ) | 161,788 | |||||||||||||
Managed and marketed customer funds |
1,045,513 | 1,020,433 | 25,080 | 2.5 | 1,023,437 |
17
Managed and marketed customer funds
EUR million
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Resident public sector |
7,856 | 7,357 | 9,689 | 9,349 | 12,706 | 8,526 | 8,886 | |||||||||||||||||||||
Other residents |
158,292 | 163,548 | 162,313 | 163,340 | 163,702 | 164,045 | 164,067 | |||||||||||||||||||||
Demand deposits |
76,468 | 79,661 | 82,530 | 88,312 | 94,580 | 102,770 | 105,730 | |||||||||||||||||||||
Time deposits |
76,823 | 77,913 | 75,837 | 67,495 | 65,118 | 58,925 | 56,134 | |||||||||||||||||||||
Other |
5,000 | 5,974 | 3,945 | 7,532 | 4,005 | 2,350 | 2,203 | |||||||||||||||||||||
Non-resident sector |
453,988 | 446,855 | 474,329 | 474,939 | 510,954 | 515,328 | 496,283 | |||||||||||||||||||||
Demand deposits |
232,123 | 244,068 | 259,141 | 273,889 | 299,008 | 309,849 | 302,251 | |||||||||||||||||||||
Time deposits |
163,845 | 155,736 | 156,448 | 151,113 | 156,089 | 149,958 | 139,295 | |||||||||||||||||||||
Other |
58,020 | 47,052 | 58,739 | 49,937 | 55,856 | 55,521 | 54,736 | |||||||||||||||||||||
Customer deposits |
620,135 | 617,761 | 646,331 | 647,628 | 687,362 | 687,900 | 669,236 | |||||||||||||||||||||
Debt securities |
184,534 | 191,495 | 195,595 | 196,890 | 208,312 | 200,453 | 197,257 | |||||||||||||||||||||
Subordinated debt |
17,738 | 19,043 | 17,334 | 17,132 | 19,746 | 19,836 | 19,606 | |||||||||||||||||||||
On-balance-sheet customer funds |
822,408 | 828,299 | 859,259 | 861,649 | 915,419 | 908,189 | 886,099 | |||||||||||||||||||||
Mutual funds |
111,392 | 119,739 | 124,911 | 124,708 | 135,254 | 135,582 | 122,365 | |||||||||||||||||||||
Pension funds |
11,064 | 11,258 | 11,341 | 11,481 | 11,960 | 11,503 | 11,220 | |||||||||||||||||||||
Managed portfolios |
21,839 | 23,198 | 24,923 | 25,599 | 28,541 | 27,675 | 25,828 | |||||||||||||||||||||
Other managed and marketed customer funds |
144,296 | 154,195 | 161,174 | 161,788 | 175,755 | 174,760 | 159,414 | |||||||||||||||||||||
Managed and marketed customer funds |
966,704 | 982,494 | 1,020,433 | 1,023,437 | 1,091,174 | 1,082,948 | 1,045,513 |
18
Eligible capital. September 2015
EUR million
Phase-in | Fully loaded | |||||||
CET1 |
72,576 | 57,577 | ||||||
Basic capital |
72,576 | 63,196 | ||||||
Eligible capital |
82,842 | 74,519 | ||||||
Risk-weighted assets |
585,816 | 584,322 | ||||||
CET1 capital ratio |
12.39 | 9.85 | ||||||
T1 capital ratio |
12.39 | 10.82 | ||||||
BIS ratio |
14.14 | 12.75 |
19
Eligible capital (fully loaded)*
EUR million
Variation | ||||||||||||||||
30.09.15 | 31.12.14 | Amount | % | |||||||||||||
Capital stock and reserves |
98,328 | 93,748 | 4,580 | 4.9 | ||||||||||||
Attributable profit |
5,941 | 5,816 | 125 | 2.2 | ||||||||||||
Dividends |
(1,725 | ) | (1,014 | ) | (711 | ) | 70.1 | |||||||||
Other retained earnings |
(16,305 | ) | (11,468 | ) | (4,837 | ) | 42.2 | |||||||||
Minority interests |
5,375 | 4,131 | 1,244 | 30.1 | ||||||||||||
Goodwill and intangible assets |
(28,515 | ) | (29,164 | ) | 649 | (2.2 | ) | |||||||||
Treasury stock and other deductios |
(5,522 | ) | (5,767 | ) | 245 | (4.3 | ) | |||||||||
Core CET1 |
57,577 | 56,282 | 1,295 | 2.3 | ||||||||||||
Preferred shares and other eligibles T1 |
5,619 | 4,728 | 891 | 18.9 | ||||||||||||
Tier 1 |
63,196 | 61,010 | 2,186 | 3.6 | ||||||||||||
Generic funds and eligible T2 instruments |
11,322 | 7,561 | 3,761 | 49.7 | ||||||||||||
Eligible capital |
74,519 | 68,571 | 5,948 | 8.7 | ||||||||||||
Risk-weighted assets |
584,322 | 583,366 | 956 | 0.2 | ||||||||||||
CET1 capital ratio |
9.85 | 9.65 | 0.20 | |||||||||||||
T1 capital ratio |
10.82 | 10.46 | 0.36 | |||||||||||||
BIS ratio |
12.75 | 11.75 | 1.00 |
(*).- | In 2014, pro-forma data taking into account the January 2015 capital increase |
20
Key data by principal segments
Net operating income | Ordinary profit to the Group * | Efficiency ratio (%) | Ordinary ROE (%) * | |||||||||||||||||||||||||||||||||||||
9M 15 | 9M 14 | Var (%) | 9M 15 | 9M 14 | Var (%) | 9M 15 | 9M 14 | 9M 15 | 9M 14 | |||||||||||||||||||||||||||||||
Income statement (EUR million) |
||||||||||||||||||||||||||||||||||||||||
Continental Europe |
4,843 | 4,424 | 9.5 | 1,825 | 1,043 | 74.9 | 51.0 | 52.2 | 7.93 | 4.96 | ||||||||||||||||||||||||||||||
o/w: Spain |
2,268 | 2,313 | (1.9 | ) | 883 | 538 | 64.2 | 53.2 | 53.2 | 10.06 | 6.48 | |||||||||||||||||||||||||||||
Santander Consumer Finance |
1,662 | 1,292 | 28.7 | 702 | 550 | 27.6 | 44.0 | 45.7 | 12.12 | 10.28 | ||||||||||||||||||||||||||||||
Poland |
534 | 582 | (8.2 | ) | 243 | 262 | (7.0 | ) | 45.8 | 43.1 | 13.62 | 15.94 | ||||||||||||||||||||||||||||
Portugal |
328 | 325 | 0.9 | 181 | 113 | 60.5 | 52.9 | 53.2 | 10.02 | 6.54 | ||||||||||||||||||||||||||||||
United Kingdom |
2,271 | 1,954 | 16.2 | 1,496 | 1,170 | 27.9 | 52.5 | 52.4 | 12.60 | 11.41 | ||||||||||||||||||||||||||||||
Latin America * |
8,392 | 8,048 | 4.3 | 2,500 | 2,114 | 18.3 | 41.6 | 41.8 | 14.85 | 14.38 | ||||||||||||||||||||||||||||||
o/w: Brazil * |
5,251 | 5,292 | (0.8 | ) | 1,315 | 1,076 | 22.1 | 39.3 | 40.8 | 13.77 | 12.82 | |||||||||||||||||||||||||||||
Mexico |
1,431 | 1,284 | 11.5 | 456 | 434 | 5.0 | 42.0 | 42.6 | 12.51 | 12.67 | ||||||||||||||||||||||||||||||
Chile |
1,049 | 949 | 10.6 | 378 | 339 | 11.5 | 41.5 | 40.2 | 16.97 | 18.11 | ||||||||||||||||||||||||||||||
USA |
3,622 | 2,751 | 31.7 | 660 | 597 | 10.6 | 37.8 | 37.0 | 7.88 | 7.32 | ||||||||||||||||||||||||||||||
Operating areas * |
19,127 | 17,177 | 11.4 | 6,481 | 4,924 | 31.6 | 45.1 | 45.6 | 10.78 | 9.09 | ||||||||||||||||||||||||||||||
Corporate Centre |
(898 | ) | (428 | ) | 109.9 | (1,375 | ) | (563 | ) | 144.3 | ||||||||||||||||||||||||||||||
Total Group * |
18,229 | 16,750 | 8.8 | 5,106 | 4,361 | 17.1 | 47.0 | 46.9 | 7.49 | 7.19 | ||||||||||||||||||||||||||||||
(*).- In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
|
| |||||||||||||||||||||||||||||||||||||||
Net customer loans | Customer deposits | NPL ratio (%) | NPL coverage (%) | |||||||||||||||||||||||||||||||||||||
30.09.15 | 30.09.14 | Var (%) | 30.09.15 | 30.09.14 | Var (%) | 30.09.15 | 30.09.14 | 30.09.15 | 30.09.14 | |||||||||||||||||||||||||||||||
Activity (EUR million) |
||||||||||||||||||||||||||||||||||||||||
Continental Europe |
278,723 | 265,807 | 4.9 | 263,013 | 260,302 | 1.0 | 7.89 | 8.92 | 60.4 | 58.1 | ||||||||||||||||||||||||||||||
o/w: Spain |
156,121 | 156,390 | (0.2 | ) | 181,636 | 182,273 | (0.3 | ) | 6.61 | 7.57 | 47.8 | 45.5 | ||||||||||||||||||||||||||||
Santander Consumer Finance |
70,067 | 58,596 | 19.6 | 31,789 | 30,571 | 4.0 | 4.15 | 3.97 | 107.2 | 106.4 | ||||||||||||||||||||||||||||||
Poland |
18,466 | 17,217 | 7.3 | 20,404 | 20,224 | 0.9 | 7.14 | 7.43 | 63.1 | 65.8 | ||||||||||||||||||||||||||||||
Portugal |
23,029 | 23,333 | (1.3 | ) | 24,091 | 24,131 | (0.2 | ) | 8.86 | 8.49 | 56.2 | 53.9 | ||||||||||||||||||||||||||||
United Kingdom |
284,003 | 248,940 | 14.1 | 227,212 | 203,721 | 11.5 | 1.51 | 1.80 | 39.6 | 43.4 | ||||||||||||||||||||||||||||||
Latin America |
129,593 | 136,111 | (4.8 | ) | 118,044 | 131,120 | (10.0 | ) | 4.65 | 5.13 | 85.4 | 83.4 | ||||||||||||||||||||||||||||
o/w: Brazil |
58,227 | 72,918 | (20.1 | ) | 54,847 | 70,892 | (22.6 | ) | 5.30 | 5.64 | 96.0 | 91.4 | ||||||||||||||||||||||||||||
Mexico |
28,198 | 26,162 | 7.8 | 26,540 | 28,691 | (7.5 | ) | 3.54 | 3.74 | 93.0 | 90.1 | |||||||||||||||||||||||||||||
Chile |
31,874 | 29,057 | 9.7 | 23,211 | 21,294 | 9.0 | 5.60 | 5.98 | 52.8 | 52.3 | ||||||||||||||||||||||||||||||
USA |
80,789 | 66,782 | 21.0 | 58,970 | 49,556 | 19.0 | 2.20 | 2.57 | 218.3 | 183.7 | ||||||||||||||||||||||||||||||
Operating areas |
773,108 | 717,640 | 7.7 | 667,240 | 644,698 | 3.5 | 4.52 | 5.29 | 70.5 | 67.0 | ||||||||||||||||||||||||||||||
Total Group |
777,020 | 721,988 | 7.6 | 669,236 | 646,331 | 3.5 | 4.50 | 5.28 | 71.1 | 67.5 |
Employees | Branches | |||||||||||||||
30.09.15 | 30.09.14 | 30.09.15 | 30.09.14 | |||||||||||||
Operating means |
||||||||||||||||
Continental Europe |
56,704 | 56,177 | 5,424 | 5,616 | ||||||||||||
o/w: Spain |
24,231 | 25,135 | 3,487 | 3,611 | ||||||||||||
Santander Consumer Finance |
14,138 | 12,345 | 592 | 572 | ||||||||||||
Poland |
11,626 | 11,933 | 752 | 803 | ||||||||||||
Portugal |
5,423 | 5,552 | 575 | 620 | ||||||||||||
United Kingdom |
26,154 | 25,384 | 882 | 942 | ||||||||||||
Latin America |
88,893 | 83,378 | 5,812 | 5,689 | ||||||||||||
o/w: Brazil |
48,955 | 46,687 | 3,436 | 3,427 | ||||||||||||
Mexico |
17,704 | 15,912 | 1,354 | 1,299 | ||||||||||||
Chile |
12,334 | 12,135 | 476 | 476 | ||||||||||||
USA |
17,592 | 16,562 | 783 | 812 | ||||||||||||
Operating areas |
189,343 | 181,501 | 12,901 | 13,059 | ||||||||||||
Corporate Centre |
2,161 | 2,033 | ||||||||||||||
Total Group |
191,504 | 183,534 | 12,901 | 13,059 |
21
Operating areas
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
24,792 | 22,331 | 2,461 | 11.0 | ||||||||||||
Net fees |
7,592 | 7,187 | 405 | 5.6 | ||||||||||||
Gains (losses) on financial transactions |
1,668 | 1,692 | (25 | ) | (1.5 | ) | ||||||||||
Other operating income * |
789 | 352 | 437 | 124.0 | ||||||||||||
Gross income |
34,841 | 31,563 | 3,278 | 10.4 | ||||||||||||
Operating expenses |
(15,714 | ) | (14,386 | ) | (1,328 | ) | 9.2 | |||||||||
General administrative expenses |
(14,405 | ) | (13,109 | ) | (1,296 | ) | 9.9 | |||||||||
Personnel |
(7,722 | ) | (7,107 | ) | (616 | ) | 8.7 | |||||||||
Other general administrative expenses |
(6,683 | ) | (6,002 | ) | (681 | ) | 11.3 | |||||||||
Depreciation and amortisation |
(1,308 | ) | (1,277 | ) | (32 | ) | 2.5 | |||||||||
Net operating income |
19,127 | 17,177 | 1,950 | 11.4 | ||||||||||||
Net loan-loss provisions |
(7,550 | ) | (8,110 | ) | 560 | (6.9 | ) | |||||||||
Other income |
(1,535 | ) | (1,372 | ) | (163 | ) | 11.9 | |||||||||
Ordinary profit before taxes |
10,042 | 7,695 | 2,347 | 30.5 | ||||||||||||
Tax on profit |
(2,578 | ) | (1,873 | ) | (704 | ) | 37.6 | |||||||||
Ordinary profit from continuing operations |
7,464 | 5,822 | 1,642 | 28.2 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Ordinary consolidated profit |
7,464 | 5,815 | 1,649 | 28.4 | ||||||||||||
Minority interests |
983 | 892 | 92 | 10.3 | ||||||||||||
Ordinary attributable profit to the Group |
6,481 | 4,924 | 1,557 | 31.6 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
773,108 | 717,640 | 55,468 | 7.7 | ||||||||||||
Trading portfolio (w/o loans) |
139,151 | 136,469 | 2,682 | 2.0 | ||||||||||||
Available-for-sale financial assets |
114,250 | 96,988 | 17,261 | 17.8 | ||||||||||||
Due from credit institutions ** |
132,666 | 113,863 | 18,804 | 16.5 | ||||||||||||
Intangible assets and property and equipment |
26,216 | 20,741 | 5,474 | 26.4 | ||||||||||||
Other assets |
117,334 | 114,998 | 2,336 | 2.0 | ||||||||||||
Total assets/liabilities & shareholders equity |
1,302,725 | 1,200,700 | 102,025 | 8.5 | ||||||||||||
Customer deposits ** |
667,240 | 644,698 | 22,541 | 3.5 | ||||||||||||
Marketable debt securities ** |
172,809 | 169,655 | 3,154 | 1.9 | ||||||||||||
Subordinated debt ** |
11,252 | 13,853 | (2,600 | ) | (18.8 | ) | ||||||||||
Insurance liabilities |
644 | 1,671 | (1,027 | ) | (61.5 | ) | ||||||||||
Due to credit institutions ** |
216,757 | 147,170 | 69,587 | 47.3 | ||||||||||||
Other liabilities |
153,095 | 148,573 | 4,521 | 3.0 | ||||||||||||
Stockholders equity *** |
80,928 | 75,079 | 5,849 | 7.8 | ||||||||||||
Other managed and marketed customer funds |
159,414 | 161,174 | (1,760 | ) | (1.1 | ) | ||||||||||
Mutual funds |
122,365 | 124,911 | (2,545 | ) | (2.0 | ) | ||||||||||
Pension funds |
11,220 | 11,341 | (120 | ) | (1.1 | ) | ||||||||||
Managed portfolios |
25,828 | 24,923 | 906 | 3.6 | ||||||||||||
Managed and marketed customer funds |
1,010,715 | 989,379 | 21,335 | 2.2 |
(**).- | Including all on-balance sheet balances for this item |
(***).- | Capital + reserves + profit + valuation adjustments |
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
Ratios (%) and other data |
||||||||||||||||
ROE |
10.78 | 9.09 | 1.69 p. | |||||||||||||
Efficiency ratio (with amortisations) |
45.1 | 45.6 | (0.5 p. | ) | ||||||||||||
NPL ratio |
4.52 | 5.29 | (0.77 p. | ) | ||||||||||||
NPL coverage |
70.5 | 67.0 | 3.5 p. | |||||||||||||
Number of employees |
189,343 | 181,501 | 7,842 | 4.3 | ||||||||||||
Number of branches |
12,901 | 13,059 | (158 | ) | (1.2 | ) |
22
Operating areas
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
7,225 | 7,523 | 7,583 | 7,829 | 8,259 | 8,413 | 8,121 | |||||||||||||||||||||
Net fees |
2,338 | 2,407 | 2,442 | 2,542 | 2,526 | 2,592 | 2,474 | |||||||||||||||||||||
Gains (losses) on financial transactions |
552 | 426 | 714 | 458 | 684 | 440 | 544 | |||||||||||||||||||||
Other operating income * |
34 | 214 | 105 | 189 | 205 | 351 | 233 | |||||||||||||||||||||
Gross income |
10,149 | 10,570 | 10,844 | 11,017 | 11,674 | 11,795 | 11,372 | |||||||||||||||||||||
Operating expenses |
(4,702 | ) | (4,760 | ) | (4,924 | ) | (5,067 | ) | (5,235 | ) | (5,279 | ) | (5,200 | ) | ||||||||||||||
General administrative expenses |
(4,246 | ) | (4,362 | ) | (4,501 | ) | (4,628 | ) | (4,809 | ) | (4,825 | ) | (4,772 | ) | ||||||||||||||
Personnel |
(2,300 | ) | (2,363 | ) | (2,444 | ) | (2,503 | ) | (2,561 | ) | (2,638 | ) | (2,524 | ) | ||||||||||||||
Other general administrative expenses |
(1,946 | ) | (1,998 | ) | (2,058 | ) | (2,125 | ) | (2,248 | ) | (2,187 | ) | (2,247 | ) | ||||||||||||||
Depreciation and amortisation |
(456 | ) | (398 | ) | (422 | ) | (439 | ) | (426 | ) | (454 | ) | (428 | ) | ||||||||||||||
Net operating income |
5,446 | 5,810 | 5,921 | 5,950 | 6,438 | 6,517 | 6,172 | |||||||||||||||||||||
Net loan-loss provisions |
(2,697 | ) | (2,637 | ) | (2,777 | ) | (2,454 | ) | (2,562 | ) | (2,510 | ) | (2,478 | ) | ||||||||||||||
Other income |
(406 | ) | (460 | ) | (505 | ) | (468 | ) | (417 | ) | (551 | ) | (568 | ) | ||||||||||||||
Ordinary profit before taxes |
2,343 | 2,713 | 2,638 | 3,029 | 3,460 | 3,456 | 3,126 | |||||||||||||||||||||
Tax on profit |
(577 | ) | (677 | ) | (619 | ) | (675 | ) | (927 | ) | (907 | ) | (743 | ) | ||||||||||||||
Ordinary profit from continuing operations |
1,767 | 2,036 | 2,019 | 2,354 | 2,533 | 2,549 | 2,383 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Ordinary consolidated profit |
1,767 | 2,036 | 2,013 | 2,335 | 2,533 | 2,549 | 2,383 | |||||||||||||||||||||
Minority interests |
277 | 318 | 297 | 291 | 324 | 351 | 309 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
1,489 | 1,718 | 1,716 | 2,043 | 2,209 | 2,198 | 2,074 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
688,025 | 702,679 | 717,640 | 730,301 | 788,337 | 793,222 | 773,108 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
114,653 | 125,128 | 136,469 | 142,031 | 155,363 | 139,904 | 139,151 | |||||||||||||||||||||
Available-for-sale financial assets |
88,974 | 88,206 | 96,988 | 111,952 | 121,160 | 125,314 | 114,250 | |||||||||||||||||||||
Due from credit institutions ** |
105,998 | 96,069 | 113,863 | 106,259 | 129,653 | 113,202 | 132,666 | |||||||||||||||||||||
Intangible assets and property and equipment |
18,535 | 19,088 | 20,741 | 25,312 | 26,426 | 26,288 | 26,216 | |||||||||||||||||||||
Other assets |
117,413 | 116,029 | 114,998 | 111,498 | 115,523 | 105,130 | 117,334 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
1,133,598 | 1,147,198 | 1,200,700 | 1,227,354 | 1,336,462 | 1,303,060 | 1,302,725 | |||||||||||||||||||||
Customer deposits ** |
618,791 | 616,217 | 644,698 | 642,367 | 684,808 | 685,723 | 667,240 | |||||||||||||||||||||
Marketable debt securities ** |
155,756 | 163,197 | 169,655 | 171,932 | 181,901 | 178,233 | 172,809 | |||||||||||||||||||||
Subordinated debt ** |
13,565 | 13,780 | 13,853 | 13,025 | 13,890 | 12,975 | 11,252 | |||||||||||||||||||||
Insurance liabilities |
1,548 | 1,602 | 1,671 | 713 | 670 | 648 | 644 | |||||||||||||||||||||
Due to credit institutions ** |
142,385 | 141,670 | 147,170 | 170,763 | 201,645 | 190,375 | 216,757 | |||||||||||||||||||||
Other liabilities |
129,158 | 137,235 | 148,573 | 149,679 | 174,028 | 153,987 | 153,095 | |||||||||||||||||||||
Stockholders equity *** |
72,394 | 73,496 | 75,079 | 78,875 | 79,520 | 81,120 | 80,928 | |||||||||||||||||||||
Other managed and marketed customer funds |
144,296 | 154,195 | 161,174 | 161,788 | 175,755 | 174,760 | 159,414 | |||||||||||||||||||||
Mutual funds |
111,392 | 119,739 | 124,911 | 124,708 | 135,254 | 135,582 | 122,365 | |||||||||||||||||||||
Pension funds |
11,064 | 11,258 | 11,341 | 11,481 | 11,960 | 11,503 | 11,220 | |||||||||||||||||||||
Managed portfolios |
21,839 | 23,198 | 24,923 | 25,599 | 28,541 | 27,675 | 25,828 | |||||||||||||||||||||
Managed and marketed customer funds |
932,408 | 947,389 | 989,379 | 989,112 | 1,056,354 | 1,051,690 | 1,010,715 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
Other information |
||||||||||||||||||||||||||||
NPL ratio |
5.54 | 5.46 | 5.29 | 5.19 | 4.87 | 4.68 | 4.52 | |||||||||||||||||||||
NPL coverage |
66.0 | 66.4 | 67.0 | 66.6 | 68.3 | 69.4 | 70.5 | |||||||||||||||||||||
Cost of credit |
1.61 | 1.55 | 1.50 | 1.44 | 1.38 | 1.33 | 1.27 |
23
Operating areas
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
24,792 | 22,889 | 1,904 | 8.3 | ||||||||||||
Net fees |
7,592 | 7,248 | 344 | 4.7 | ||||||||||||
Gains (losses) on financial transactions |
1,668 | 1,753 | (86 | ) | (4.9 | ) | ||||||||||
Other operating income * |
789 | 368 | 421 | 114.6 | ||||||||||||
Gross income |
34,841 | 32,258 | 2,583 | 8.0 | ||||||||||||
Operating expenses |
(15,714 | ) | (14,702 | ) | (1,012 | ) | 6.9 | |||||||||
General administrative expenses |
(14,405 | ) | (13,400 | ) | (1,005 | ) | 7.5 | |||||||||
Personnel |
(7,722 | ) | (7,289 | ) | (433 | ) | 5.9 | |||||||||
Other general administrative expenses |
(6,683 | ) | (6,111 | ) | (572 | ) | 9.4 | |||||||||
Depreciation and amortisation |
(1,308 | ) | (1,302 | ) | (7 | ) | 0.5 | |||||||||
Net operating income |
19,127 | 17,556 | 1,571 | 9.0 | ||||||||||||
Net loan-loss provisions |
(7,550 | ) | (8,238 | ) | 688 | (8.3 | ) | |||||||||
Other income |
(1,535 | ) | (1,336 | ) | (199 | ) | 14.9 | |||||||||
Ordinary profit before taxes |
10,042 | 7,982 | 2,060 | 25.8 | ||||||||||||
Tax on profit |
(2,578 | ) | (1,939 | ) | (639 | ) | 32.9 | |||||||||
Ordinary profit from continuing operations |
7,464 | 6,043 | 1,422 | 23.5 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Ordinary consolidated profit |
7,464 | 6,036 | 1,428 | 23.7 | ||||||||||||
Minority interests |
983 | 904 | 79 | 8.7 | ||||||||||||
Ordinary attributable profit to the Group |
6,481 | 5,131 | 1,349 | 26.3 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
773,108 | 711,256 | 61,853 | 8.7 | ||||||||||||
Trading portfolio (w/o loans) |
139,151 | 131,776 | 7,374 | 5.6 | ||||||||||||
Available-for-sale financial assets |
114,250 | 93,602 | 20,647 | 22.1 | ||||||||||||
Due from credit institutions ** |
132,666 | 109,532 | 23,135 | 21.1 | ||||||||||||
Intangible assets and property and equipment |
26,216 | 20,778 | 5,438 | 26.2 | ||||||||||||
Other assets |
117,334 | 107,840 | 9,494 | 8.8 | ||||||||||||
Total assets/liabilities & shareholders equity |
1,302,725 | 1,174,784 | 127,941 | 10.9 | ||||||||||||
Customer deposits ** |
667,240 | 635,039 | 32,201 | 5.1 | ||||||||||||
Marketable debt securities ** |
172,809 | 167,019 | 5,790 | 3.5 | ||||||||||||
Subordinated debt ** |
11,252 | 12,750 | (1,498 | ) | (11.8 | ) | ||||||||||
Insurance liabilities |
644 | 1,670 | (1,026 | ) | (61.4 | ) | ||||||||||
Due to credit institutions ** |
216,757 | 143,838 | 72,919 | 50.7 | ||||||||||||
Other liabilities |
153,095 | 141,288 | 11,807 | 8.4 | ||||||||||||
Stockholders equity *** |
80,928 | 73,179 | 7,748 | 10.6 | ||||||||||||
Other managed and marketed customer funds |
159,417 | 146,216 | 13,201 | 9.0 | ||||||||||||
Mutual funds |
122,365 | 109,487 | 12,879 | 11.8 | ||||||||||||
Pension funds |
11,220 | 11,341 | (120 | ) | (1.1 | ) | ||||||||||
Managed portfolios |
25,828 | 25,389 | 439 | 1.7 | ||||||||||||
Managed and marketed customer funds |
1,010,717 | 961,024 | 49,693 | 5.2 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
24
Operating areas
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
7,528 | 7,707 | 7,654 | 7,931 | 8,095 | 8,288 | 8,409 | |||||||||||||||||||||
Net fees |
2,395 | 2,427 | 2,426 | 2,536 | 2,471 | 2,557 | 2,565 | |||||||||||||||||||||
Gains (losses) on financial transactions |
577 | 455 | 722 | 475 | 681 | 433 | 554 | |||||||||||||||||||||
Other operating income * |
39 | 218 | 111 | 196 | 206 | 348 | 235 | |||||||||||||||||||||
Gross income |
10,538 | 10,806 | 10,913 | 11,137 | 11,453 | 11,626 | 11,763 | |||||||||||||||||||||
Operating expenses |
(4,878 | ) | (4,864 | ) | (4,960 | ) | (5,120 | ) | (5,149 | ) | (5,209 | ) | (5,355 | ) | ||||||||||||||
General administrative expenses |
(4,403 | ) | (4,459 | ) | (4,538 | ) | (4,675 | ) | (4,731 | ) | (4,762 | ) | (4,912 | ) | ||||||||||||||
Personnel |
(2,392 | ) | (2,424 | ) | (2,473 | ) | (2,537 | ) | (2,519 | ) | (2,602 | ) | (2,601 | ) | ||||||||||||||
Other general administrative expenses |
(2,011 | ) | (2,035 | ) | (2,065 | ) | (2,138 | ) | (2,212 | ) | (2,160 | ) | (2,311 | ) | ||||||||||||||
Depreciation and amortisation |
(475 | ) | (405 | ) | (422 | ) | (444 | ) | (418 | ) | (448 | ) | (443 | ) | ||||||||||||||
Net operating income |
5,660 | 5,943 | 5,953 | 6,018 | 6,303 | 6,416 | 6,408 | |||||||||||||||||||||
Net loan-loss provisions |
(2,791 | ) | (2,664 | ) | (2,784 | ) | (2,454 | ) | (2,497 | ) | (2,468 | ) | (2,585 | ) | ||||||||||||||
Other income |
(404 | ) | (450 | ) | (482 | ) | (454 | ) | (402 | ) | (541 | ) | (592 | ) | ||||||||||||||
Ordinary profit before taxes |
2,465 | 2,829 | 2,688 | 3,110 | 3,404 | 3,407 | 3,231 | |||||||||||||||||||||
Tax on profit |
(603 | ) | (707 | ) | (629 | ) | (692 | ) | (909 | ) | (895 | ) | (774 | ) | ||||||||||||||
Ordinary profit from continuing operations |
1,862 | 2,121 | 2,059 | 2,418 | 2,496 | 2,512 | 2,457 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Ordinary consolidated profit |
1,862 | 2,121 | 2,053 | 2,399 | 2,496 | 2,512 | 2,457 | |||||||||||||||||||||
Minority interests |
285 | 325 | 294 | 301 | 319 | 344 | 320 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
1,577 | 1,796 | 1,759 | 2,098 | 2,177 | 2,168 | 2,137 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
707,697 | 709,990 | 711,256 | 725,234 | 753,237 | 759,508 | 773,108 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
115,172 | 122,060 | 131,776 | 138,686 | 148,738 | 133,343 | 139,151 | |||||||||||||||||||||
Available-for-sale financial assets |
85,826 | 84,405 | 93,602 | 106,788 | 113,931 | 118,192 | 114,250 | |||||||||||||||||||||
Due from credit institutions ** |
106,035 | 94,728 | 109,532 | 103,882 | 124,514 | 108,461 | 132,666 | |||||||||||||||||||||
Intangible assets and property and equipment |
18,722 | 19,374 | 20,778 | 25,289 | 25,253 | 25,462 | 26,216 | |||||||||||||||||||||
Other assets |
115,300 | 110,506 | 107,840 | 105,791 | 106,216 | 96,807 | 117,334 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
1,148,752 | 1,141,063 | 1,174,784 | 1,205,670 | 1,271,889 | 1,241,773 | 1,302,725 | |||||||||||||||||||||
Customer deposits ** |
630,722 | 617,203 | 635,039 | 634,928 | 654,360 | 656,503 | 667,240 | |||||||||||||||||||||
Marketable debt securities ** |
160,087 | 163,954 | 167,019 | 170,179 | 173,079 | 168,654 | 172,809 | |||||||||||||||||||||
Subordinated debt ** |
12,964 | 12,738 | 12,750 | 12,036 | 12,464 | 11,593 | 11,252 | |||||||||||||||||||||
Insurance liabilities |
1,547 | 1,601 | 1,670 | 713 | 670 | 648 | 644 | |||||||||||||||||||||
Due to credit institutions ** |
144,161 | 140,946 | 143,838 | 166,465 | 192,556 | 182,144 | 216,757 | |||||||||||||||||||||
Other liabilities |
126,087 | 131,442 | 141,288 | 144,740 | 164,188 | 145,609 | 153,095 | |||||||||||||||||||||
Stockholders equity *** |
73,185 | 73,179 | 73,179 | 76,608 | 74,571 | 76,622 | 80,928 | |||||||||||||||||||||
Other managed and marketed customer funds |
133,903 | 140,636 | 146,216 | 148,641 | 161,056 | 161,331 | 159,417 | |||||||||||||||||||||
Mutual funds |
99,542 | 104,802 | 109,487 | 111,429 | 122,156 | 123,095 | 122,365 | |||||||||||||||||||||
Pension funds |
11,064 | 11,258 | 11,341 | 11,481 | 11,960 | 11,503 | 11,220 | |||||||||||||||||||||
Managed portfolios |
23,296 | 24,576 | 25,389 | 25,731 | 26,940 | 26,733 | 25,828 | |||||||||||||||||||||
Managed and marketed customer funds |
937,676 | 934,531 | 961,024 | 965,785 | 1,000,960 | 998,081 | 1,010,717 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
25
Continental Europe
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
6,050 | 5,549 | 500 | 9.0 | ||||||||||||
Net fees |
2,576 | 2,636 | (61 | ) | (2.3 | ) | ||||||||||
Gains (losses) on financial transactions |
815 | 893 | (78 | ) | (8.7 | ) | ||||||||||
Other operating income * |
439 | 175 | 264 | 150.3 | ||||||||||||
Gross income |
9,880 | 9,254 | 625 | 6.8 | ||||||||||||
Operating expenses |
(5,037 | ) | (4,830 | ) | (207 | ) | 4.3 | |||||||||
General administrative expenses |
(4,683 | ) | (4,476 | ) | (207 | ) | 4.6 | |||||||||
Personnel |
(2,410 | ) | (2,335 | ) | (75 | ) | 3.2 | |||||||||
Other general administrative expenses |
(2,273 | ) | (2,141 | ) | (132 | ) | 6.2 | |||||||||
Depreciation and amortisation |
(354 | ) | (354 | ) | (0 | ) | 0.0 | |||||||||
Net operating income |
4,843 | 4,424 | 418 | 9.5 | ||||||||||||
Net loan-loss provisions |
(1,643 | ) | (2,297 | ) | 654 | (28.5 | ) | |||||||||
Other income |
(462 | ) | (600 | ) | 138 | (22.9 | ) | |||||||||
Profit before taxes |
2,737 | 1,527 | 1,210 | 79.2 | ||||||||||||
Tax on profit |
(710 | ) | (362 | ) | (348 | ) | 96.1 | |||||||||
Profit from continuing operations |
2,027 | 1,165 | 862 | 74.0 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Consolidated profit |
2,027 | 1,158 | 868 | 75.0 | ||||||||||||
Minority interests |
202 | 115 | 87 | 75.3 | ||||||||||||
Attributable profit to the Group |
1,825 | 1,043 | 782 | 74.9 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
278,723 | 265,807 | 12,916 | 4.9 | ||||||||||||
Trading portfolio (w/o loans) |
60,318 | 63,550 | (3,232 | ) | (5.1 | ) | ||||||||||
Available-for-sale financial assets |
59,142 | 51,901 | 7,241 | 14.0 | ||||||||||||
Due from credit institutions ** |
87,379 | 64,365 | 23,014 | 35.8 | ||||||||||||
Intangible assets and property and equipment |
11,172 | 8,391 | 2,781 | 33.1 | ||||||||||||
Other assets |
32,859 | 24,168 | 8,692 | 36.0 | ||||||||||||
Total assets/liabilities & shareholders equity |
529,594 | 478,182 | 51,412 | 10.8 | ||||||||||||
Customer deposits ** |
263,013 | 260,302 | 2,712 | 1.0 | ||||||||||||
Marketable debt securities ** |
47,267 | 50,508 | (3,241 | ) | (6.4 | ) | ||||||||||
Subordinated debt ** |
175 | 403 | (228 | ) | (56.6 | ) | ||||||||||
Insurance liabilities |
643 | 1,671 | (1,028 | ) | (61.5 | ) | ||||||||||
Due to credit institutions ** |
125,066 | 77,125 | 47,941 | 62.2 | ||||||||||||
Other liabilities |
61,140 | 59,400 | 1,740 | 2.9 | ||||||||||||
Stockholders equity *** |
32,290 | 28,773 | 3,517 | 12.2 | ||||||||||||
Other managed and marketed customer funds |
68,030 | 65,556 | 2,473 | 3.8 | ||||||||||||
Mutual funds |
48,249 | 45,698 | 2,551 | 5.6 | ||||||||||||
Pension funds |
11,220 | 11,341 | (120 | ) | (1.1 | ) | ||||||||||
Managed portfolios |
8,558 | 8,517 | 40 | 0.5 | ||||||||||||
Managed and marketed customer funds |
378,484 | 376,769 | 1,715 | 0.5 | ||||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments |
| |||||||||||||||
Ratios (%) and other data | ||||||||||||||||
ROE |
7.93 | 4.96 | 2.97 p. | |||||||||||||
Efficiency ratio (with amortisations) |
51.0 | 52.2 | (1.2 p. | ) | ||||||||||||
NPL ratio |
7.89 | 8.92 | (1.03 p. | ) | ||||||||||||
NPL coverage |
60.4 | 58.1 | 2.3 p. | |||||||||||||
Number of employees |
56,704 | 56,177 | 527 | 0.9 | ||||||||||||
Number of branches |
5,424 | 5,616 | (192 | ) | (3.4 | ) |
26
Continental Europe
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,810 | 1,881 | 1,858 | 1,967 | 2,057 | 2,006 | 1,987 | |||||||||||||||||||||
Net fees |
889 | 898 | 849 | 864 | 842 | 878 | 855 | |||||||||||||||||||||
Gains (losses) on financial transactions |
324 | 230 | 339 | 327 | 404 | 90 | 321 | |||||||||||||||||||||
Other operating income * |
5 | 136 | 34 | 91 | 106 | 243 | 90 | |||||||||||||||||||||
Gross income |
3,029 | 3,146 | 3,080 | 3,249 | 3,409 | 3,218 | 3,253 | |||||||||||||||||||||
Operating expenses |
(1,634 | ) | (1,611 | ) | (1,584 | ) | (1,614 | ) | (1,670 | ) | (1,679 | ) | (1,689 | ) | ||||||||||||||
General administrative expenses |
(1,503 | ) | (1,499 | ) | (1,473 | ) | (1,496 | ) | (1,560 | ) | (1,557 | ) | (1,565 | ) | ||||||||||||||
Personnel |
(790 | ) | (777 | ) | (767 | ) | (778 | ) | (800 | ) | (821 | ) | (790 | ) | ||||||||||||||
Other general administrative expenses |
(713 | ) | (722 | ) | (706 | ) | (718 | ) | (761 | ) | (737 | ) | (775 | ) | ||||||||||||||
Depreciation and amortisation |
(131 | ) | (112 | ) | (111 | ) | (118 | ) | (109 | ) | (121 | ) | (124 | ) | ||||||||||||||
Net operating income |
1,394 | 1,534 | 1,496 | 1,635 | 1,739 | 1,539 | 1,564 | |||||||||||||||||||||
Net loan-loss provisions |
(791 | ) | (770 | ) | (737 | ) | (583 | ) | (637 | ) | (512 | ) | (495 | ) | ||||||||||||||
Other income |
(197 | ) | (215 | ) | (188 | ) | (93 | ) | (139 | ) | (186 | ) | (137 | ) | ||||||||||||||
Profit before taxes |
407 | 550 | 571 | 959 | 963 | 842 | 932 | |||||||||||||||||||||
Tax on profit |
(88 | ) | (134 | ) | (140 | ) | (277 | ) | (252 | ) | (216 | ) | (242 | ) | ||||||||||||||
Profit from continuing operations |
318 | 416 | 431 | 682 | 712 | 625 | 690 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Consolidated profit |
318 | 415 | 425 | 663 | 712 | 625 | 690 | |||||||||||||||||||||
Minority interests |
35 | 37 | 43 | 58 | 72 | 65 | 65 | |||||||||||||||||||||
Attributable profit to the Group |
284 | 378 | 381 | 604 | 640 | 560 | 625 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
266,531 | 268,489 | 265,807 | 268,735 | 279,925 | 280,580 | 278,723 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
55,734 | 59,107 | 63,550 | 65,863 | 76,199 | 62,294 | 60,318 | |||||||||||||||||||||
Available-for-sale financial assets |
44,947 | 45,250 | 51,901 | 56,845 | 60,661 | 61,076 | 59,142 | |||||||||||||||||||||
Due from credit institutions ** |
64,024 | 57,594 | 64,365 | 66,602 | 79,357 | 64,823 | 87,379 | |||||||||||||||||||||
Intangible assets and property and equipment |
8,938 | 8,302 | 8,391 | 11,796 | 11,241 | 11,158 | 11,172 | |||||||||||||||||||||
Other assets |
24,901 | 25,306 | 24,168 | 26,757 | 27,850 | 27,938 | 32,859 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
465,076 | 464,048 | 478,182 | 496,598 | 535,232 | 507,870 | 529,594 | |||||||||||||||||||||
Customer deposits ** |
259,011 | 255,909 | 260,302 | 256,909 | 268,190 | 263,955 | 263,013 | |||||||||||||||||||||
Marketable debt securities ** |
49,107 | 51,216 | 50,508 | 54,431 | 49,534 | 47,754 | 47,267 | |||||||||||||||||||||
Subordinated debt ** |
407 | 409 | 403 | 409 | 441 | 171 | 175 | |||||||||||||||||||||
Insurance liabilities |
1,548 | 1,602 | 1,671 | 713 | 669 | 647 | 643 | |||||||||||||||||||||
Due to credit institutions ** |
74,718 | 70,374 | 77,125 | 90,305 | 113,197 | 101,540 | 125,066 | |||||||||||||||||||||
Other liabilities |
51,739 | 56,055 | 59,400 | 64,304 | 72,885 | 62,801 | 61,140 | |||||||||||||||||||||
Stockholders equity *** |
28,545 | 28,482 | 28,773 | 29,526 | 30,315 | 31,003 | 32,290 | |||||||||||||||||||||
Other managed and marketed customer funds |
59,562 | 63,423 | 65,556 | 66,825 | 72,601 | 71,426 | 68,030 | |||||||||||||||||||||
Mutual funds |
40,844 | 43,882 | 45,698 | 46,936 | 51,486 | 50,915 | 48,249 | |||||||||||||||||||||
Pension funds |
11,064 | 11,258 | 11,341 | 11,481 | 11,960 | 11,503 | 11,220 | |||||||||||||||||||||
Managed portfolios |
7,654 | 8,283 | 8,517 | 8,408 | 9,155 | 9,008 | 8,558 | |||||||||||||||||||||
Managed and marketed customer funds |
368,086 | 370,958 | 376,769 | 378,575 | 390,766 | 383,305 | 378,484 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments |
| |||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
9.08 | 9.00 | 8.92 | 8.88 | 8.52 | 8.15 | 7.89 | |||||||||||||||||||||
NPL coverage |
58.0 | 58.4 | 58.1 | 57.2 | 58.6 | 58.9 | 60.4 | |||||||||||||||||||||
Cost of credit |
1.20 | 1.14 | 1.07 | 1.01 | 0.95 | 0.86 | 0.77 |
27
Continental Europe
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
6,050 | 5,551 | 499 | 9.0 | ||||||||||||
Net fees |
2,576 | 2,648 | (73 | ) | (2.7 | ) | ||||||||||
Gains (losses) on financial transactions |
815 | 895 | (80 | ) | (8.9 | ) | ||||||||||
Other operating income * |
439 | 176 | 263 | 149.0 | ||||||||||||
Gross income |
9,880 | 9,270 | 609 | 6.6 | ||||||||||||
Operating expenses |
(5,037 | ) | (4,842 | ) | (195 | ) | 4.0 | |||||||||
General administrative expenses |
(4,683 | ) | (4,487 | ) | (196 | ) | 4.4 | |||||||||
Personnel |
(2,410 | ) | (2,343 | ) | (67 | ) | 2.8 | |||||||||
Other general administrative expenses |
(2,273 | ) | (2,144 | ) | (129 | ) | 6.0 | |||||||||
Depreciation and amortisation |
(354 | ) | (354 | ) | 0 | (0.1 | ) | |||||||||
Net operating income |
4,843 | 4,429 | 414 | 9.3 | ||||||||||||
Net loan-loss provisions |
(1,643 | ) | (2,294 | ) | 651 | (28.4 | ) | |||||||||
Other income |
(462 | ) | (600 | ) | 138 | (22.9 | ) | |||||||||
Profit before taxes |
2,737 | 1,534 | 1,203 | 78.4 | ||||||||||||
Tax on profit |
(710 | ) | (363 | ) | (348 | ) | 95.9 | |||||||||
Profit from continuing operations |
2,027 | 1,172 | 855 | 73.0 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Consolidated profit |
2,027 | 1,165 | 862 | 74.0 | ||||||||||||
Minority interests |
202 | 116 | 86 | 74.5 | ||||||||||||
Attributable profit to the Group |
1,825 | 1,050 | 776 | 73.9 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
278,723 | 264,750 | 13,973 | 5.3 | ||||||||||||
Trading portfolio (w/o loans) |
60,318 | 63,587 | (3,269 | ) | (5.1 | ) | ||||||||||
Available-for-sale financial assets |
59,142 | 51,814 | 7,329 | 14.1 | ||||||||||||
Due from credit institutions ** |
87,379 | 64,585 | 22,794 | 35.3 | ||||||||||||
Intangible assets and property and equipment |
11,172 | 8,462 | 2,710 | 32.0 | ||||||||||||
Other assets |
32,859 | 24,134 | 8,725 | 36.2 | ||||||||||||
Total assets/liabilities & shareholders equity |
529,594 | 477,332 | 52,262 | 10.9 | ||||||||||||
Customer deposits ** |
263,013 | 259,861 | 3,152 | 1.2 | ||||||||||||
Marketable debt securities ** |
47,267 | 50,023 | (2,756 | ) | (5.5 | ) | ||||||||||
Subordinated debt ** |
175 | 398 | (223 | ) | (56.0 | ) | ||||||||||
Insurance liabilities |
643 | 1,670 | (1,027 | ) | (61.5 | ) | ||||||||||
Due to credit institutions ** |
125,066 | 77,216 | 47,851 | 62.0 | ||||||||||||
Other liabilities |
61,140 | 59,374 | 1,766 | 3.0 | ||||||||||||
Stockholders equity *** |
32,290 | 28,791 | 3,499 | 12.2 | ||||||||||||
Other managed and marketed customer funds |
68,030 | 65,672 | 2,357 | 3.6 | ||||||||||||
Mutual funds |
48,249 | 45,646 | 2,603 | 5.7 | ||||||||||||
Pension funds |
11,220 | 11,341 | (120 | ) | (1.1 | ) | ||||||||||
Managed portfolios |
8,558 | 8,686 | (128 | ) | (1.5 | ) | ||||||||||
Managed and marketed customer funds |
378,484 | 375,954 | 2,531 | 0.7 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
28
Continental Europe
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,813 | 1,882 | 1,855 | 1,973 | 2,058 | 1,997 | 1,995 | |||||||||||||||||||||
Net fees |
893 | 902 | 853 | 868 | 843 | 875 | 857 | |||||||||||||||||||||
Gains (losses) on financial transactions |
324 | 232 | 339 | 326 | 405 | 90 | 321 | |||||||||||||||||||||
Other operating income * |
5 | 137 | 34 | 91 | 106 | 243 | 90 | |||||||||||||||||||||
Gross income |
3,036 | 3,153 | 3,082 | 3,259 | 3,411 | 3,206 | 3,262 | |||||||||||||||||||||
Operating expenses |
(1,639 | ) | (1,615 | ) | (1,588 | ) | (1,617 | ) | (1,671 | ) | (1,673 | ) | (1,693 | ) | ||||||||||||||
General administrative expenses |
(1,508 | ) | (1,503 | ) | (1,476 | ) | (1,499 | ) | (1,562 | ) | (1,552 | ) | (1,569 | ) | ||||||||||||||
Personnel |
(793 | ) | (780 | ) | (770 | ) | (781 | ) | (800 | ) | (818 | ) | (792 | ) | ||||||||||||||
Other general administrative expenses |
(715 | ) | (723 | ) | (707 | ) | (718 | ) | (761 | ) | (734 | ) | (777 | ) | ||||||||||||||
Depreciation and amortisation |
(131 | ) | (112 | ) | (111 | ) | (119 | ) | (109 | ) | (121 | ) | (124 | ) | ||||||||||||||
Net operating income |
1,397 | 1,538 | 1,494 | 1,641 | 1,741 | 1,532 | 1,570 | |||||||||||||||||||||
Net loan-loss provisions |
(790 | ) | (769 | ) | (736 | ) | (582 | ) | (637 | ) | (510 | ) | (496 | ) | ||||||||||||||
Other income |
(197 | ) | (215 | ) | (188 | ) | (94 | ) | (139 | ) | (186 | ) | (137 | ) | ||||||||||||||
Profit before taxes |
410 | 554 | 571 | 965 | 964 | 837 | 936 | |||||||||||||||||||||
Tax on profit |
(89 | ) | (135 | ) | (139 | ) | (278 | ) | (252 | ) | (215 | ) | (243 | ) | ||||||||||||||
Profit from continuing operations |
321 | 419 | 431 | 687 | 713 | 622 | 693 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Consolidated profit |
321 | 419 | 425 | 668 | 713 | 622 | 693 | |||||||||||||||||||||
Minority interests |
35 | 37 | 44 | 59 | 72 | 65 | 65 | |||||||||||||||||||||
Attributable profit to the Group |
286 | 382 | 381 | 609 | 641 | 557 | 628 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
266,033 | 267,831 | 264,750 | 268,740 | 278,040 | 279,505 | 278,723 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
55,847 | 59,098 | 63,587 | 65,873 | 76,147 | 62,278 | 60,318 | |||||||||||||||||||||
Available-for-sale financial assets |
44,920 | 45,203 | 51,814 | 56,916 | 60,377 | 60,959 | 59,142 | |||||||||||||||||||||
Due from credit institutions ** |
64,426 | 58,182 | 64,585 | 66,781 | 79,116 | 64,717 | 87,379 | |||||||||||||||||||||
Intangible assets and property and equipment |
8,929 | 8,321 | 8,462 | 11,852 | 11,197 | 11,151 | 11,172 | |||||||||||||||||||||
Other assets |
24,903 | 25,265 | 24,134 | 26,790 | 27,712 | 27,891 | 32,859 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
465,058 | 463,898 | 477,332 | 496,952 | 532,589 | 506,501 | 529,594 | |||||||||||||||||||||
Customer deposits ** |
258,737 | 255,542 | 259,861 | 257,054 | 267,029 | 263,410 | 263,013 | |||||||||||||||||||||
Marketable debt securities ** |
48,793 | 50,897 | 50,023 | 54,289 | 49,253 | 47,462 | 47,267 | |||||||||||||||||||||
Subordinated debt ** |
401 | 402 | 398 | 412 | 427 | 170 | 175 | |||||||||||||||||||||
Insurance liabilities |
1,547 | 1,601 | 1,670 | 713 | 669 | 647 | 643 | |||||||||||||||||||||
Due to credit institutions ** |
75,053 | 70,829 | 77,216 | 90,536 | 112,485 | 101,224 | 125,066 | |||||||||||||||||||||
Other liabilities |
51,796 | 55,990 | 59,374 | 64,320 | 72,703 | 62,727 | 61,140 | |||||||||||||||||||||
Stockholders equity *** |
28,731 | 28,638 | 28,791 | 29,629 | 30,023 | 30,862 | 32,290 | |||||||||||||||||||||
Other managed and marketed customer funds |
59,759 | 63,631 | 65,672 | 66,979 | 72,379 | 71,374 | 68,030 | |||||||||||||||||||||
Mutual funds |
40,793 | 43,818 | 45,646 | 46,963 | 51,340 | 50,867 | 48,249 | |||||||||||||||||||||
Pension funds |
11,064 | 11,258 | 11,341 | 11,481 | 11,960 | 11,503 | 11,220 | |||||||||||||||||||||
Managed portfolios |
7,901 | 8,556 | 8,686 | 8,535 | 9,079 | 9,004 | 8,558 | |||||||||||||||||||||
Managed and marketed customer funds |
367,689 | 370,472 | 375,954 | 378,733 | 389,087 | 382,415 | 378,484 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
29
Spain
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
2,650 | 2,699 | (49 | ) | (1.8 | ) | ||||||||||
Net fees |
1,269 | 1,348 | (79 | ) | (5.9 | ) | ||||||||||
Gains (losses) on financial transactions |
579 | 797 | (218 | ) | (27.3 | ) | ||||||||||
Other operating income * |
343 | 102 | 242 | 237.6 | ||||||||||||
Gross income |
4,842 | 4,946 | (104 | ) | (2.1 | ) | ||||||||||
Operating expenses |
(2,574 | ) | (2,633 | ) | 59 | (2.3 | ) | |||||||||
General administrative expenses |
(2,419 | ) | (2,499 | ) | 79 | (3.2 | ) | |||||||||
Personnel |
(1,255 | ) | (1,335 | ) | 80 | (6.0 | ) | |||||||||
Other general administrative expenses |
(1,165 | ) | (1,164 | ) | (1 | ) | 0.1 | |||||||||
Depreciation and amortisation |
(154 | ) | (135 | ) | (20 | ) | 14.7 | |||||||||
Net operating income |
2,268 | 2,313 | (45 | ) | (1.9 | ) | ||||||||||
Net loan-loss provisions |
(835 | ) | (1,425 | ) | 590 | (41.4 | ) | |||||||||
Other income |
(174 | ) | (123 | ) | (51 | ) | 41.9 | |||||||||
Profit before taxes |
1,259 | 765 | 493 | 64.5 | ||||||||||||
Tax on profit |
(359 | ) | (225 | ) | (134 | ) | 59.4 | |||||||||
Profit from continuing operations |
900 | 540 | 360 | 66.6 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
900 | 540 | 360 | 66.6 | ||||||||||||
Minority interests |
16 | 2 | 14 | 599.9 | ||||||||||||
Attributable profit to the Group |
883 | 538 | 345 | 64.2 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
156,121 | 156,390 | (269 | ) | (0.2 | ) | ||||||||||
Trading portfolio (w/o loans) |
57,331 | 60,300 | (2,969 | ) | (4.9 | ) | ||||||||||
Available-for-sale financial assets |
44,340 | 36,684 | 7,656 | 20.9 | ||||||||||||
Due from credit institutions ** |
65,526 | 45,722 | 19,804 | 43.3 | ||||||||||||
Intangible assets and property and equipment |
2,886 | 3,542 | (656 | ) | (18.5 | ) | ||||||||||
Other assets |
12,808 | 7,213 | 5,595 | 77.6 | ||||||||||||
Total assets/liabilities & shareholders equity |
339,011 | 309,851 | 29,160 | 9.4 | ||||||||||||
Customer deposits ** |
181,636 | 182,273 | (637 | ) | (0.3 | ) | ||||||||||
Marketable debt securities ** |
23,916 | 31,676 | (7,760 | ) | (24.5 | ) | ||||||||||
Subordinated debt ** |
2 | 1 | 1 | 120.2 | ||||||||||||
Insurance liabilities |
533 | 504 | 29 | 5.7 | ||||||||||||
Due to credit institutions ** |
70,171 | 32,654 | 37,516 | 114.9 | ||||||||||||
Other liabilities |
50,117 | 51,766 | (1,648 | ) | (3.2 | ) | ||||||||||
Stockholders equity *** |
12,637 | 10,976 | 1,661 | 15.1 | ||||||||||||
Other managed and marketed customer funds |
59,544 | 57,278 | 2,265 | 4.0 | ||||||||||||
Mutual funds |
43,145 | 40,555 | 2,590 | 6.4 | ||||||||||||
Pension funds |
10,308 | 10,486 | (177 | ) | (1.7 | ) | ||||||||||
Managed portfolios |
6,090 | 6,238 | (148 | ) | (2.4 | ) | ||||||||||
Managed and marketed customer funds |
265,097 | 271,228 | (6,132 | ) | (2.3 | ) | ||||||||||
(**).- Including all on-balance sheet balances for this item | ||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments
|
| |||||||||||||||
Ratios (%) and other data |
||||||||||||||||
ROE |
10.06 | 6.48 | 3.58 p. | |||||||||||||
Efficiency ratio (with amortisations) |
53.2 | 53.2 | (0.1 p. | ) | ||||||||||||
NPL ratio |
6.61 | 7.57 | (0.96 p. | ) | ||||||||||||
NPL coverage |
47.8 | 45.5 | 2.3 p. | |||||||||||||
Number of employees |
24,231 | 25,135 | (904 | ) | (3.6 | ) | ||||||||||
Number of branches |
3,487 | 3,611 | (124 | ) | (3.4 | ) |
30
Spain
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
884 | 906 | 909 | 928 | 957 | 856 | 837 | |||||||||||||||||||||
Net fees |
455 | 469 | 424 | 445 | 414 | 440 | 415 | |||||||||||||||||||||
Gains (losses) on financial transactions |
293 | 192 | 312 | 237 | 302 | 35 | 242 | |||||||||||||||||||||
Other operating income * |
(13 | ) | 99 | 16 | 80 | 77 | 190 | 77 | ||||||||||||||||||||
Gross income |
1,620 | 1,665 | 1,661 | 1,690 | 1,749 | 1,522 | 1,570 | |||||||||||||||||||||
Operating expenses |
(897 | ) | (877 | ) | (859 | ) | (863 | ) | (855 | ) | (856 | ) | (863 | ) | ||||||||||||||
General administrative expenses |
(848 | ) | (835 | ) | (816 | ) | (820 | ) | (810 | ) | (803 | ) | (806 | ) | ||||||||||||||
Personnel |
(456 | ) | (445 | ) | (433 | ) | (426 | ) | (419 | ) | (420 | ) | (415 | ) | ||||||||||||||
Other general administrative expenses |
(391 | ) | (389 | ) | (383 | ) | (395 | ) | (391 | ) | (383 | ) | (391 | ) | ||||||||||||||
Depreciation and amortisation |
(50 | ) | (42 | ) | (43 | ) | (43 | ) | (45 | ) | (53 | ) | (57 | ) | ||||||||||||||
Net operating income |
722 | 788 | 802 | 827 | 894 | 666 | 708 | |||||||||||||||||||||
Net loan-loss provisions |
(507 | ) | (488 | ) | (429 | ) | (320 | ) | (366 | ) | (264 | ) | (205 | ) | ||||||||||||||
Other income |
(41 | ) | (63 | ) | (18 | ) | (89 | ) | (44 | ) | (71 | ) | (58 | ) | ||||||||||||||
Profit before taxes |
174 | 237 | 354 | 417 | 483 | 331 | 444 | |||||||||||||||||||||
Tax on profit |
(52 | ) | (71 | ) | (102 | ) | (124 | ) | (139 | ) | (93 | ) | (127 | ) | ||||||||||||||
Profit from continuing operations |
122 | 166 | 252 | 293 | 345 | 238 | 317 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
122 | 166 | 252 | 293 | 345 | 238 | 317 | |||||||||||||||||||||
Minority interests |
2 | (0 | ) | 1 | 4 | 5 | 6 | 6 | ||||||||||||||||||||
Attributable profit to the Group |
120 | 166 | 252 | 289 | 340 | 232 | 311 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
157,458 | 159,264 | 156,390 | 157,047 | 157,709 | 158,383 | 156,121 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
51,605 | 56,119 | 60,300 | 62,470 | 72,674 | 58,976 | 57,331 | |||||||||||||||||||||
Available-for-sale financial assets |
31,907 | 32,660 | 36,684 | 42,337 | 46,297 | 46,643 | 44,340 | |||||||||||||||||||||
Due from credit institutions ** |
45,507 | 38,543 | 45,722 | 48,838 | 60,193 | 45,297 | 65,526 | |||||||||||||||||||||
Intangible assets and property and equipment |
3,856 | 3,600 | 3,542 | 3,423 | 2,866 | 2,904 | 2,886 | |||||||||||||||||||||
Other assets |
9,012 | 8,627 | 7,213 | 9,541 | 8,063 | 8,348 | 12,808 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
299,346 | 298,813 | 309,851 | 323,657 | 347,801 | 320,551 | 339,011 | |||||||||||||||||||||
Customer deposits ** |
183,196 | 181,065 | 182,273 | 178,446 | 189,734 | 184,294 | 181,636 | |||||||||||||||||||||
Marketable debt securities ** |
35,521 | 33,782 | 31,676 | 35,700 | 27,647 | 26,752 | 23,916 | |||||||||||||||||||||
Subordinated debt ** |
8 | 8 | 1 | 6 | 0 | 1 | 2 | |||||||||||||||||||||
Insurance liabilities |
551 | 526 | 504 | 539 | 566 | 551 | 533 | |||||||||||||||||||||
Due to credit institutions ** |
25,267 | 23,637 | 32,654 | 42,585 | 56,589 | 45,009 | 70,171 | |||||||||||||||||||||
Other liabilities |
43,608 | 48,625 | 51,766 | 54,911 | 62,091 | 52,112 | 50,117 | |||||||||||||||||||||
Stockholders equity *** |
11,196 | 11,170 | 10,976 | 11,470 | 11,174 | 11,832 | 12,637 | |||||||||||||||||||||
Other managed and marketed customer funds |
51,969 | 55,383 | 57,278 | 58,554 | 63,173 | 62,224 | 59,544 | |||||||||||||||||||||
Mutual funds |
36,018 | 38,827 | 40,555 | 42,041 | 45,936 | 45,471 | 43,145 | |||||||||||||||||||||
Pension funds |
10,197 | 10,388 | 10,486 | 10,564 | 10,992 | 10,587 | 10,308 | |||||||||||||||||||||
Managed portfolios |
5,754 | 6,167 | 6,238 | 5,949 | 6,244 | 6,167 | 6,090 | |||||||||||||||||||||
Managed and marketed customer funds |
270,693 | 270,238 | 271,228 | 272,706 | 280,554 | 273,271 | 265,097 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item |
| |||||||||||||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments
|
| |||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
7.61 | 7.59 | 7.57 | 7.38 | 7.25 | 6.91 | 6.61 | |||||||||||||||||||||
NPL coverage |
44.6 | 44.9 | 45.5 | 45.5 | 46.6 | 46.8 | 47.8 | |||||||||||||||||||||
Cost of credit |
1.37 | 1.31 | 1.21 | 1.06 | 0.97 | 0.84 | 0.71 |
31
Santander Consumer Finance
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
2,292 | 1,736 | 556 | 32.0 | ||||||||||||
Net fees |
659 | 641 | 17 | 2.7 | ||||||||||||
Gains (losses) on financial transactions |
(5 | ) | (1 | ) | (5 | ) | 591.1 | |||||||||
Other operating income * |
23 | 4 | 19 | 499.2 | ||||||||||||
Gross income |
2,968 | 2,381 | 587 | 24.7 | ||||||||||||
Operating expenses |
(1,306 | ) | (1,089 | ) | (217 | ) | 20.0 | |||||||||
General administrative expenses |
(1,180 | ) | (961 | ) | (219 | ) | 22.8 | |||||||||
Personnel |
(554 | ) | (434 | ) | (119 | ) | 27.5 | |||||||||
Other general administrative expenses |
(626 | ) | (526 | ) | (100 | ) | 19.0 | |||||||||
Depreciation and amortisation |
(127 | ) | (128 | ) | 2 | (1.5 | ) | |||||||||
Net operating income |
1,662 | 1,292 | 370 | 28.7 | ||||||||||||
Net loan-loss provisions |
(440 | ) | (401 | ) | (39 | ) | 9.7 | |||||||||
Other income |
(102 | ) | (102 | ) | (0 | ) | 0.4 | |||||||||
Profit before taxes |
1,119 | 788 | 331 | 41.9 | ||||||||||||
Tax on profit |
(314 | ) | (204 | ) | (110 | ) | 54.2 | |||||||||
Profit from continuing operations |
805 | 585 | 220 | 37.7 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Consolidated profit |
805 | 578 | 227 | 39.3 | ||||||||||||
Minority interests |
102 | 27 | 75 | 274.0 | ||||||||||||
Attributable profit to the Group |
702 | 550 | 152 | 27.6 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
70,067 | 58,596 | 11,471 | 19.6 | ||||||||||||
Trading portfolio (w/o loans) |
90 | 41 | 49 | 120.1 | ||||||||||||
Available-for-sale financial assets |
2,876 | 603 | 2,273 | 376.8 | ||||||||||||
Due from credit institutions ** |
3,410 | 5,544 | (2,133 | ) | (38.5 | ) | ||||||||||
Intangible assets and property and equipment |
749 | 783 | (34 | ) | (4.4 | ) | ||||||||||
Other assets |
4,581 | 3,355 | 1,226 | 36.6 | ||||||||||||
Total assets/liabilities & shareholders equity |
81,774 | 68,921 | 12,852 | 18.6 | ||||||||||||
Customer deposits ** |
31,789 | 30,571 | 1,217 | 4.0 | ||||||||||||
Marketable debt securities ** |
20,384 | 14,803 | 5,581 | 37.7 | ||||||||||||
Subordinated debt ** |
73 | 65 | 8 | 12.7 | ||||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
16,264 | 13,237 | 3,027 | 22.9 | ||||||||||||
Other liabilities |
4,934 | 2,873 | 2,061 | 71.7 | ||||||||||||
Stockholders equity *** |
8,329 | 7,372 | 957 | 13.0 | ||||||||||||
Other managed and marketed customer funds |
7 | 7 | 0 | 3.0 | ||||||||||||
Mutual funds |
2 | 2 | (0 | ) | (10.9 | ) | ||||||||||
Pension funds |
5 | 5 | 0 | 8.4 | ||||||||||||
Managed portfolios |
| | | | ||||||||||||
Managed and marketed customer funds |
52,253 | 45,446 | 6,807 | 15.0 | ||||||||||||
(**).- Including all on-balance sheet balances for this item |
| |||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments
|
| |||||||||||||||
Ratios (%) and other data |
||||||||||||||||
ROE |
12.12 | 10.28 | 1.84 p. | |||||||||||||
Efficiency ratio (with amortisations) |
44.0 | 45.7 | (1.7 p. | ) | ||||||||||||
NPL ratio |
4.15 | 3.97 | 0.18 p. | |||||||||||||
NPL coverage |
107.2 | 106.4 | 0.8 p. | |||||||||||||
Number of employees |
14,138 | 12,345 | 1,793 | 14.5 | ||||||||||||
Number of branches |
592 | 572 | 20 | 3.5 |
32
Santander Consumer Finance
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
555 | 589 | 592 | 632 | 729 | 775 | 788 | |||||||||||||||||||||
Net fees |
221 | 212 | 208 | 199 | 220 | 216 | 223 | |||||||||||||||||||||
Gains (losses) on financial transactions |
0 | 1 | (2 | ) | 3 | 0 | (8 | ) | 3 | |||||||||||||||||||
Other operating income * |
(1 | ) | 4 | 1 | 8 | 10 | 9 | 4 | ||||||||||||||||||||
Gross income |
776 | 805 | 800 | 843 | 959 | 991 | 1,018 | |||||||||||||||||||||
Operating expenses |
(370 | ) | (361 | ) | (358 | ) | (379 | ) | (422 | ) | (442 | ) | (443 | ) | ||||||||||||||
General administrative expenses |
(319 | ) | (322 | ) | (320 | ) | (332 | ) | (384 | ) | (398 | ) | (398 | ) | ||||||||||||||
Personnel |
(145 | ) | (144 | ) | (146 | ) | (154 | ) | (179 | ) | (200 | ) | (174 | ) | ||||||||||||||
Other general administrative expenses |
(174 | ) | (178 | ) | (174 | ) | (178 | ) | (205 | ) | (198 | ) | (224 | ) | ||||||||||||||
Depreciation and amortisation |
(50 | ) | (40 | ) | (38 | ) | (46 | ) | (38 | ) | (44 | ) | (45 | ) | ||||||||||||||
Net operating income |
406 | 444 | 442 | 465 | 537 | 549 | 575 | |||||||||||||||||||||
Net loan-loss provisions |
(130 | ) | (123 | ) | (149 | ) | (143 | ) | (168 | ) | (131 | ) | (142 | ) | ||||||||||||||
Other income |
(14 | ) | (17 | ) | (71 | ) | 65 | (22 | ) | (36 | ) | (44 | ) | |||||||||||||||
Profit before taxes |
263 | 304 | 222 | 387 | 348 | 382 | 389 | |||||||||||||||||||||
Tax on profit |
(64 | ) | (84 | ) | (56 | ) | (111 | ) | (96 | ) | (110 | ) | (108 | ) | ||||||||||||||
Profit from continuing operations |
198 | 220 | 166 | 276 | 251 | 272 | 281 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Consolidated profit |
198 | 220 | 160 | 256 | 251 | 272 | 281 | |||||||||||||||||||||
Minority interests |
6 | 7 | 14 | 11 | 31 | 31 | 40 | |||||||||||||||||||||
Attributable profit to the Group |
192 | 213 | 146 | 245 | 220 | 241 | 242 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
57,433 | 58,058 | 58,596 | 60,448 | 68,690 | 69,546 | 70,067 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
878 | 270 | 41 | 87 | 31 | 59 | 90 | |||||||||||||||||||||
Available-for-sale financial assets |
478 | 591 | 603 | 988 | 1,122 | 1,841 | 2,876 | |||||||||||||||||||||
Due from credit institutions ** |
7,245 | 6,528 | 5,544 | 5,476 | 5,551 | 6,136 | 3,410 | |||||||||||||||||||||
Intangible assets and property and equipment |
913 | 795 | 783 | 786 | 779 | 767 | 749 | |||||||||||||||||||||
Other assets |
3,165 | 3,073 | 3,355 | 3,734 | 4,220 | 4,001 | 4,581 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
70,112 | 69,315 | 68,921 | 71,520 | 80,392 | 82,350 | 81,774 | |||||||||||||||||||||
Customer deposits ** |
30,611 | 30,736 | 30,571 | 30,847 | 30,989 | 31,810 | 31,789 | |||||||||||||||||||||
Marketable debt securities ** |
11,217 | 13,503 | 14,803 | 15,646 | 18,915 | 18,043 | 20,384 | |||||||||||||||||||||
Subordinated debt ** |
64 | 65 | 65 | 66 | 69 | 70 | 73 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
17,662 | 14,861 | 13,237 | 14,266 | 18,285 | 20,573 | 16,264 | |||||||||||||||||||||
Other liabilities |
3,577 | 2,996 | 2,873 | 3,343 | 4,273 | 4,051 | 4,934 | |||||||||||||||||||||
Stockholders equity *** |
6,981 | 7,154 | 7,372 | 7,351 | 7,861 | 7,803 | 8,329 | |||||||||||||||||||||
Other managed and marketed customer funds |
7 | 7 | 7 | 7 | 7 | 7 | 7 | |||||||||||||||||||||
Mutual funds |
2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||||||||||||||||||
Pension funds |
5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||||||||||||||||||
Managed portfolios |
| | | | | | | |||||||||||||||||||||
Managed and marketed customer funds |
41,899 | 44,310 | 45,446 | 46,566 | 49,980 | 49,930 | 52,253 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments
|
| |||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
4.14 | 4.07 | 3.97 | 4.82 | 4.52 | 4.25 | 4.15 | |||||||||||||||||||||
NPL coverage |
105.1 | 105.2 | 106.4 | 100.1 | 103.6 | 104.9 | 107.2 | |||||||||||||||||||||
Cost of credit |
0.89 | 0.87 | 0.85 | 0.90 | 0.93 | 0.91 | 0.87 |
33
Poland
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
579 | 639 | (60 | ) | (9.4 | ) | ||||||||||
Net fees |
313 | 328 | (15 | ) | (4.5 | ) | ||||||||||
Gains (losses) on financial transactions |
90 | 31 | 59 | 187.0 | ||||||||||||
Other operating income * |
2 | 24 | (22 | ) | (90.6 | ) | ||||||||||
Gross income |
985 | 1,023 | (38 | ) | (3.7 | ) | ||||||||||
Operating expenses |
(451 | ) | (441 | ) | (10 | ) | 2.2 | |||||||||
General administrative expenses |
(417 | ) | (406 | ) | (11 | ) | 2.8 | |||||||||
Personnel |
(243 | ) | (231 | ) | (12 | ) | 5.0 | |||||||||
Other general administrative expenses |
(174 | ) | (175 | ) | 0 | (0.2 | ) | |||||||||
Depreciation and amortisation |
(34 | ) | (35 | ) | 2 | (4.7 | ) | |||||||||
Net operating income |
534 | 582 | (48 | ) | (8.2 | ) | ||||||||||
Net loan-loss provisions |
(124 | ) | (129 | ) | 5 | (3.9 | ) | |||||||||
Other income |
(0 | ) | (11 | ) | 11 | (96.8 | ) | |||||||||
Profit before taxes |
410 | 442 | (32 | ) | (7.3 | ) | ||||||||||
Tax on profit |
(77 | ) | (86 | ) | 10 | (11.5 | ) | |||||||||
Profit from continuing operations |
333 | 355 | (22 | ) | (6.2 | ) | ||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
333 | 355 | (22 | ) | (6.2 | ) | ||||||||||
Minority interests |
90 | 94 | (4 | ) | (4.1 | ) | ||||||||||
Attributable profit to the Group |
243 | 262 | (18 | ) | (7.0 | ) | ||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
18,466 | 17,217 | 1,250 | 7.3 | ||||||||||||
Trading portfolio (w/o loans) |
1,032 | 795 | 237 | 29.8 | ||||||||||||
Available-for-sale financial assets |
5,500 | 5,920 | (420 | ) | (7.1 | ) | ||||||||||
Due from credit institutions ** |
1,166 | 952 | 214 | 22.5 | ||||||||||||
Intangible assets and property and equipment |
229 | 224 | 5 | 2.1 | ||||||||||||
Other assets |
1,773 | 2,257 | (484 | ) | (21.4 | ) | ||||||||||
Total assets/liabilities & shareholders equity |
28,166 | 27,364 | 801 | 2.9 | ||||||||||||
Customer deposits ** |
20,404 | 20,224 | 180 | 0.9 | ||||||||||||
Marketable debt securities ** |
401 | 236 | 165 | 70.2 | ||||||||||||
Subordinated debt ** |
100 | 337 | (237 | ) | (70.4 | ) | ||||||||||
Insurance liabilities |
| 79 | (79 | ) | (100.0 | ) | ||||||||||
Due to credit institutions ** |
1,396 | 1,074 | 322 | 30.0 | ||||||||||||
Other liabilities |
3,476 | 3,101 | 376 | 12.1 | ||||||||||||
Stockholders equity *** |
2,388 | 2,313 | 74 | 3.2 | ||||||||||||
Other managed and marketed customer funds |
3,607 | 3,782 | (175 | ) | (4.6 | ) | ||||||||||
Mutual funds |
3,500 | 3,692 | (191 | ) | (5.2 | ) | ||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
107 | 90 | 17 | 18.6 | ||||||||||||
Managed and marketed customer funds |
24,512 | 24,579 | (67 | ) | (0.3 | ) | ||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments
|
||||||||||||||||
Ratios (%) and other data |
||||||||||||||||
ROE |
13.62 | 15.94 | (2.32 p. | ) | ||||||||||||
Efficiency ratio (with amortisations) |
45.8 | 43.1 | 2.6 p. | |||||||||||||
NPL ratio |
7.14 | 7.43 | (0.29 p. | ) | ||||||||||||
NPL coverage |
63.1 | 65.8 | (2.7 p. | ) | ||||||||||||
Number of employees |
11,626 | 11,933 | (307 | ) | (2.6 | ) | ||||||||||
Number of branches |
752 | 803 | (51 | ) | (6.4 | ) |
34
Poland
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
208 | 217 | 215 | 194 | 191 | 192 | 196 | |||||||||||||||||||||
Net fees |
109 | 111 | 107 | 107 | 100 | 110 | 103 | |||||||||||||||||||||
Gains (losses) on financial transactions |
11 | 7 | 13 | 48 | 54 | 19 | 18 | |||||||||||||||||||||
Other operating income * |
6 | 18 | 0 | 4 | (4 | ) | 16 | (9 | ) | |||||||||||||||||||
Gross income |
334 | 353 | 335 | 353 | 340 | 336 | 309 | |||||||||||||||||||||
Operating expenses |
(148 | ) | (149 | ) | (144 | ) | (144 | ) | (151 | ) | (153 | ) | (146 | ) | ||||||||||||||
General administrative expenses |
(136 | ) | (137 | ) | (133 | ) | (132 | ) | (139 | ) | (142 | ) | (136 | ) | ||||||||||||||
Personnel |
(77 | ) | (77 | ) | (77 | ) | (79 | ) | (81 | ) | (82 | ) | (79 | ) | ||||||||||||||
Other general administrative expenses |
(59 | ) | (60 | ) | (56 | ) | (52 | ) | (58 | ) | (60 | ) | (57 | ) | ||||||||||||||
Depreciation and amortisation |
(12 | ) | (12 | ) | (12 | ) | (12 | ) | (12 | ) | (11 | ) | (11 | ) | ||||||||||||||
Net operating income |
187 | 204 | 191 | 209 | 190 | 182 | 162 | |||||||||||||||||||||
Net loan-loss provisions |
(43 | ) | (42 | ) | (44 | ) | (57 | ) | (39 | ) | (46 | ) | (39 | ) | ||||||||||||||
Other income |
(3 | ) | (16 | ) | 8 | 22 | (1 | ) | (2 | ) | 3 | |||||||||||||||||
Profit before taxes |
141 | 146 | 155 | 174 | 150 | 135 | 125 | |||||||||||||||||||||
Tax on profit |
(26 | ) | (27 | ) | (33 | ) | (48 | ) | (27 | ) | (23 | ) | (26 | ) | ||||||||||||||
Profit from continuing operations |
115 | 119 | 122 | 126 | 122 | 112 | 99 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
115 | 119 | 122 | 126 | 122 | 112 | 99 | |||||||||||||||||||||
Minority interests |
31 | 32 | 31 | 33 | 33 | 30 | 26 | |||||||||||||||||||||
Attributable profit to the Group |
84 | 87 | 91 | 93 | 89 | 82 | 73 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
16,728 | 17,064 | 17,217 | 16,976 | 18,303 | 18,329 | 18,466 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
809 | 799 | 795 | 1,166 | 1,258 | 1,132 | 1,032 | |||||||||||||||||||||
Available-for-sale financial assets |
5,127 | 4,214 | 5,920 | 5,816 | 5,355 | 5,647 | 5,500 | |||||||||||||||||||||
Due from credit institutions ** |
1,256 | 607 | 952 | 1,061 | 1,223 | 1,245 | 1,166 | |||||||||||||||||||||
Intangible assets and property and equipment |
223 | 214 | 224 | 236 | 241 | 235 | 229 | |||||||||||||||||||||
Other assets |
2,286 | 2,570 | 2,257 | 2,540 | 2,168 | 1,660 | 1,773 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
26,428 | 25,467 | 27,364 | 27,794 | 28,548 | 28,248 | 28,166 | |||||||||||||||||||||
Customer deposits ** |
18,803 | 18,325 | 20,224 | 20,144 | 20,481 | 20,181 | 20,404 | |||||||||||||||||||||
Marketable debt securities ** |
121 | 120 | 236 | 230 | 240 | 350 | 401 | |||||||||||||||||||||
Subordinated debt ** |
335 | 336 | 337 | 337 | 372 | 100 | 100 | |||||||||||||||||||||
Insurance liabilities |
81 | 79 | 79 | 77 | | | | |||||||||||||||||||||
Due to credit institutions ** |
2,218 | 1,563 | 1,074 | 1,264 | 1,268 | 1,659 | 1,396 | |||||||||||||||||||||
Other liabilities |
2,674 | 2,872 | 3,101 | 3,467 | 3,786 | 3,591 | 3,476 | |||||||||||||||||||||
Stockholders equity *** |
2,197 | 2,171 | 2,313 | 2,274 | 2,402 | 2,367 | 2,388 | |||||||||||||||||||||
Other managed and marketed customer funds |
3,555 | 3,647 | 3,782 | 3,515 | 3,960 | 3,928 | 3,607 | |||||||||||||||||||||
Mutual funds |
3,455 | 3,556 | 3,692 | 3,430 | 3,813 | 3,766 | 3,500 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
101 | 91 | 90 | 85 | 147 | 162 | 107 | |||||||||||||||||||||
Managed and marketed customer funds |
22,815 | 22,429 | 24,579 | 24,226 | 25,053 | 24,559 | 24,512 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments
|
| |||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
7.35 | 7.42 | 7.43 | 7.42 | 7.33 | 7.07 | 7.14 | |||||||||||||||||||||
NPL coverage |
64.6 | 65.3 | 65.8 | 60.3 | 61.6 | 63.5 | 63.1 | |||||||||||||||||||||
Cost of credit |
0.98 | 0.92 | 0.95 | 1.04 | 1.00 | 1.00 | 0.96 |
35
Poland
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
579 | 643 | (63 | ) | (9.8 | ) | ||||||||||
Net fees |
313 | 329 | (16 | ) | (4.9 | ) | ||||||||||
Gains (losses) on financial transactions |
90 | 31 | 58 | 185.7 | ||||||||||||
Other operating income * |
2 | 24 | (22 | ) | (90.7 | ) | ||||||||||
Gross income |
985 | 1,027 | (43 | ) | (4.2 | ) | ||||||||||
Operating expenses |
(451 | ) | (443 | ) | (8 | ) | 1.7 | |||||||||
General administrative expenses |
(417 | ) | (408 | ) | (9 | ) | 2.3 | |||||||||
Personnel |
(243 | ) | (232 | ) | (11 | ) | 4.5 | |||||||||
Other general administrative expenses |
(174 | ) | (176 | ) | 1 | (0.7 | ) | |||||||||
Depreciation and amortisation |
(34 | ) | (36 | ) | 2 | (5.1 | ) | |||||||||
Net operating income |
534 | 584 | (50 | ) | (8.6 | ) | ||||||||||
Net loan-loss provisions |
(124 | ) | (130 | ) | 6 | (4.4 | ) | |||||||||
Other income |
(0 | ) | (11 | ) | 11 | (96.8 | ) | |||||||||
Profit before taxes |
410 | 444 | (34 | ) | (7.7 | ) | ||||||||||
Tax on profit |
(77 | ) | (87 | ) | 10 | (11.9 | ) | |||||||||
Profit from continuing operations |
333 | 357 | (24 | ) | (6.7 | ) | ||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
333 | 357 | (24 | ) | (6.7 | ) | ||||||||||
Minority interests |
90 | 94 | (4 | ) | (4.6 | ) | ||||||||||
Attributable profit to the Group |
243 | 263 | (20 | ) | (7.4 | ) | ||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
|
|||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
18,466 | 16,944 | 1,522 | 9.0 | ||||||||||||
Trading portfolio (w/o loans) |
1,032 | 782 | 250 | 31.9 | ||||||||||||
Available-for-sale financial assets |
5,500 | 5,826 | (327 | ) | (5.6 | ) | ||||||||||
Due from credit institutions ** |
1,166 | 937 | 229 | 24.4 | ||||||||||||
Intangible assets and property and equipment |
229 | 221 | 8 | 3.7 | ||||||||||||
Other assets |
1,773 | 2,221 | (448 | ) | (20.2 | ) | ||||||||||
Total assets/liabilities & shareholders equity |
28,166 | 26,931 | 1,235 | 4.6 | ||||||||||||
Customer deposits ** |
20,404 | 19,904 | 500 | 2.5 | ||||||||||||
Marketable debt securities ** |
401 | 232 | 169 | 72.9 | ||||||||||||
Subordinated debt ** |
100 | 332 | (232 | ) | (69.9 | ) | ||||||||||
Insurance liabilities |
| 78 | (78 | ) | (100.0 | ) | ||||||||||
Due to credit institutions ** |
1,396 | 1,057 | 339 | 32.1 | ||||||||||||
Other liabilities |
3,476 | 3,052 | 425 | 13.9 | ||||||||||||
Stockholders equity *** |
2,388 | 2,277 | 111 | 4.9 | ||||||||||||
Other managed and marketed customer funds |
3,607 | 3,722 | (115 | ) | (3.1 | ) | ||||||||||
Mutual funds |
3,500 | 3,633 | (133 | ) | (3.7 | ) | ||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
107 | 89 | 18 | 20.5 | ||||||||||||
Managed and marketed customer funds |
24,512 | 24,190 | 322 | 1.3 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
36
Poland
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
209 | 218 | 216 | 197 | 193 | 189 | 198 | |||||||||||||||||||||
Net fees |
110 | 111 | 108 | 109 | 101 | 108 | 104 | |||||||||||||||||||||
Gains (losses) on financial transactions |
11 | 7 | 13 | 48 | 54 | 18 | 18 | |||||||||||||||||||||
Other operating income * |
6 | 18 | 0 | 4 | (5 | ) | 16 | (9 | ) | |||||||||||||||||||
Gross income |
337 | 354 | 337 | 358 | 343 | 330 | 311 | |||||||||||||||||||||
Operating expenses |
(149 | ) | (149 | ) | (145 | ) | (146 | ) | (152 | ) | (151 | ) | (148 | ) | ||||||||||||||
General administrative expenses |
(137 | ) | (138 | ) | (133 | ) | (133 | ) | (141 | ) | (140 | ) | (137 | ) | ||||||||||||||
Personnel |
(78 | ) | (77 | ) | (77 | ) | (80 | ) | (82 | ) | (81 | ) | (80 | ) | ||||||||||||||
Other general administrative expenses |
(59 | ) | (61 | ) | (56 | ) | (53 | ) | (58 | ) | (59 | ) | (57 | ) | ||||||||||||||
Depreciation and amortisation |
(12 | ) | (12 | ) | (12 | ) | (13 | ) | (12 | ) | (11 | ) | (11 | ) | ||||||||||||||
Net operating income |
188 | 205 | 192 | 212 | 191 | 179 | 164 | |||||||||||||||||||||
Net loan-loss provisions |
(43 | ) | (42 | ) | (44 | ) | (57 | ) | (39 | ) | (45 | ) | (40 | ) | ||||||||||||||
Other income |
(3 | ) | (16 | ) | 8 | 22 | (1 | ) | (2 | ) | 3 | |||||||||||||||||
Profit before taxes |
142 | 147 | 155 | 176 | 151 | 132 | 127 | |||||||||||||||||||||
Tax on profit |
(26 | ) | (27 | ) | (33 | ) | (48 | ) | (28 | ) | (22 | ) | (26 | ) | ||||||||||||||
Profit from continuing operations |
115 | 119 | 122 | 128 | 123 | 110 | 100 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
115 | 119 | 122 | 128 | 123 | 110 | 100 | |||||||||||||||||||||
Minority interests |
31 | 32 | 31 | 34 | 34 | 30 | 27 | |||||||||||||||||||||
Attributable profit to the Group |
85 | 87 | 91 | 95 | 90 | 80 | 74 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
16,441 | 16,710 | 16,944 | 17,089 | 17,616 | 18,097 | 18,466 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
795 | 782 | 782 | 1,174 | 1,211 | 1,118 | 1,032 | |||||||||||||||||||||
Available-for-sale financial assets |
5,039 | 4,127 | 5,826 | 5,855 | 5,154 | 5,576 | 5,500 | |||||||||||||||||||||
Due from credit institutions ** |
1,234 | 594 | 937 | 1,068 | 1,177 | 1,229 | 1,166 | |||||||||||||||||||||
Intangible assets and property and equipment |
219 | 209 | 221 | 237 | 232 | 232 | 229 | |||||||||||||||||||||
Other assets |
2,247 | 2,516 | 2,221 | 2,557 | 2,087 | 1,639 | 1,773 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
25,975 | 24,939 | 26,931 | 27,980 | 27,476 | 27,891 | 28,166 | |||||||||||||||||||||
Customer deposits ** |
18,480 | 17,945 | 19,904 | 20,279 | 19,711 | 19,926 | 20,404 | |||||||||||||||||||||
Marketable debt securities ** |
119 | 118 | 232 | 232 | 231 | 346 | 401 | |||||||||||||||||||||
Subordinated debt ** |
329 | 329 | 332 | 339 | 358 | 99 | 100 | |||||||||||||||||||||
Insurance liabilities |
79 | 77 | 78 | 78 | | | | |||||||||||||||||||||
Due to credit institutions ** |
2,180 | 1,531 | 1,057 | 1,273 | 1,220 | 1,638 | 1,396 | |||||||||||||||||||||
Other liabilities |
2,628 | 2,813 | 3,052 | 3,490 | 3,644 | 3,545 | 3,476 | |||||||||||||||||||||
Stockholders equity *** |
2,159 | 2,126 | 2,277 | 2,289 | 2,312 | 2,337 | 2,388 | |||||||||||||||||||||
Other managed and marketed customer funds |
3,494 | 3,571 | 3,722 | 3,538 | 3,811 | 3,879 | 3,607 | |||||||||||||||||||||
Mutual funds |
3,395 | 3,482 | 3,633 | 3,452 | 3,670 | 3,718 | 3,500 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
99 | 89 | 89 | 86 | 142 | 160 | 107 | |||||||||||||||||||||
Managed and marketed customer funds |
22,423 | 21,964 | 24,190 | 24,388 | 24,112 | 24,249 | 24,512 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
37
Poland
PLN million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
2,407 | 2,670 | (263 | ) | (9.8 | ) | ||||||||||
Net fees |
1,301 | 1,368 | (67 | ) | (4.9 | ) | ||||||||||
Gains (losses) on financial transactions |
374 | 131 | 243 | 185.7 | ||||||||||||
Other operating income * |
9 | 100 | (91 | ) | (90.7 | ) | ||||||||||
Gross income |
4,091 | 4,269 | (178 | ) | (4.2 | ) | ||||||||||
Operating expenses |
(1,872 | ) | (1,841 | ) | (31 | ) | 1.7 | |||||||||
General administrative expenses |
(1,732 | ) | (1,694 | ) | (39 | ) | 2.3 | |||||||||
Personnel |
(1,008 | ) | (964 | ) | (44 | ) | 4.5 | |||||||||
Other general administrative expenses |
(725 | ) | (730 | ) | 5 | (0.7 | ) | |||||||||
Depreciation and amortisation |
(140 | ) | (148 | ) | 8 | (5.1 | ) | |||||||||
Net operating income |
2,218 | 2,428 | (210 | ) | (8.6 | ) | ||||||||||
Net loan-loss provisions |
(515 | ) | (538 | ) | 23 | (4.4 | ) | |||||||||
Other income |
(1 | ) | (46 | ) | 44 | (96.8 | ) | |||||||||
Profit before taxes |
1,702 | 1,844 | (142 | ) | (7.7 | ) | ||||||||||
Tax on profit |
(318 | ) | (361 | ) | 43 | (11.9 | ) | |||||||||
Profit from continuing operations |
1,384 | 1,483 | (99 | ) | (6.7 | ) | ||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,384 | 1,483 | (99 | ) | (6.7 | ) | ||||||||||
Minority interests |
373 | 391 | (18 | ) | (4.6 | ) | ||||||||||
Attributable profit to the Group |
1,011 | 1,092 | (81 | ) | (7.4 | ) | ||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
78,386 | 71,924 | 6,462 | 9.0 | ||||||||||||
Trading portfolio (w/o loans) |
4,379 | 3,319 | 1,059 | 31.9 | ||||||||||||
Available-for-sale financial assets |
23,344 | 24,731 | (1,387 | ) | (5.6 | ) | ||||||||||
Due from credit institutions ** |
4,948 | 3,976 | 972 | 24.4 | ||||||||||||
Intangible assets and property and equipment |
973 | 938 | 35 | 3.7 | ||||||||||||
Other assets |
7,528 | 9,429 | (1,901 | ) | (20.2 | ) | ||||||||||
Total assets/liabilities & shareholders equity |
119,557 | 114,317 | 5,240 | 4.6 | ||||||||||||
Customer deposits ** |
86,613 | 84,489 | 2,124 | 2.5 | ||||||||||||
Marketable debt securities ** |
1,701 | 984 | 717 | 72.9 | ||||||||||||
Subordinated debt ** |
424 | 1,409 | (985 | ) | (69.9 | ) | ||||||||||
Insurance liabilities |
| 330 | (330 | ) | (100.0 | ) | ||||||||||
Due to credit institutions ** |
5,928 | 4,488 | 1,440 | 32.1 | ||||||||||||
Other liabilities |
14,756 | 12,953 | 1,802 | 13.9 | ||||||||||||
Stockholders equity *** |
10,136 | 9,664 | 472 | 4.9 | ||||||||||||
Other managed and marketed customer funds |
15,312 | 15,799 | (487 | ) | (3.1 | ) | ||||||||||
Mutual funds |
14,859 | 15,423 | (564 | ) | (3.7 | ) | ||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
454 | 376 | 77 | 20.5 | ||||||||||||
Managed and marketed customer funds |
104,050 | 102,681 | 1,369 | 1.3 | ||||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments |
38
Poland
PLN million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
868 | 906 | 896 | 820 | 800 | 784 | 822 | |||||||||||||||||||||
Net fees |
458 | 462 | 448 | 451 | 420 | 448 | 433 | |||||||||||||||||||||
Gains (losses) on financial transactions |
47 | 28 | 55 | 200 | 225 | 74 | 75 | |||||||||||||||||||||
Other operating income * |
25 | 75 | 1 | 15 | (19 | ) | 65 | (37 | ) | |||||||||||||||||||
Gross income |
1,399 | 1,471 | 1,400 | 1,487 | 1,427 | 1,371 | 1,293 | |||||||||||||||||||||
Operating expenses |
(618 | ) | (621 | ) | (603 | ) | (606 | ) | (632 | ) | (626 | ) | (614 | ) | ||||||||||||||
General administrative expenses |
(569 | ) | (571 | ) | (554 | ) | (554 | ) | (584 | ) | (580 | ) | (569 | ) | ||||||||||||||
Personnel |
(323 | ) | (320 | ) | (321 | ) | (334 | ) | (341 | ) | (335 | ) | (332 | ) | ||||||||||||||
Other general administrative expenses |
(246 | ) | (252 | ) | (232 | ) | (220 | ) | (243 | ) | (245 | ) | (237 | ) | ||||||||||||||
Depreciation and amortisation |
(49 | ) | (49 | ) | (49 | ) | (52 | ) | (48 | ) | (46 | ) | (45 | ) | ||||||||||||||
Net operating income |
781 | 850 | 797 | 880 | 794 | 745 | 679 | |||||||||||||||||||||
Net loan-loss provisions |
(180 | ) | (174 | ) | (184 | ) | (238 | ) | (164 | ) | (187 | ) | (164 | ) | ||||||||||||||
Other income |
(12 | ) | (66 | ) | 33 | 90 | (3 | ) | (9 | ) | 11 | |||||||||||||||||
Profit before taxes |
589 | 609 | 646 | 732 | 627 | 549 | 526 | |||||||||||||||||||||
Tax on profit |
(110 | ) | (113 | ) | (138 | ) | (200 | ) | (115 | ) | (93 | ) | (110 | ) | ||||||||||||||
Profit from continuing operations |
479 | 496 | 508 | 533 | 512 | 456 | 416 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
479 | 496 | 508 | 533 | 512 | 456 | 416 | |||||||||||||||||||||
Minority interests |
128 | 134 | 129 | 140 | 140 | 123 | 110 | |||||||||||||||||||||
Attributable profit to the Group |
352 | 362 | 379 | 393 | 372 | 333 | 306 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
69,787 | 70,930 | 71,924 | 72,541 | 74,776 | 76,820 | 78,386 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
3,375 | 3,319 | 3,319 | 4,982 | 5,141 | 4,746 | 4,379 | |||||||||||||||||||||
Available-for-sale financial assets |
21,388 | 17,517 | 24,731 | 24,851 | 21,876 | 23,668 | 23,344 | |||||||||||||||||||||
Due from credit institutions ** |
5,238 | 2,523 | 3,976 | 4,532 | 4,997 | 5,217 | 4,948 | |||||||||||||||||||||
Intangible assets and property and equipment |
931 | 889 | 938 | 1,008 | 984 | 983 | 973 | |||||||||||||||||||||
Other assets |
9,538 | 10,682 | 9,429 | 10,856 | 8,859 | 6,956 | 7,528 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
110,257 | 105,860 | 114,317 | 118,769 | 116,632 | 118,390 | 119,557 | |||||||||||||||||||||
Customer deposits ** |
78,446 | 76,173 | 84,489 | 86,080 | 83,671 | 84,580 | 86,613 | |||||||||||||||||||||
Marketable debt securities ** |
505 | 501 | 984 | 984 | 982 | 1,467 | 1,701 | |||||||||||||||||||||
Subordinated debt ** |
1,397 | 1,398 | 1,409 | 1,440 | 1,519 | 420 | 424 | |||||||||||||||||||||
Insurance liabilities |
337 | 328 | 330 | 331 | | | | |||||||||||||||||||||
Due to credit institutions ** |
9,252 | 6,499 | 4,488 | 5,402 | 5,181 | 6,953 | 5,928 | |||||||||||||||||||||
Other liabilities |
11,154 | 11,940 | 12,953 | 14,816 | 15,466 | 15,048 | 14,756 | |||||||||||||||||||||
Stockholders equity *** |
9,166 | 9,023 | 9,664 | 9,717 | 9,812 | 9,921 | 10,136 | |||||||||||||||||||||
Other managed and marketed customer funds |
14,833 | 15,160 | 15,799 | 15,018 | 16,179 | 16,464 | 15,312 | |||||||||||||||||||||
Mutual funds |
14,413 | 14,782 | 15,423 | 14,655 | 15,578 | 15,784 | 14,859 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
420 | 378 | 376 | 363 | 601 | 680 | 454 | |||||||||||||||||||||
Managed and marketed customer funds |
95,181 | 93,232 | 102,681 | 103,522 | 102,352 | 102,931 | 104,050 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
39
Portugal
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
417 | 403 | 14 | 3.5 | ||||||||||||
Net fees |
202 | 209 | (7 | ) | (3.4 | ) | ||||||||||
Gains (losses) on financial transactions |
41 | 53 | (12 | ) | (22.7 | ) | ||||||||||
Other operating income * |
38 | 31 | 7 | 24.0 | ||||||||||||
Gross income |
698 | 695 | 2 | 0.3 | ||||||||||||
Operating expenses |
(369 | ) | (370 | ) | 1 | (0.2 | ) | |||||||||
General administrative expenses |
(342 | ) | (332 | ) | (11 | ) | 3.2 | |||||||||
Personnel |
(216 | ) | (214 | ) | (2 | ) | 1.0 | |||||||||
Other general administrative expenses |
(127 | ) | (118 | ) | (8 | ) | 7.1 | |||||||||
Depreciation and amortisation |
(27 | ) | (38 | ) | 11 | (29.8 | ) | |||||||||
Net operating income |
328 | 325 | 3 | 0.9 | ||||||||||||
Net loan-loss provisions |
(67 | ) | (106 | ) | 40 | (37.3 | ) | |||||||||
Other income |
(21 | ) | (79 | ) | 57 | (73.0 | ) | |||||||||
Profit before taxes |
240 | 140 | 100 | 71.3 | ||||||||||||
Tax on profit |
(59 | ) | (32 | ) | (27 | ) | 85.9 | |||||||||
Profit from continuing operations |
181 | 108 | 73 | 67.0 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
181 | 108 | 73 | 67.0 | ||||||||||||
Minority interests |
0 | (4 | ) | 4 | | |||||||||||
Attributable profit to the Group |
181 | 113 | 68 | 60.5 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
23,029 | 23,333 | (304 | ) | (1.3 | ) | ||||||||||
Trading portfolio (w/o loans) |
1,801 | 1,998 | (196 | ) | (9.8 | ) | ||||||||||
Available-for-sale financial assets |
5,736 | 8,060 | (2,325 | ) | (28.8 | ) | ||||||||||
Due from credit institutions ** |
2,097 | 2,466 | (369 | ) | (15.0 | ) | ||||||||||
Intangible assets and property and equipment |
696 | 749 | (53 | ) | (7.0 | ) | ||||||||||
Other assets |
5,999 | 6,708 | (708 | ) | (10.6 | ) | ||||||||||
Total assets/liabilities & shareholders equity |
39,358 | 43,313 | (3,954 | ) | (9.1 | ) | ||||||||||
Customer deposits ** |
24,091 | 24,131 | (39 | ) | (0.2 | ) | ||||||||||
Marketable debt securities ** |
2,566 | 3,793 | (1,228 | ) | (32.4 | ) | ||||||||||
Subordinated debt ** |
0 | 0 | (0 | ) | (34.2 | ) | ||||||||||
Insurance liabilities |
22 | 80 | (58 | ) | (72.5 | ) | ||||||||||
Due to credit institutions ** |
9,384 | 12,074 | (2,690 | ) | (22.3 | ) | ||||||||||
Other liabilities |
920 | 769 | 151 | 19.6 | ||||||||||||
Stockholders equity *** |
2,376 | 2,466 | (90 | ) | (3.7 | ) | ||||||||||
Other managed and marketed customer funds |
2,801 | 2,347 | 454 | 19.3 | ||||||||||||
Mutual funds |
1,489 | 1,246 | 243 | 19.5 | ||||||||||||
Pension funds |
906 | 849 | 57 | 6.7 | ||||||||||||
Managed portfolios |
406 | 252 | 154 | 61.0 | ||||||||||||
Managed and marketed customer funds |
29,458 | 30,271 | (814 | ) | (2.7 | ) | ||||||||||
(**).- Including all on-balance sheet balances for this item (***).-Capital + reserves + profit + valuation adjustments
|
| |||||||||||||||
Ratios (%) and other data | ||||||||||||||||
ROE |
10.02 | 6.54 | 3.48 p. | |||||||||||||
Efficiency ratio (with amortisations) |
52.9 | 53.2 | (0.3 p. | ) | ||||||||||||
NPL ratio |
8.86 | 8.49 | 0.37 p. | |||||||||||||
NPL coverage |
56.2 | 53.9 | 2.3 p. | |||||||||||||
Number of employees |
5,423 | 5,552 | (129 | ) | (2.3 | ) | ||||||||||
Number of branches |
575 | 620 | (45 | ) | (7.3 | ) |
40
Portugal
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
129 | 138 | 136 | 143 | 142 | 141 | 134 | |||||||||||||||||||||
Net fees |
73 | 66 | 70 | 71 | 68 | 67 | 66 | |||||||||||||||||||||
Gains (losses) on financial transactions |
18 | 22 | 13 | 35 | 15 | 10 | 16 | |||||||||||||||||||||
Other operating income * |
9 | 11 | 11 | 12 | 13 | 16 | 10 | |||||||||||||||||||||
Gross income |
228 | 237 | 230 | 261 | 238 | 234 | 226 | |||||||||||||||||||||
Operating expenses |
(124 | ) | (123 | ) | (123 | ) | (128 | ) | (123 | ) | (122 | ) | (124 | ) | ||||||||||||||
General administrative expenses |
(109 | ) | (111 | ) | (111 | ) | (115 | ) | (114 | ) | (113 | ) | (115 | ) | ||||||||||||||
Personnel |
(71 | ) | (71 | ) | (71 | ) | (76 | ) | (71 | ) | (72 | ) | (72 | ) | ||||||||||||||
Other general administrative expenses |
(38 | ) | (40 | ) | (40 | ) | (39 | ) | (42 | ) | (41 | ) | (43 | ) | ||||||||||||||
Depreciation and amortisation |
(14 | ) | (12 | ) | (12 | ) | (12 | ) | (10 | ) | (9 | ) | (9 | ) | ||||||||||||||
Net operating income |
105 | 114 | 106 | 133 | 115 | 112 | 102 | |||||||||||||||||||||
Net loan-loss provisions |
(34 | ) | (40 | ) | (32 | ) | (17 | ) | (22 | ) | (21 | ) | (24 | ) | ||||||||||||||
Other income |
(30 | ) | (29 | ) | (20 | ) | (20 | ) | (21 | ) | (23 | ) | 23 | |||||||||||||||
Profit before taxes |
40 | 45 | 55 | 96 | 72 | 67 | 101 | |||||||||||||||||||||
Tax on profit |
(9 | ) | (9 | ) | (14 | ) | (24 | ) | (17 | ) | (18 | ) | (24 | ) | ||||||||||||||
Profit from continuing operations |
32 | 36 | 40 | 72 | 55 | 49 | 77 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
32 | 36 | 40 | 72 | 55 | 49 | 77 | |||||||||||||||||||||
Minority interests |
(2 | ) | (2 | ) | (0 | ) | 0 | 0 | (0 | ) | 0 | |||||||||||||||||
Attributable profit to the Group |
34 | 38 | 41 | 72 | 55 | 49 | 77 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
24,240 | 24,111 | 23,333 | 23,180 | 23,045 | 23,097 | 23,029 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
1,884 | 1,880 | 1,998 | 2,082 | 2,160 | 2,076 | 1,801 | |||||||||||||||||||||
Available-for-sale financial assets |
6,711 | 7,119 | 8,060 | 7,011 | 6,877 | 5,711 | 5,736 | |||||||||||||||||||||
Due from credit institutions ** |
2,540 | 2,491 | 2,466 | 2,163 | 2,173 | 1,934 | 2,097 | |||||||||||||||||||||
Intangible assets and property and equipment |
800 | 763 | 749 | 729 | 700 | 693 | 696 | |||||||||||||||||||||
Other assets |
5,810 | 6,276 | 6,708 | 6,450 | 5,857 | 5,903 | 5,999 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
41,986 | 42,640 | 43,313 | 41,616 | 40,813 | 39,415 | 39,358 | |||||||||||||||||||||
Customer deposits ** |
23,586 | 23,253 | 24,131 | 24,016 | 23,529 | 23,796 | 24,091 | |||||||||||||||||||||
Marketable debt securities ** |
2,248 | 3,811 | 3,793 | 2,855 | 2,732 | 2,608 | 2,566 | |||||||||||||||||||||
Subordinated debt ** |
0 | 0 | 0 | 0 | (0 | ) | 0 | 0 | ||||||||||||||||||||
Insurance liabilities |
80 | 80 | 80 | 27 | 30 | 24 | 22 | |||||||||||||||||||||
Due to credit institutions ** |
12,916 | 12,274 | 12,074 | 11,543 | 11,043 | 9,794 | 9,384 | |||||||||||||||||||||
Other liabilities |
857 | 922 | 769 | 787 | 888 | 971 | 920 | |||||||||||||||||||||
Stockholders equity *** |
2,299 | 2,300 | 2,466 | 2,388 | 2,591 | 2,221 | 2,376 | |||||||||||||||||||||
Other managed and marketed customer funds |
2,227 | 2,396 | 2,347 | 2,501 | 2,870 | 2,876 | 2,801 | |||||||||||||||||||||
Mutual funds |
1,185 | 1,311 | 1,246 | 1,276 | 1,530 | 1,555 | 1,489 | |||||||||||||||||||||
Pension funds |
862 | 864 | 849 | 911 | 962 | 910 | 906 | |||||||||||||||||||||
Managed portfolios |
179 | 222 | 252 | 314 | 379 | 411 | 406 | |||||||||||||||||||||
Managed and marketed customer funds |
28,061 | 29,460 | 30,271 | 29,372 | 29,131 | 29,281 | 29,458 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments
|
| |||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
8.26 | 8.16 | 8.49 | 8.89 | 8.96 | 8.80 | 8.86 | |||||||||||||||||||||
NPL coverage |
50.6 | 53.1 | 53.9 | 51.8 | 52.4 | 54.2 | 56.2 | |||||||||||||||||||||
Cost of credit |
0.63 | 0.55 | 0.47 | 0.50 | 0.45 | 0.38 | 0.35 |
41
Spains real estate activity
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
(24 | ) | (16 | ) | (9 | ) | 55.9 | |||||||||
Net fees |
0 | (1 | ) | 1 | | |||||||||||
Gains (losses) on financial transactions |
121 | 3 | 118 | | ||||||||||||
Other operating income * |
13 | (1 | ) | 14 | | |||||||||||
Gross income |
110 | (14 | ) | 124 | | |||||||||||
Operating expenses |
(181 | ) | (171 | ) | (10 | ) | 6.0 | |||||||||
General administrative expenses |
(173 | ) | (159 | ) | (13 | ) | 8.3 | |||||||||
Personnel |
(49 | ) | (42 | ) | (7 | ) | 16.6 | |||||||||
Other general administrative expenses |
(124 | ) | (118 | ) | (6 | ) | 5.4 | |||||||||
Depreciation and amortisation |
(8 | ) | (11 | ) | 3 | (25.9 | ) | |||||||||
Net operating income |
(71 | ) | (185 | ) | 113 | (61.4 | ) | |||||||||
Net loan-loss provisions |
(174 | ) | (236 | ) | 62 | (26.3 | ) | |||||||||
Other income |
(164 | ) | (286 | ) | 122 | (42.7 | ) | |||||||||
Profit before taxes |
(409 | ) | (706 | ) | 297 | (42.1 | ) | |||||||||
Tax on profit |
122 | 200 | (79 | ) | (39.2 | ) | ||||||||||
Profit from continuing operations |
(287 | ) | (506 | ) | 219 | (43.2 | ) | |||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
(287 | ) | (506 | ) | 219 | (43.2 | ) | |||||||||
Minority interests |
(7 | ) | (4 | ) | (3 | ) | 76.8 | |||||||||
Attributable profit to the Group |
(280 | ) | (502 | ) | 222 | (44.2 | ) | |||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
2,982 | 4,365 | (1,384 | ) | (31.7 | ) | ||||||||||
Trading portfolio (w/o loans) |
4 | | 4 | | ||||||||||||
Available-for-sale financial assets |
169 | 210 | (41 | ) | (19.5 | ) | ||||||||||
Due from credit institutions ** |
781 | 49 | 732 | | ||||||||||||
Intangible assets and property and equipment |
5,692 | 2,437 | 3,255 | 133.6 | ||||||||||||
Other assets |
6,535 | 3,498 | 3,037 | 86.8 | ||||||||||||
Total assets/liabilities & shareholders equity |
16,163 | 10,560 | 5,603 | 53.1 | ||||||||||||
Customer deposits ** |
153 | 224 | (71 | ) | (31.7 | ) | ||||||||||
Marketable debt securities ** |
0 | | 0 | | ||||||||||||
Subordinated debt ** |
| | | | ||||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
10,304 | 6,362 | 3,942 | 62.0 | ||||||||||||
Other liabilities |
1,402 | 303 | 1,099 | 362.3 | ||||||||||||
Stockholders equity *** |
4,304 | 3,671 | 633 | 17.2 | ||||||||||||
Other managed and marketed customer funds |
42 | 156 | (114 | ) | (72.9 | ) | ||||||||||
Mutual funds |
39 | 155 | (116 | ) | (74.9 | ) | ||||||||||
Pension funds |
1 | 1 | (0 | ) | (18.7 | ) | ||||||||||
Managed portfolios |
| | | | ||||||||||||
Managed and marketed customer funds |
195 | 380 | (184 | ) | (48.5 | ) |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
42
Spains real estate activity
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
(1 | ) | (11 | ) | (4 | ) | (4 | ) | (13 | ) | 0 | (11 | ) | |||||||||||||||
Net fees |
(0 | ) | (0 | ) | 0 | 0 | 0 | 1 | (1 | ) | ||||||||||||||||||
Gains (losses) on financial transactions |
(0 | ) | 1 | 2 | 5 | 44 | 34 | 43 | ||||||||||||||||||||
Other operating income * |
0 | (1 | ) | (0 | ) | (18 | ) | 8 | 11 | (5 | ) | |||||||||||||||||
Gross income |
(2 | ) | (11 | ) | (1 | ) | (17 | ) | 39 | 45 | 25 | |||||||||||||||||
Operating expenses |
(56 | ) | (58 | ) | (57 | ) | (59 | ) | (66 | ) | (57 | ) | (58 | ) | ||||||||||||||
General administrative expenses |
(52 | ) | (54 | ) | (53 | ) | (56 | ) | (62 | ) | (53 | ) | (57 | ) | ||||||||||||||
Personnel |
(14 | ) | (14 | ) | (13 | ) | (14 | ) | (18 | ) | (13 | ) | (17 | ) | ||||||||||||||
Other general administrative expenses |
(38 | ) | (40 | ) | (40 | ) | (42 | ) | (44 | ) | (40 | ) | (40 | ) | ||||||||||||||
Depreciation and amortisation |
(4 | ) | (4 | ) | (4 | ) | (3 | ) | (4 | ) | (3 | ) | (1 | ) | ||||||||||||||
Net operating income |
(58 | ) | (69 | ) | (58 | ) | (76 | ) | (27 | ) | (11 | ) | (33 | ) | ||||||||||||||
Net loan-loss provisions |
(77 | ) | (76 | ) | (83 | ) | (46 | ) | (42 | ) | (49 | ) | (83 | ) | ||||||||||||||
Other income |
(110 | ) | (90 | ) | (87 | ) | (66 | ) | (49 | ) | (54 | ) | (61 | ) | ||||||||||||||
Profit before taxes |
(244 | ) | (235 | ) | (227 | ) | (188 | ) | (119 | ) | (114 | ) | (176 | ) | ||||||||||||||
Tax on profit |
69 | 67 | 64 | 47 | 36 | 34 | 53 | |||||||||||||||||||||
Profit from continuing operations |
(175 | ) | (168 | ) | (163 | ) | (141 | ) | (83 | ) | (80 | ) | (124 | ) | ||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
(175 | ) | (168 | ) | (163 | ) | (141 | ) | (83 | ) | (80 | ) | (124 | ) | ||||||||||||||
Minority interests |
(2 | ) | (0 | ) | (2 | ) | 9 | 1 | (1 | ) | (8 | ) | ||||||||||||||||
Attributable profit to the Group |
(173 | ) | (168 | ) | (161 | ) | (150 | ) | (85 | ) | (79 | ) | (116 | ) | ||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
5,250 | 4,915 | 4,365 | 4,181 | 3,942 | 3,323 | 2,982 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
| | | | 6 | 4 | 4 | |||||||||||||||||||||
Available-for-sale financial assets |
210 | 210 | 210 | 210 | 167 | 168 | 169 | |||||||||||||||||||||
Due from credit institutions ** |
14 | 20 | 49 | 51 | 59 | 65 | 781 | |||||||||||||||||||||
Intangible assets and property and equipment |
3,131 | 2,794 | 2,437 | 5,950 | 5,865 | 5,804 | 5,692 | |||||||||||||||||||||
Other assets |
3,428 | 3,595 | 3,498 | 3,655 | 6,429 | 6,753 | 6,535 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
12,033 | 11,534 | 10,560 | 14,046 | 16,467 | 16,117 | 16,163 | |||||||||||||||||||||
Customer deposits ** |
238 | 215 | 224 | 137 | 149 | 245 | 153 | |||||||||||||||||||||
Marketable debt securities ** |
| | | | | | 0 | |||||||||||||||||||||
Subordinated debt ** |
| | | | | | | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
7,385 | 6,989 | 6,362 | 8,266 | 10,538 | 9,498 | 10,304 | |||||||||||||||||||||
Other liabilities |
329 | 418 | 303 | 1,587 | 1,624 | 1,841 | 1,402 | |||||||||||||||||||||
Stockholders equity *** |
4,081 | 3,911 | 3,671 | 4,056 | 4,156 | 4,533 | 4,304 | |||||||||||||||||||||
Other managed and marketed customer funds |
145 | 145 | 156 | 140 | 139 | 44 | 42 | |||||||||||||||||||||
Mutual funds |
144 | 144 | 155 | 140 | 138 | 43 | 39 | |||||||||||||||||||||
Pension funds |
1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||||||||||||||||||
Managed portfolios |
| | | | | | | |||||||||||||||||||||
Managed and marketed customer funds |
383 | 360 | 380 | 278 | 288 | 288 | 195 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
43
United Kingdom
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
3,691 | 3,113 | 578 | 18.6 | ||||||||||||
Net fees |
851 | 754 | 97 | 12.9 | ||||||||||||
Gains (losses) on financial transactions |
202 | 206 | (4 | ) | (1.9 | ) | ||||||||||
Other operating income * |
37 | 28 | 9 | 31.7 | ||||||||||||
Gross income |
4,781 | 4,101 | 680 | 16.6 | ||||||||||||
Operating expenses |
(2,511 | ) | (2,147 | ) | (363 | ) | 16.9 | |||||||||
General administrative expenses |
(2,267 | ) | (1,915 | ) | (353 | ) | 18.4 | |||||||||
Personnel |
(1,205 | ) | (1,149 | ) | (56 | ) | 4.9 | |||||||||
Other general administrative expenses |
(1,062 | ) | (765 | ) | (297 | ) | 38.8 | |||||||||
Depreciation and amortisation |
(243 | ) | (233 | ) | (11 | ) | 4.5 | |||||||||
Net operating income |
2,271 | 1,954 | 317 | 16.2 | ||||||||||||
Net loan-loss provisions |
(86 | ) | (296 | ) | 210 | (70.8 | ) | |||||||||
Other income |
(236 | ) | (182 | ) | (54 | ) | 29.5 | |||||||||
Profit before taxes |
1,948 | 1,476 | 473 | 32.0 | ||||||||||||
Tax on profit |
(426 | ) | (306 | ) | (120 | ) | 39.1 | |||||||||
Profit from continuing operations |
1,523 | 1,170 | 353 | 30.2 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,523 | 1,170 | 353 | 30.2 | ||||||||||||
Minority interests |
27 | | 27 | | ||||||||||||
Attributable profit to the Group |
1,496 | 1,170 | 326 | 27.9 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
284,003 | 248,940 | 35,063 | 14.1 | ||||||||||||
Trading portfolio (w/o loans) |
40,406 | 35,264 | 5,143 | 14.6 | ||||||||||||
Available-for-sale financial assets |
12,940 | 10,736 | 2,203 | 20.5 | ||||||||||||
Due from credit institutions ** |
14,995 | 16,766 | (1,771 | ) | (10.6 | ) | ||||||||||
Intangible assets and property and equipment |
3,043 | 2,502 | 540 | 21.6 | ||||||||||||
Other assets |
27,936 | 40,269 | (12,333 | ) | (30.6 | ) | ||||||||||
Total assets/liabilities & shareholders equity |
383,323 | 354,478 | 28,845 | 8.1 | ||||||||||||
Customer deposits ** |
227,212 | 203,721 | 23,491 | 11.5 | ||||||||||||
Marketable debt securities ** |
72,051 | 70,402 | 1,649 | 2.3 | ||||||||||||
Subordinated debt ** |
4,098 | 6,121 | (2,023 | ) | (33.0 | ) | ||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
24,871 | 25,560 | (690 | ) | (2.7 | ) | ||||||||||
Other liabilities |
38,500 | 33,665 | 4,835 | 14.4 | ||||||||||||
Stockholders equity *** |
16,591 | 15,009 | 1,582 | 10.5 | ||||||||||||
Other managed and marketed customer funds |
9,376 | 9,994 | (618 | ) | (6.2 | ) | ||||||||||
Mutual funds |
9,238 | 9,849 | (611 | ) | (6.2 | ) | ||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
138 | 145 | (7 | ) | (4.9 | ) | ||||||||||
Managed and marketed customer funds |
312,737 | 290,238 | 22,499 | 7.8 | ||||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments
|
||||||||||||||||
Ratios (%) and other data | ||||||||||||||||
ROE |
12.60 | 11.41 | 1.19 p. | |||||||||||||
Efficiency ratio (with amortisations) |
52.5 | 52.4 | 0.1 p. | |||||||||||||
NPL ratio |
1.51 | 1.80 | (0.29 p. | ) | ||||||||||||
NPL coverage |
39.6 | 43.4 | (3.8 p. | ) | ||||||||||||
Number of employees |
26,154 | 25,384 | 770 | 3.0 | ||||||||||||
Number of branches |
882 | 942 | (60 | ) | (6.4 | ) |
44
United Kingdom
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
989 | 1,035 | 1,089 | 1,121 | 1,194 | 1,247 | 1,250 | |||||||||||||||||||||
Net fees |
247 | 247 | 260 | 273 | 287 | 291 | 273 | |||||||||||||||||||||
Gains (losses) on financial transactions |
78 | 69 | 58 | 35 | 60 | 83 | 58 | |||||||||||||||||||||
Other operating income * |
15 | 4 | 9 | 9 | 10 | 4 | 23 | |||||||||||||||||||||
Gross income |
1,329 | 1,356 | 1,417 | 1,440 | 1,551 | 1,626 | 1,605 | |||||||||||||||||||||
Operating expenses |
(701 | ) | (709 | ) | (737 | ) | (771 | ) | (823 | ) | (843 | ) | (844 | ) | ||||||||||||||
General administrative expenses |
(614 | ) | (631 | ) | (670 | ) | (680 | ) | (749 | ) | (759 | ) | (760 | ) | ||||||||||||||
Personnel |
(366 | ) | (373 | ) | (410 | ) | (408 | ) | (396 | ) | (418 | ) | (391 | ) | ||||||||||||||
Other general administrative expenses |
(247 | ) | (258 | ) | (260 | ) | (272 | ) | (352 | ) | (341 | ) | (369 | ) | ||||||||||||||
Depreciation and amortisation |
(87 | ) | (79 | ) | (67 | ) | (91 | ) | (75 | ) | (85 | ) | (84 | ) | ||||||||||||||
Net operating income |
628 | 646 | 679 | 669 | 727 | 783 | 761 | |||||||||||||||||||||
Net loan-loss provisions |
(120 | ) | (87 | ) | (89 | ) | (36 | ) | (76 | ) | (18 | ) | 7 | |||||||||||||||
Other income |
(46 | ) | (63 | ) | (73 | ) | (136 | ) | (56 | ) | (51 | ) | (130 | ) | ||||||||||||||
Profit before taxes |
462 | 496 | 518 | 497 | 596 | 714 | 639 | |||||||||||||||||||||
Tax on profit |
(91 | ) | (103 | ) | (112 | ) | (110 | ) | (117 | ) | (159 | ) | (149 | ) | ||||||||||||||
Profit from continuing operations |
371 | 394 | 406 | 387 | 479 | 555 | 489 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
371 | 394 | 406 | 387 | 479 | 555 | 489 | |||||||||||||||||||||
Minority interests |
| | | | 8 | 9 | 10 | |||||||||||||||||||||
Attributable profit to the Group |
371 | 394 | 406 | 387 | 471 | 545 | 480 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
|
|||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
233,937 | 239,237 | 248,940 | 251,191 | 279,334 | 287,896 | 284,003 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
31,492 | 31,814 | 35,264 | 39,360 | 42,850 | 41,349 | 40,406 | |||||||||||||||||||||
Available-for-sale financial assets |
8,358 | 9,675 | 10,736 | 11,197 | 12,937 | 12,785 | 12,940 | |||||||||||||||||||||
Due from credit institutions ** |
17,772 | 14,391 | 16,766 | 14,093 | 19,885 | 17,654 | 14,995 | |||||||||||||||||||||
Intangible assets and property and equipment |
2,510 | 2,347 | 2,502 | 2,700 | 3,094 | 3,175 | 3,043 | |||||||||||||||||||||
Other assets |
44,325 | 39,704 | 40,269 | 35,695 | 34,749 | 26,772 | 27,936 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
338,393 | 337,169 | 354,478 | 354,235 | 392,848 | 389,632 | 383,323 | |||||||||||||||||||||
Customer deposits ** |
194,923 | 193,431 | 203,721 | 202,328 | 220,684 | 230,233 | 227,212 | |||||||||||||||||||||
Marketable debt securities ** |
66,366 | 65,816 | 70,402 | 69,581 | 78,569 | 72,622 | 72,051 | |||||||||||||||||||||
Subordinated debt ** |
5,814 | 5,931 | 6,121 | 5,376 | 5,787 | 5,273 | 4,098 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
29,013 | 27,331 | 25,560 | 26,720 | 26,264 | 26,331 | 24,871 | |||||||||||||||||||||
Other liabilities |
28,783 | 30,561 | 33,665 | 34,887 | 45,703 | 39,385 | 38,500 | |||||||||||||||||||||
Stockholders equity *** |
13,493 | 14,099 | 15,009 | 15,342 | 15,841 | 15,788 | 16,591 | |||||||||||||||||||||
Other managed and marketed customer funds |
9,630 | 9,885 | 9,994 | 9,667 | 10,469 | 10,807 | 9,376 | |||||||||||||||||||||
Mutual funds |
9,490 | 9,740 | 9,849 | 9,524 | 10,313 | 10,645 | 9,238 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
140 | 145 | 145 | 143 | 156 | 162 | 138 | |||||||||||||||||||||
Managed and marketed customer funds |
276,734 | 275,063 | 290,238 | 286,953 | 315,509 | 318,935 | 312,737 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item (***).- Capital + reserves + profit + valuation adjustments
|
|
|||||||||||||||||||||||||||
Other information | ||||||||||||||||||||||||||||
NPL ratio |
1.88 | 1.91 | 1.80 | 1.79 | 1.75 | 1.61 | 1.51 | |||||||||||||||||||||
NPL coverage |
42.9 | 41.1 | 43.4 | 41.9 | 41.2 | 40.3 | 39.6 | |||||||||||||||||||||
Cost of credit |
0.23 | 0.22 | 0.19 | 0.14 | 0.11 | 0.08 | 0.04 |
45
United Kingdom
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
3,691 | 3,477 | 215 | 6.2 | ||||||||||||
Net fees |
851 | 842 | 9 | 1.0 | ||||||||||||
Gains (losses) on financial transactions |
202 | 230 | (28 | ) | (12.1 | ) | ||||||||||
Other operating income * |
37 | 31 | 6 | 17.9 | ||||||||||||
Gross income |
4,781 | 4,580 | 201 | 4.4 | ||||||||||||
Operating expenses |
(2,511 | ) | (2,398 | ) | (113 | ) | 4.7 | |||||||||
General administrative expenses |
(2,267 | ) | (2,138 | ) | (129 | ) | 6.0 | |||||||||
Personnel |
(1,205 | ) | (1,283 | ) | 78 | (6.1 | ) | |||||||||
Other general administrative expenses |
(1,062 | ) | (855 | ) | (207 | ) | 24.3 | |||||||||
Depreciation and amortisation |
(243 | ) | (260 | ) | 17 | (6.4 | ) | |||||||||
Net operating income |
2,271 | 2,182 | 89 | 4.1 | ||||||||||||
Net loan-loss provisions |
(86 | ) | (330 | ) | 244 | (73.9 | ) | |||||||||
Other income |
(236 | ) | (204 | ) | (32 | ) | 15.9 | |||||||||
Profit before taxes |
1,948 | 1,648 | 300 | 18.2 | ||||||||||||
Tax on profit |
(426 | ) | (342 | ) | (84 | ) | 24.6 | |||||||||
Profit from continuing operations |
1,523 | 1,306 | 217 | 16.6 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,523 | 1,306 | 217 | 16.6 | ||||||||||||
Minority interests |
27 | | 27 | | ||||||||||||
Attributable profit to the Group |
1,496 | 1,306 | 189 | 14.5 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
284,003 | 262,019 | 21,984 | 8.4 | ||||||||||||
Trading portfolio (w/o loans) |
40,406 | 37,117 | 3,290 | 8.9 | ||||||||||||
Available-for-sale financial assets |
12,940 | 11,300 | 1,639 | 14.5 | ||||||||||||
Due from credit institutions ** |
14,995 | 17,647 | (2,652 | ) | (15.0 | ) | ||||||||||
Intangible assets and property and equipment |
3,043 | 2,634 | 409 | 15.5 | ||||||||||||
Other assets |
27,936 | 42,385 | (14,449 | ) | (34.1 | ) | ||||||||||
Total assets/liabilities & shareholders equity |
383,323 | 373,102 | 10,221 | 2.7 | ||||||||||||
Customer deposits ** |
227,212 | 214,424 | 12,788 | 6.0 | ||||||||||||
Marketable debt securities ** |
72,051 | 74,100 | (2,049 | ) | (2.8 | ) | ||||||||||
Subordinated debt ** |
4,098 | 6,442 | (2,344 | ) | (36.4 | ) | ||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
24,871 | 26,903 | (2,033 | ) | (7.6 | ) | ||||||||||
Other liabilities |
38,500 | 35,434 | 3,066 | 8.7 | ||||||||||||
Stockholders equity *** |
16,591 | 15,797 | 794 | 5.0 | ||||||||||||
Other managed and marketed customer funds |
9,376 | 10,519 | (1,143 | ) | (10.9 | ) | ||||||||||
Mutual funds |
9,238 | 10,367 | (1,128 | ) | (10.9 | ) | ||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
138 | 153 | (15 | ) | (9.6 | ) | ||||||||||
Managed and marketed customer funds |
312,737 | 305,486 | 7,251 | 2.4 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
46
United Kingdom
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,127 | 1,161 | 1,189 | 1,218 | 1,220 | 1,238 | 1,233 | |||||||||||||||||||||
Net fees |
282 | 277 | 284 | 297 | 293 | 289 | 269 | |||||||||||||||||||||
Gains (losses) on financial transactions |
89 | 78 | 63 | 38 | 61 | 83 | 57 | |||||||||||||||||||||
Other operating income * |
17 | 5 | 10 | 10 | 10 | 4 | 23 | |||||||||||||||||||||
Gross income |
1,514 | 1,520 | 1,546 | 1,563 | 1,585 | 1,614 | 1,582 | |||||||||||||||||||||
Operating expenses |
(798 | ) | (795 | ) | (805 | ) | (838 | ) | (841 | ) | (837 | ) | (832 | ) | ||||||||||||||
General administrative expenses |
(699 | ) | (707 | ) | (732 | ) | (739 | ) | (765 | ) | (753 | ) | (749 | ) | ||||||||||||||
Personnel |
(417 | ) | (418 | ) | (448 | ) | (444 | ) | (405 | ) | (415 | ) | (385 | ) | ||||||||||||||
Other general administrative expenses |
(282 | ) | (289 | ) | (284 | ) | (295 | ) | (360 | ) | (338 | ) | (364 | ) | ||||||||||||||
Depreciation and amortisation |
(99 | ) | (88 | ) | (73 | ) | (99 | ) | (76 | ) | (84 | ) | (83 | ) | ||||||||||||||
Net operating income |
715 | 725 | 742 | 726 | 744 | 777 | 750 | |||||||||||||||||||||
Net loan-loss provisions |
(137 | ) | (97 | ) | (96 | ) | (38 | ) | (77 | ) | (17 | ) | 8 | |||||||||||||||
Other income |
(53 | ) | (71 | ) | (80 | ) | (149 | ) | (57 | ) | (50 | ) | (129 | ) | ||||||||||||||
Profit before taxes |
526 | 557 | 565 | 539 | 609 | 710 | 629 | |||||||||||||||||||||
Tax on profit |
(104 | ) | (115 | ) | (123 | ) | (120 | ) | (120 | ) | (159 | ) | (147 | ) | ||||||||||||||
Profit from continuing operations |
422 | 441 | 443 | 419 | 490 | 551 | 482 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
422 | 441 | 443 | 419 | 490 | 551 | 482 | |||||||||||||||||||||
Minority interests |
| | | | 8 | 9 | 10 | |||||||||||||||||||||
Attributable profit to the Group |
422 | 441 | 443 | 419 | 482 | 542 | 472 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
|
|||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
262,351 | 259,646 | 262,019 | 264,933 | 275,097 | 277,332 | 284,003 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
35,317 | 34,528 | 37,117 | 41,513 | 42,200 | 39,832 | 40,406 | |||||||||||||||||||||
Available-for-sale financial assets |
9,373 | 10,501 | 11,300 | 11,809 | 12,741 | 12,316 | 12,940 | |||||||||||||||||||||
Due from credit institutions ** |
19,930 | 15,618 | 17,647 | 14,864 | 19,583 | 17,006 | 14,995 | |||||||||||||||||||||
Intangible assets and property and equipment |
2,814 | 2,548 | 2,634 | 2,847 | 3,047 | 3,059 | 3,043 | |||||||||||||||||||||
Other assets |
49,708 | 43,091 | 42,385 | 37,647 | 34,222 | 25,789 | 27,936 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
379,495 | 365,932 | 373,102 | 373,613 | 386,890 | 375,334 | 383,323 | |||||||||||||||||||||
Customer deposits ** |
218,599 | 209,932 | 214,424 | 213,397 | 217,337 | 221,784 | 227,212 | |||||||||||||||||||||
Marketable debt securities ** |
74,427 | 71,431 | 74,100 | 73,388 | 77,377 | 69,957 | 72,051 | |||||||||||||||||||||
Subordinated debt ** |
6,520 | 6,437 | 6,442 | 5,671 | 5,700 | 5,080 | 4,098 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
32,537 | 29,663 | 26,903 | 28,182 | 25,866 | 25,364 | 24,871 | |||||||||||||||||||||
Other liabilities |
32,279 | 33,168 | 35,434 | 36,795 | 45,010 | 37,940 | 38,500 | |||||||||||||||||||||
Stockholders equity *** |
15,132 | 15,301 | 15,797 | 16,181 | 15,600 | 15,208 | 16,591 | |||||||||||||||||||||
Other managed and marketed customer funds |
10,800 | 10,728 | 10,519 | 10,196 | 10,310 | 10,411 | 9,376 | |||||||||||||||||||||
Mutual funds |
10,642 | 10,571 | 10,367 | 10,045 | 10,156 | 10,254 | 9,238 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
158 | 157 | 153 | 151 | 154 | 156 | 138 | |||||||||||||||||||||
Managed and marketed customer funds |
310,347 | 298,529 | 305,486 | 302,651 | 310,724 | 307,231 | 312,737 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
47
United Kingdom
£ million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
2,682 | 2,526 | 156 | 6.2 | ||||||||||||
Net fees |
619 | 612 | 6 | 1.0 | ||||||||||||
Gains (losses) on financial transactions |
147 | 167 | (20 | ) | (12.1 | ) | ||||||||||
Other operating income * |
27 | 23 | 4 | 17.9 | ||||||||||||
Gross income |
3,475 | 3,328 | 146 | 4.4 | ||||||||||||
Operating expenses |
(1,824 | ) | (1,743 | ) | (82 | ) | 4.7 | |||||||||
General administrative expenses |
(1,648 | ) | (1,554 | ) | (94 | ) | 6.0 | |||||||||
Personnel |
(876 | ) | (933 | ) | 57 | (6.1 | ) | |||||||||
Other general administrative expenses |
(772 | ) | (621 | ) | (151 | ) | 24.3 | |||||||||
Depreciation and amortisation |
(177 | ) | (189 | ) | 12 | (6.4 | ) | |||||||||
Net operating income |
1,650 | 1,586 | 65 | 4.1 | ||||||||||||
Net loan-loss provisions |
(63 | ) | (240 | ) | 177 | (73.9 | ) | |||||||||
Other income |
(171 | ) | (148 | ) | (24 | ) | 15.9 | |||||||||
Profit before taxes |
1,416 | 1,198 | 218 | 18.2 | ||||||||||||
Tax on profit |
(309 | ) | (248 | ) | (61 | ) | 24.6 | |||||||||
Profit from continuing operations |
1,107 | 949 | 157 | 16.6 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,107 | 949 | 157 | 16.6 | ||||||||||||
Minority interests |
20 | | 20 | | ||||||||||||
Attributable profit to the Group |
1,087 | 949 | 138 | 14.5 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
209,736 | 193,501 | 16,235 | 8.4 | ||||||||||||
Trading portfolio (w/o loans) |
29,840 | 27,411 | 2,430 | 8.9 | ||||||||||||
Available-for-sale financial assets |
9,556 | 8,345 | 1,211 | 14.5 | ||||||||||||
Due from credit institutions ** |
11,074 | 13,033 | (1,959 | ) | (15.0 | ) | ||||||||||
Intangible assets and property and equipment |
2,247 | 1,945 | 302 | 15.5 | ||||||||||||
Other assets |
20,631 | 31,301 | (10,671 | ) | (34.1 | ) | ||||||||||
Total assets/liabilities & shareholders equity |
283,084 | 275,536 | 7,548 | 2.7 | ||||||||||||
Customer deposits ** |
167,796 | 158,352 | 9,444 | 6.0 | ||||||||||||
Marketable debt securities ** |
53,210 | 54,723 | (1,514 | ) | (2.8 | ) | ||||||||||
Subordinated debt ** |
3,026 | 4,758 | (1,731 | ) | (36.4 | ) | ||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
18,367 | 19,868 | (1,501 | ) | (7.6 | ) | ||||||||||
Other liabilities |
28,432 | 26,168 | 2,264 | 8.7 | ||||||||||||
Stockholders equity *** |
12,253 | 11,666 | 586 | 5.0 | ||||||||||||
Other managed and marketed customer funds |
6,924 | 7,769 | (844 | ) | (10.9 | ) | ||||||||||
Mutual funds |
6,822 | 7,656 | (833 | ) | (10.9 | ) | ||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
102 | 113 | (11 | ) | (9.6 | ) | ||||||||||
Managed and marketed customer funds |
230,956 | 225,602 | 5,355 | 2.4 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
48
United Kingdom
£ million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
819 | 844 | 864 | 885 | 887 | 900 | 896 | |||||||||||||||||||||
Net fees |
205 | 201 | 206 | 216 | 213 | 210 | 196 | |||||||||||||||||||||
Gains (losses) on financial transactions |
65 | 56 | 46 | 27 | 45 | 60 | 42 | |||||||||||||||||||||
Other operating income * |
12 | 3 | 7 | 7 | 7 | 3 | 17 | |||||||||||||||||||||
Gross income |
1,100 | 1,105 | 1,124 | 1,136 | 1,152 | 1,173 | 1,150 | |||||||||||||||||||||
Operating expenses |
(580 | ) | (578 | ) | (585 | ) | (609 | ) | (612 | ) | (608 | ) | (605 | ) | ||||||||||||||
General administrative expenses |
(508 | ) | (514 | ) | (532 | ) | (537 | ) | (556 | ) | (547 | ) | (545 | ) | ||||||||||||||
Personnel |
(303 | ) | (304 | ) | (326 | ) | (322 | ) | (294 | ) | (302 | ) | (280 | ) | ||||||||||||||
Other general administrative expenses |
(205 | ) | (210 | ) | (206 | ) | (215 | ) | (262 | ) | (245 | ) | (265 | ) | ||||||||||||||
Depreciation and amortisation |
(72 | ) | (64 | ) | (53 | ) | (72 | ) | (56 | ) | (61 | ) | (60 | ) | ||||||||||||||
Net operating income |
520 | 527 | 539 | 527 | 540 | 565 | 545 | |||||||||||||||||||||
Net loan-loss provisions |
(99 | ) | (71 | ) | (70 | ) | (27 | ) | (56 | ) | (12 | ) | 6 | |||||||||||||||
Other income |
(38 | ) | (51 | ) | (58 | ) | (108 | ) | (41 | ) | (36 | ) | (94 | ) | ||||||||||||||
Profit before taxes |
382 | 405 | 411 | 392 | 443 | 516 | 457 | |||||||||||||||||||||
Tax on profit |
(75 | ) | (84 | ) | (89 | ) | (87 | ) | (87 | ) | (115 | ) | (107 | ) | ||||||||||||||
Profit from continuing operations |
307 | 321 | 322 | 305 | 356 | 401 | 350 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
307 | 321 | 322 | 305 | 356 | 401 | 350 | |||||||||||||||||||||
Minority interests |
| | | | 6 | 7 | 7 | |||||||||||||||||||||
Attributable profit to the Group |
307 | 321 | 322 | 305 | 350 | 394 | 343 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
193,746 | 191,749 | 193,501 | 195,653 | 203,159 | 204,809 | 209,736 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
26,082 | 25,499 | 27,411 | 30,657 | 31,165 | 29,416 | 29,840 | |||||||||||||||||||||
Available-for-sale financial assets |
6,922 | 7,755 | 8,345 | 8,721 | 9,409 | 9,096 | 9,556 | |||||||||||||||||||||
Due from credit institutions ** |
14,718 | 11,534 | 13,033 | 10,977 | 14,462 | 12,559 | 11,074 | |||||||||||||||||||||
Intangible assets and property and equipment |
2,078 | 1,881 | 1,945 | 2,103 | 2,250 | 2,259 | 2,247 | |||||||||||||||||||||
Other assets |
36,710 | 31,823 | 31,301 | 27,803 | 25,273 | 19,045 | 20,631 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
280,257 | 270,241 | 275,536 | 275,913 | 285,718 | 277,184 | 283,084 | |||||||||||||||||||||
Customer deposits ** |
161,436 | 155,035 | 158,352 | 157,593 | 160,503 | 163,788 | 167,796 | |||||||||||||||||||||
Marketable debt securities ** |
54,964 | 52,751 | 54,723 | 54,197 | 57,143 | 51,663 | 53,210 | |||||||||||||||||||||
Subordinated debt ** |
4,815 | 4,754 | 4,758 | 4,188 | 4,209 | 3,751 | 3,026 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
24,028 | 21,906 | 19,868 | 20,812 | 19,102 | 18,732 | 18,367 | |||||||||||||||||||||
Other liabilities |
23,838 | 24,495 | 26,168 | 27,173 | 33,240 | 28,019 | 28,432 | |||||||||||||||||||||
Stockholders equity *** |
11,175 | 11,300 | 11,666 | 11,950 | 11,521 | 11,231 | 12,253 | |||||||||||||||||||||
Other managed and marketed customer funds |
7,976 | 7,923 | 7,769 | 7,529 | 7,614 | 7,688 | 6,924 | |||||||||||||||||||||
Mutual funds |
7,859 | 7,807 | 7,656 | 7,418 | 7,501 | 7,573 | 6,822 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
116 | 116 | 113 | 112 | 113 | 116 | 102 | |||||||||||||||||||||
Managed and marketed customer funds |
229,191 | 220,463 | 225,602 | 223,508 | 229,470 | 226,890 | 230,956 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
49
Latin America
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
10,489 | 10,136 | 353 | 3.5 | ||||||||||||
Net fees |
3,366 | 3,185 | 181 | 5.7 | ||||||||||||
Gains (losses) on financial transactions |
457 | 458 | (1 | ) | (0.3 | ) | ||||||||||
Other operating income * |
48 | 60 | (11 | ) | (18.9 | ) | ||||||||||
Gross income |
14,360 | 13,839 | 521 | 3.8 | ||||||||||||
Operating expenses |
(5,969 | ) | (5,791 | ) | (178 | ) | 3.1 | |||||||||
General administrative expenses |
(5,448 | ) | (5,248 | ) | (200 | ) | 3.8 | |||||||||
Personnel |
(2,978 | ) | (2,801 | ) | (176 | ) | 6.3 | |||||||||
Other general administrative expenses |
(2,471 | ) | (2,447 | ) | (24 | ) | 1.0 | |||||||||
Depreciation and amortisation |
(521 | ) | (542 | ) | 22 | (4.0 | ) | |||||||||
Net operating income |
8,392 | 8,048 | 343 | 4.3 | ||||||||||||
Net loan-loss provisions |
(3,677 | ) | (3,861 | ) | 184 | (4.8 | ) | |||||||||
Other income |
(740 | ) | (571 | ) | (169 | ) | 29.7 | |||||||||
Ordinary profit before taxes |
3,975 | 3,616 | 358 | 9.9 | ||||||||||||
Tax on profit |
(998 | ) | (885 | ) | (113 | ) | 12.8 | |||||||||
Ordinary profit from continuing operations |
2,977 | 2,732 | 245 | 9.0 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Ordinary consolidated profit |
2,977 | 2,732 | 245 | 9.0 | ||||||||||||
Minority interests |
477 | 618 | (141 | ) | (22.8 | ) | ||||||||||
Ordinary attributable profit to the Group |
2,500 | 2,114 | 386 | 18.3 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
129,593 | 136,111 | (6,518 | ) | (4.8 | ) | ||||||||||
Trading portfolio (w/o loans) |
37,178 | 33,690 | 3,488 | 10.4 | ||||||||||||
Available-for-sale financial assets |
23,722 | 22,683 | 1,039 | 4.6 | ||||||||||||
Due from credit institutions ** |
25,987 | 29,364 | (3,376 | ) | (11.5 | ) | ||||||||||
Intangible assets and property and equipment |
3,416 | 3,839 | (423 | ) | (11.0 | ) | ||||||||||
Other assets |
44,473 | 41,978 | 2,495 | 5.9 | ||||||||||||
Total assets/liabilities & shareholders equity |
264,369 | 267,665 | (3,295 | ) | (1.2 | ) | ||||||||||
Customer deposits ** |
118,044 | 131,120 | (13,075 | ) | (10.0 | ) | ||||||||||
Marketable debt securities ** |
31,939 | 32,935 | (996 | ) | (3.0 | ) | ||||||||||
Subordinated debt ** |
6,088 | 6,551 | (463 | ) | (7.1 | ) | ||||||||||
Insurance liabilities |
1 | | 1 | | ||||||||||||
Due to credit institutions ** |
41,682 | 30,672 | 11,009 | 35.9 | ||||||||||||
Other liabilities |
45,884 | 46,410 | (526 | ) | (1.1 | ) | ||||||||||
Stockholders equity *** |
20,731 | 19,977 | 754 | 3.8 | ||||||||||||
Other managed and marketed customer funds |
62,030 | 70,896 | (8,865 | ) | (12.5 | ) | ||||||||||
Mutual funds |
57,561 | 65,962 | (8,401 | ) | (12.7 | ) | ||||||||||
Pension funds |
| 0 | (0 | ) | (100.0 | ) | ||||||||||
Managed portfolios |
4,470 | 4,934 | (464 | ) | (9.4 | ) | ||||||||||
Managed and marketed customer funds |
218,103 | 241,501 | (23,399 | ) | (9.7 | ) | ||||||||||
(**).- Including all on-balance sheet balances for this item | ||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments | ||||||||||||||||
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil | ||||||||||||||||
Ratios (%) and other data | ||||||||||||||||
Ordinary ROE |
14.85 | 14.38 | 0.47 p. | |||||||||||||
Efficiency ratio (with amortisations) |
41.6 | 41.8 | (0.3 p. | ) | ||||||||||||
NPL ratio |
4.65 | 5.13 | (0.48 p. | ) | ||||||||||||
NPL coverage |
85.4 | 83.4 | 2.0 p. | |||||||||||||
Number of employees |
88,893 | 83,378 | 5,515 | 6.6 | ||||||||||||
Number of branches |
5,812 | 5,689 | 123 | 2.2 |
50
Latin America
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
3,289 | 3,432 | 3,415 | 3,484 | 3,545 | 3,610 | 3,334 | |||||||||||||||||||||
Net fees |
1,002 | 1,056 | 1,128 | 1,187 | 1,135 | 1,151 | 1,079 | |||||||||||||||||||||
Gains (losses) on financial transactions |
110 | 101 | 247 | 26 | 168 | 163 | 126 | |||||||||||||||||||||
Other operating income * |
(2 | ) | 42 | 20 | 22 | (2 | ) | 27 | 23 | |||||||||||||||||||
Gross income |
4,398 | 4,631 | 4,810 | 4,718 | 4,846 | 4,952 | 4,562 | |||||||||||||||||||||
Operating expenses |
(1,840 | ) | (1,915 | ) | (2,036 | ) | (2,060 | ) | (2,047 | ) | (2,027 | ) | (1,895 | ) | ||||||||||||||
General administrative expenses |
(1,657 | ) | (1,748 | ) | (1,844 | ) | (1,882 | ) | (1,865 | ) | (1,845 | ) | (1,738 | ) | ||||||||||||||
Personnel |
(882 | ) | (939 | ) | (981 | ) | (997 | ) | (1,002 | ) | (1,020 | ) | (956 | ) | ||||||||||||||
Other general administrative expenses |
(775 | ) | (809 | ) | (863 | ) | (885 | ) | (863 | ) | (826 | ) | (782 | ) | ||||||||||||||
Depreciation and amortisation |
(183 | ) | (167 | ) | (192 | ) | (178 | ) | (182 | ) | (182 | ) | (157 | ) | ||||||||||||||
Net operating income |
2,558 | 2,716 | 2,774 | 2,658 | 2,800 | 2,925 | 2,667 | |||||||||||||||||||||
Net loan-loss provisions |
(1,239 | ) | (1,281 | ) | (1,341 | ) | (1,258 | ) | (1,210 | ) | (1,226 | ) | (1,241 | ) | ||||||||||||||
Other income |
(161 | ) | (180 | ) | (231 | ) | (271 | ) | (203 | ) | (273 | ) | (264 | ) | ||||||||||||||
Ordinary profit before taxes |
1,158 | 1,255 | 1,203 | 1,129 | 1,386 | 1,426 | 1,163 | |||||||||||||||||||||
Tax on profit |
(304 | ) | (303 | ) | (278 | ) | (168 | ) | (401 | ) | (374 | ) | (223 | ) | ||||||||||||||
Ordinary profit from continuing operations |
854 | 952 | 925 | 960 | 985 | 1,052 | 940 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Ordinary consolidated profit |
854 | 952 | 925 | 960 | 985 | 1,052 | 940 | |||||||||||||||||||||
Minority interests |
199 | 215 | 204 | 172 | 145 | 176 | 156 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
655 | 737 | 721 | 788 | 840 | 876 | 783 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
126,074 | 132,196 | 136,111 | 139,955 | 146,660 | 145,094 | 129,593 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
24,745 | 31,059 | 33,690 | 31,766 | 34,791 | 34,585 | 37,178 | |||||||||||||||||||||
Available-for-sale financial assets |
26,665 | 25,018 | 22,683 | 31,174 | 31,013 | 34,670 | 23,722 | |||||||||||||||||||||
Due from credit institutions ** |
21,060 | 20,571 | 29,364 | 22,104 | 25,749 | 25,756 | 25,987 | |||||||||||||||||||||
Intangible assets and property and equipment |
3,812 | 3,804 | 3,839 | 3,912 | 4,116 | 4,056 | 3,416 | |||||||||||||||||||||
Other assets |
40,604 | 41,979 | 41,978 | 39,577 | 43,264 | 40,335 | 44,473 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
242,959 | 254,626 | 267,665 | 268,487 | 285,594 | 284,495 | 264,369 | |||||||||||||||||||||
Customer deposits ** |
120,815 | 122,383 | 131,120 | 131,826 | 135,772 | 133,402 | 118,044 | |||||||||||||||||||||
Marketable debt securities ** |
27,848 | 31,792 | 32,935 | 31,920 | 34,578 | 36,915 | 31,939 | |||||||||||||||||||||
Subordinated debt ** |
6,641 | 6,739 | 6,551 | 6,443 | 6,743 | 6,659 | 6,088 | |||||||||||||||||||||
Insurance liabilities |
| | | | 1 | 1 | 1 | |||||||||||||||||||||
Due to credit institutions ** |
26,504 | 30,846 | 30,672 | 35,978 | 38,413 | 40,921 | 41,682 | |||||||||||||||||||||
Other liabilities |
41,840 | 43,114 | 46,410 | 39,945 | 47,835 | 43,404 | 45,884 | |||||||||||||||||||||
Stockholders equity *** |
19,311 | 19,752 | 19,977 | 22,376 | 22,251 | 23,193 | 20,731 | |||||||||||||||||||||
Other managed and marketed customer funds |
63,161 | 68,213 | 70,896 | 69,567 | 70,073 | 71,585 | 62,030 | |||||||||||||||||||||
Mutual funds |
58,577 | 63,518 | 65,962 | 64,627 | 64,919 | 66,315 | 57,561 | |||||||||||||||||||||
Pension funds |
0 | (0 | ) | 0 | (0 | ) | | | | |||||||||||||||||||
Managed portfolios |
4,583 | 4,695 | 4,934 | 4,940 | 5,153 | 5,270 | 4,470 | |||||||||||||||||||||
Managed and marketed customer funds |
218,465 | 229,127 | 241,501 | 239,755 | 247,166 | 248,561 | 218,103 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item |
| |||||||||||||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments |
| |||||||||||||||||||||||||||
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil |
| |||||||||||||||||||||||||||
Other information | ||||||||||||||||||||||||||||
NPL ratio |
5.19 | 5.18 | 5.13 | 4.79 | 4.64 | 4.74 | 4.65 | |||||||||||||||||||||
NPL coverage |
85.9 | 86.0 | 83.4 | 84.5 | 83.6 | 84.4 | 85.4 | |||||||||||||||||||||
Cost of credit |
4.36 | 4.06 | 3.88 | 3.70 | 3.53 | 3.39 | 3.33 |
51
Latin America
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
10,489 | 9,564 | 925 | 9.7 | ||||||||||||
Net fees |
3,366 | 3,013 | 353 | 11.7 | ||||||||||||
Gains (losses) on financial transactions |
457 | 464 | (7 | ) | (1.5 | ) | ||||||||||
Other operating income * |
48 | 52 | (3 | ) | (6.3 | ) | ||||||||||
Gross income |
14,360 | 13,093 | 1,268 | 9.7 | ||||||||||||
Operating expenses |
(5,969 | ) | (5,494 | ) | (475 | ) | 8.6 | |||||||||
General administrative expenses |
(5,448 | ) | (4,986 | ) | (462 | ) | 9.3 | |||||||||
Personnel |
(2,978 | ) | (2,663 | ) | (314 | ) | 11.8 | |||||||||
Other general administrative expenses |
(2,471 | ) | (2,323 | ) | (148 | ) | 6.4 | |||||||||
Depreciation and amortisation |
(521 | ) | (508 | ) | (13 | ) | 2.6 | |||||||||
Net operating income |
8,392 | 7,599 | 793 | 10.4 | ||||||||||||
Net loan-loss provisions |
(3,677 | ) | (3,599 | ) | (78 | ) | 2.2 | |||||||||
Other income |
(740 | ) | (509 | ) | (231 | ) | 45.3 | |||||||||
Ordinary profit before taxes |
3,975 | 3,491 | 484 | 13.9 | ||||||||||||
Tax on profit |
(998 | ) | (845 | ) | (153 | ) | 18.1 | |||||||||
Ordinary profit from continuing operations |
2,977 | 2,646 | 331 | 12.5 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Ordinary consolidated profit |
2,977 | 2,646 | 331 | 12.5 | ||||||||||||
Minority interests |
477 | 596 | (119 | ) | (20.0 | ) | ||||||||||
Ordinary attributable profit to the Group |
2,500 | 2,050 | 450 | 22.0 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
129,593 | 109,479 | 20,115 | 18.4 | ||||||||||||
Trading portfolio (w/o loans) |
37,178 | 26,619 | 10,559 | 39.7 | ||||||||||||
Available-for-sale financial assets |
23,722 | 17,384 | 6,338 | 36.5 | ||||||||||||
Due from credit institutions ** |
25,987 | 23,517 | 2,470 | 10.5 | ||||||||||||
Intangible assets and property and equipment |
3,416 | 2,932 | 484 | 16.5 | ||||||||||||
Other assets |
44,473 | 31,680 | 12,793 | 40.4 | ||||||||||||
Total assets/liabilities & shareholders equity |
264,369 | 211,610 | 52,759 | 24.9 | ||||||||||||
Customer deposits ** |
118,044 | 105,093 | 12,951 | 12.3 | ||||||||||||
Marketable debt securities ** |
31,939 | 25,138 | 6,802 | 27.1 | ||||||||||||
Subordinated debt ** |
6,088 | 5,036 | 1,052 | 20.9 | ||||||||||||
Insurance liabilities |
1 | | 1 | | ||||||||||||
Due to credit institutions ** |
41,682 | 24,205 | 17,477 | 72.2 | ||||||||||||
Other liabilities |
45,884 | 36,261 | 9,622 | 26.5 | ||||||||||||
Stockholders equity *** |
20,731 | 15,877 | 4,854 | 30.6 | ||||||||||||
Other managed and marketed customer funds |
62,030 | 53,483 | 8,548 | 16.0 | ||||||||||||
Mutual funds |
57,561 | 49,654 | 7,907 | 15.9 | ||||||||||||
Pension funds |
| 0 | (0 | ) | (100.0 | ) | ||||||||||
Managed portfolios |
4,470 | 3,829 | 640 | 16.7 | ||||||||||||
Managed and marketed customer funds |
218,103 | 188,750 | 29,352 | 15.6 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
52
Latin America
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
3,190 | 3,217 | 3,156 | 3,333 | 3,339 | 3,516 | 3,635 | |||||||||||||||||||||
Net fees |
975 | 994 | 1,045 | 1,127 | 1,070 | 1,123 | 1,173 | |||||||||||||||||||||
Gains (losses) on financial transactions |
114 | 114 | 236 | 32 | 163 | 157 | 136 | |||||||||||||||||||||
Other operating income * |
(3 | ) | 37 | 17 | 17 | (3 | ) | 25 | 26 | |||||||||||||||||||
Gross income |
4,276 | 4,362 | 4,455 | 4,508 | 4,569 | 4,821 | 4,970 | |||||||||||||||||||||
Operating expenses |
(1,793 | ) | (1,808 | ) | (1,894 | ) | (1,965 | ) | (1,934 | ) | (1,975 | ) | (2,059 | ) | ||||||||||||||
General administrative expenses |
(1,615 | ) | (1,653 | ) | (1,718 | ) | (1,796 | ) | (1,763 | ) | (1,798 | ) | (1,887 | ) | ||||||||||||||
Personnel |
(859 | ) | (888 | ) | (916 | ) | (953 | ) | (947 | ) | (993 | ) | (1,037 | ) | ||||||||||||||
Other general administrative expenses |
(756 | ) | (765 | ) | (802 | ) | (844 | ) | (815 | ) | (805 | ) | (850 | ) | ||||||||||||||
Depreciation and amortisation |
(177 | ) | (155 | ) | (176 | ) | (169 | ) | (171 | ) | (177 | ) | (172 | ) | ||||||||||||||
Net operating income |
2,483 | 2,554 | 2,562 | 2,543 | 2,635 | 2,846 | 2,910 | |||||||||||||||||||||
Net loan-loss provisions |
(1,192 | ) | (1,183 | ) | (1,224 | ) | (1,189 | ) | (1,137 | ) | (1,192 | ) | (1,348 | ) | ||||||||||||||
Other income |
(151 | ) | (161 | ) | (197 | ) | (250 | ) | (187 | ) | (264 | ) | (289 | ) | ||||||||||||||
Ordinary profit before taxes |
1,139 | 1,210 | 1,141 | 1,104 | 1,311 | 1,389 | 1,274 | |||||||||||||||||||||
Tax on profit |
(296 | ) | (288 | ) | (262 | ) | (160 | ) | (378 | ) | (365 | ) | (255 | ) | ||||||||||||||
Ordinary profit from continuing operations |
844 | 922 | 879 | 944 | 933 | 1,024 | 1,019 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Ordinary consolidated profit |
844 | 922 | 879 | 944 | 933 | 1,024 | 1,019 | |||||||||||||||||||||
Minority interests |
196 | 207 | 192 | 174 | 139 | 170 | 168 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
647 | 715 | 687 | 770 | 795 | 854 | 851 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
103,643 | 106,004 | 109,479 | 115,245 | 120,948 | 123,119 | 129,593 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
20,706 | 24,596 | 26,619 | 25,835 | 28,928 | 29,560 | 37,178 | |||||||||||||||||||||
Available-for-sale financial assets |
20,451 | 18,629 | 17,384 | 24,259 | 24,921 | 28,155 | 23,722 | |||||||||||||||||||||
Due from credit institutions ** |
17,811 | 16,646 | 23,517 | 18,487 | 21,337 | 21,775 | 25,987 | |||||||||||||||||||||
Intangible assets and property and equipment |
2,948 | 2,855 | 2,932 | 3,107 | 3,350 | 3,363 | 3,416 | |||||||||||||||||||||
Other assets |
31,356 | 31,129 | 31,680 | 31,092 | 35,004 | 33,054 | 44,473 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
196,916 | 199,859 | 211,610 | 218,026 | 234,488 | 239,026 | 264,369 | |||||||||||||||||||||
Customer deposits ** |
99,183 | 97,485 | 105,093 | 108,879 | 112,217 | 113,249 | 118,044 | |||||||||||||||||||||
Marketable debt securities ** |
21,562 | 24,104 | 25,138 | 25,164 | 27,990 | 30,320 | 31,939 | |||||||||||||||||||||
Subordinated debt ** |
5,177 | 5,044 | 5,036 | 5,091 | 5,456 | 5,473 | 6,088 | |||||||||||||||||||||
Insurance liabilities |
| | | | 1 | 1 | 1 | |||||||||||||||||||||
Due to credit institutions ** |
21,618 | 24,461 | 24,205 | 28,501 | 31,378 | 33,999 | 41,682 | |||||||||||||||||||||
Other liabilities |
33,647 | 33,135 | 36,261 | 32,200 | 39,171 | 36,556 | 45,884 | |||||||||||||||||||||
Stockholders equity *** |
15,729 | 15,630 | 15,877 | 18,192 | 18,275 | 19,430 | 20,731 | |||||||||||||||||||||
Other managed and marketed customer funds |
48,645 | 50,824 | 53,483 | 54,421 | 56,651 | 58,631 | 62,030 | |||||||||||||||||||||
Mutual funds |
45,052 | 47,245 | 49,654 | 50,497 | 52,462 | 54,277 | 57,561 | |||||||||||||||||||||
Pension funds |
0 | (0 | ) | 0 | (0 | ) | | | | |||||||||||||||||||
Managed portfolios |
3,593 | 3,579 | 3,829 | 3,924 | 4,188 | 4,354 | 4,470 | |||||||||||||||||||||
Managed and marketed customer funds |
174,567 | 177,458 | 188,750 | 193,554 | 202,314 | 207,672 | 218,103 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
53
Latin America. Results
EUR million
Gross income | Net operating income | Ordinary profit to the Group * | ||||||||||||||||||||||||||||||||||
9M 15 | 9M 14 | Var. (%) | 9M 15 | 9M 14 | Var. (%) | 9M 15 | 9M 14 | Var. (%) | ||||||||||||||||||||||||||||
Brazil * |
8,643 | 8,936 | (3.3 | ) | 5,251 | 5,292 | (0.8 | ) | 1,315 | 1,076 | 22.1 | |||||||||||||||||||||||||
Mexico |
2,467 | 2,239 | 10.2 | 1,431 | 1,284 | 11.5 | 456 | 434 | 5.0 | |||||||||||||||||||||||||||
Chile |
1,792 | 1,586 | 13.0 | 1,049 | 949 | 10.6 | 378 | 339 | 11.5 | |||||||||||||||||||||||||||
Argentina |
1,155 | 854 | 35.3 | 516 | 437 | 18.1 | 274 | 217 | 26.0 | |||||||||||||||||||||||||||
Uruguay |
234 | 184 | 27.2 | 104 | 66 | 56.1 | 54 | 37 | 48.2 | |||||||||||||||||||||||||||
Peru |
57 | 35 | 60.5 | 39 | 23 | 73.6 | 23 | 15 | 54.2 | |||||||||||||||||||||||||||
Rest |
12 | 4 | 204.4 | 2 | (3 | ) | | 0 | (5 | ) | | |||||||||||||||||||||||||
Total * |
14,360 | 13,839 | 3.8 | 8,392 | 8,048 | 4.3 | 2,500 | 2,114 | 18.3 |
(*).- In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
54
Latin America. Results
Constant EUR million
Gross income | Net operating income | Ordinary profit to the Group * | ||||||||||||||||||||||||||||||||||
9M 15 | 9M 14 | Var. (%) | 9M 15 | 9M 14 | Var. (%) | 9M 15 | 9M 14 | Var. (%) | ||||||||||||||||||||||||||||
Brazil * |
8,643 | 7,943 | 8.8 | 5,251 | 4,704 | 11.6 | 1,315 | 957 | 37.4 | |||||||||||||||||||||||||||
Mexico |
2,467 | 2,296 | 7.4 | 1,431 | 1,317 | 8.7 | 456 | 445 | 2.4 | |||||||||||||||||||||||||||
Chile |
1,792 | 1,695 | 5.8 | 1,049 | 1,014 | 3.5 | 378 | 362 | 4.4 | |||||||||||||||||||||||||||
Argentina |
1,155 | 923 | 25.1 | 516 | 472 | 9.2 | 274 | 235 | 16.6 | |||||||||||||||||||||||||||
Uruguay |
234 | 194 | 21.1 | 104 | 70 | 48.6 | 54 | 39 | 41.2 | |||||||||||||||||||||||||||
Peru |
57 | 39 | 47.5 | 39 | 25 | 59.5 | 23 | 17 | 41.6 | |||||||||||||||||||||||||||
Rest |
12 | 4 | 238.0 | 2 | (2 | ) | | 0 | (4 | ) | | |||||||||||||||||||||||||
Total * |
14,360 | 13,093 | 9.7 | 8,392 | 7,599 | 10.4 | 2,500 | 2,050 | 22.0 |
(*).- In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
55
Brazil
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
6,416 | 6,693 | (276 | ) | (4.1 | ) | ||||||||||
Net fees |
2,012 | 2,050 | (38 | ) | (1.9 | ) | ||||||||||
Gains (losses) on financial transactions |
96 | 117 | (21 | ) | (18.0 | ) | ||||||||||
Other operating income * |
119 | 77 | 43 | 55.6 | ||||||||||||
Gross income |
8,643 | 8,936 | (293 | ) | (3.3 | ) | ||||||||||
Operating expenses |
(3,393 | ) | (3,644 | ) | 252 | (6.9 | ) | |||||||||
General administrative expenses |
(3,062 | ) | (3,261 | ) | 198 | (6.1 | ) | |||||||||
Personnel |
(1,671 | ) | (1,738 | ) | 68 | (3.9 | ) | |||||||||
Other general administrative expenses |
(1,392 | ) | (1,523 | ) | 131 | (8.6 | ) | |||||||||
Depreciation and amortisation |
(330 | ) | (384 | ) | 53 | (13.9 | ) | |||||||||
Net operating income |
5,251 | 5,292 | (42 | ) | (0.8 | ) | ||||||||||
Net loan-loss provisions |
(2,467 | ) | (2,795 | ) | 328 | (11.7 | ) | |||||||||
Other income |
(727 | ) | (561 | ) | (166 | ) | 29.6 | |||||||||
Ordinary profit before taxes |
2,057 | 1,936 | 121 | 6.2 | ||||||||||||
Tax on profit |
(582 | ) | (533 | ) | (49 | ) | 9.2 | |||||||||
Ordinary profit from continuing operations |
1,474 | 1,403 | 72 | 5.1 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Ordinary consolidated profit |
1,474 | 1,403 | 72 | 5.1 | ||||||||||||
Minority interests |
160 | 326 | (167 | ) | (51.0 | ) | ||||||||||
Ordinary attributable profit to the Group |
1,315 | 1,076 | 238 | 22.1 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
58,227 | 72,918 | (14,690 | ) | (20.1 | ) | ||||||||||
Trading portfolio (w/o loans) |
14,836 | 18,130 | (3,293 | ) | (18.2 | ) | ||||||||||
Available-for-sale financial assets |
15,086 | 15,290 | (204 | ) | (1.3 | ) | ||||||||||
Due from credit institutions ** |
12,564 | 14,982 | (2,417 | ) | (16.1 | ) | ||||||||||
Intangible assets and property and equipment |
2,129 | 2,742 | (614 | ) | (22.4 | ) | ||||||||||
Other assets |
32,139 | 30,763 | 1,376 | 4.5 | ||||||||||||
Total assets/liabilities & shareholders equity |
134,982 | 154,824 | (19,842 | ) | (12.8 | ) | ||||||||||
Customer deposits ** |
54,847 | 70,892 | (16,046 | ) | (22.6 | ) | ||||||||||
Marketable debt securities ** |
21,045 | 22,999 | (1,955 | ) | (8.5 | ) | ||||||||||
Subordinated debt ** |
3,986 | 4,372 | (385 | ) | (8.8 | ) | ||||||||||
Insurance liabilities |
1 | | 1 | | ||||||||||||
Due to credit institutions ** |
22,412 | 17,843 | 4,569 | 25.6 | ||||||||||||
Other liabilities |
21,795 | 27,543 | (5,748 | ) | (20.9 | ) | ||||||||||
Stockholders equity *** |
10,896 | 11,175 | (279 | ) | (2.5 | ) | ||||||||||
Other managed and marketed customer funds |
41,753 | 50,864 | (9,110 | ) | (17.9 | ) | ||||||||||
Mutual funds |
39,129 | 47,513 | (8,384 | ) | (17.6 | ) | ||||||||||
Pension funds |
| 0 | (0 | ) | (100.0 | ) | ||||||||||
Managed portfolios |
2,625 | 3,351 | (727 | ) | (21.7 | ) | ||||||||||
Managed and marketed customer funds |
121,631 | 149,127 | (27,496 | ) | (18.4 | ) | ||||||||||
(**).- Including all on-balance sheet balances for this item |
| |||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments |
| |||||||||||||||
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil |
| |||||||||||||||
Ratios (%) and other data |
||||||||||||||||
Ordinary ROE |
13.77 | 12.82 | 0.94 p. | |||||||||||||
Efficiency ratio (with amortisations) |
39.3 | 40.8 | (1.5 p. | ) | ||||||||||||
NPL ratio |
5.30 | 5.64 | (0.34 p. | ) | ||||||||||||
NPL coverage |
96.0 | 91.4 | 4.6 p. | |||||||||||||
Number of employees |
48,955 | 46,687 | 2,268 | 4.9 | ||||||||||||
Number of branches |
3,436 | 3,427 | 9 | 0.3 |
56
Brazil
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
2,179 | 2,266 | 2,247 | 2,157 | 2,254 | 2,186 | 1,976 | |||||||||||||||||||||
Net fees |
627 | 683 | 740 | 781 | 707 | 683 | 622 | |||||||||||||||||||||
Gains (losses) on financial transactions |
13 | (40 | ) | 144 | (35 | ) | 24 | 66 | 6 | |||||||||||||||||||
Other operating income * |
7 | 44 | 26 | 40 | 21 | 46 | 53 | |||||||||||||||||||||
Gross income |
2,826 | 2,952 | 3,158 | 2,943 | 3,007 | 2,981 | 2,656 | |||||||||||||||||||||
Operating expenses |
(1,140 | ) | (1,204 | ) | (1,299 | ) | (1,298 | ) | (1,187 | ) | (1,151 | ) | (1,056 | ) | ||||||||||||||
General administrative expenses |
(1,014 | ) | (1,083 | ) | (1,163 | ) | (1,177 | ) | (1,068 | ) | (1,034 | ) | (960 | ) | ||||||||||||||
Personnel |
(542 | ) | (583 | ) | (613 | ) | (615 | ) | (574 | ) | (571 | ) | (525 | ) | ||||||||||||||
Other general administrative expenses |
(472 | ) | (501 | ) | (550 | ) | (561 | ) | (494 | ) | (463 | ) | (435 | ) | ||||||||||||||
Depreciation and amortisation |
(126 | ) | (121 | ) | (136 | ) | (121 | ) | (118 | ) | (116 | ) | (96 | ) | ||||||||||||||
Net operating income |
1,686 | 1,748 | 1,858 | 1,645 | 1,820 | 1,830 | 1,600 | |||||||||||||||||||||
Net loan-loss provisions |
(905 | ) | (933 | ) | (958 | ) | (887 | ) | (826 | ) | (828 | ) | (813 | ) | ||||||||||||||
Other income |
(143 | ) | (166 | ) | (253 | ) | (244 | ) | (209 | ) | (263 | ) | (255 | ) | ||||||||||||||
Ordinary profit before taxes |
639 | 650 | 647 | 514 | 785 | 739 | 533 | |||||||||||||||||||||
Tax on profit |
(194 | ) | (178 | ) | (160 | ) | (111 | ) | (253 | ) | (230 | ) | (99 | ) | ||||||||||||||
Ordinary profit from continuing operations |
444 | 471 | 487 | 403 | 532 | 509 | 434 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Ordinary consolidated profit |
444 | 471 | 487 | 403 | 532 | 509 | 434 | |||||||||||||||||||||
Minority interests |
106 | 110 | 111 | 42 | 55 | 56 | 49 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
339 | 362 | 376 | 361 | 477 | 452 | 385 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
68,518 | 71,475 | 72,918 | 74,373 | 72,492 | 72,083 | 58,227 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
11,314 | 16,954 | 18,130 | 18,256 | 14,720 | 15,822 | 14,836 | |||||||||||||||||||||
Available-for-sale financial assets |
19,790 | 18,352 | 15,290 | 22,939 | 23,071 | 26,054 | 15,086 | |||||||||||||||||||||
Due from credit institutions ** |
9,048 | 10,129 | 14,982 | 10,276 | 11,351 | 13,299 | 12,564 | |||||||||||||||||||||
Intangible assets and property and equipment |
2,797 | 2,796 | 2,742 | 2,640 | 2,683 | 2,672 | 2,129 | |||||||||||||||||||||
Other assets |
29,629 | 31,608 | 30,763 | 27,803 | 29,622 | 28,573 | 32,139 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
141,097 | 151,315 | 154,824 | 156,287 | 153,938 | 158,503 | 134,982 | |||||||||||||||||||||
Customer deposits ** |
65,934 | 68,450 | 70,892 | 68,539 | 65,221 | 67,207 | 54,847 | |||||||||||||||||||||
Marketable debt securities ** |
19,898 | 21,772 | 22,999 | 21,903 | 22,597 | 24,688 | 21,045 | |||||||||||||||||||||
Subordinated debt ** |
4,585 | 4,821 | 4,372 | 4,368 | 4,471 | 4,455 | 3,986 | |||||||||||||||||||||
Insurance liabilities |
| | | | 1 | 1 | 1 | |||||||||||||||||||||
Due to credit institutions ** |
14,903 | 17,281 | 17,843 | 24,108 | 22,329 | 25,052 | 22,412 | |||||||||||||||||||||
Other liabilities |
24,873 | 27,691 | 27,543 | 24,386 | 27,084 | 23,590 | 21,795 | |||||||||||||||||||||
Stockholders equity *** |
10,904 | 11,300 | 11,175 | 12,983 | 12,236 | 13,509 | 10,896 | |||||||||||||||||||||
Other managed and marketed customer funds |
45,749 | 49,593 | 50,864 | 49,806 | 47,664 | 49,878 | 41,753 | |||||||||||||||||||||
Mutual funds |
42,602 | 46,394 | 47,513 | 46,559 | 44,589 | 46,614 | 39,129 | |||||||||||||||||||||
Pension funds |
0 | (0 | ) | 0 | (0 | ) | | | | |||||||||||||||||||
Managed portfolios |
3,147 | 3,199 | 3,351 | 3,248 | 3,075 | 3,264 | 2,625 | |||||||||||||||||||||
Managed and marketed customer funds |
136,165 | 144,636 | 149,127 | 144,616 | 139,953 | 146,228 | 121,631 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item |
| |||||||||||||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments |
| |||||||||||||||||||||||||||
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil |
| |||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
5.74 | 5.78 | 5.64 | 5.05 | 4.90 | 5.13 | 5.30 | |||||||||||||||||||||
NPL coverage |
95.2 | 94.8 | 91.4 | 95.4 | 95.2 | 95.9 | 96.0 | |||||||||||||||||||||
Cost of credit |
5.82 | 5.38 | 5.14 | 4.91 | 4.63 | 4.45 | 4.40 |
57
Brazil
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
6,416 | 5,949 | 468 | 7.9 | ||||||||||||
Net fees |
2,012 | 1,823 | 190 | 10.4 | ||||||||||||
Gains (losses) on financial transactions |
96 | 104 | (8 | ) | (7.7 | ) | ||||||||||
Other operating income * |
119 | 68 | 51 | 75.0 | ||||||||||||
Gross income |
8,643 | 7,943 | 700 | 8.8 | ||||||||||||
Operating expenses |
(3,393 | ) | (3,239 | ) | (153 | ) | 4.7 | |||||||||
General administrative expenses |
(3,062 | ) | (2,898 | ) | (164 | ) | 5.7 | |||||||||
Personnel |
(1,671 | ) | (1,545 | ) | (126 | ) | 8.1 | |||||||||
Other general administrative expenses |
(1,392 | ) | (1,353 | ) | (38 | ) | 2.8 | |||||||||
Depreciation and amortisation |
(330 | ) | (341 | ) | 11 | (3.1 | ) | |||||||||
Net operating income |
5,251 | 4,704 | 547 | 11.6 | ||||||||||||
Net loan-loss provisions |
(2,467 | ) | (2,485 | ) | 17 | (0.7 | ) | |||||||||
Other income |
(727 | ) | (499 | ) | (228 | ) | 45.8 | |||||||||
Ordinary profit before taxes |
2,057 | 1,721 | 336 | 19.5 | ||||||||||||
Tax on profit |
(582 | ) | (474 | ) | (108 | ) | 22.9 | |||||||||
Ordinary profit from continuing operations |
1,474 | 1,247 | 228 | 18.2 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Ordinary consolidated profit |
1,474 | 1,247 | 228 | 18.2 | ||||||||||||
Minority interests |
160 | 290 | (130 | ) | (44.9 | ) | ||||||||||
Ordinary attributable profit to the Group |
1,315 | 957 | 358 | 37.4 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
58,227 | 50,156 | 8,071 | 16.1 | ||||||||||||
Trading portfolio (w/o loans) |
14,836 | 12,470 | 2,366 | 19.0 | ||||||||||||
Available-for-sale financial assets |
15,086 | 10,517 | 4,569 | 43.4 | ||||||||||||
Due from credit institutions ** |
12,564 | 10,305 | 2,259 | 21.9 | ||||||||||||
Intangible assets and property and equipment |
2,129 | 1,886 | 242 | 12.9 | ||||||||||||
Other assets |
32,139 | 21,160 | 10,979 | 51.9 | ||||||||||||
Total assets/liabilities & shareholders equity |
134,982 | 106,495 | 28,487 | 26.7 | ||||||||||||
Customer deposits ** |
54,847 | 48,763 | 6,084 | 12.5 | ||||||||||||
Marketable debt securities ** |
21,045 | 15,820 | 5,225 | 33.0 | ||||||||||||
Subordinated debt ** |
3,986 | 3,007 | 979 | 32.6 | ||||||||||||
Insurance liabilities |
1 | | 1 | | ||||||||||||
Due to credit institutions ** |
22,412 | 12,273 | 10,139 | 82.6 | ||||||||||||
Other liabilities |
21,795 | 18,945 | 2,850 | 15.0 | ||||||||||||
Stockholders equity *** |
10,896 | 7,687 | 3,209 | 41.7 | ||||||||||||
Other managed and marketed customer funds |
41,753 | 34,987 | 6,767 | 19.3 | ||||||||||||
Mutual funds |
39,129 | 32,681 | 6,447 | 19.7 | ||||||||||||
Pension funds |
| 0 | (0 | ) | (100.0 | ) | ||||||||||
Managed portfolios |
2,625 | 2,305 | 320 | 13.9 | ||||||||||||
Managed and marketed customer funds |
121,631 | 102,576 | 19,055 | 18.6 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
58
Brazil
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
2,025 | 1,987 | 1,938 | 1,965 | 2,079 | 2,128 | 2,210 | |||||||||||||||||||||
Net fees |
583 | 599 | 640 | 709 | 652 | 664 | 695 | |||||||||||||||||||||
Gains (losses) on financial transactions |
12 | (37 | ) | 128 | (31 | ) | 22 | 63 | 11 | |||||||||||||||||||
Other operating income * |
6 | 39 | 22 | 37 | 19 | 44 | 56 | |||||||||||||||||||||
Gross income |
2,626 | 2,589 | 2,729 | 2,680 | 2,772 | 2,899 | 2,972 | |||||||||||||||||||||
Operating expenses |
(1,059 | ) | (1,057 | ) | (1,123 | ) | (1,180 | ) | (1,094 | ) | (1,120 | ) | (1,179 | ) | ||||||||||||||
General administrative expenses |
(942 | ) | (951 | ) | (1,005 | ) | (1,070 | ) | (985 | ) | (1,007 | ) | (1,070 | ) | ||||||||||||||
Personnel |
(504 | ) | (512 | ) | (530 | ) | (560 | ) | (530 | ) | (556 | ) | (585 | ) | ||||||||||||||
Other general administrative expenses |
(439 | ) | (439 | ) | (476 | ) | (510 | ) | (455 | ) | (451 | ) | (485 | ) | ||||||||||||||
Depreciation and amortisation |
(117 | ) | (106 | ) | (118 | ) | (110 | ) | (109 | ) | (113 | ) | (108 | ) | ||||||||||||||
Net operating income |
1,566 | 1,532 | 1,605 | 1,499 | 1,678 | 1,780 | 1,793 | |||||||||||||||||||||
Net loan-loss provisions |
(840 | ) | (818 | ) | (827 | ) | (808 | ) | (762 | ) | (805 | ) | (900 | ) | ||||||||||||||
Other income |
(132 | ) | (146 | ) | (221 | ) | (221 | ) | (193 | ) | (255 | ) | (280 | ) | ||||||||||||||
Ordinary profit before taxes |
594 | 569 | 558 | 470 | 723 | 720 | 613 | |||||||||||||||||||||
Tax on profit |
(181 | ) | (156 | ) | (138 | ) | (102 | ) | (233 | ) | (225 | ) | (125 | ) | ||||||||||||||
Ordinary profit from continuing operations |
413 | 414 | 420 | 368 | 491 | 495 | 489 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Ordinary consolidated profit |
413 | 414 | 420 | 368 | 491 | 495 | 489 | |||||||||||||||||||||
Minority interests |
98 | 96 | 96 | 39 | 51 | 55 | 54 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
315 | 317 | 325 | 329 | 440 | 440 | 434 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
47,826 | 47,857 | 50,156 | 53,458 | 56,556 | 55,820 | 58,227 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
7,897 | 11,352 | 12,470 | 13,122 | 11,484 | 12,252 | 14,836 | |||||||||||||||||||||
Available-for-sale financial assets |
13,814 | 12,288 | 10,517 | 16,488 | 17,999 | 20,176 | 15,086 | |||||||||||||||||||||
Due from credit institutions ** |
6,316 | 6,782 | 10,305 | 7,386 | 8,856 | 10,299 | 12,564 | |||||||||||||||||||||
Intangible assets and property and equipment |
1,953 | 1,872 | 1,886 | 1,897 | 2,093 | 2,069 | 2,129 | |||||||||||||||||||||
Other assets |
20,681 | 21,164 | 21,160 | 19,984 | 23,110 | 22,127 | 32,139 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
98,486 | 101,316 | 106,495 | 112,335 | 120,099 | 122,744 | 134,982 | |||||||||||||||||||||
Customer deposits ** |
46,022 | 45,832 | 48,763 | 49,264 | 50,883 | 52,045 | 54,847 | |||||||||||||||||||||
Marketable debt securities ** |
13,889 | 14,578 | 15,820 | 15,743 | 17,630 | 19,118 | 21,045 | |||||||||||||||||||||
Subordinated debt ** |
3,200 | 3,228 | 3,007 | 3,139 | 3,488 | 3,450 | 3,986 | |||||||||||||||||||||
Insurance liabilities |
| | | | 1 | 1 | 1 | |||||||||||||||||||||
Due to credit institutions ** |
10,402 | 11,571 | 12,273 | 17,328 | 17,420 | 19,400 | 22,412 | |||||||||||||||||||||
Other liabilities |
17,362 | 18,541 | 18,945 | 17,528 | 21,130 | 18,268 | 21,795 | |||||||||||||||||||||
Stockholders equity *** |
7,611 | 7,566 | 7,687 | 9,332 | 9,546 | 10,462 | 10,896 | |||||||||||||||||||||
Other managed and marketed customer funds |
31,933 | 33,206 | 34,987 | 35,799 | 37,187 | 38,625 | 41,753 | |||||||||||||||||||||
Mutual funds |
29,736 | 31,064 | 32,681 | 33,465 | 34,787 | 36,097 | 39,129 | |||||||||||||||||||||
Pension funds |
0 | (0 | ) | 0 | (0 | ) | | | | |||||||||||||||||||
Managed portfolios |
2,197 | 2,142 | 2,305 | 2,334 | 2,399 | 2,528 | 2,625 | |||||||||||||||||||||
Managed and marketed customer funds |
95,044 | 96,844 | 102,576 | 103,947 | 109,188 | 113,238 | 121,631 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
59
Brazil
R$ million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
22,372 | 20,742 | 1,630 | 7.9 | ||||||||||||
Net fees |
7,016 | 6,355 | 661 | 10.4 | ||||||||||||
Gains (losses) on financial transactions |
334 | 362 | (28 | ) | (7.7 | ) | ||||||||||
Other operating income * |
415 | 237 | 178 | 75.0 | ||||||||||||
Gross income |
30,137 | 27,696 | 2,441 | 8.8 | ||||||||||||
Operating expenses |
(11,829 | ) | (11,294 | ) | (535 | ) | 4.7 | |||||||||
General administrative expenses |
(10,677 | ) | (10,105 | ) | (572 | ) | 5.7 | |||||||||
Personnel |
(5,825 | ) | (5,387 | ) | (438 | ) | 8.1 | |||||||||
Other general administrative expenses |
(4,852 | ) | (4,719 | ) | (134 | ) | 2.8 | |||||||||
Depreciation and amortisation |
(1,152 | ) | (1,189 | ) | 37 | (3.1 | ) | |||||||||
Net operating income |
18,307 | 16,402 | 1,906 | 11.6 | ||||||||||||
Net loan-loss provisions |
(8,602 | ) | (8,663 | ) | 61 | (0.7 | ) | |||||||||
Other income |
(2,534 | ) | (1,739 | ) | (796 | ) | 45.8 | |||||||||
Ordinary profit before taxes |
7,171 | 6,000 | 1,171 | 19.5 | ||||||||||||
Tax on profit |
(2,030 | ) | (1,652 | ) | (378 | ) | 22.9 | |||||||||
Ordinary profit from continuing operations |
5,141 | 4,347 | 793 | 18.2 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Ordinary consolidated profit |
5,141 | 4,347 | 793 | 18.2 | ||||||||||||
Minority interests |
557 | 1,011 | (454 | ) | (44.9 | ) | ||||||||||
Ordinary attributable profit to the Group |
4,584 | 3,336 | 1,248 | 37.4 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
260,905 | 224,739 | 36,166 | 16.1 | ||||||||||||
Trading portfolio (w/o loans) |
66,478 | 55,877 | 10,601 | 19.0 | ||||||||||||
Available-for-sale financial assets |
67,598 | 47,125 | 20,474 | 43.4 | ||||||||||||
Due from credit institutions ** |
56,297 | 46,175 | 10,123 | 21.9 | ||||||||||||
Intangible assets and property and equipment |
9,538 | 8,452 | 1,087 | 12.9 | ||||||||||||
Other assets |
144,008 | 94,815 | 49,193 | 51.9 | ||||||||||||
Total assets/liabilities & shareholders equity |
604,826 | 477,183 | 127,643 | 26.7 | ||||||||||||
Customer deposits ** |
245,756 | 218,497 | 27,260 | 12.5 | ||||||||||||
Marketable debt securities ** |
94,297 | 70,886 | 23,411 | 33.0 | ||||||||||||
Subordinated debt ** |
17,861 | 13,473 | 4,388 | 32.6 | ||||||||||||
Insurance liabilities |
4 | | 4 | | ||||||||||||
Due to credit institutions ** |
100,426 | 54,994 | 45,431 | 82.6 | ||||||||||||
Other liabilities |
97,659 | 84,889 | 12,770 | 15.0 | ||||||||||||
Stockholders equity *** |
48,822 | 34,443 | 14,379 | 41.7 | ||||||||||||
Other managed and marketed customer funds |
187,089 | 156,768 | 30,321 | 19.3 | ||||||||||||
Mutual funds |
175,328 | 146,439 | 28,889 | 19.7 | ||||||||||||
Pension funds |
| 0 | (0 | ) | (100.0 | ) | ||||||||||
Managed portfolios |
11,761 | 10,329 | 1,432 | 13.9 | ||||||||||||
Managed and marketed customer funds |
545,003 | 459,623 | 85,379 | 18.6 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
60
Brazil
R$ million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
7,060 | 6,927 | 6,756 | 6,851 | 7,248 | 7,419 | 7,705 | |||||||||||||||||||||
Net fees |
2,032 | 2,090 | 2,233 | 2,473 | 2,275 | 2,317 | 2,424 | |||||||||||||||||||||
Gains (losses) on financial transactions |
42 | (127 | ) | 447 | (107 | ) | 77 | 220 | 37 | |||||||||||||||||||
Other operating income * |
21 | 137 | 78 | 128 | 67 | 153 | 195 | |||||||||||||||||||||
Gross income |
9,156 | 9,026 | 9,514 | 9,344 | 9,666 | 10,109 | 10,362 | |||||||||||||||||||||
Operating expenses |
(3,694 | ) | (3,684 | ) | (3,917 | ) | (4,116 | ) | (3,815 | ) | (3,904 | ) | (4,110 | ) | ||||||||||||||
General administrative expenses |
(3,285 | ) | (3,315 | ) | (3,506 | ) | (3,731 | ) | (3,434 | ) | (3,511 | ) | (3,732 | ) | ||||||||||||||
Personnel |
(1,756 | ) | (1,784 | ) | (1,847 | ) | (1,952 | ) | (1,847 | ) | (1,937 | ) | (2,040 | ) | ||||||||||||||
Other general administrative expenses |
(1,529 | ) | (1,531 | ) | (1,658 | ) | (1,779 | ) | (1,587 | ) | (1,573 | ) | (1,692 | ) | ||||||||||||||
Depreciation and amortisation |
(409 | ) | (369 | ) | (411 | ) | (385 | ) | (381 | ) | (394 | ) | (378 | ) | ||||||||||||||
Net operating income |
5,462 | 5,343 | 5,597 | 5,228 | 5,851 | 6,205 | 6,251 | |||||||||||||||||||||
Net loan-loss provisions |
(2,930 | ) | (2,850 | ) | (2,882 | ) | (2,818 | ) | (2,657 | ) | (2,808 | ) | (3,138 | ) | ||||||||||||||
Other income |
(462 | ) | (508 | ) | (770 | ) | (772 | ) | (672 | ) | (888 | ) | (975 | ) | ||||||||||||||
Ordinary profit before taxes |
2,070 | 1,985 | 1,945 | 1,638 | 2,523 | 2,509 | 2,139 | |||||||||||||||||||||
Tax on profit |
(630 | ) | (543 | ) | (479 | ) | (356 | ) | (812 | ) | (783 | ) | (435 | ) | ||||||||||||||
Ordinary profit from continuing operations |
1,440 | 1,442 | 1,466 | 1,283 | 1,711 | 1,726 | 1,704 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Ordinary consolidated profit |
1,440 | 1,442 | 1,466 | 1,283 | 1,711 | 1,726 | 1,704 | |||||||||||||||||||||
Minority interests |
342 | 336 | 333 | 137 | 177 | 191 | 190 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
1,098 | 1,106 | 1,132 | 1,146 | 1,534 | 1,536 | 1,514 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
214,298 | 214,440 | 224,739 | 239,534 | 253,417 | 250,119 | 260,905 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
35,386 | 50,867 | 55,877 | 58,797 | 51,459 | 54,899 | 66,478 | |||||||||||||||||||||
Available-for-sale financial assets |
61,896 | 55,060 | 47,125 | 73,879 | 80,650 | 90,406 | 67,598 | |||||||||||||||||||||
Due from credit institutions ** |
28,299 | 30,390 | 46,175 | 33,096 | 39,680 | 46,147 | 56,297 | |||||||||||||||||||||
Intangible assets and property and equipment |
8,749 | 8,389 | 8,452 | 8,501 | 9,380 | 9,271 | 9,538 | |||||||||||||||||||||
Other assets |
92,667 | 94,830 | 94,815 | 89,545 | 103,552 | 99,147 | 144,008 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
441,295 | 453,975 | 477,183 | 503,353 | 538,138 | 549,990 | 604,826 | |||||||||||||||||||||
Customer deposits ** |
206,215 | 205,364 | 218,497 | 220,744 | 227,998 | 233,203 | 245,756 | |||||||||||||||||||||
Marketable debt securities ** |
62,233 | 65,322 | 70,886 | 70,543 | 78,994 | 85,665 | 94,297 | |||||||||||||||||||||
Subordinated debt ** |
14,339 | 14,463 | 13,473 | 14,067 | 15,630 | 15,457 | 17,861 | |||||||||||||||||||||
Insurance liabilities |
| | | | 3 | 4 | 4 | |||||||||||||||||||||
Due to credit institutions ** |
46,611 | 51,846 | 54,994 | 77,644 | 78,056 | 86,929 | 100,426 | |||||||||||||||||||||
Other liabilities |
77,794 | 83,077 | 84,889 | 78,540 | 94,682 | 81,855 | 97,659 | |||||||||||||||||||||
Stockholders equity *** |
34,103 | 33,903 | 34,443 | 41,815 | 42,774 | 46,876 | 48,822 | |||||||||||||||||||||
Other managed and marketed customer funds |
143,083 | 148,788 | 156,768 | 160,410 | 166,625 | 173,071 | 187,089 | |||||||||||||||||||||
Mutual funds |
133,241 | 139,191 | 146,439 | 149,951 | 155,875 | 161,745 | 175,328 | |||||||||||||||||||||
Pension funds |
0 | (0 | ) | 0 | (0 | ) | | | | |||||||||||||||||||
Managed portfolios |
9,842 | 9,597 | 10,329 | 10,459 | 10,750 | 11,326 | 11,761 | |||||||||||||||||||||
Managed and marketed customer funds |
425,871 | 433,937 | 459,623 | 465,765 | 489,248 | 507,397 | 545,003 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
61
Mexico
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
1,818 | 1,567 | 251 | 16.0 | ||||||||||||
Net fees |
601 | 568 | 33 | 5.9 | ||||||||||||
Gains (losses) on financial transactions |
102 | 139 | (37 | ) | (26.4 | ) | ||||||||||
Other operating income * |
(54 | ) | (34 | ) | (20 | ) | 58.9 | |||||||||
Gross income |
2,467 | 2,239 | 228 | 10.2 | ||||||||||||
Operating expenses |
(1,035 | ) | (955 | ) | (80 | ) | 8.4 | |||||||||
General administrative expenses |
(948 | ) | (879 | ) | (69 | ) | 7.8 | |||||||||
Personnel |
(504 | ) | (435 | ) | (68 | ) | 15.7 | |||||||||
Other general administrative expenses |
(444 | ) | (444 | ) | (0 | ) | 0.1 | |||||||||
Depreciation and amortisation |
(88 | ) | (76 | ) | (12 | ) | 15.2 | |||||||||
Net operating income |
1,431 | 1,284 | 147 | 11.5 | ||||||||||||
Net loan-loss provisions |
(662 | ) | (579 | ) | (83 | ) | 14.3 | |||||||||
Other income |
6 | 2 | 4 | 159.2 | ||||||||||||
Profit before taxes |
776 | 707 | 68 | 9.7 | ||||||||||||
Tax on profit |
(169 | ) | (139 | ) | (30 | ) | 21.7 | |||||||||
Profit from continuing operations |
607 | 569 | 38 | 6.7 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
607 | 569 | 38 | 6.7 | ||||||||||||
Minority interests |
152 | 135 | 17 | 12.3 | ||||||||||||
Attributable profit to the Group |
456 | 434 | 22 | 5.0 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
28,198 | 26,162 | 2,036 | 7.8 | ||||||||||||
Trading portfolio (w/o loans) |
18,448 | 12,469 | 5,979 | 47.9 | ||||||||||||
Available-for-sale financial assets |
4,939 | 4,097 | 841 | 20.5 | ||||||||||||
Due from credit institutions ** |
7,744 | 9,606 | (1,862 | ) | (19.4 | ) | ||||||||||
Intangible assets and property and equipment |
363 | 392 | (29 | ) | (7.4 | ) | ||||||||||
Other assets |
5,716 | 5,463 | 253 | 4.6 | ||||||||||||
Total assets/liabilities & shareholders equity |
65,408 | 58,189 | 7,219 | 12.4 | ||||||||||||
Customer deposits ** |
26,540 | 28,691 | (2,151 | ) | (7.5 | ) | ||||||||||
Marketable debt securities ** |
4,068 | 3,791 | 277 | 7.3 | ||||||||||||
Subordinated debt ** |
1,159 | 1,027 | 132 | 12.9 | ||||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
11,794 | 6,617 | 5,177 | 78.2 | ||||||||||||
Other liabilities |
16,801 | 13,302 | 3,499 | 26.3 | ||||||||||||
Stockholders equity *** |
5,045 | 4,762 | 284 | 6.0 | ||||||||||||
Other managed and marketed customer funds |
11,631 | 12,406 | (775 | ) | (6.2 | ) | ||||||||||
Mutual funds |
11,631 | 12,406 | (775 | ) | (6.2 | ) | ||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
| | | | ||||||||||||
Managed and marketed customer funds |
43,399 | 45,915 | (2,516 | ) | (5.5 | ) | ||||||||||
(**).- Including all on-balance sheet balances for this item |
| |||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments |
| |||||||||||||||
Ratios (%) and other data |
| |||||||||||||||
ROE |
12.51 | 12.67 | (0.15 p. | ) | ||||||||||||
Efficiency ratio (with amortisations) |
42.0 | 42.6 | (0.7 p. | ) | ||||||||||||
NPL ratio |
3.54 | 3.74 | (0.20 p. | ) | ||||||||||||
NPL coverage |
93.0 | 90.1 | 2.9 p. | |||||||||||||
Number of employees |
17,704 | 15,912 | 1,792 | 11.3 | ||||||||||||
Number of branches |
1,354 | 1,299 | 55 | 4.2 |
62
Mexico
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
499 | 518 | 549 | 572 | 597 | 621 | 600 | |||||||||||||||||||||
Net fees |
189 | 188 | 191 | 197 | 194 | 213 | 194 | |||||||||||||||||||||
Gains (losses) on financial transactions |
26 | 61 | 52 | 22 | 43 | 33 | 26 | |||||||||||||||||||||
Other operating income * |
(12 | ) | (7 | ) | (15 | ) | (10 | ) | (15 | ) | (14 | ) | (26 | ) | ||||||||||||||
Gross income |
701 | 760 | 778 | 780 | 819 | 854 | 794 | |||||||||||||||||||||
Operating expenses |
(312 | ) | (317 | ) | (325 | ) | (328 | ) | (355 | ) | (353 | ) | (327 | ) | ||||||||||||||
General administrative expenses |
(286 | ) | (293 | ) | (299 | ) | (301 | ) | (325 | ) | (322 | ) | (301 | ) | ||||||||||||||
Personnel |
(138 | ) | (144 | ) | (153 | ) | (158 | ) | (168 | ) | (173 | ) | (163 | ) | ||||||||||||||
Other general administrative expenses |
(148 | ) | (149 | ) | (147 | ) | (143 | ) | (157 | ) | (148 | ) | (138 | ) | ||||||||||||||
Depreciation and amortisation |
(26 | ) | (24 | ) | (26 | ) | (27 | ) | (30 | ) | (32 | ) | (26 | ) | ||||||||||||||
Net operating income |
389 | 442 | 453 | 452 | 463 | 501 | 467 | |||||||||||||||||||||
Net loan-loss provisions |
(179 | ) | (191 | ) | (210 | ) | (177 | ) | (211 | ) | (224 | ) | (227 | ) | ||||||||||||||
Other income |
(2 | ) | (2 | ) | 6 | (1 | ) | 8 | (2 | ) | 1 | |||||||||||||||||
Profit before taxes |
209 | 250 | 249 | 274 | 260 | 274 | 241 | |||||||||||||||||||||
Tax on profit |
(43 | ) | (50 | ) | (45 | ) | (46 | ) | (59 | ) | (61 | ) | (48 | ) | ||||||||||||||
Profit from continuing operations |
166 | 200 | 204 | 228 | 201 | 213 | 193 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
166 | 200 | 204 | 228 | 201 | 213 | 193 | |||||||||||||||||||||
Minority interests |
40 | 46 | 49 | 56 | 48 | 53 | 50 | |||||||||||||||||||||
Attributable profit to the Group |
126 | 154 | 154 | 172 | 153 | 160 | 143 | |||||||||||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
22,381 | 24,516 | 26,162 | 25,873 | 29,112 | 28,609 | 28,198 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
11,293 | 11,603 | 12,469 | 10,185 | 16,677 | 15,391 | 18,448 | |||||||||||||||||||||
Available-for-sale financial assets |
3,475 | 3,944 | 4,097 | 4,624 | 4,065 | 3,986 | 4,939 | |||||||||||||||||||||
Due from credit institutions ** |
8,347 | 6,975 | 9,606 | 7,058 | 8,447 | 7,086 | 7,744 | |||||||||||||||||||||
Intangible assets and property and equipment |
395 | 397 | 392 | 440 | 493 | 460 | 363 | |||||||||||||||||||||
Other assets |
5,637 | 5,494 | 5,463 | 5,545 | 6,323 | 5,781 | 5,716 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
51,529 | 52,928 | 58,189 | 53,726 | 65,118 | 61,312 | 65,408 | |||||||||||||||||||||
Customer deposits ** |
25,592 | 24,803 | 28,691 | 28,627 | 30,965 | 28,747 | 26,540 | |||||||||||||||||||||
Marketable debt securities ** |
2,496 | 3,818 | 3,791 | 3,266 | 4,492 | 4,720 | 4,068 | |||||||||||||||||||||
Subordinated debt ** |
946 | 971 | 1,027 | 1,088 | 1,202 | 1,181 | 1,159 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
5,935 | 7,868 | 6,617 | 6,206 | 9,988 | 8,473 | 11,794 | |||||||||||||||||||||
Other liabilities |
12,010 | 10,799 | 13,302 | 9,796 | 13,608 | 13,329 | 16,801 | |||||||||||||||||||||
Stockholders equity *** |
4,551 | 4,669 | 4,762 | 4,744 | 4,863 | 4,862 | 5,045 | |||||||||||||||||||||
Other managed and marketed customer funds |
11,016 | 11,724 | 12,406 | 11,523 | 13,222 | 12,557 | 11,631 | |||||||||||||||||||||
Mutual funds |
11,016 | 11,724 | 12,406 | 11,523 | 13,222 | 12,557 | 11,631 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
| | | | | | | |||||||||||||||||||||
Managed and marketed customer funds |
40,049 | 41,316 | 45,915 | 44,504 | 49,881 | 47,205 | 43,399 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item |
||||||||||||||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments |
||||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
3.62 | 3.52 | 3.74 | 3.84 | 3.71 | 3.81 | 3.54 | |||||||||||||||||||||
NPL coverage |
98.6 | 96.6 | 90.1 | 86.1 | 88.4 | 87.5 | 93.0 | |||||||||||||||||||||
Cost of credit |
3.59 | 3.58 | 3.26 | 2.98 | 2.92 | 2.89 | 2.87 |
63
Mexico
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
1,818 | 1,607 | 211 | 13.1 | ||||||||||||
Net fees |
601 | 582 | 19 | 3.2 | ||||||||||||
Gains (losses) on financial transactions |
102 | 142 | (40 | ) | (28.3 | ) | ||||||||||
Other operating income * |
(54 | ) | (35 | ) | (19 | ) | 54.9 | |||||||||
Gross income |
2,467 | 2,296 | 170 | 7.4 | ||||||||||||
Operating expenses |
(1,035 | ) | (979 | ) | (56 | ) | 5.7 | |||||||||
General administrative expenses |
(948 | ) | (901 | ) | (46 | ) | 5.1 | |||||||||
Personnel |
(504 | ) | (446 | ) | (57 | ) | 12.8 | |||||||||
Other general administrative expenses |
(444 | ) | (455 | ) | 11 | (2.4 | ) | |||||||||
Depreciation and amortisation |
(88 | ) | (78 | ) | (10 | ) | 12.3 | |||||||||
Net operating income |
1,431 | 1,317 | 114 | 8.7 | ||||||||||||
Net loan-loss provisions |
(662 | ) | (594 | ) | (68 | ) | 11.4 | |||||||||
Other income |
6 | 3 | 4 | 152.7 | ||||||||||||
Profit before taxes |
776 | 726 | 50 | 6.9 | ||||||||||||
Tax on profit |
(169 | ) | (142 | ) | (26 | ) | 18.6 | |||||||||
Profit from continuing operations |
607 | 583 | 24 | 4.1 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
607 | 583 | 24 | 4.1 | ||||||||||||
Minority interests |
152 | 138 | 13 | 9.5 | ||||||||||||
Attributable profit to the Group |
456 | 445 | 11 | 2.4 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
28,198 | 23,433 | 4,764 | 20.3 | ||||||||||||
Trading portfolio (w/o loans) |
18,448 | 11,169 | 7,279 | 65.2 | ||||||||||||
Available-for-sale financial assets |
4,939 | 3,670 | 1,269 | 34.6 | ||||||||||||
Due from credit institutions ** |
7,744 | 8,604 | (860 | ) | (10.0 | ) | ||||||||||
Intangible assets and property and equipment |
363 | 351 | 12 | 3.4 | ||||||||||||
Other assets |
5,716 | 4,894 | 823 | 16.8 | ||||||||||||
Total assets/liabilities & shareholders equity |
65,408 | 52,121 | 13,287 | 25.5 | ||||||||||||
Customer deposits ** |
26,540 | 25,699 | 841 | 3.3 | ||||||||||||
Marketable debt securities ** |
4,068 | 3,396 | 673 | 19.8 | ||||||||||||
Subordinated debt ** |
1,159 | 920 | 239 | 26.0 | ||||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
11,794 | 5,926 | 5,867 | 99.0 | ||||||||||||
Other liabilities |
16,801 | 11,915 | 4,886 | 41.0 | ||||||||||||
Stockholders equity *** |
5,045 | 4,265 | 780 | 18.3 | ||||||||||||
Other managed and marketed customer funds |
11,631 | 11,112 | 519 | 4.7 | ||||||||||||
Mutual funds |
11,631 | 11,112 | 519 | 4.7 | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
| | | | ||||||||||||
Managed and marketed customer funds |
43,399 | 41,126 | 2,273 | 5.5 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
64
Mexico
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
522 | 533 | 551 | 572 | 580 | 606 | 632 | |||||||||||||||||||||
Net fees |
198 | 193 | 192 | 196 | 188 | 209 | 204 | |||||||||||||||||||||
Gains (losses) on financial transactions |
27 | 63 | 52 | 21 | 41 | 33 | 28 | |||||||||||||||||||||
Other operating income * |
(13 | ) | (7 | ) | (15 | ) | (10 | ) | (14 | ) | (13 | ) | (27 | ) | ||||||||||||||
Gross income |
734 | 782 | 780 | 779 | 795 | 834 | 837 | |||||||||||||||||||||
Operating expenses |
(327 | ) | (327 | ) | (326 | ) | (327 | ) | (345 | ) | (345 | ) | (345 | ) | ||||||||||||||
General administrative expenses |
(299 | ) | (302 | ) | (300 | ) | (301 | ) | (316 | ) | (314 | ) | (318 | ) | ||||||||||||||
Personnel |
(145 | ) | (148 | ) | (153 | ) | (158 | ) | (163 | ) | (169 | ) | (171 | ) | ||||||||||||||
Other general administrative expenses |
(154 | ) | (154 | ) | (147 | ) | (143 | ) | (153 | ) | (145 | ) | (146 | ) | ||||||||||||||
Depreciation and amortisation |
(27 | ) | (25 | ) | (26 | ) | (27 | ) | (29 | ) | (31 | ) | (28 | ) | ||||||||||||||
Net operating income |
407 | 456 | 454 | 452 | 450 | 489 | 492 | |||||||||||||||||||||
Net loan-loss provisions |
(187 | ) | (196 | ) | (211 | ) | (177 | ) | (205 | ) | (219 | ) | (238 | ) | ||||||||||||||
Other income |
(2 | ) | (2 | ) | 6 | (1 | ) | 7 | (2 | ) | 1 | |||||||||||||||||
Profit before taxes |
219 | 257 | 250 | 274 | 253 | 268 | 255 | |||||||||||||||||||||
Tax on profit |
(45 | ) | (52 | ) | (45 | ) | (46 | ) | (58 | ) | (60 | ) | (51 | ) | ||||||||||||||
Profit from continuing operations |
173 | 206 | 205 | 229 | 195 | 208 | 204 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
173 | 206 | 205 | 229 | 195 | 208 | 204 | |||||||||||||||||||||
Minority interests |
42 | 47 | 50 | 56 | 47 | 52 | 53 | |||||||||||||||||||||
Attributable profit to the Group |
132 | 159 | 155 | 173 | 149 | 156 | 151 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
21,246 | 22,883 | 23,433 | 24,361 | 25,331 | 26,433 | 28,198 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
10,721 | 10,830 | 11,169 | 9,590 | 14,511 | 14,220 | 18,448 | |||||||||||||||||||||
Available-for-sale financial assets |
3,299 | 3,681 | 3,670 | 4,354 | 3,537 | 3,683 | 4,939 | |||||||||||||||||||||
Due from credit institutions ** |
7,924 | 6,510 | 8,604 | 6,646 | 7,350 | 6,547 | 7,744 | |||||||||||||||||||||
Intangible assets and property and equipment |
375 | 370 | 351 | 414 | 429 | 425 | 363 | |||||||||||||||||||||
Other assets |
5,351 | 5,128 | 4,894 | 5,221 | 5,502 | 5,341 | 5,716 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
48,916 | 49,402 | 52,121 | 50,587 | 56,661 | 56,648 | 65,408 | |||||||||||||||||||||
Customer deposits ** |
24,294 | 23,151 | 25,699 | 26,954 | 26,944 | 26,560 | 26,540 | |||||||||||||||||||||
Marketable debt securities ** |
2,369 | 3,564 | 3,396 | 3,075 | 3,909 | 4,361 | 4,068 | |||||||||||||||||||||
Subordinated debt ** |
898 | 906 | 920 | 1,025 | 1,046 | 1,091 | 1,159 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
5,634 | 7,343 | 5,926 | 5,843 | 8,691 | 7,829 | 11,794 | |||||||||||||||||||||
Other liabilities |
11,401 | 10,080 | 11,915 | 9,223 | 11,841 | 12,315 | 16,801 | |||||||||||||||||||||
Stockholders equity *** |
4,320 | 4,358 | 4,265 | 4,466 | 4,231 | 4,492 | 5,045 | |||||||||||||||||||||
Other managed and marketed customer funds |
10,457 | 10,943 | 11,112 | 10,850 | 11,505 | 11,602 | 11,631 | |||||||||||||||||||||
Mutual funds |
10,457 | 10,943 | 11,112 | 10,850 | 11,505 | 11,602 | 11,631 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
| | | | | | | |||||||||||||||||||||
Managed and marketed customer funds |
38,019 | 38,563 | 41,126 | 41,903 | 43,403 | 43,614 | 43,399 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
65
Mexico
Million pesos
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
31,483 | 27,831 | 3,652 | 13.1 | ||||||||||||
Net fees |
10,413 | 10,088 | 325 | 3.2 | ||||||||||||
Gains (losses) on financial transactions |
1,770 | 2,468 | (698 | ) | (28.3 | ) | ||||||||||
Other operating income * |
(944 | ) | (609 | ) | (335 | ) | 54.9 | |||||||||
Gross income |
42,722 | 39,777 | 2,945 | 7.4 | ||||||||||||
Operating expenses |
(17,929 | ) | (16,962 | ) | (967 | ) | 5.7 | |||||||||
General administrative expenses |
(16,413 | ) | (15,611 | ) | (801 | ) | 5.1 | |||||||||
Personnel |
(8,722 | ) | (7,732 | ) | (990 | ) | 12.8 | |||||||||
Other general administrative expenses |
(7,691 | ) | (7,880 | ) | 189 | (2.4 | ) | |||||||||
Depreciation and amortisation |
(1,516 | ) | (1,351 | ) | (166 | ) | 12.3 | |||||||||
Net operating income |
24,793 | 22,815 | 1,978 | 8.7 | ||||||||||||
Net loan-loss provisions |
(11,467 | ) | (10,291 | ) | (1,175 | ) | 11.4 | |||||||||
Other income |
110 | 44 | 67 | 152.7 | ||||||||||||
Profit before taxes |
13,437 | 12,567 | 869 | 6.9 | ||||||||||||
Tax on profit |
(2,920 | ) | (2,461 | ) | (459 | ) | 18.6 | |||||||||
Profit from continuing operations |
10,517 | 10,106 | 410 | 4.1 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
10,517 | 10,106 | 410 | 4.1 | ||||||||||||
Minority interests |
2,626 | 2,397 | 228 | 9.5 | ||||||||||||
Attributable profit to the Group |
7,891 | 7,709 | 182 | 2.4 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
535,103 | 444,689 | 90,414 | 20.3 | ||||||||||||
Trading portfolio (w/o loans) |
350,088 | 211,949 | 138,139 | 65.2 | ||||||||||||
Available-for-sale financial assets |
93,721 | 69,645 | 24,076 | 34.6 | ||||||||||||
Due from credit institutions ** |
146,957 | 163,276 | (16,318 | ) | (10.0 | ) | ||||||||||
Intangible assets and property and equipment |
6,886 | 6,663 | 224 | 3.4 | ||||||||||||
Other assets |
108,480 | 92,864 | 15,616 | 16.8 | ||||||||||||
Total assets/liabilities & shareholders equity |
1,241,236 | 989,085 | 252,150 | 25.5 | ||||||||||||
Customer deposits ** |
503,652 | 487,683 | 15,969 | 3.3 | ||||||||||||
Marketable debt securities ** |
77,205 | 64,439 | 12,766 | 19.8 | ||||||||||||
Subordinated debt ** |
22,000 | 17,456 | 4,544 | 26.0 | ||||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
223,811 | 112,465 | 111,345 | 99.0 | ||||||||||||
Other liabilities |
318,821 | 226,100 | 92,720 | 41.0 | ||||||||||||
Stockholders equity *** |
95,747 | 80,941 | 14,805 | 18.3 | ||||||||||||
Other managed and marketed customer funds |
220,719 | 210,870 | 9,849 | 4.7 | ||||||||||||
Mutual funds |
220,719 | 210,870 | 9,849 | 4.7 | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
| | | | ||||||||||||
Managed and marketed customer funds |
823,577 | 780,448 | 43,128 | 5.5 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
66
Mexico
Million pesos
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
9,042 | 9,237 | 9,552 | 9,906 | 10,041 | 10,504 | 10,939 | |||||||||||||||||||||
Net fees |
3,427 | 3,341 | 3,319 | 3,401 | 3,259 | 3,613 | 3,541 | |||||||||||||||||||||
Gains (losses) on financial transactions |
466 | 1,095 | 906 | 364 | 718 | 564 | 487 | |||||||||||||||||||||
Other operating income * |
(223 | ) | (125 | ) | (261 | ) | (180 | ) | (249 | ) | (232 | ) | (463 | ) | ||||||||||||||
Gross income |
12,712 | 13,548 | 13,516 | 13,491 | 13,769 | 14,450 | 14,503 | |||||||||||||||||||||
Operating expenses |
(5,659 | ) | (5,656 | ) | (5,647 | ) | (5,667 | ) | (5,973 | ) | (5,978 | ) | (5,978 | ) | ||||||||||||||
General administrative expenses |
(5,186 | ) | (5,230 | ) | (5,195 | ) | (5,206 | ) | (5,467 | ) | (5,444 | ) | (5,501 | ) | ||||||||||||||
Personnel |
(2,511 | ) | (2,568 | ) | (2,654 | ) | (2,735 | ) | (2,819 | ) | (2,934 | ) | (2,969 | ) | ||||||||||||||
Other general administrative expenses |
(2,675 | ) | (2,663 | ) | (2,542 | ) | (2,471 | ) | (2,648 | ) | (2,510 | ) | (2,533 | ) | ||||||||||||||
Depreciation and amortisation |
(473 | ) | (426 | ) | (451 | ) | (461 | ) | (506 | ) | (533 | ) | (476 | ) | ||||||||||||||
Net operating income |
7,053 | 7,892 | 7,870 | 7,824 | 7,795 | 8,472 | 8,526 | |||||||||||||||||||||
Net loan-loss provisions |
(3,237 | ) | (3,401 | ) | (3,654 | ) | (3,058 | ) | (3,545 | ) | (3,791 | ) | (4,131 | ) | ||||||||||||||
Other income |
(28 | ) | (34 | ) | 106 | (13 | ) | 130 | (36 | ) | 17 | |||||||||||||||||
Profit before taxes |
3,788 | 4,458 | 4,322 | 4,753 | 4,380 | 4,644 | 4,412 | |||||||||||||||||||||
Tax on profit |
(785 | ) | (897 | ) | (779 | ) | (794 | ) | (999 | ) | (1,039 | ) | (882 | ) | ||||||||||||||
Profit from continuing operations |
3,003 | 3,561 | 3,542 | 3,959 | 3,381 | 3,606 | 3,530 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
3,003 | 3,561 | 3,542 | 3,959 | 3,381 | 3,606 | 3,530 | |||||||||||||||||||||
Minority interests |
724 | 813 | 860 | 968 | 807 | 902 | 917 | |||||||||||||||||||||
Attributable profit to the Group |
2,279 | 2,748 | 2,682 | 2,992 | 2,574 | 2,704 | 2,613 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
403,181 | 434,237 | 444,689 | 462,295 | 480,702 | 501,609 | 535,103 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
203,446 | 205,512 | 211,949 | 181,988 | 275,379 | 269,846 | 350,088 | |||||||||||||||||||||
Available-for-sale financial assets |
62,606 | 69,858 | 69,645 | 82,629 | 67,130 | 69,887 | 93,721 | |||||||||||||||||||||
Due from credit institutions ** |
150,376 | 123,543 | 163,276 | 126,112 | 139,476 | 124,233 | 146,957 | |||||||||||||||||||||
Intangible assets and property and equipment |
7,120 | 7,023 | 6,663 | 7,864 | 8,147 | 8,071 | 6,886 | |||||||||||||||||||||
Other assets |
101,544 | 97,312 | 92,864 | 99,082 | 104,415 | 101,354 | 108,480 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
928,273 | 937,484 | 989,085 | 959,970 | 1,075,250 | 1,075,000 | 1,241,236 | |||||||||||||||||||||
Customer deposits ** |
461,025 | 439,325 | 487,683 | 511,501 | 511,307 | 504,032 | 503,652 | |||||||||||||||||||||
Marketable debt securities ** |
44,957 | 67,634 | 64,439 | 58,350 | 74,174 | 82,758 | 77,205 | |||||||||||||||||||||
Subordinated debt ** |
17,043 | 17,192 | 17,456 | 19,446 | 19,849 | 20,706 | 22,000 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
106,914 | 139,354 | 112,465 | 110,885 | 164,927 | 148,567 | 223,811 | |||||||||||||||||||||
Other liabilities |
216,355 | 191,277 | 226,100 | 175,028 | 224,700 | 233,697 | 318,821 | |||||||||||||||||||||
Stockholders equity *** |
81,978 | 82,703 | 80,941 | 84,759 | 80,293 | 85,240 | 95,747 | |||||||||||||||||||||
Other managed and marketed customer funds |
198,447 | 207,656 | 210,870 | 205,892 | 218,327 | 220,166 | 220,719 | |||||||||||||||||||||
Mutual funds |
198,447 | 207,656 | 210,870 | 205,892 | 218,327 | 220,166 | 220,719 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
| | | | | | | |||||||||||||||||||||
Managed and marketed customer funds |
721,473 | 731,806 | 780,448 | 795,189 | 823,657 | 827,662 | 823,577 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
67
Chile
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
1,356 | 1,243 | 113 | 9.1 | ||||||||||||
Net fees |
275 | 241 | 34 | 14.1 | ||||||||||||
Gains (losses) on financial transactions |
151 | 87 | 64 | 73.1 | ||||||||||||
Other operating income * |
10 | 15 | (5 | ) | (31.9 | ) | ||||||||||
Gross income |
1,792 | 1,586 | 206 | 13.0 | ||||||||||||
Operating expenses |
(743 | ) | (637 | ) | (106 | ) | 16.6 | |||||||||
General administrative expenses |
(687 | ) | (590 | ) | (97 | ) | 16.5 | |||||||||
Personnel |
(415 | ) | (348 | ) | (67 | ) | 19.3 | |||||||||
Other general administrative expenses |
(272 | ) | (242 | ) | (30 | ) | 12.5 | |||||||||
Depreciation and amortisation |
(56 | ) | (47 | ) | (9 | ) | 18.3 | |||||||||
Net operating income |
1,049 | 949 | 100 | 10.6 | ||||||||||||
Net loan-loss provisions |
(410 | ) | (365 | ) | (45 | ) | 12.5 | |||||||||
Other income |
(1 | ) | (7 | ) | 6 | (87.0 | ) | |||||||||
Profit before taxes |
638 | 577 | 60 | 10.5 | ||||||||||||
Tax on profit |
(96 | ) | (83 | ) | (14 | ) | 16.4 | |||||||||
Profit from continuing operations |
541 | 494 | 47 | 9.5 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
541 | 494 | 47 | 9.5 | ||||||||||||
Minority interests |
164 | 156 | 8 | 5.0 | ||||||||||||
Attributable profit to the Group |
378 | 339 | 39 | 11.5 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
31,874 | 29,057 | 2,816 | 9.7 | ||||||||||||
Trading portfolio (w/o loans) |
3,665 | 2,723 | 942 | 34.6 | ||||||||||||
Available-for-sale financial assets |
2,449 | 2,192 | 257 | 11.7 | ||||||||||||
Due from credit institutions ** |
4,489 | 3,630 | 859 | 23.7 | ||||||||||||
Intangible assets and property and equipment |
343 | 295 | 47 | 15.9 | ||||||||||||
Other assets |
2,658 | 2,749 | (91 | ) | (3.3 | ) | ||||||||||
Total assets/liabilities & shareholders equity |
45,477 | 40,647 | 4,830 | 11.9 | ||||||||||||
Customer deposits ** |
23,211 | 21,294 | 1,917 | 9.0 | ||||||||||||
Marketable debt securities ** |
6,743 | 6,047 | 696 | 11.5 | ||||||||||||
Subordinated debt ** |
942 | 1,152 | (210 | ) | (18.2 | ) | ||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
5,878 | 5,138 | 741 | 14.4 | ||||||||||||
Other liabilities |
5,843 | 4,497 | 1,345 | 29.9 | ||||||||||||
Stockholders equity *** |
2,860 | 2,519 | 342 | 13.6 | ||||||||||||
Other managed and marketed customer funds |
7,307 | 6,777 | 530 | 7.8 | ||||||||||||
Mutual funds |
5,463 | 5,194 | 268 | 5.2 | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
1,845 | 1,583 | 262 | 16.6 | ||||||||||||
Managed and marketed customer funds |
38,204 | 35,270 | 2,933 | 8.3 | ||||||||||||
(**).- Including all on-balance sheet balances for this item | ||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments | ||||||||||||||||
Ratios (%) and other data | ||||||||||||||||
ROE |
16.97 | 18.11 | (1.14 p. | ) | ||||||||||||
Efficiency ratio (with amortisations) |
41.5 | 40.2 | 1.3 p. | |||||||||||||
NPL ratio |
5.60 | 5.98 | (0.38 p. | ) | ||||||||||||
NPL coverage |
52.8 | 52.3 | 0.5 p. | |||||||||||||
Number of employees |
12,334 | 12,135 | 199 | 1.6 | ||||||||||||
Number of branches |
476 | 476 | | |
68
Chile
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
408 | 447 | 387 | 491 | 398 | 498 | 460 | |||||||||||||||||||||
Net fees |
81 | 78 | 82 | 86 | 87 | 96 | 93 | |||||||||||||||||||||
Gains (losses) on financial transactions |
39 | 19 | 29 | 28 | 65 | 35 | 51 | |||||||||||||||||||||
Other operating income * |
5 | 5 | 5 | 3 | 4 | 4 | 2 | |||||||||||||||||||||
Gross income |
532 | 550 | 504 | 608 | 553 | 633 | 606 | |||||||||||||||||||||
Operating expenses |
(204 | ) | (213 | ) | (220 | ) | (229 | ) | (238 | ) | (263 | ) | (243 | ) | ||||||||||||||
General administrative expenses |
(185 | ) | (202 | ) | (203 | ) | (214 | ) | (219 | ) | (244 | ) | (224 | ) | ||||||||||||||
Personnel |
(106 | ) | (121 | ) | (121 | ) | (129 | ) | (128 | ) | (149 | ) | (138 | ) | ||||||||||||||
Other general administrative expenses |
(79 | ) | (81 | ) | (82 | ) | (85 | ) | (91 | ) | (95 | ) | (86 | ) | ||||||||||||||
Depreciation and amortisation |
(19 | ) | (11 | ) | (17 | ) | (15 | ) | (18 | ) | (19 | ) | (18 | ) | ||||||||||||||
Net operating income |
328 | 336 | 284 | 379 | 316 | 370 | 364 | |||||||||||||||||||||
Net loan-loss provisions |
(116 | ) | (118 | ) | (131 | ) | (156 | ) | (132 | ) | (126 | ) | (153 | ) | ||||||||||||||
Other income |
(7 | ) | (3 | ) | 3 | (18 | ) | 6 | (3 | ) | (4 | ) | ||||||||||||||||
Profit before taxes |
206 | 216 | 156 | 205 | 190 | 241 | 207 | |||||||||||||||||||||
Tax on profit |
(32 | ) | (27 | ) | (23 | ) | 29 | (43 | ) | (28 | ) | (25 | ) | |||||||||||||||
Profit from continuing operations |
173 | 189 | 132 | 234 | 147 | 212 | 182 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
173 | 189 | 132 | 234 | 147 | 212 | 182 | |||||||||||||||||||||
Minority interests |
53 | 59 | 43 | 74 | 41 | 65 | 57 | |||||||||||||||||||||
Attributable profit to the Group |
120 | 129 | 89 | 160 | 106 | 147 | 125 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
27,993 | 28,701 | 29,057 | 30,550 | 34,510 | 33,733 | 31,874 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
1,764 | 2,106 | 2,723 | 3,075 | 2,940 | 2,918 | 3,665 | |||||||||||||||||||||
Available-for-sale financial assets |
2,454 | 1,796 | 2,192 | 2,274 | 2,290 | 2,831 | 2,449 | |||||||||||||||||||||
Due from credit institutions ** |
2,922 | 2,851 | 3,630 | 3,837 | 4,599 | 4,020 | 4,489 | |||||||||||||||||||||
Intangible assets and property and equipment |
313 | 281 | 295 | 347 | 382 | 371 | 343 | |||||||||||||||||||||
Other assets |
2,562 | 2,091 | 2,749 | 2,680 | 3,564 | 2,621 | 2,658 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
38,009 | 37,826 | 40,647 | 42,763 | 48,285 | 46,495 | 45,477 | |||||||||||||||||||||
Customer deposits ** |
20,436 | 19,929 | 21,294 | 23,352 | 26,499 | 24,203 | 23,211 | |||||||||||||||||||||
Marketable debt securities ** |
5,399 | 6,146 | 6,047 | 6,650 | 7,404 | 7,441 | 6,743 | |||||||||||||||||||||
Subordinated debt ** |
1,110 | 948 | 1,152 | 985 | 1,070 | 1,023 | 942 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
4,550 | 4,648 | 5,138 | 4,393 | 4,407 | 5,801 | 5,878 | |||||||||||||||||||||
Other liabilities |
3,902 | 3,703 | 4,497 | 4,437 | 5,712 | 5,128 | 5,843 | |||||||||||||||||||||
Stockholders equity *** |
2,612 | 2,452 | 2,519 | 2,946 | 3,193 | 2,898 | 2,860 | |||||||||||||||||||||
Other managed and marketed customer funds |
5,864 | 6,346 | 6,777 | 7,256 | 7,871 | 7,792 | 7,307 | |||||||||||||||||||||
Mutual funds |
4,427 | 4,850 | 5,194 | 5,564 | 5,793 | 5,786 | 5,463 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
1,437 | 1,496 | 1,583 | 1,693 | 2,078 | 2,006 | 1,845 | |||||||||||||||||||||
Managed and marketed customer funds |
32,808 | 33,368 | 35,270 | 38,242 | 42,845 | 40,459 | 38,204 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item |
||||||||||||||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments |
||||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
5.99 | 5.94 | 5.98 | 5.97 | 5.88 | 5.73 | 5.60 | |||||||||||||||||||||
NPL coverage |
50.7 | 51.7 | 52.3 | 52.4 | 52.0 | 51.6 | 52.8 | |||||||||||||||||||||
Cost of credit |
1.82 | 1.76 | 1.71 | 1.75 | 1.74 | 1.68 | 1.68 |
69
Chile
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
1,356 | 1,328 | 28 | 2.1 | ||||||||||||
Net fees |
275 | 258 | 18 | 6.8 | ||||||||||||
Gains (losses) on financial transactions |
151 | 93 | 58 | 62.0 | ||||||||||||
Other operating income * |
10 | 16 | (6 | ) | (36.3 | ) | ||||||||||
Gross income |
1,792 | 1,695 | 98 | 5.8 | ||||||||||||
Operating expenses |
(743 | ) | (681 | ) | (62 | ) | 9.2 | |||||||||
General administrative expenses |
(687 | ) | (630 | ) | (57 | ) | 9.0 | |||||||||
Personnel |
(415 | ) | (372 | ) | (43 | ) | 11.7 | |||||||||
Other general administrative expenses |
(272 | ) | (258 | ) | (14 | ) | 5.3 | |||||||||
Depreciation and amortisation |
(56 | ) | (51 | ) | (5 | ) | 10.7 | |||||||||
Net operating income |
1,049 | 1,014 | 35 | 3.5 | ||||||||||||
Net loan-loss provisions |
(410 | ) | (390 | ) | (21 | ) | 5.3 | |||||||||
Other income |
(1 | ) | (7 | ) | 6 | (87.8 | ) | |||||||||
Profit before taxes |
638 | 617 | 21 | 3.4 | ||||||||||||
Tax on profit |
(96 | ) | (89 | ) | (8 | ) | 8.9 | |||||||||
Profit from continuing operations |
541 | 528 | 13 | 2.5 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
541 | 528 | 13 | 2.5 | ||||||||||||
Minority interests |
164 | 166 | (3 | ) | (1.7 | ) | ||||||||||
Attributable profit to the Group |
378 | 362 | 16 | 4.4 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
31,874 | 27,982 | 3,892 | 13.9 | ||||||||||||
Trading portfolio (w/o loans) |
3,665 | 2,622 | 1,042 | 39.7 | ||||||||||||
Available-for-sale financial assets |
2,449 | 2,111 | 338 | 16.0 | ||||||||||||
Due from credit institutions ** |
4,489 | 3,496 | 994 | 28.4 | ||||||||||||
Intangible assets and property and equipment |
343 | 285 | 58 | 20.4 | ||||||||||||
Other assets |
2,658 | 2,647 | 11 | 0.4 | ||||||||||||
Total assets/liabilities & shareholders equity |
45,477 | 39,142 | 6,335 | 16.2 | ||||||||||||
Customer deposits ** |
23,211 | 20,506 | 2,705 | 13.2 | ||||||||||||
Marketable debt securities ** |
6,743 | 5,823 | 920 | 15.8 | ||||||||||||
Subordinated debt ** |
942 | 1,110 | (168 | ) | (15.1 | ) | ||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
5,878 | 4,947 | 931 | 18.8 | ||||||||||||
Other liabilities |
5,843 | 4,331 | 1,512 | 34.9 | ||||||||||||
Stockholders equity *** |
2,860 | 2,425 | 435 | 17.9 | ||||||||||||
Other managed and marketed customer funds |
7,307 | 6,526 | 781 | 12.0 | ||||||||||||
Mutual funds |
5,463 | 5,002 | 461 | 9.2 | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
1,845 | 1,524 | 321 | 21.0 | ||||||||||||
Managed and marketed customer funds |
38,204 | 33,965 | 4,239 | 12.5 | ||||||||||||
(**).- Including all on-balance sheet balances for this item | ||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments |
70
Chile
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
433 | 478 | 417 | 517 | 393 | 478 | 484 | |||||||||||||||||||||
Net fees |
86 | 83 | 89 | 91 | 86 | 92 | 98 | |||||||||||||||||||||
Gains (losses) on financial transactions |
41 | 21 | 31 | 29 | 64 | 33 | 53 | |||||||||||||||||||||
Other operating income * |
5 | 6 | 5 | 3 | 4 | 4 | 2 | |||||||||||||||||||||
Gross income |
565 | 587 | 542 | 639 | 547 | 608 | 638 | |||||||||||||||||||||
Operating expenses |
(216 | ) | (228 | ) | (237 | ) | (240 | ) | (235 | ) | (253 | ) | (256 | ) | ||||||||||||||
General administrative expenses |
(196 | ) | (216 | ) | (218 | ) | (225 | ) | (217 | ) | (234 | ) | (237 | ) | ||||||||||||||
Personnel |
(113 | ) | (130 | ) | (130 | ) | (135 | ) | (126 | ) | (143 | ) | (146 | ) | ||||||||||||||
Other general administrative expenses |
(84 | ) | (86 | ) | (88 | ) | (89 | ) | (90 | ) | (91 | ) | (91 | ) | ||||||||||||||
Depreciation and amortisation |
(20 | ) | (12 | ) | (19 | ) | (16 | ) | (18 | ) | (18 | ) | (19 | ) | ||||||||||||||
Net operating income |
349 | 359 | 305 | 398 | 312 | 355 | 382 | |||||||||||||||||||||
Net loan-loss provisions |
(123 | ) | (126 | ) | (141 | ) | (164 | ) | (130 | ) | (121 | ) | (159 | ) | ||||||||||||||
Other income |
(7 | ) | (3 | ) | 3 | (19 | ) | 6 | (3 | ) | (4 | ) | ||||||||||||||||
Profit before taxes |
218 | 231 | 168 | 216 | 188 | 232 | 218 | |||||||||||||||||||||
Tax on profit |
(34 | ) | (29 | ) | (25 | ) | 31 | (43 | ) | (27 | ) | (27 | ) | |||||||||||||||
Profit from continuing operations |
184 | 201 | 143 | 246 | 145 | 205 | 191 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
184 | 201 | 143 | 246 | 145 | 205 | 191 | |||||||||||||||||||||
Minority interests |
56 | 63 | 47 | 78 | 41 | 63 | 60 | |||||||||||||||||||||
Attributable profit to the Group |
128 | 138 | 96 | 168 | 105 | 142 | 131 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
27,204 | 27,574 | 27,982 | 28,699 | 29,717 | 30,721 | 31,874 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
1,715 | 2,023 | 2,622 | 2,889 | 2,532 | 2,657 | 3,665 | |||||||||||||||||||||
Available-for-sale financial assets |
2,384 | 1,726 | 2,111 | 2,136 | 1,972 | 2,578 | 2,449 | |||||||||||||||||||||
Due from credit institutions ** |
2,840 | 2,739 | 3,496 | 3,604 | 3,961 | 3,661 | 4,489 | |||||||||||||||||||||
Intangible assets and property and equipment |
304 | 270 | 285 | 326 | 329 | 338 | 343 | |||||||||||||||||||||
Other assets |
2,490 | 2,008 | 2,647 | 2,518 | 3,069 | 2,387 | 2,658 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
36,937 | 36,340 | 39,142 | 40,172 | 41,580 | 42,343 | 45,477 | |||||||||||||||||||||
Customer deposits ** |
19,859 | 19,146 | 20,506 | 21,937 | 22,819 | 22,041 | 23,211 | |||||||||||||||||||||
Marketable debt securities ** |
5,246 | 5,904 | 5,823 | 6,247 | 6,376 | 6,777 | 6,743 | |||||||||||||||||||||
Subordinated debt ** |
1,079 | 911 | 1,110 | 925 | 922 | 932 | 942 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
4,422 | 4,466 | 4,947 | 4,127 | 3,795 | 5,283 | 5,878 | |||||||||||||||||||||
Other liabilities |
3,792 | 3,557 | 4,331 | 4,169 | 4,919 | 4,670 | 5,843 | |||||||||||||||||||||
Stockholders equity *** |
2,539 | 2,356 | 2,425 | 2,768 | 2,749 | 2,639 | 2,860 | |||||||||||||||||||||
Other managed and marketed customer funds |
5,698 | 6,096 | 6,526 | 6,816 | 6,778 | 7,097 | 7,307 | |||||||||||||||||||||
Mutual funds |
4,302 | 4,659 | 5,002 | 5,226 | 4,989 | 5,270 | 5,463 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
1,396 | 1,437 | 1,524 | 1,590 | 1,789 | 1,827 | 1,845 | |||||||||||||||||||||
Managed and marketed customer funds |
31,883 | 32,058 | 33,965 | 35,925 | 36,894 | 36,846 | 38,204 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
71
Chile
Ch$ million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
964,713 | 944,599 | 20,113 | 2.1 | ||||||||||||
Net fees |
195,933 | 183,430 | 12,502 | 6.8 | ||||||||||||
Gains (losses) on financial transactions |
107,325 | 66,246 | 41,080 | 62.0 | ||||||||||||
Other operating income * |
7,151 | 11,223 | (4,072 | ) | (36.3 | ) | ||||||||||
Gross income |
1,275,122 | 1,205,498 | 69,624 | 5.8 | ||||||||||||
Operating expenses |
(528,888 | ) | (484,461 | ) | (44,427 | ) | 9.2 | |||||||||
General administrative expenses |
(489,045 | ) | (448,471 | ) | (40,574 | ) | 9.0 | |||||||||
Personnel |
(295,494 | ) | (264,630 | ) | (30,864 | ) | 11.7 | |||||||||
Other general administrative expenses |
(193,551 | ) | (183,841 | ) | (9,710 | ) | 5.3 | |||||||||
Depreciation and amortisation |
(39,843 | ) | (35,990 | ) | (3,853 | ) | 10.7 | |||||||||
Net operating income |
746,234 | 721,037 | 25,197 | 3.5 | ||||||||||||
Net loan-loss provisions |
(291,899 | ) | (277,287 | ) | (14,613 | ) | 5.3 | |||||||||
Other income |
(606 | ) | (4,983 | ) | 4,377 | (87.8 | ) | |||||||||
Profit before taxes |
453,729 | 438,768 | 14,961 | 3.4 | ||||||||||||
Tax on profit |
(68,628 | ) | (63,000 | ) | (5,628 | ) | 8.9 | |||||||||
Profit from continuing operations |
385,101 | 375,768 | 9,333 | 2.5 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
385,101 | 375,768 | 9,333 | 2.5 | ||||||||||||
Minority interests |
116,374 | 118,398 | (2,024 | ) | (1.7 | ) | ||||||||||
Attributable profit to the Group |
268,727 | 257,369 | 11,357 | 4.4 | ||||||||||||
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
|
| |||||||||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
25,017,101 | 21,962,215 | 3,054,886 | 13.9 | ||||||||||||
Trading portfolio (w/o loans) |
2,876,402 | 2,058,276 | 818,127 | 39.7 | ||||||||||||
Available-for-sale financial assets |
1,922,237 | 1,656,941 | 265,296 | 16.0 | ||||||||||||
Due from credit institutions ** |
3,523,682 | 2,743,727 | 779,955 | 28.4 | ||||||||||||
Intangible assets and property and equipment |
268,891 | 223,326 | 45,565 | 20.4 | ||||||||||||
Other assets |
2,086,139 | 2,077,558 | 8,580 | 0.4 | ||||||||||||
Total assets/liabilities & shareholders equity |
35,694,451 | 30,722,042 | 4,972,409 | 16.2 | ||||||||||||
Customer deposits ** |
18,218,198 | 16,094,833 | 2,123,365 | 13.2 | ||||||||||||
Marketable debt securities ** |
5,292,185 | 4,570,224 | 721,961 | 15.8 | ||||||||||||
Subordinated debt ** |
739,433 | 870,952 | (131,519 | ) | (15.1 | ) | ||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
4,613,855 | 3,883,166 | 730,688 | 18.8 | ||||||||||||
Other liabilities |
4,585,752 | 3,399,220 | 1,186,532 | 34.9 | ||||||||||||
Stockholders equity *** |
2,245,028 | 1,903,646 | 341,383 | 17.9 | ||||||||||||
Other managed and marketed customer funds |
5,735,494 | 5,122,202 | 613,292 | 12.0 | ||||||||||||
Mutual funds |
4,287,513 | 3,925,929 | 361,584 | 9.2 | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
1,447,981 | 1,196,273 | 251,708 | 21.0 | ||||||||||||
Managed and marketed customer funds |
29,985,311 | 26,658,212 | 3,327,099 | 12.5 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
72
Chile
Ch$ million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
308,334 | 339,971 | 296,294 | 367,491 | 279,722 | 340,367 | 344,624 | |||||||||||||||||||||
Net fees |
61,169 | 59,211 | 63,049 | 64,460 | 60,830 | 65,361 | 69,741 | |||||||||||||||||||||
Gains (losses) on financial transactions |
29,113 | 14,750 | 22,383 | 20,548 | 45,671 | 23,778 | 37,877 | |||||||||||||||||||||
Other operating income * |
3,411 | 3,946 | 3,866 | 2,051 | 2,611 | 2,980 | 1,560 | |||||||||||||||||||||
Gross income |
402,028 | 417,878 | 385,592 | 454,549 | 388,834 | 432,486 | 453,802 | |||||||||||||||||||||
Operating expenses |
(153,985 | ) | (162,187 | ) | (168,289 | ) | (171,079 | ) | (166,957 | ) | (179,795 | ) | (182,136 | ) | ||||||||||||||
General administrative expenses |
(139,725 | ) | (153,687 | ) | (155,058 | ) | (159,752 | ) | (154,015 | ) | (166,696 | ) | (168,334 | ) | ||||||||||||||
Personnel |
(80,193 | ) | (92,216 | ) | (92,221 | ) | (96,241 | ) | (89,753 | ) | (102,044 | ) | (103,697 | ) | ||||||||||||||
Other general administrative expenses |
(59,533 | ) | (61,471 | ) | (62,837 | ) | (63,511 | ) | (64,262 | ) | (64,652 | ) | (64,637 | ) | ||||||||||||||
Depreciation and amortisation |
(14,259 | ) | (8,500 | ) | (13,231 | ) | (11,327 | ) | (12,942 | ) | (13,099 | ) | (13,802 | ) | ||||||||||||||
Net operating income |
248,043 | 255,691 | 217,303 | 283,469 | 221,876 | 252,691 | 271,667 | |||||||||||||||||||||
Net loan-loss provisions |
(87,661 | ) | (89,606 | ) | (100,021 | ) | (116,599 | ) | (92,461 | ) | (85,988 | ) | (113,450 | ) | ||||||||||||||
Other income |
(5,126 | ) | (1,977 | ) | 2,120 | (13,438 | ) | 4,340 | (2,008 | ) | (2,938 | ) | ||||||||||||||||
Profit before taxes |
155,256 | 164,109 | 119,402 | 153,433 | 133,755 | 164,694 | 155,280 | |||||||||||||||||||||
Tax on profit |
(24,257 | ) | (20,834 | ) | (17,909 | ) | 21,863 | (30,251 | ) | (19,172 | ) | (19,205 | ) | |||||||||||||||
Profit from continuing operations |
130,999 | 143,275 | 101,494 | 175,296 | 103,504 | 145,523 | 136,074 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
130,999 | 143,275 | 101,494 | 175,296 | 103,504 | 145,523 | 136,074 | |||||||||||||||||||||
Minority interests |
40,073 | 45,172 | 33,154 | 55,573 | 29,047 | 44,798 | 42,529 | |||||||||||||||||||||
Attributable profit to the Group |
90,926 | 98,103 | 68,340 | 119,723 | 74,457 | 100,724 | 93,545 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
21,351,994 | 21,642,312 | 21,962,215 | 22,525,228 | 23,324,691 | 24,112,256 | 25,017,101 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
1,345,769 | 1,587,678 | 2,058,276 | 2,267,402 | 1,986,953 | 2,085,549 | 2,876,402 | |||||||||||||||||||||
Available-for-sale financial assets |
1,871,483 | 1,354,485 | 1,656,941 | 1,676,518 | 1,547,496 | 2,023,435 | 1,922,237 | |||||||||||||||||||||
Due from credit institutions ** |
2,228,999 | 2,149,940 | 2,743,727 | 2,829,090 | 3,108,653 | 2,873,800 | 3,523,682 | |||||||||||||||||||||
Intangible assets and property and equipment |
238,548 | 212,189 | 223,326 | 255,870 | 258,454 | 265,481 | 268,891 | |||||||||||||||||||||
Other assets |
1,954,301 | 1,576,360 | 2,077,558 | 1,975,977 | 2,408,832 | 1,873,698 | 2,086,139 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
28,991,095 | 28,522,964 | 30,722,042 | 31,530,086 | 32,635,077 | 33,234,218 | 35,694,451 | |||||||||||||||||||||
Customer deposits ** |
15,587,270 | 15,027,577 | 16,094,833 | 17,217,818 | 17,910,204 | 17,299,950 | 18,218,198 | |||||||||||||||||||||
Marketable debt securities ** |
4,117,862 | 4,634,207 | 4,570,224 | 4,902,966 | 5,004,370 | 5,318,871 | 5,292,185 | |||||||||||||||||||||
Subordinated debt ** |
846,837 | 714,810 | 870,952 | 725,916 | 723,272 | 731,276 | 739,433 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
3,470,515 | 3,504,985 | 3,883,166 | 3,239,089 | 2,978,870 | 4,146,852 | 4,613,855 | |||||||||||||||||||||
Other liabilities |
2,975,939 | 2,792,143 | 3,399,220 | 3,271,869 | 3,860,523 | 3,665,635 | 4,585,752 | |||||||||||||||||||||
Stockholders equity *** |
1,992,672 | 1,849,241 | 1,903,646 | 2,172,428 | 2,157,838 | 2,071,635 | 2,245,028 | |||||||||||||||||||||
Other managed and marketed customer funds |
4,472,554 | 4,785,008 | 5,122,202 | 5,350,036 | 5,319,970 | 5,569,920 | 5,735,494 | |||||||||||||||||||||
Mutual funds |
3,376,825 | 3,656,974 | 3,925,929 | 4,102,113 | 3,915,566 | 4,136,125 | 4,287,513 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
1,095,730 | 1,128,033 | 1,196,273 | 1,247,923 | 1,404,403 | 1,433,795 | 1,447,981 | |||||||||||||||||||||
Managed and marketed customer funds |
25,024,523 | 25,161,602 | 26,658,212 | 28,196,736 | 28,957,816 | 28,920,017 | 29,985,311 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
73
USA
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
4,562 | 3,533 | 1,029 | 29.1 | ||||||||||||
Net fees |
799 | 612 | 188 | 30.7 | ||||||||||||
Gains (losses) on financial transactions |
193 | 135 | 58 | 43.1 | ||||||||||||
Other operating income * |
265 | 89 | 176 | 197.0 | ||||||||||||
Gross income |
5,820 | 4,369 | 1,451 | 33.2 | ||||||||||||
Operating expenses |
(2,197 | ) | (1,618 | ) | (580 | ) | 35.8 | |||||||||
General administrative expenses |
(2,007 | ) | (1,470 | ) | (537 | ) | 36.5 | |||||||||
Personnel |
(1,130 | ) | (821 | ) | (308 | ) | 37.5 | |||||||||
Other general administrative expenses |
(877 | ) | (649 | ) | (228 | ) | 35.2 | |||||||||
Depreciation and amortisation |
(191 | ) | (148 | ) | (43 | ) | 29.1 | |||||||||
Net operating income |
3,622 | 2,751 | 871 | 31.7 | ||||||||||||
Net loan-loss provisions |
(2,144 | ) | (1,656 | ) | (488 | ) | 29.4 | |||||||||
Other income |
(97 | ) | (19 | ) | (78 | ) | 403.9 | |||||||||
Profit before taxes |
1,382 | 1,076 | 306 | 28.4 | ||||||||||||
Tax on profit |
(444 | ) | (320 | ) | (124 | ) | 38.6 | |||||||||
Profit from continuing operations |
938 | 755 | 182 | 24.1 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
938 | 755 | 182 | 24.1 | ||||||||||||
Minority interests |
278 | 159 | 119 | 75.0 | ||||||||||||
Attributable profit to the Group |
660 | 597 | 63 | 10.6 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
80,789 | 66,782 | 14,007 | 21.0 | ||||||||||||
Trading portfolio (w/o loans) |
1,248 | 3,966 | (2,718 | ) | (68.5 | ) | ||||||||||
Available-for-sale financial assets |
18,446 | 11,668 | 6,778 | 58.1 | ||||||||||||
Due from credit institutions ** |
4,305 | 3,368 | 937 | 27.8 | ||||||||||||
Intangible assets and property and equipment |
8,585 | 6,009 | 2,576 | 42.9 | ||||||||||||
Other assets |
12,065 | 8,583 | 3,483 | 40.6 | ||||||||||||
Total assets/liabilities & shareholders equity |
125,438 | 100,375 | 25,062 | 25.0 | ||||||||||||
Customer deposits ** |
58,970 | 49,556 | 9,414 | 19.0 | ||||||||||||
Marketable debt securities ** |
21,552 | 15,810 | 5,742 | 36.3 | ||||||||||||
Subordinated debt ** |
891 | 778 | 113 | 14.5 | ||||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
25,138 | 13,813 | 11,326 | 82.0 | ||||||||||||
Other liabilities |
7,571 | 9,099 | (1,528 | ) | (16.8 | ) | ||||||||||
Stockholders equity *** |
11,315 | 11,320 | (5 | ) | (0.0 | ) | ||||||||||
Other managed and marketed customer funds |
19,980 | 14,728 | 5,253 | 35.7 | ||||||||||||
Mutual funds |
7,317 | 3,402 | 3,916 | 115.1 | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
12,663 | 11,326 | 1,337 | 11.8 | ||||||||||||
Managed and marketed customer funds |
101,394 | 80,872 | 20,522 | 25.4 | ||||||||||||
(**).- Including all on-balance sheet balances for this item | ||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments | ||||||||||||||||
Ratios (%) and other data | ||||||||||||||||
ROE |
7.88 | 7.32 | 0.56 p. | |||||||||||||
Efficiency ratio (with amortisations) |
37.8 | 37.0 | 0.7 p. | |||||||||||||
NPL ratio |
2.20 | 2.57 | (0.37 p. | ) | ||||||||||||
NPL coverage |
218.3 | 183.7 | 34.6 p. | |||||||||||||
Number of employees |
17,592 | 16,562 | 1,030 | 6.2 | ||||||||||||
Number of branches |
783 | 812 | (29 | ) | (3.6 | ) |
74
USA
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,137 | 1,174 | 1,222 | 1,256 | 1,463 | 1,549 | 1,550 | |||||||||||||||||||||
Net fees |
200 | 206 | 206 | 218 | 262 | 271 | 266 | |||||||||||||||||||||
Gains (losses) on financial transactions |
40 | 26 | 69 | 70 | 51 | 103 | 39 | |||||||||||||||||||||
Other operating income * |
16 | 32 | 41 | 67 | 92 | 77 | 96 | |||||||||||||||||||||
Gross income |
1,393 | 1,438 | 1,538 | 1,610 | 1,868 | 2,000 | 1,952 | |||||||||||||||||||||
Operating expenses |
(527 | ) | (524 | ) | (566 | ) | (622 | ) | (696 | ) | (729 | ) | (772 | ) | ||||||||||||||
General administrative expenses |
(472 | ) | (484 | ) | (514 | ) | (569 | ) | (635 | ) | (663 | ) | (708 | ) | ||||||||||||||
Personnel |
(262 | ) | (274 | ) | (285 | ) | (320 | ) | (363 | ) | (379 | ) | (388 | ) | ||||||||||||||
Other general administrative expenses |
(210 | ) | (209 | ) | (229 | ) | (249 | ) | (272 | ) | (284 | ) | (320 | ) | ||||||||||||||
Depreciation and amortisation |
(55 | ) | (41 | ) | (52 | ) | (52 | ) | (60 | ) | (66 | ) | (64 | ) | ||||||||||||||
Net operating income |
866 | 914 | 971 | 989 | 1,172 | 1,271 | 1,180 | |||||||||||||||||||||
Net loan-loss provisions |
(546 | ) | (499 | ) | (611 | ) | (577 | ) | (639 | ) | (754 | ) | (750 | ) | ||||||||||||||
Other income |
(2 | ) | (3 | ) | (14 | ) | 32 | (18 | ) | (42 | ) | (37 | ) | |||||||||||||||
Profit before taxes |
317 | 412 | 347 | 444 | 514 | 475 | 393 | |||||||||||||||||||||
Tax on profit |
(93 | ) | (138 | ) | (89 | ) | (119 | ) | (158 | ) | (157 | ) | (129 | ) | ||||||||||||||
Profit from continuing operations |
224 | 275 | 257 | 325 | 357 | 317 | 264 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
224 | 275 | 257 | 325 | 357 | 317 | 264 | |||||||||||||||||||||
Minority interests |
44 | 65 | 49 | 61 | 100 | 100 | 78 | |||||||||||||||||||||
Attributable profit to the Group |
180 | 209 | 208 | 265 | 257 | 217 | 186 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
61,483 | 62,756 | 66,782 | 70,420 | 82,418 | 79,652 | 80,789 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
2,682 | 3,149 | 3,966 | 5,043 | 1,524 | 1,676 | 1,248 | |||||||||||||||||||||
Available-for-sale financial assets |
9,004 | 8,262 | 11,668 | 12,737 | 16,549 | 16,783 | 18,446 | |||||||||||||||||||||
Due from credit institutions ** |
3,142 | 3,513 | 3,368 | 3,460 | 4,663 | 4,969 | 4,305 | |||||||||||||||||||||
Intangible assets and property and equipment |
3,275 | 4,635 | 6,009 | 6,905 | 7,975 | 7,899 | 8,585 | |||||||||||||||||||||
Other assets |
7,583 | 9,040 | 8,583 | 9,469 | 9,660 | 10,086 | 12,065 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
87,170 | 91,354 | 100,375 | 108,034 | 122,788 | 121,064 | 125,438 | |||||||||||||||||||||
Customer deposits ** |
44,041 | 44,493 | 49,556 | 51,304 | 60,162 | 58,133 | 58,970 | |||||||||||||||||||||
Marketable debt securities ** |
12,436 | 14,373 | 15,810 | 16,000 | 19,221 | 20,942 | 21,552 | |||||||||||||||||||||
Subordinated debt ** |
703 | 701 | 778 | 796 | 918 | 872 | 891 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
12,150 | 13,119 | 13,813 | 17,760 | 23,770 | 21,584 | 25,138 | |||||||||||||||||||||
Other liabilities |
6,796 | 7,505 | 9,099 | 10,543 | 7,605 | 8,397 | 7,571 | |||||||||||||||||||||
Stockholders equity *** |
11,044 | 11,164 | 11,320 | 11,632 | 11,113 | 11,136 | 11,315 | |||||||||||||||||||||
Other managed and marketed customer funds |
11,944 | 12,675 | 14,728 | 15,729 | 22,613 | 20,942 | 19,980 | |||||||||||||||||||||
Mutual funds |
2,482 | 2,599 | 3,402 | 3,621 | 8,536 | 7,707 | 7,317 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
9,462 | 10,076 | 11,326 | 12,107 | 14,077 | 13,235 | 12,663 | |||||||||||||||||||||
Managed and marketed customer funds |
69,123 | 72,242 | 80,872 | 83,828 | 102,914 | 100,889 | 101,394 | |||||||||||||||||||||
(**).- Including all on-balance sheet balances for this item | ||||||||||||||||||||||||||||
(***).- Capital + reserves + profit + valuation adjustments | ||||||||||||||||||||||||||||
Other information |
||||||||||||||||||||||||||||
NPL ratio |
2.78 | 2.79 | 2.57 | 2.42 | 2.20 | 2.20 | 2.20 | |||||||||||||||||||||
NPL coverage |
163.2 | 165.6 | 183.7 | 193.6 | 211.5 | 224.2 | 218.3 | |||||||||||||||||||||
Cost of credit |
2.82 | 3.03 | 3.27 | 3.31 | 3.25 | 3.39 | 3.36 |
75
USA
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
4,562 | 4,297 | 265 | 6.2 | ||||||||||||
Net fees |
799 | 744 | 55 | 7.4 | ||||||||||||
Gains (losses) on financial transactions |
193 | 164 | 29 | 17.6 | ||||||||||||
Other operating income * |
265 | 108 | 156 | 144.1 | ||||||||||||
Gross income |
5,820 | 5,314 | 505 | 9.5 | ||||||||||||
Operating expenses |
(2,197 | ) | (1,968 | ) | (230 | ) | 11.7 | |||||||||
General administrative expenses |
(2,007 | ) | (1,788 | ) | (219 | ) | 12.2 | |||||||||
Personnel |
(1,130 | ) | (999 | ) | (131 | ) | 13.1 | |||||||||
Other general administrative expenses |
(877 | ) | (789 | ) | (88 | ) | 11.1 | |||||||||
Depreciation and amortisation |
(191 | ) | (180 | ) | (11 | ) | 6.1 | |||||||||
Net operating income |
3,622 | 3,346 | 276 | 8.2 | ||||||||||||
Net loan-loss provisions |
(2,144 | ) | (2,014 | ) | (129 | ) | 6.4 | |||||||||
Other income |
(97 | ) | (23 | ) | (73 | ) | 314.3 | |||||||||
Profit before taxes |
1,382 | 1,309 | 73 | 5.6 | ||||||||||||
Tax on profit |
(444 | ) | (390 | ) | (54 | ) | 13.9 | |||||||||
Profit from continuing operations |
938 | 919 | 19 | 2.0 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
938 | 919 | 19 | 2.0 | ||||||||||||
Minority interests |
278 | 193 | 85 | 43.9 | ||||||||||||
Attributable profit to the Group |
660 | 726 | (66 | ) | (9.1 | ) |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
80,789 | 75,008 | 5,781 | 7.7 | ||||||||||||
Trading portfolio (w/o loans) |
1,248 | 4,454 | (3,206 | ) | (72.0 | ) | ||||||||||
Available-for-sale financial assets |
18,446 | 13,105 | 5,341 | 40.8 | ||||||||||||
Due from credit institutions ** |
4,305 | 3,783 | 522 | 13.8 | ||||||||||||
Intangible assets and property and equipment |
8,585 | 6,750 | 1,835 | 27.2 | ||||||||||||
Other assets |
12,065 | 9,640 | 2,425 | 25.2 | ||||||||||||
Total assets/liabilities & shareholders equity |
125,438 | 112,740 | 12,698 | 11.3 | ||||||||||||
Customer deposits ** |
58,970 | 55,660 | 3,310 | 5.9 | ||||||||||||
Marketable debt securities ** |
21,552 | 17,758 | 3,794 | 21.4 | ||||||||||||
Subordinated debt ** |
891 | 874 | 17 | 2.0 | ||||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
25,138 | 15,514 | 9,624 | 62.0 | ||||||||||||
Other liabilities |
7,571 | 10,219 | (2,648 | ) | (25.9 | ) | ||||||||||
Stockholders equity *** |
11,315 | 12,714 | (1,399 | ) | (11.0 | ) | ||||||||||
Other managed and marketed customer funds |
19,980 | 16,542 | 3,439 | 20.8 | ||||||||||||
Mutual funds |
7,317 | 3,821 | 3,497 | 91.5 | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
12,663 | 12,721 | (58 | ) | (0.5 | ) | ||||||||||
Managed and marketed customer funds |
101,394 | 90,834 | 10,560 | 11.6 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
76
USA
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,398 | 1,446 | 1,453 | 1,406 | 1,478 | 1,537 | 1,547 | |||||||||||||||||||||
Net fees |
245 | 254 | 245 | 244 | 264 | 269 | 266 | |||||||||||||||||||||
Gains (losses) on financial transactions |
50 | 32 | 83 | 79 | 52 | 103 | 39 | |||||||||||||||||||||
Other operating income * |
20 | 39 | 49 | 77 | 92 | 76 | 96 | |||||||||||||||||||||
Gross income |
1,713 | 1,771 | 1,830 | 1,807 | 1,887 | 1,985 | 1,948 | |||||||||||||||||||||
Operating expenses |
(648 | ) | (646 | ) | (674 | ) | (699 | ) | (703 | ) | (724 | ) | (771 | ) | ||||||||||||||
General administrative expenses |
(581 | ) | (596 | ) | (612 | ) | (641 | ) | (642 | ) | (658 | ) | (707 | ) | ||||||||||||||
Personnel |
(322 | ) | (338 | ) | (339 | ) | (360 | ) | (367 | ) | (376 | ) | (387 | ) | ||||||||||||||
Other general administrative expenses |
(259 | ) | (258 | ) | (273 | ) | (281 | ) | (275 | ) | (282 | ) | (320 | ) | ||||||||||||||
Depreciation and amortisation |
(67 | ) | (50 | ) | (62 | ) | (58 | ) | (61 | ) | (66 | ) | (64 | ) | ||||||||||||||
Net operating income |
1,065 | 1,126 | 1,156 | 1,107 | 1,184 | 1,261 | 1,178 | |||||||||||||||||||||
Net loan-loss provisions |
(672 | ) | (614 | ) | (728 | ) | (645 | ) | (646 | ) | (749 | ) | (749 | ) | ||||||||||||||
Other income |
(3 | ) | (3 | ) | (17 | ) | 39 | (19 | ) | (41 | ) | (37 | ) | |||||||||||||||
Profit before taxes |
390 | 508 | 411 | 502 | 520 | 470 | 392 | |||||||||||||||||||||
Tax on profit |
(115 | ) | (170 | ) | (105 | ) | (134 | ) | (159 | ) | (156 | ) | (129 | ) | ||||||||||||||
Profit from continuing operations |
275 | 338 | 306 | 368 | 360 | 314 | 263 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
275 | 338 | 306 | 368 | 360 | 314 | 263 | |||||||||||||||||||||
Minority interests |
54 | 81 | 58 | 68 | 101 | 100 | 78 | |||||||||||||||||||||
Attributable profit to the Group |
221 | 258 | 247 | 300 | 260 | 215 | 185 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
75,669 | 76,508 | 75,008 | 76,316 | 79,151 | 79,552 | 80,789 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
3,301 | 3,839 | 4,454 | 5,465 | 1,464 | 1,674 | 1,248 | |||||||||||||||||||||
Available-for-sale financial assets |
11,082 | 10,073 | 13,105 | 13,803 | 15,893 | 16,762 | 18,446 | |||||||||||||||||||||
Due from credit institutions ** |
3,867 | 4,282 | 3,783 | 3,750 | 4,478 | 4,962 | 4,305 | |||||||||||||||||||||
Intangible assets and property and equipment |
4,031 | 5,651 | 6,750 | 7,483 | 7,659 | 7,889 | 8,585 | |||||||||||||||||||||
Other assets |
9,333 | 11,021 | 9,640 | 10,262 | 9,277 | 10,073 | 12,065 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
107,283 | 111,373 | 112,740 | 117,079 | 117,922 | 120,912 | 125,438 | |||||||||||||||||||||
Customer deposits ** |
54,203 | 54,243 | 55,660 | 55,599 | 57,777 | 58,060 | 58,970 | |||||||||||||||||||||
Marketable debt securities ** |
15,305 | 17,522 | 17,758 | 17,339 | 18,459 | 20,916 | 21,552 | |||||||||||||||||||||
Subordinated debt ** |
865 | 854 | 874 | 863 | 882 | 871 | 891 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
14,953 | 15,994 | 15,514 | 19,247 | 22,828 | 21,557 | 25,138 | |||||||||||||||||||||
Other liabilities |
8,364 | 9,149 | 10,219 | 11,426 | 7,303 | 8,386 | 7,571 | |||||||||||||||||||||
Stockholders equity *** |
13,593 | 13,610 | 12,714 | 12,605 | 10,673 | 11,122 | 11,315 | |||||||||||||||||||||
Other managed and marketed customer funds |
14,700 | 15,452 | 16,542 | 17,046 | 21,717 | 20,916 | 19,980 | |||||||||||||||||||||
Mutual funds |
3,055 | 3,169 | 3,821 | 3,925 | 8,197 | 7,697 | 7,317 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
11,645 | 12,284 | 12,721 | 13,121 | 13,519 | 13,218 | 12,663 | |||||||||||||||||||||
Managed and marketed customer funds |
85,073 | 88,072 | 90,834 | 90,847 | 98,835 | 100,762 | 101,394 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
77
USA
US$ million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
5,080 | 4,785 | 295 | 6.2 | ||||||||||||
Net fees |
890 | 829 | 61 | 7.4 | ||||||||||||
Gains (losses) on financial transactions |
215 | 183 | 32 | 17.6 | ||||||||||||
Other operating income * |
295 | 121 | 174 | 144.1 | ||||||||||||
Gross income |
6,480 | 5,917 | 563 | 9.5 | ||||||||||||
Operating expenses |
(2,447 | ) | (2,191 | ) | (256 | ) | 11.7 | |||||||||
General administrative expenses |
(2,235 | ) | (1,991 | ) | (243 | ) | 12.2 | |||||||||
Personnel |
(1,258 | ) | (1,113 | ) | (145 | ) | 13.1 | |||||||||
Other general administrative expenses |
(976 | ) | (879 | ) | (98 | ) | 11.1 | |||||||||
Depreciation and amortisation |
(212 | ) | (200 | ) | (12 | ) | 6.1 | |||||||||
Net operating income |
4,033 | 3,726 | 307 | 8.2 | ||||||||||||
Net loan-loss provisions |
(2,387 | ) | (2,243 | ) | (144 | ) | 6.4 | |||||||||
Other income |
(108 | ) | (26 | ) | (82 | ) | 314.3 | |||||||||
Profit before taxes |
1,539 | 1,457 | 81 | 5.6 | ||||||||||||
Tax on profit |
(494 | ) | (434 | ) | (60 | ) | 13.9 | |||||||||
Profit from continuing operations |
1,044 | 1,023 | 21 | 2.0 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,044 | 1,023 | 21 | 2.0 | ||||||||||||
Minority interests |
309 | 215 | 94 | 43.9 | ||||||||||||
Attributable profit to the Group |
735 | 808 | (73 | ) | (9.1 | ) |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Customer loans ** |
90,508 | 84,032 | 6,476 | 7.7 | ||||||||||||
Trading portfolio (w/o loans) |
1,398 | 4,990 | (3,592 | ) | (72.0 | ) | ||||||||||
Available-for-sale financial assets |
20,665 | 14,682 | 5,983 | 40.8 | ||||||||||||
Due from credit institutions ** |
4,822 | 4,238 | 585 | 13.8 | ||||||||||||
Intangible assets and property and equipment |
9,618 | 7,562 | 2,056 | 27.2 | ||||||||||||
Other assets |
13,517 | 10,800 | 2,717 | 25.2 | ||||||||||||
Total assets/liabilities & shareholders equity |
140,528 | 126,302 | 14,226 | 11.3 | ||||||||||||
Customer deposits ** |
66,064 | 62,356 | 3,708 | 5.9 | ||||||||||||
Marketable debt securities ** |
24,145 | 19,894 | 4,251 | 21.4 | ||||||||||||
Subordinated debt ** |
998 | 979 | 19 | 2.0 | ||||||||||||
Insurance liabilities |
| | | | ||||||||||||
Due to credit institutions ** |
28,163 | 17,381 | 10,782 | 62.0 | ||||||||||||
Other liabilities |
8,482 | 11,449 | (2,967 | ) | (25.9 | ) | ||||||||||
Stockholders equity *** |
12,676 | 14,244 | (1,567 | ) | (11.0 | ) | ||||||||||
Other managed and marketed customer funds |
22,384 | 18,532 | 3,852 | 20.8 | ||||||||||||
Mutual funds |
8,198 | 4,280 | 3,917 | 91.5 | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
14,186 | 14,251 | (65 | ) | (0.5 | ) | ||||||||||
Managed and marketed customer funds |
113,591 | 101,761 | 11,830 | 11.6 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
78
USA
US$ million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,557 | 1,610 | 1,618 | 1,566 | 1,646 | 1,711 | 1,723 | |||||||||||||||||||||
Net fees |
273 | 283 | 272 | 272 | 294 | 300 | 296 | |||||||||||||||||||||
Gains (losses) on financial transactions |
55 | 35 | 93 | 88 | 58 | 114 | 43 | |||||||||||||||||||||
Other operating income * |
22 | 44 | 55 | 86 | 103 | 85 | 107 | |||||||||||||||||||||
Gross income |
1,907 | 1,972 | 2,038 | 2,012 | 2,101 | 2,210 | 2,169 | |||||||||||||||||||||
Operating expenses |
(722 | ) | (719 | ) | (750 | ) | (779 | ) | (783 | ) | (806 | ) | (858 | ) | ||||||||||||||
General administrative expenses |
(647 | ) | (663 | ) | (681 | ) | (714 | ) | (715 | ) | (733 | ) | (787 | ) | ||||||||||||||
Personnel |
(359 | ) | (376 | ) | (378 | ) | (401 | ) | (408 | ) | (419 | ) | (431 | ) | ||||||||||||||
Other general administrative expenses |
(288 | ) | (287 | ) | (303 | ) | (312 | ) | (306 | ) | (314 | ) | (356 | ) | ||||||||||||||
Depreciation and amortisation |
(75 | ) | (56 | ) | (69 | ) | (65 | ) | (68 | ) | (73 | ) | (71 | ) | ||||||||||||||
Net operating income |
1,186 | 1,253 | 1,287 | 1,233 | 1,318 | 1,404 | 1,311 | |||||||||||||||||||||
Net loan-loss provisions |
(748 | ) | (684 | ) | (811 | ) | (718 | ) | (719 | ) | (834 | ) | (834 | ) | ||||||||||||||
Other income |
(3 | ) | (4 | ) | (19 | ) | 43 | (21 | ) | (46 | ) | (41 | ) | |||||||||||||||
Profit before taxes |
434 | 566 | 458 | 559 | 579 | 524 | 436 | |||||||||||||||||||||
Tax on profit |
(128 | ) | (189 | ) | (117 | ) | (149 | ) | (177 | ) | (174 | ) | (143 | ) | ||||||||||||||
Profit from continuing operations |
306 | 377 | 340 | 410 | 401 | 350 | 293 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
306 | 377 | 340 | 410 | 401 | 350 | 293 | |||||||||||||||||||||
Minority interests |
60 | 90 | 65 | 76 | 112 | 111 | 86 | |||||||||||||||||||||
Attributable profit to the Group |
246 | 287 | 275 | 334 | 289 | 239 | 206 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Customer loans ** |
84,773 | 85,712 | 84,032 | 85,496 | 88,673 | 89,122 | 90,508 | |||||||||||||||||||||
Trading portfolio (w/o loans) |
3,698 | 4,300 | 4,990 | 6,122 | 1,640 | 1,875 | 1,398 | |||||||||||||||||||||
Available-for-sale financial assets |
12,415 | 11,284 | 14,682 | 15,464 | 17,805 | 18,778 | 20,665 | |||||||||||||||||||||
Due from credit institutions ** |
4,333 | 4,798 | 4,238 | 4,201 | 5,017 | 5,559 | 4,822 | |||||||||||||||||||||
Intangible assets and property and equipment |
4,516 | 6,330 | 7,562 | 8,383 | 8,580 | 8,838 | 9,618 | |||||||||||||||||||||
Other assets |
10,456 | 12,347 | 10,800 | 11,497 | 10,393 | 11,285 | 13,517 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
120,190 | 124,772 | 126,302 | 131,164 | 132,108 | 135,458 | 140,528 | |||||||||||||||||||||
Customer deposits ** |
60,723 | 60,769 | 62,356 | 62,288 | 64,728 | 65,045 | 66,064 | |||||||||||||||||||||
Marketable debt securities ** |
17,146 | 19,630 | 19,894 | 19,425 | 20,680 | 23,432 | 24,145 | |||||||||||||||||||||
Subordinated debt ** |
969 | 957 | 979 | 967 | 988 | 976 | 998 | |||||||||||||||||||||
Insurance liabilities |
| | | | | | | |||||||||||||||||||||
Due to credit institutions ** |
16,752 | 17,918 | 17,381 | 21,562 | 25,574 | 24,150 | 28,163 | |||||||||||||||||||||
Other liabilities |
9,370 | 10,250 | 11,449 | 12,800 | 8,182 | 9,395 | 8,482 | |||||||||||||||||||||
Stockholders equity *** |
15,228 | 15,248 | 14,244 | 14,122 | 11,957 | 12,461 | 12,676 | |||||||||||||||||||||
Other managed and marketed customer funds |
16,468 | 17,311 | 18,532 | 19,096 | 24,329 | 23,432 | 22,384 | |||||||||||||||||||||
Mutual funds |
3,422 | 3,550 | 4,280 | 4,397 | 9,184 | 8,623 | 8,198 | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
13,046 | 13,761 | 14,251 | 14,699 | 15,146 | 14,808 | 14,186 | |||||||||||||||||||||
Managed and marketed customer funds |
95,307 | 98,667 | 101,761 | 101,776 | 110,725 | 112,884 | 113,591 |
(**).- Including all on-balance sheet balances for this item
(***).- Capital + reserves + profit + valuation adjustments
79
Corporate Centre
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
(491 | ) | (498 | ) | 7 | (1.4 | ) | |||||||||
Net fees |
(8 | ) | (15 | ) | 8 | (51.1 | ) | |||||||||
Gains (losses) on financial transactions |
34 | 537 | (503 | ) | (93.7 | ) | ||||||||||
Other operating income |
1 | (15 | ) | 16 | | |||||||||||
Dividends |
63 | 25 | 38 | 148.9 | ||||||||||||
Income from equity-accounted method |
(37 | ) | (25 | ) | (12 | ) | 48.8 | |||||||||
Other operating income/expenses |
(25 | ) | (16 | ) | (10 | ) | 60.4 | |||||||||
Gross income |
(463 | ) | 9 | (472 | ) | | ||||||||||
Operating expenses |
(435 | ) | (436 | ) | 2 | (0.4 | ) | |||||||||
Net operating income |
(898 | ) | (428 | ) | (470 | ) | 109.9 | |||||||||
Net loan-loss provisions |
0 | 0 | 0 | 42.7 | ||||||||||||
Other income |
(378 | ) | (128 | ) | (250 | ) | 195.6 | |||||||||
Ordinary profit before taxes |
(1,275 | ) | (555 | ) | (720 | ) | 129.7 | |||||||||
Tax on profit |
(72 | ) | (8 | ) | (63 | ) | 756.1 | |||||||||
Ordinary profit from continuing operations |
(1,347 | ) | (564 | ) | (783 | ) | 139.0 | |||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Ordinary consolidated profit |
(1,347 | ) | (564 | ) | (783 | ) | 139.0 | |||||||||
Minority interests |
28 | (1 | ) | 29 | | |||||||||||
Ordinary attributable profit to the Group |
(1,375 | ) | (563 | ) | (812 | ) | 144.3 | |||||||||
Variation | ||||||||||||||||
30.09.15 | 30.09.14 | Amount | % | |||||||||||||
Balance sheet |
||||||||||||||||
Trading portfolio (w/o loans) |
1,331 | 3,934 | (2,602 | ) | (66.2 | ) | ||||||||||
Available-for-sale financial assets |
3,585 | 2,237 | 1,348 | 60.2 | ||||||||||||
Goodwill |
26,777 | 27,364 | (586 | ) | (2.1 | ) | ||||||||||
Capital assigned to Group areas |
77,606 | 73,201 | 4,405 | 6.0 | ||||||||||||
Other assets |
35,635 | 34,761 | 874 | 2.5 | ||||||||||||
Total assets/liabilities & shareholders equity |
144,935 | 141,497 | 3,438 | 2.4 | ||||||||||||
Customer deposits * |
1,997 | 1,632 | 364 | 22.3 | ||||||||||||
Marketable debt securities * |
24,448 | 25,940 | (1,492 | ) | (5.8 | ) | ||||||||||
Subordinated debt |
8,354 | 3,481 | 4,873 | 140.0 | ||||||||||||
Other liabilities |
25,139 | 34,996 | (9,858 | ) | (28.2 | ) | ||||||||||
Stockholders equity *** |
84,998 | 75,447 | 9,551 | 12.7 | ||||||||||||
Other managed and marketed customer funds |
| | | | ||||||||||||
Mutual funds |
| | | | ||||||||||||
Pension funds |
| | | | ||||||||||||
Managed portfolios |
| | | | ||||||||||||
Managed and marketed customer funds |
34,798 | 31,053 | 3,745 | 12.1 | ||||||||||||
(**).- Including all on-balance sheet balances for this item (**).- Capital + reserves + profit + valuation adjustments
|
||||||||||||||||
Resources | ||||||||||||||||
Number of employees |
2,161 | 2,033 | 128 | 6.3 |
80
Corporate Centre
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
(233 | ) | (153 | ) | (112 | ) | (115 | ) | (220 | ) | (132 | ) | (139 | ) | ||||||||||||||
Net fees |
(7 | ) | (5 | ) | (4 | ) | (18 | ) | (2 | ) | (6 | ) | (0 | ) | ||||||||||||||
Gains (losses) on financial transactions |
214 | 85 | 238 | 162 | 12 | (68 | ) | 90 | ||||||||||||||||||||
Other operating income |
0 | (10 | ) | (5 | ) | (7 | ) | (19 | ) | 28 | (8 | ) | ||||||||||||||||
Dividends |
5 | 10 | 11 | 5 | 1 | 38 | 24 | |||||||||||||||||||||
Income from equity-accounted method |
0 | (15 | ) | (10 | ) | (3 | ) | (12 | ) | (8 | ) | (16 | ) | |||||||||||||||
Other operating income/expenses |
(5 | ) | (5 | ) | (6 | ) | (9 | ) | (8 | ) | (2 | ) | (15 | ) | ||||||||||||||
Gross income |
(25 | ) | (83 | ) | 117 | 23 | (230 | ) | (177 | ) | (56 | ) | ||||||||||||||||
Operating expenses |
(144 | ) | (146 | ) | (146 | ) | (149 | ) | (142 | ) | (150 | ) | (142 | ) | ||||||||||||||
Net operating income |
(170 | ) | (229 | ) | (29 | ) | (126 | ) | (372 | ) | (327 | ) | (199 | ) | ||||||||||||||
Net loan-loss provisions |
2 | (2 | ) | 0 | 2 | (1 | ) | 2 | (1 | ) | ||||||||||||||||||
Other income |
(27 | ) | (48 | ) | (53 | ) | (325 | ) | (98 | ) | (132 | ) | (148 | ) | ||||||||||||||
Ordinary profit before taxes |
(195 | ) | (278 | ) | (82 | ) | (449 | ) | (470 | ) | (458 | ) | (348 | ) | ||||||||||||||
Tax on profit |
7 | 13 | (29 | ) | (139 | ) | 5 | (32 | ) | (44 | ) | |||||||||||||||||
Ordinary profit from continuing operations |
(187 | ) | (265 | ) | (111 | ) | (588 | ) | (465 | ) | (490 | ) | (392 | ) | ||||||||||||||
Net profit from discontinued operations |
| | | | 0 | | (0 | ) | ||||||||||||||||||||
Ordinary consolidated profit |
(187 | ) | (265 | ) | (111 | ) | (588 | ) | (465 | ) | (490 | ) | (392 | ) | ||||||||||||||
Minority interests |
(1 | ) | 0 | (0 | ) | (0 | ) | 26 | (1 | ) | 2 | |||||||||||||||||
Ordinary attributable profit to the Group |
(187 | ) | (265 | ) | (111 | ) | (588 | ) | (491 | ) | (489 | ) | (394 | ) | ||||||||||||||
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Balance sheet |
||||||||||||||||||||||||||||
Trading portfolio (w/o loans) |
2,947 | 3,297 | 3,934 | 2,916 | 3,859 | 3,058 | 1,331 | |||||||||||||||||||||
Available-for-sale financial assets |
1,914 | 2,431 | 2,237 | 3,299 | 3,376 | 3,721 | 3,585 | |||||||||||||||||||||
Goodwill |
26,056 | 26,663 | 27,364 | 27,547 | 28,666 | 28,593 | 26,777 | |||||||||||||||||||||
Capital assigned to Group areas |
72,565 | 72,271 | 73,201 | 75,030 | 83,180 | 81,700 | 77,606 | |||||||||||||||||||||
Other assets |
38,343 | 38,461 | 34,761 | 32,585 | 36,449 | 36,369 | 35,635 | |||||||||||||||||||||
Total assets/liabilities & shareholders equity |
141,825 | 143,122 | 141,497 | 141,377 | 155,531 | 153,442 | 144,935 | |||||||||||||||||||||
Customer deposits* |
1,344 | 1,543 | 1,632 | 5,261 | 2,554 | 2,177 | 1,997 | |||||||||||||||||||||
Marketable debt securities* |
28,778 | 28,298 | 25,940 | 24,958 | 26,410 | 22,220 | 24,448 | |||||||||||||||||||||
Subordinated debt |
4,173 | 5,263 | 3,481 | 4,107 | 5,855 | 6,861 | 8,354 | |||||||||||||||||||||
Other liabilities |
35,241 | 34,326 | 34,996 | 30,091 | 25,136 | 30,105 | 25,139 | |||||||||||||||||||||
Stockholders equity *** |
72,288 | 73,691 | 75,447 | 76,961 | 95,576 | 92,078 | 84,998 | |||||||||||||||||||||
Other managed and marketed customer funds |
| | | | | | | |||||||||||||||||||||
Mutual funds |
| | | | | | | |||||||||||||||||||||
Pension funds |
| | | | | | | |||||||||||||||||||||
Managed portfolios |
| | | | | | | |||||||||||||||||||||
Managed and marketed customer funds |
34,296 | 35,105 | 31,053 | 34,325 | 34,820 | 31,258 | 34,798 |
(*).- Including all on-balance sheet balances for this item
(**).- Capital + reserves + profit + valuation adjustments
81
Retail Banking
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
22,639 | 20,535 | 2,104 | 10.2 | ||||||||||||
Net fees |
6,497 | 6,149 | 348 | 5.7 | ||||||||||||
Gains (losses) on financial transactions |
1,038 | 892 | 146 | 16.4 | ||||||||||||
Other operating income * |
552 | 146 | 406 | 277.6 | ||||||||||||
Gross income |
30,726 | 27,722 | 3,004 | 10.8 | ||||||||||||
Operating expenses |
(13,980 | ) | (12,846 | ) | (1,134 | ) | 8.8 | |||||||||
General administrative expenses |
(12,808 | ) | (11,698 | ) | (1,109 | ) | 9.5 | |||||||||
Personnel |
(6,859 | ) | (6,324 | ) | (535 | ) | 8.5 | |||||||||
Other general administrative expenses |
(5,949 | ) | (5,374 | ) | (575 | ) | 10.7 | |||||||||
Depreciation and amortisation |
(1,172 | ) | (1,147 | ) | (25 | ) | 2.2 | |||||||||
Net operating income |
16,746 | 14,876 | 1,870 | 12.6 | ||||||||||||
Net loan-loss provisions |
(6,928 | ) | (7,437 | ) | 509 | (6.8 | ) | |||||||||
Other income |
(1,325 | ) | (1,049 | ) | (276 | ) | 26.3 | |||||||||
Ordinary profit before taxes |
8,494 | 6,391 | 2,104 | 32.9 | ||||||||||||
Tax on profit |
(2,144 | ) | (1,514 | ) | (630 | ) | 41.6 | |||||||||
Ordinary profit from continuing operations |
6,350 | 4,876 | 1,473 | 30.2 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Ordinary consolidated profit |
6,350 | 4,870 | 1,480 | 30.4 | ||||||||||||
Minority interests |
893 | 779 | 115 | 14.7 | ||||||||||||
Ordinary attributable profit to the Group |
5,456 | 4,091 | 1,366 | 33.4 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
82
Retail Banking
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
6,661 | 6,887 | 6,987 | 7,164 | 7,535 | 7,671 | 7,434 | |||||||||||||||||||||
Net fees |
2,002 | 2,043 | 2,104 | 2,188 | 2,173 | 2,190 | 2,134 | |||||||||||||||||||||
Gains (losses) on financial transactions |
205 | 252 | 435 | 503 | 353 | 348 | 337 | |||||||||||||||||||||
Other operating income * |
1 | 82 | 63 | 112 | 176 | 187 | 190 | |||||||||||||||||||||
Gross income |
8,869 | 9,264 | 9,589 | 9,967 | 10,237 | 10,395 | 10,094 | |||||||||||||||||||||
Operating expenses |
(4,202 | ) | (4,248 | ) | (4,395 | ) | (4,537 | ) | (4,659 | ) | (4,699 | ) | (4,621 | ) | ||||||||||||||
General administrative expenses |
(3,787 | ) | (3,894 | ) | (4,018 | ) | (4,141 | ) | (4,280 | ) | (4,292 | ) | (4,235 | ) | ||||||||||||||
Personnel |
(2,044 | ) | (2,106 | ) | (2,174 | ) | (2,240 | ) | (2,277 | ) | (2,341 | ) | (2,240 | ) | ||||||||||||||
Other general administrative expenses |
(1,743 | ) | (1,788 | ) | (1,844 | ) | (1,900 | ) | (2,004 | ) | (1,951 | ) | (1,995 | ) | ||||||||||||||
Depreciation and amortisation |
(415 | ) | (355 | ) | (378 | ) | (396 | ) | (379 | ) | (407 | ) | (386 | ) | ||||||||||||||
Net operating income |
4,667 | 5,016 | 5,194 | 5,430 | 5,578 | 5,696 | 5,473 | |||||||||||||||||||||
Net loan-loss provisions |
(2,512 | ) | (2,363 | ) | (2,562 | ) | (2,303 | ) | (2,322 | ) | (2,318 | ) | (2,289 | ) | ||||||||||||||
Other income |
(277 | ) | (352 | ) | (420 | ) | (337 | ) | (372 | ) | (474 | ) | (479 | ) | ||||||||||||||
Ordinary profit before taxes |
1,877 | 2,301 | 2,212 | 2,791 | 2,885 | 2,905 | 2,705 | |||||||||||||||||||||
Tax on profit |
(447 | ) | (570 | ) | (497 | ) | (615 | ) | (765 | ) | (760 | ) | (620 | ) | ||||||||||||||
Ordinary profit from continuing operations |
1,430 | 1,731 | 1,715 | 2,175 | 2,120 | 2,145 | 2,085 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Ordinary consolidated profit |
1,430 | 1,731 | 1,709 | 2,156 | 2,120 | 2,145 | 2,085 | |||||||||||||||||||||
Minority interests |
243 | 279 | 257 | 253 | 283 | 319 | 291 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
1,187 | 1,453 | 1,452 | 1,903 | 1,837 | 1,826 | 1,794 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
83
Retail Banking
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
22,639 | 21,107 | 1,532 | 7.3 | ||||||||||||
Net fees |
6,497 | 6,199 | 298 | 4.8 | ||||||||||||
Gains (losses) on financial transactions |
1,038 | 927 | 111 | 12.0 | ||||||||||||
Other operating income * |
552 | 162 | 390 | 241.4 | ||||||||||||
Gross income |
30,726 | 28,395 | 2,331 | 8.2 | ||||||||||||
Operating expenses |
(13,980 | ) | (13,122 | ) | (857 | ) | 6.5 | |||||||||
General administrative expenses |
(12,808 | ) | (11,949 | ) | (859 | ) | 7.2 | |||||||||
Personnel |
(6,859 | ) | (6,482 | ) | (377 | ) | 5.8 | |||||||||
Other general administrative expenses |
(5,949 | ) | (5,467 | ) | (482 | ) | 8.8 | |||||||||
Depreciation and amortisation |
(1,172 | ) | (1,174 | ) | 2 | (0.1 | ) | |||||||||
Net operating income |
16,746 | 15,273 | 1,473 | 9.6 | ||||||||||||
Net loan-loss provisions |
(6,928 | ) | (7,561 | ) | 633 | (8.4 | ) | |||||||||
Other income |
(1,325 | ) | (1,013 | ) | (312 | ) | 30.8 | |||||||||
Ordinary profit before taxes |
8,494 | 6,699 | 1,795 | 26.8 | ||||||||||||
Tax on profit |
(2,144 | ) | (1,589 | ) | (555 | ) | 34.9 | |||||||||
Ordinary profit from continuing operations |
6,350 | 5,110 | 1,240 | 24.3 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Ordinary consolidated profit |
6,350 | 5,103 | 1,246 | 24.4 | ||||||||||||
Minority interests |
893 | 795 | 98 | 12.4 | ||||||||||||
Ordinary attributable profit to the Group |
5,456 | 4,308 | 1,148 | 26.6 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
84
Retail Banking
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
6,962 | 7,079 | 7,066 | 7,274 | 7,398 | 7,558 | 7,684 | |||||||||||||||||||||
Net fees |
2,050 | 2,059 | 2,089 | 2,178 | 2,125 | 2,160 | 2,212 | |||||||||||||||||||||
Gains (losses) on financial transactions |
218 | 267 | 442 | 510 | 354 | 340 | 344 | |||||||||||||||||||||
Other operating income * |
6 | 87 | 69 | 119 | 176 | 184 | 192 | |||||||||||||||||||||
Gross income |
9,236 | 9,492 | 9,667 | 10,081 | 10,052 | 10,242 | 10,432 | |||||||||||||||||||||
Operating expenses |
(4,360 | ) | (4,339 | ) | (4,423 | ) | (4,582 | ) | (4,579 | ) | (4,636 | ) | (4,765 | ) | ||||||||||||||
General administrative expenses |
(3,926 | ) | (3,977 | ) | (4,045 | ) | (4,180 | ) | (4,208 | ) | (4,234 | ) | (4,365 | ) | ||||||||||||||
Personnel |
(2,125 | ) | (2,159 | ) | (2,198 | ) | (2,269 | ) | (2,239 | ) | (2,310 | ) | (2,310 | ) | ||||||||||||||
Other general administrative expenses |
(1,801 | ) | (1,818 | ) | (1,847 | ) | (1,911 | ) | (1,969 | ) | (1,925 | ) | (2,055 | ) | ||||||||||||||
Depreciation and amortisation |
(434 | ) | (362 | ) | (378 | ) | (402 | ) | (371 | ) | (401 | ) | (399 | ) | ||||||||||||||
Net operating income |
4,876 | 5,153 | 5,244 | 5,500 | 5,473 | 5,606 | 5,667 | |||||||||||||||||||||
Net loan-loss provisions |
(2,607 | ) | (2,389 | ) | (2,565 | ) | (2,316 | ) | (2,266 | ) | (2,279 | ) | (2,383 | ) | ||||||||||||||
Other income |
(275 | ) | (341 | ) | (397 | ) | (322 | ) | (356 | ) | (465 | ) | (504 | ) | ||||||||||||||
Ordinary profit before taxes |
1,995 | 2,423 | 2,281 | 2,862 | 2,851 | 2,863 | 2,780 | |||||||||||||||||||||
Tax on profit |
(474 | ) | (602 | ) | (513 | ) | (630 | ) | (753 | ) | (749 | ) | (642 | ) | ||||||||||||||
Ordinary profit from continuing operations |
1,521 | 1,821 | 1,769 | 2,232 | 2,098 | 2,113 | 2,138 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Ordinary consolidated profit |
1,521 | 1,820 | 1,762 | 2,213 | 2,098 | 2,113 | 2,138 | |||||||||||||||||||||
Minority interests |
252 | 287 | 257 | 263 | 281 | 313 | 300 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
1,269 | 1,534 | 1,506 | 1,950 | 1,817 | 1,800 | 1,839 |
(*).- Including dividends, income from equity-accounted method and other operating income/expenses
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
85
Retail Banking Continental Europe
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
5,354 | 4,822 | 532 | 11.0 | ||||||||||||
Net fees |
2,151 | 2,195 | (43 | ) | (2.0 | ) | ||||||||||
Gains (losses) on financial transactions |
455 | 608 | (152 | ) | (25.1 | ) | ||||||||||
Other operating income * |
207 | (28 | ) | 235 | | |||||||||||
Gross income |
8,168 | 7,596 | 572 | 7.5 | ||||||||||||
Operating expenses |
(4,221 | ) | (4,085 | ) | (136 | ) | 3.3 | |||||||||
General administrative expenses |
(3,944 | ) | (3,809 | ) | (135 | ) | 3.5 | |||||||||
Personnel |
(2,102 | ) | (2,043 | ) | (59 | ) | 2.9 | |||||||||
Other general administrative expenses |
(1,842 | ) | (1,766 | ) | (76 | ) | 4.3 | |||||||||
Depreciation and amortisation |
(277 | ) | (276 | ) | (1 | ) | 0.5 | |||||||||
Net operating income |
3,947 | 3,512 | 436 | 12.4 | ||||||||||||
Net loan-loss provisions |
(1,313 | ) | (1,777 | ) | 464 | (26.1 | ) | |||||||||
Other income |
(238 | ) | (278 | ) | 40 | (14.4 | ) | |||||||||
Profit before taxes |
2,397 | 1,457 | 940 | 64.5 | ||||||||||||
Tax on profit |
(618 | ) | (344 | ) | (275 | ) | 80.0 | |||||||||
Profit from continuing operations |
1,779 | 1,113 | 665 | 59.7 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Consolidated profit |
1,779 | 1,107 | 672 | 60.7 | ||||||||||||
Minority interests |
207 | 117 | 90 | 76.5 | ||||||||||||
Attributable profit to the Group |
1,572 | 990 | 582 | 58.8 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
86
Retail Banking Continental Europe
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,584 | 1,631 | 1,608 | 1,700 | 1,820 | 1,756 | 1,778 | |||||||||||||||||||||
Net fees |
746 | 731 | 718 | 740 | 707 | 726 | 718 | |||||||||||||||||||||
Gains (losses) on financial transactions |
129 | 218 | 260 | 457 | 261 | 61 | 133 | |||||||||||||||||||||
Other operating income * |
(21 | ) | 0 | (8 | ) | 22 | 77 | 80 | 50 | |||||||||||||||||||
Gross income |
2,438 | 2,581 | 2,578 | 2,919 | 2,866 | 2,623 | 2,679 | |||||||||||||||||||||
Operating expenses |
(1,387 | ) | (1,362 | ) | (1,335 | ) | (1,357 | ) | (1,399 | ) | (1,412 | ) | (1,410 | ) | ||||||||||||||
General administrative expenses |
(1,282 | ) | (1,277 | ) | (1,251 | ) | (1,266 | ) | (1,316 | ) | (1,317 | ) | (1,310 | ) | ||||||||||||||
Personnel |
(692 | ) | (680 | ) | (670 | ) | (687 | ) | (700 | ) | (724 | ) | (678 | ) | ||||||||||||||
Other general administrative expenses |
(590 | ) | (596 | ) | (580 | ) | (579 | ) | (617 | ) | (593 | ) | (633 | ) | ||||||||||||||
Depreciation and amortisation |
(105 | ) | (85 | ) | (85 | ) | (91 | ) | (83 | ) | (95 | ) | (100 | ) | ||||||||||||||
Net operating income |
1,050 | 1,219 | 1,243 | 1,562 | 1,467 | 1,211 | 1,269 | |||||||||||||||||||||
Net loan-loss provisions |
(620 | ) | (588 | ) | (568 | ) | (563 | ) | (536 | ) | (431 | ) | (346 | ) | ||||||||||||||
Other income |
(70 | ) | (109 | ) | (98 | ) | 34 | (76 | ) | (107 | ) | (55 | ) | |||||||||||||||
Profit before taxes |
360 | 521 | 576 | 1,033 | 855 | 673 | 869 | |||||||||||||||||||||
Tax on profit |
(74 | ) | (127 | ) | (143 | ) | (293 | ) | (223 | ) | (169 | ) | (227 | ) | ||||||||||||||
Profit from continuing operations |
286 | 394 | 434 | 740 | 632 | 504 | 643 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Consolidated profit |
286 | 394 | 427 | 721 | 632 | 504 | 643 | |||||||||||||||||||||
Minority interests |
36 | 37 | 45 | 48 | 69 | 66 | 72 | |||||||||||||||||||||
Attributable profit to the Group |
250 | 357 | 382 | 672 | 563 | 438 | 571 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
87
Retail Banking Continental Europe
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
5,354 | 4,812 | 542 | 11.3 | ||||||||||||
Net fees |
2,151 | 2,203 | (52 | ) | (2.4 | ) | ||||||||||
Gains (losses) on financial transactions |
455 | 610 | (154 | ) | (25.3 | ) | ||||||||||
Other operating income * |
207 | (28 | ) | 235 | | |||||||||||
Gross income |
8,168 | 7,597 | 571 | 7.5 | ||||||||||||
Operating expenses |
(4,221 | ) | (4,088 | ) | (133 | ) | 3.2 | |||||||||
General administrative expenses |
(3,944 | ) | (3,812 | ) | (131 | ) | 3.4 | |||||||||
Personnel |
(2,102 | ) | (2,046 | ) | (56 | ) | 2.7 | |||||||||
Other general administrative expenses |
(1,842 | ) | (1,767 | ) | (76 | ) | 4.3 | |||||||||
Depreciation and amortisation |
(277 | ) | (276 | ) | (1 | ) | 0.4 | |||||||||
Net operating income |
3,947 | 3,509 | 438 | 12.5 | ||||||||||||
Net loan-loss provisions |
(1,313 | ) | (1,774 | ) | 461 | (26.0 | ) | |||||||||
Other income |
(238 | ) | (278 | ) | 40 | (14.4 | ) | |||||||||
Profit before taxes |
2,397 | 1,457 | 940 | 64.5 | ||||||||||||
Tax on profit |
(618 | ) | (343 | ) | (276 | ) | 80.4 | |||||||||
Profit from continuing operations |
1,779 | 1,115 | 664 | 59.6 | ||||||||||||
Net profit from discontinued operations |
| (7 | ) | 7 | (100.0 | ) | ||||||||||
Consolidated profit |
1,779 | 1,108 | 671 | 60.6 | ||||||||||||
Minority interests |
207 | 118 | 89 | 75.8 | ||||||||||||
Attributable profit to the Group |
1,572 | 990 | 582 | 58.7 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
88
Retail Banking Continental Europe
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,583 | 1,627 | 1,602 | 1,704 | 1,821 | 1,747 | 1,786 | |||||||||||||||||||||
Net fees |
749 | 734 | 720 | 743 | 708 | 724 | 719 | |||||||||||||||||||||
Gains (losses) on financial transactions |
130 | 219 | 261 | 457 | 261 | 61 | 133 | |||||||||||||||||||||
Other operating income * |
(20 | ) | 1 | (8 | ) | 22 | 77 | 80 | 50 | |||||||||||||||||||
Gross income |
2,441 | 2,581 | 2,575 | 2,926 | 2,868 | 2,612 | 2,689 | |||||||||||||||||||||
Operating expenses |
(1,389 | ) | (1,363 | ) | (1,336 | ) | (1,358 | ) | (1,400 | ) | (1,407 | ) | (1,414 | ) | ||||||||||||||
General administrative expenses |
(1,284 | ) | (1,277 | ) | (1,251 | ) | (1,267 | ) | (1,317 | ) | (1,313 | ) | (1,314 | ) | ||||||||||||||
Personnel |
(694 | ) | (681 | ) | (671 | ) | (688 | ) | (700 | ) | (722 | ) | (680 | ) | ||||||||||||||
Other general administrative expenses |
(590 | ) | (596 | ) | (580 | ) | (578 | ) | (617 | ) | (591 | ) | (635 | ) | ||||||||||||||
Depreciation and amortisation |
(105 | ) | (85 | ) | (85 | ) | (92 | ) | (83 | ) | (94 | ) | (100 | ) | ||||||||||||||
Net operating income |
1,052 | 1,218 | 1,239 | 1,567 | 1,468 | 1,205 | 1,275 | |||||||||||||||||||||
Net loan-loss provisions |
(620 | ) | (587 | ) | (567 | ) | (562 | ) | (536 | ) | (429 | ) | (347 | ) | ||||||||||||||
Other income |
(70 | ) | (109 | ) | (98 | ) | 35 | (76 | ) | (107 | ) | (55 | ) | |||||||||||||||
Profit before taxes |
362 | 521 | 574 | 1,040 | 855 | 669 | 873 | |||||||||||||||||||||
Tax on profit |
(75 | ) | (126 | ) | (142 | ) | (295 | ) | (223 | ) | (168 | ) | (227 | ) | ||||||||||||||
Profit from continuing operations |
287 | 395 | 432 | 745 | 633 | 500 | 645 | |||||||||||||||||||||
Net profit from discontinued operations |
(0 | ) | (0 | ) | (7 | ) | (19 | ) | 0 | 0 | (0 | ) | ||||||||||||||||
Consolidated profit |
287 | 395 | 426 | 726 | 633 | 500 | 645 | |||||||||||||||||||||
Minority interests |
36 | 37 | 45 | 49 | 70 | 65 | 72 | |||||||||||||||||||||
Attributable profit to the Group |
251 | 358 | 381 | 677 | 563 | 435 | 574 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
89
Retail Banking United Kingdom
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
3,634 | 3,073 | 561 | 18.3 | ||||||||||||
Net fees |
689 | 617 | 72 | 11.6 | ||||||||||||
Gains (losses) on financial transactions |
68 | 36 | 32 | 89.2 | ||||||||||||
Other operating income * |
20 | 17 | 3 | 15.6 | ||||||||||||
Gross income |
4,411 | 3,743 | 668 | 17.8 | ||||||||||||
Operating expenses |
(2,228 | ) | (1,919 | ) | (308 | ) | 16.1 | |||||||||
General administrative expenses |
(2,000 | ) | (1,691 | ) | (309 | ) | 18.3 | |||||||||
Personnel |
(1,039 | ) | (1,000 | ) | (39 | ) | 3.9 | |||||||||
Other general administrative expenses |
(961 | ) | (691 | ) | (270 | ) | 39.1 | |||||||||
Depreciation and amortisation |
(228 | ) | (228 | ) | 0 | (0.2 | ) | |||||||||
Net operating income |
2,183 | 1,824 | 360 | 19.7 | ||||||||||||
Net loan-loss provisions |
(98 | ) | (294 | ) | 196 | (66.6 | ) | |||||||||
Other income |
(230 | ) | (176 | ) | (54 | ) | 30.4 | |||||||||
Profit before taxes |
1,855 | 1,353 | 502 | 37.1 | ||||||||||||
Tax on profit |
(402 | ) | (283 | ) | (119 | ) | 42.1 | |||||||||
Profit from continuing operations |
1,453 | 1,071 | 383 | 35.7 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,453 | 1,071 | 383 | 35.7 | ||||||||||||
Minority interests |
27 | | 27 | | ||||||||||||
Attributable profit to the Group |
1,426 | 1,071 | 356 | 33.2 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
90
Retail Banking United Kingdom
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
978 | 1,017 | 1,078 | 1,110 | 1,175 | 1,230 | 1,229 | |||||||||||||||||||||
Net fees |
206 | 201 | 210 | 208 | 230 | 233 | 226 | |||||||||||||||||||||
Gains (losses) on financial transactions |
21 | 16 | (2 | ) | (32 | ) | 4 | 41 | 23 | |||||||||||||||||||
Other operating income * |
5 | 4 | 8 | 4 | 3 | 1 | 16 | |||||||||||||||||||||
Gross income |
1,210 | 1,239 | 1,294 | 1,290 | 1,412 | 1,505 | 1,494 | |||||||||||||||||||||
Operating expenses |
(631 | ) | (636 | ) | (652 | ) | (697 | ) | (730 | ) | (750 | ) | (748 | ) | ||||||||||||||
General administrative expenses |
(545 | ) | (559 | ) | (587 | ) | (608 | ) | (660 | ) | (670 | ) | (670 | ) | ||||||||||||||
Personnel |
(320 | ) | (327 | ) | (353 | ) | (354 | ) | (339 | ) | (356 | ) | (344 | ) | ||||||||||||||
Other general administrative expenses |
(226 | ) | (231 | ) | (234 | ) | (254 | ) | (321 | ) | (315 | ) | (326 | ) | ||||||||||||||
Depreciation and amortisation |
(86 | ) | (78 | ) | (65 | ) | (89 | ) | (70 | ) | (80 | ) | (78 | ) | ||||||||||||||
Net operating income |
579 | 603 | 642 | 594 | 682 | 755 | 746 | |||||||||||||||||||||
Net loan-loss provisions |
(116 | ) | (91 | ) | (87 | ) | (32 | ) | (72 | ) | (34 | ) | 8 | |||||||||||||||
Other income |
(43 | ) | (60 | ) | (74 | ) | (134 | ) | (56 | ) | (51 | ) | (124 | ) | ||||||||||||||
Profit before taxes |
420 | 452 | 481 | 428 | 554 | 670 | 631 | |||||||||||||||||||||
Tax on profit |
(84 | ) | (96 | ) | (103 | ) | (97 | ) | (109 | ) | (149 | ) | (144 | ) | ||||||||||||||
Profit from continuing operations |
336 | 357 | 378 | 331 | 446 | 522 | 486 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
336 | 357 | 378 | 331 | 446 | 522 | 486 | |||||||||||||||||||||
Minority interests |
| | | | 8 | 9 | 10 | |||||||||||||||||||||
Attributable profit to the Group |
336 | 357 | 378 | 331 | 438 | 512 | 477 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
91
Retail Banking United Kingdom
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
3,634 | 3,432 | 203 | 5.9 | ||||||||||||
Net fees |
689 | 689 | (0 | ) | (0.0 | ) | ||||||||||
Gains (losses) on financial transactions |
68 | 40 | 28 | 69.4 | ||||||||||||
Other operating income * |
20 | 19 | 1 | 3.5 | ||||||||||||
Gross income |
4,411 | 4,180 | 231 | 5.5 | ||||||||||||
Operating expenses |
(2,228 | ) | (2,144 | ) | (84 | ) | 3.9 | |||||||||
General administrative expenses |
(2,000 | ) | (1,888 | ) | (111 | ) | 5.9 | |||||||||
Personnel |
(1,039 | ) | (1,117 | ) | 78 | (7.0 | ) | |||||||||
Other general administrative expenses |
(961 | ) | (772 | ) | (189 | ) | 24.6 | |||||||||
Depreciation and amortisation |
(228 | ) | (255 | ) | 27 | (10.6 | ) | |||||||||
Net operating income |
2,183 | 2,037 | 147 | 7.2 | ||||||||||||
Net loan-loss provisions |
(98 | ) | (328 | ) | 230 | (70.1 | ) | |||||||||
Other income |
(230 | ) | (197 | ) | (33 | ) | 16.7 | |||||||||
Profit before taxes |
1,855 | 1,511 | 344 | 22.7 | ||||||||||||
Tax on profit |
(402 | ) | (316 | ) | (86 | ) | 27.2 | |||||||||
Profit from continuing operations |
1,453 | 1,196 | 258 | 21.5 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,453 | 1,196 | 258 | 21.5 | ||||||||||||
Minority interests |
27 | | 27 | | ||||||||||||
Attributable profit to the Group |
1,426 | 1,196 | 230 | 19.3 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
92
Retail Banking United Kingdom
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,114 | 1,141 | 1,177 | 1,206 | 1,201 | 1,221 | 1,212 | |||||||||||||||||||||
Net fees |
235 | 225 | 229 | 226 | 235 | 231 | 223 | |||||||||||||||||||||
Gains (losses) on financial transactions |
24 | 18 | (2 | ) | (35 | ) | 4 | 41 | 23 | |||||||||||||||||||
Other operating income * |
5 | 5 | 9 | 4 | 3 | 1 | 16 | |||||||||||||||||||||
Gross income |
1,379 | 1,389 | 1,413 | 1,401 | 1,443 | 1,494 | 1,474 | |||||||||||||||||||||
Operating expenses |
(719 | ) | (713 | ) | (712 | ) | (757 | ) | (746 | ) | (744 | ) | (738 | ) | ||||||||||||||
General administrative expenses |
(621 | ) | (626 | ) | (641 | ) | (661 | ) | (674 | ) | (665 | ) | (660 | ) | ||||||||||||||
Personnel |
(364 | ) | (367 | ) | (386 | ) | (385 | ) | (346 | ) | (353 | ) | (339 | ) | ||||||||||||||
Other general administrative expenses |
(257 | ) | (259 | ) | (255 | ) | (276 | ) | (328 | ) | (312 | ) | (321 | ) | ||||||||||||||
Depreciation and amortisation |
(98 | ) | (87 | ) | (71 | ) | (97 | ) | (72 | ) | (79 | ) | (77 | ) | ||||||||||||||
Net operating income |
660 | 676 | 701 | 644 | 697 | 750 | 736 | |||||||||||||||||||||
Net loan-loss provisions |
(133 | ) | (102 | ) | (94 | ) | (33 | ) | (74 | ) | (33 | ) | 9 | |||||||||||||||
Other income |
(49 | ) | (67 | ) | (81 | ) | (147 | ) | (57 | ) | (50 | ) | (123 | ) | ||||||||||||||
Profit before taxes |
478 | 507 | 526 | 464 | 566 | 667 | 622 | |||||||||||||||||||||
Tax on profit |
(95 | ) | (107 | ) | (113 | ) | (105 | ) | (111 | ) | (148 | ) | (143 | ) | ||||||||||||||
Profit from continuing operations |
383 | 400 | 413 | 358 | 455 | 518 | 479 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
383 | 400 | 413 | 358 | 455 | 518 | 479 | |||||||||||||||||||||
Minority interests |
| | | | 8 | 9 | 10 | |||||||||||||||||||||
Attributable profit to the Group |
383 | 400 | 413 | 358 | 447 | 509 | 470 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
93
Retail Banking United Kingdom
£ million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
2,641 | 2,494 | 147 | 5.9 | ||||||||||||
Net fees |
501 | 501 | (0 | ) | (0.0 | ) | ||||||||||
Gains (losses) on financial transactions |
49 | 29 | 20 | 69.4 | ||||||||||||
Other operating income * |
14 | 14 | 0 | 3.5 | ||||||||||||
Gross income |
3,206 | 3,038 | 168 | 5.5 | ||||||||||||
Operating expenses |
(1,619 | ) | (1,558 | ) | (61 | ) | 3.9 | |||||||||
General administrative expenses |
(1,453 | ) | (1,372 | ) | (81 | ) | 5.9 | |||||||||
Personnel |
(755 | ) | (812 | ) | 57 | (7.0 | ) | |||||||||
Other general administrative expenses |
(699 | ) | (561 | ) | (138 | ) | 24.6 | |||||||||
Depreciation and amortisation |
(166 | ) | (185 | ) | 20 | (10.6 | ) | |||||||||
Net operating income |
1,587 | 1,480 | 107 | 7.2 | ||||||||||||
Net loan-loss provisions |
(71 | ) | (238 | ) | 167 | (70.1 | ) | |||||||||
Other income |
(167 | ) | (143 | ) | (24 | ) | 16.7 | |||||||||
Profit before taxes |
1,348 | 1,098 | 250 | 22.7 | ||||||||||||
Tax on profit |
(292 | ) | (229 | ) | (62 | ) | 27.2 | |||||||||
Profit from continuing operations |
1,056 | 869 | 187 | 21.5 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,056 | 869 | 187 | 21.5 | ||||||||||||
Minority interests |
20 | | 20 | | ||||||||||||
Attributable profit to the Group |
1,036 | 869 | 167 | 19.3 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
94
Retail Banking United Kingdom
£ million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
810 | 829 | 855 | 876 | 873 | 887 | 881 | |||||||||||||||||||||
Net fees |
171 | 164 | 166 | 164 | 171 | 168 | 162 | |||||||||||||||||||||
Gains (losses) on financial transactions |
18 | 13 | (2 | ) | (26 | ) | 3 | 30 | 17 | |||||||||||||||||||
Other operating income * |
4 | 4 | 6 | 3 | 3 | 1 | 11 | |||||||||||||||||||||
Gross income |
1,002 | 1,009 | 1,026 | 1,018 | 1,049 | 1,086 | 1,071 | |||||||||||||||||||||
Operating expenses |
(522 | ) | (518 | ) | (517 | ) | (550 | ) | (542 | ) | (541 | ) | (536 | ) | ||||||||||||||
General administrative expenses |
(452 | ) | (455 | ) | (466 | ) | (480 | ) | (490 | ) | (483 | ) | (480 | ) | ||||||||||||||
Personnel |
(265 | ) | (267 | ) | (280 | ) | (279 | ) | (252 | ) | (257 | ) | (247 | ) | ||||||||||||||
Other general administrative expenses |
(187 | ) | (189 | ) | (185 | ) | (201 | ) | (239 | ) | (227 | ) | (233 | ) | ||||||||||||||
Depreciation and amortisation |
(71 | ) | (63 | ) | (51 | ) | (70 | ) | (52 | ) | (57 | ) | (56 | ) | ||||||||||||||
Net operating income |
480 | 491 | 509 | 468 | 507 | 545 | 535 | |||||||||||||||||||||
Net loan-loss provisions |
(96 | ) | (74 | ) | (68 | ) | (24 | ) | (54 | ) | (24 | ) | 6 | |||||||||||||||
Other income |
(35 | ) | (49 | ) | (59 | ) | (107 | ) | (41 | ) | (36 | ) | (89 | ) | ||||||||||||||
Profit before taxes |
348 | 369 | 382 | 337 | 412 | 484 | 452 | |||||||||||||||||||||
Tax on profit |
(69 | ) | (78 | ) | (82 | ) | (77 | ) | (81 | ) | (108 | ) | (104 | ) | ||||||||||||||
Profit from continuing operations |
278 | 291 | 300 | 260 | 331 | 377 | 348 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
278 | 291 | 300 | 260 | 331 | 377 | 348 | |||||||||||||||||||||
Minority interests |
| | | | 6 | 7 | 7 | |||||||||||||||||||||
Attributable profit to the Group |
278 | 291 | 300 | 260 | 325 | 370 | 341 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
95
Retail Banking Latin America
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
9,168 | 9,169 | (1 | ) | (0.0 | ) | ||||||||||
Net fees |
2,930 | 2,792 | 138 | 4.9 | ||||||||||||
Gains (losses) on financial transactions |
373 | 148 | 224 | 151.5 | ||||||||||||
Other operating income * |
60 | 66 | (7 | ) | (10.0 | ) | ||||||||||
Gross income |
12,530 | 12,175 | 355 | 2.9 | ||||||||||||
Operating expenses |
(5,476 | ) | (5,332 | ) | (144 | ) | 2.7 | |||||||||
General administrative expenses |
(4,998 | ) | (4,834 | ) | (164 | ) | 3.4 | |||||||||
Personnel |
(2,682 | ) | (2,528 | ) | (154 | ) | 6.1 | |||||||||
Other general administrative expenses |
(2,315 | ) | (2,306 | ) | (10 | ) | 0.4 | |||||||||
Depreciation and amortisation |
(479 | ) | (498 | ) | 19 | (3.9 | ) | |||||||||
Net operating income |
7,054 | 6,843 | 211 | 3.1 | ||||||||||||
Net loan-loss provisions |
(3,379 | ) | (3,759 | ) | 380 | (10.1 | ) | |||||||||
Other income |
(754 | ) | (575 | ) | (179 | ) | 31.1 | |||||||||
Ordinary profit before taxes |
2,921 | 2,509 | 412 | 16.4 | ||||||||||||
Tax on profit |
(684 | ) | (564 | ) | (120 | ) | 21.4 | |||||||||
Ordinary profit from continuing operations |
2,237 | 1,945 | 292 | 15.0 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Ordinary consolidated profit |
2,237 | 1,945 | 292 | 15.0 | ||||||||||||
Minority interests |
382 | 503 | (121 | ) | (24.1 | ) | ||||||||||
Ordinary attributable profit to the Group |
1,855 | 1,442 | 413 | 28.6 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
96
Retail Banking Latin America
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
2,982 | 3,083 | 3,104 | 3,122 | 3,101 | 3,162 | 2,905 | |||||||||||||||||||||
Net fees |
877 | 925 | 990 | 1,048 | 996 | 990 | 944 | |||||||||||||||||||||
Gains (losses) on financial transactions |
27 | 2 | 118 | 22 | 54 | 153 | 166 | |||||||||||||||||||||
Other operating income * |
1 | 43 | 23 | 20 | 3 | 29 | 28 | |||||||||||||||||||||
Gross income |
3,888 | 4,053 | 4,234 | 4,212 | 4,154 | 4,333 | 4,044 | |||||||||||||||||||||
Operating expenses |
(1,693 | ) | (1,762 | ) | (1,878 | ) | (1,904 | ) | (1,877 | ) | (1,862 | ) | (1,738 | ) | ||||||||||||||
General administrative expenses |
(1,523 | ) | (1,610 | ) | (1,701 | ) | (1,740 | ) | (1,711 | ) | (1,693 | ) | (1,594 | ) | ||||||||||||||
Personnel |
(793 | ) | (848 | ) | (887 | ) | (906 | ) | (901 | ) | (918 | ) | (862 | ) | ||||||||||||||
Other general administrative expenses |
(730 | ) | (762 | ) | (814 | ) | (834 | ) | (809 | ) | (775 | ) | (731 | ) | ||||||||||||||
Depreciation and amortisation |
(170 | ) | (152 | ) | (177 | ) | (164 | ) | (166 | ) | (169 | ) | (144 | ) | ||||||||||||||
Net operating income |
2,195 | 2,291 | 2,357 | 2,308 | 2,277 | 2,471 | 2,306 | |||||||||||||||||||||
Net loan-loss provisions |
(1,226 | ) | (1,211 | ) | (1,322 | ) | (1,129 | ) | (1,074 | ) | (1,101 | ) | (1,204 | ) | ||||||||||||||
Other income |
(162 | ) | (180 | ) | (233 | ) | (270 | ) | (221 | ) | (274 | ) | (258 | ) | ||||||||||||||
Ordinary profit before taxes |
807 | 901 | 801 | 910 | 981 | 1,096 | 844 | |||||||||||||||||||||
Tax on profit |
(201 | ) | (204 | ) | (159 | ) | (110 | ) | (277 | ) | (283 | ) | (125 | ) | ||||||||||||||
Ordinary profit from continuing operations |
607 | 697 | 642 | 800 | 704 | 813 | 719 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Ordinary consolidated profit |
607 | 697 | 642 | 800 | 704 | 813 | 719 | |||||||||||||||||||||
Minority interests |
163 | 176 | 163 | 144 | 107 | 143 | 132 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
443 | 520 | 479 | 655 | 598 | 670 | 587 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
97
Retail Banking Latin America
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
9,168 | 8,642 | 526 | 6.1 | ||||||||||||
Net fees |
2,930 | 2,643 | 287 | 10.8 | ||||||||||||
Gains (losses) on financial transactions |
373 | 155 | 217 | 139.8 | ||||||||||||
Other operating income * |
60 | 60 | 0 | 0.1 | ||||||||||||
Gross income |
12,530 | 11,500 | 1,030 | 9.0 | ||||||||||||
Operating expenses |
(5,476 | ) | (5,055 | ) | (422 | ) | 8.3 | |||||||||
General administrative expenses |
(4,998 | ) | (4,589 | ) | (409 | ) | 8.9 | |||||||||
Personnel |
(2,682 | ) | (2,403 | ) | (279 | ) | 11.6 | |||||||||
Other general administrative expenses |
(2,315 | ) | (2,186 | ) | (130 | ) | 5.9 | |||||||||
Depreciation and amortisation |
(479 | ) | (466 | ) | (12 | ) | 2.7 | |||||||||
Net operating income |
7,054 | 6,445 | 609 | 9.4 | ||||||||||||
Net loan-loss provisions |
(3,379 | ) | (3,503 | ) | 124 | (3.5 | ) | |||||||||
Other income |
(754 | ) | (514 | ) | (240 | ) | 46.6 | |||||||||
Ordinary profit before taxes |
2,921 | 2,428 | 493 | 20.3 | ||||||||||||
Tax on profit |
(684 | ) | (536 | ) | (148 | ) | 27.5 | |||||||||
Ordinary profit from continuing operations |
2,237 | 1,892 | 345 | 18.3 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Ordinary consolidated profit |
2,237 | 1,892 | 345 | 18.3 | ||||||||||||
Minority interests |
382 | 484 | (103 | ) | (21.2 | ) | ||||||||||
Ordinary attributable profit to the Group |
1,855 | 1,407 | 448 | 31.8 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
NOTE: In 9M15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
98
Retail Banking Latin America
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
2,891 | 2,887 | 2,863 | 2,985 | 2,923 | 3,078 | 3,167 | |||||||||||||||||||||
Net fees |
854 | 871 | 918 | 995 | 939 | 966 | 1,025 | |||||||||||||||||||||
Gains (losses) on financial transactions |
31 | 10 | 114 | 25 | 53 | 145 | 174 | |||||||||||||||||||||
Other operating income * |
0 | 39 | 20 | 16 | 2 | 27 | 31 | |||||||||||||||||||||
Gross income |
3,777 | 3,808 | 3,915 | 4,021 | 3,917 | 4,217 | 4,397 | |||||||||||||||||||||
Operating expenses |
(1,648 | ) | (1,662 | ) | (1,745 | ) | (1,815 | ) | (1,773 | ) | (1,814 | ) | (1,889 | ) | ||||||||||||||
General administrative expenses |
(1,484 | ) | (1,521 | ) | (1,583 | ) | (1,659 | ) | (1,616 | ) | (1,650 | ) | (1,731 | ) | ||||||||||||||
Personnel |
(773 | ) | (802 | ) | (828 | ) | (866 | ) | (852 | ) | (894 | ) | (936 | ) | ||||||||||||||
Other general administrative expenses |
(711 | ) | (719 | ) | (755 | ) | (794 | ) | (764 | ) | (756 | ) | (795 | ) | ||||||||||||||
Depreciation and amortisation |
(164 | ) | (141 | ) | (162 | ) | (155 | ) | (157 | ) | (164 | ) | (158 | ) | ||||||||||||||
Net operating income |
2,129 | 2,147 | 2,170 | 2,206 | 2,144 | 2,402 | 2,507 | |||||||||||||||||||||
Net loan-loss provisions |
(1,178 | ) | (1,117 | ) | (1,208 | ) | (1,071 | ) | (1,010 | ) | (1,070 | ) | (1,298 | ) | ||||||||||||||
Other income |
(153 | ) | (161 | ) | (200 | ) | (249 | ) | (204 | ) | (266 | ) | (284 | ) | ||||||||||||||
Ordinary profit before taxes |
798 | 868 | 762 | 887 | 930 | 1,067 | 925 | |||||||||||||||||||||
Tax on profit |
(195 | ) | (192 | ) | (149 | ) | (102 | ) | (261 | ) | (275 | ) | (148 | ) | ||||||||||||||
Ordinary profit from continuing operations |
603 | 676 | 613 | 785 | 668 | 791 | 777 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Ordinary consolidated profit |
603 | 676 | 613 | 785 | 668 | 791 | 777 | |||||||||||||||||||||
Minority interests |
162 | 169 | 153 | 146 | 103 | 139 | 141 | |||||||||||||||||||||
Ordinary attributable profit to the Group |
441 | 507 | 459 | 639 | 566 | 653 | 637 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
NOTE: In 2Q15 not including attributable profit of EUR 835 million due to the net result of the reversal of tax liabilities in Brazil
99
Retail Banking USA
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
4,482 | 3,471 | 1,011 | 29.1 | ||||||||||||
Net fees |
727 | 546 | 181 | 33.2 | ||||||||||||
Gains (losses) on financial transactions |
142 | 100 | 42 | 42.3 | ||||||||||||
Other operating income * |
265 | 91 | 174 | 192.2 | ||||||||||||
Gross income |
5,616 | 4,207 | 1,409 | 33.5 | ||||||||||||
Operating expenses |
(2,055 | ) | (1,509 | ) | (545 | ) | 36.1 | |||||||||
General administrative expenses |
(1,866 | ) | (1,364 | ) | (502 | ) | 36.8 | |||||||||
Personnel |
(1,036 | ) | (753 | ) | (283 | ) | 37.6 | |||||||||
Other general administrative expenses |
(830 | ) | (611 | ) | (219 | ) | 35.8 | |||||||||
Depreciation and amortisation |
(188 | ) | (145 | ) | (43 | ) | 29.8 | |||||||||
Net operating income |
3,562 | 2,698 | 864 | 32.0 | ||||||||||||
Net loan-loss provisions |
(2,138 | ) | (1,608 | ) | (530 | ) | 33.0 | |||||||||
Other income |
(102 | ) | (19 | ) | (83 | ) | 432.3 | |||||||||
Profit before taxes |
1,321 | 1,071 | 250 | 23.4 | ||||||||||||
Tax on profit |
(441 | ) | (324 | ) | (116 | ) | 35.8 | |||||||||
Profit from continuing operations |
881 | 747 | 134 | 17.9 | ||||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
881 | 747 | 134 | 17.9 | ||||||||||||
Minority interests |
278 | 159 | 119 | 75.0 | ||||||||||||
Attributable profit to the Group |
603 | 588 | 15 | 2.5 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
100
Retail Banking USA
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,117 | 1,156 | 1,198 | 1,232 | 1,438 | 1,523 | 1,521 | |||||||||||||||||||||
Net fees |
173 | 186 | 187 | 191 | 240 | 241 | 245 | |||||||||||||||||||||
Gains (losses) on financial transactions |
27 | 16 | 58 | 56 | 34 | 94 | 14 | |||||||||||||||||||||
Other operating income * |
16 | 34 | 40 | 66 | 93 | 77 | 95 | |||||||||||||||||||||
Gross income |
1,333 | 1,392 | 1,482 | 1,545 | 1,806 | 1,935 | 1,876 | |||||||||||||||||||||
Operating expenses |
(491 | ) | (488 | ) | (530 | ) | (579 | ) | (653 | ) | (676 | ) | (725 | ) | ||||||||||||||
General administrative expenses |
(437 | ) | (449 | ) | (479 | ) | (527 | ) | (594 | ) | (611 | ) | (661 | ) | ||||||||||||||
Personnel |
(239 | ) | (251 | ) | (263 | ) | (294 | ) | (337 | ) | (343 | ) | (356 | ) | ||||||||||||||
Other general administrative expenses |
(198 | ) | (198 | ) | (216 | ) | (234 | ) | (257 | ) | (268 | ) | (305 | ) | ||||||||||||||
Depreciation and amortisation |
(54 | ) | (40 | ) | (51 | ) | (52 | ) | (59 | ) | (64 | ) | (64 | ) | ||||||||||||||
Net operating income |
842 | 903 | 953 | 966 | 1,152 | 1,259 | 1,151 | |||||||||||||||||||||
Net loan-loss provisions |
(550 | ) | (473 | ) | (584 | ) | (579 | ) | (639 | ) | (752 | ) | (747 | ) | ||||||||||||||
Other income |
(3 | ) | (3 | ) | (14 | ) | 32 | (18 | ) | (42 | ) | (42 | ) | |||||||||||||||
Profit before taxes |
290 | 427 | 354 | 419 | 495 | 465 | 361 | |||||||||||||||||||||
Tax on profit |
(89 | ) | (143 | ) | (93 | ) | (114 | ) | (157 | ) | (159 | ) | (125 | ) | ||||||||||||||
Profit from continuing operations |
201 | 284 | 261 | 305 | 338 | 306 | 237 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
201 | 284 | 261 | 305 | 338 | 306 | 237 | |||||||||||||||||||||
Minority interests |
44 | 65 | 49 | 61 | 100 | 100 | 78 | |||||||||||||||||||||
Attributable profit to the Group |
157 | 218 | 212 | 244 | 239 | 205 | 159 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
101
Retail Banking USA
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
4,482 | 4,222 | 260 | 6.2 | ||||||||||||
Net fees |
727 | 664 | 63 | 9.5 | ||||||||||||
Gains (losses) on financial transactions |
142 | 122 | 21 | 17.0 | ||||||||||||
Other operating income * |
265 | 110 | 155 | 140.2 | ||||||||||||
Gross income |
5,616 | 5,118 | 499 | 9.7 | ||||||||||||
Operating expenses |
(2,055 | ) | (1,836 | ) | (219 | ) | 11.9 | |||||||||
General administrative expenses |
(1,866 | ) | (1,659 | ) | (207 | ) | 12.5 | |||||||||
Personnel |
(1,036 | ) | (916 | ) | (120 | ) | 13.1 | |||||||||
Other general administrative expenses |
(830 | ) | (743 | ) | (87 | ) | 11.7 | |||||||||
Depreciation and amortisation |
(188 | ) | (176 | ) | (12 | ) | 6.7 | |||||||||
Net operating income |
3,562 | 3,282 | 280 | 8.5 | ||||||||||||
Net loan-loss provisions |
(2,138 | ) | (1,956 | ) | (182 | ) | 9.3 | |||||||||
Other income |
(102 | ) | (23 | ) | (79 | ) | 337.6 | |||||||||
Profit before taxes |
1,321 | 1,303 | 18 | 1.4 | ||||||||||||
Tax on profit |
(441 | ) | (395 | ) | (46 | ) | 11.6 | |||||||||
Profit from continuing operations |
881 | 908 | (28 | ) | (3.0 | ) | ||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
881 | 908 | (28 | ) | (3.0 | ) | ||||||||||
Minority interests |
278 | 193 | 85 | 43.9 | ||||||||||||
Attributable profit to the Group |
603 | 715 | (112 | ) | (15.7 | ) |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
102
Retail Banking USA
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,374 | 1,424 | 1,424 | 1,379 | 1,453 | 1,511 | 1,519 | |||||||||||||||||||||
Net fees |
213 | 229 | 222 | 214 | 243 | 239 | 245 | |||||||||||||||||||||
Gains (losses) on financial transactions |
33 | 19 | 70 | 64 | 35 | 93 | 14 | |||||||||||||||||||||
Other operating income * |
20 | 42 | 48 | 77 | 94 | 76 | 95 | |||||||||||||||||||||
Gross income |
1,640 | 1,714 | 1,764 | 1,734 | 1,824 | 1,920 | 1,873 | |||||||||||||||||||||
Operating expenses |
(604 | ) | (601 | ) | (631 | ) | (651 | ) | (660 | ) | (670 | ) | (724 | ) | ||||||||||||||
General administrative expenses |
(537 | ) | (552 | ) | (570 | ) | (593 | ) | (600 | ) | (606 | ) | (660 | ) | ||||||||||||||
Personnel |
(294 | ) | (309 | ) | (313 | ) | (330 | ) | (341 | ) | (340 | ) | (355 | ) | ||||||||||||||
Other general administrative expenses |
(243 | ) | (243 | ) | (257 | ) | (263 | ) | (259 | ) | (266 | ) | (304 | ) | ||||||||||||||
Depreciation and amortisation |
(67 | ) | (49 | ) | (61 | ) | (58 | ) | (60 | ) | (64 | ) | (64 | ) | ||||||||||||||
Net operating income |
1,036 | 1,112 | 1,134 | 1,083 | 1,164 | 1,249 | 1,149 | |||||||||||||||||||||
Net loan-loss provisions |
(676 | ) | (583 | ) | (696 | ) | (649 | ) | (645 | ) | (747 | ) | (746 | ) | ||||||||||||||
Other income |
(3 | ) | (3 | ) | (17 | ) | 39 | (19 | ) | (41 | ) | (42 | ) | |||||||||||||||
Profit before taxes |
357 | 526 | 420 | 472 | 500 | 461 | 360 | |||||||||||||||||||||
Tax on profit |
(109 | ) | (176 | ) | (109 | ) | (128 | ) | (158 | ) | (158 | ) | (124 | ) | ||||||||||||||
Profit from continuing operations |
248 | 350 | 311 | 344 | 342 | 303 | 236 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
248 | 350 | 311 | 344 | 342 | 303 | 236 | |||||||||||||||||||||
Minority interests |
54 | 81 | 58 | 68 | 101 | 100 | 78 | |||||||||||||||||||||
Attributable profit to the Group |
194 | 269 | 253 | 276 | 241 | 203 | 159 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
103
Retail Banking USA
US$ million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
4,991 | 4,701 | 290 | 6.2 | ||||||||||||
Net fees |
809 | 739 | 70 | 9.5 | ||||||||||||
Gains (losses) on financial transactions |
159 | 136 | 23 | 17.0 | ||||||||||||
Other operating income * |
295 | 123 | 172 | 140.2 | ||||||||||||
Gross income |
6,254 | 5,698 | 555 | 9.7 | ||||||||||||
Operating expenses |
(2,288 | ) | (2,044 | ) | (244 | ) | 11.9 | |||||||||
General administrative expenses |
(2,078 | ) | (1,848 | ) | (231 | ) | 12.5 | |||||||||
Personnel |
(1,154 | ) | (1,020 | ) | (134 | ) | 13.1 | |||||||||
Other general administrative expenses |
(924 | ) | (828 | ) | (97 | ) | 11.7 | |||||||||
Depreciation and amortisation |
(209 | ) | (196 | ) | (13 | ) | 6.7 | |||||||||
Net operating income |
3,966 | 3,654 | 312 | 8.5 | ||||||||||||
Net loan-loss provisions |
(2,381 | ) | (2,178 | ) | (203 | ) | 9.3 | |||||||||
Other income |
(114 | ) | (26 | ) | (88 | ) | 337.6 | |||||||||
Profit before taxes |
1,471 | 1,451 | 20 | 1.4 | ||||||||||||
Tax on profit |
(491 | ) | (439 | ) | (51 | ) | 11.6 | |||||||||
Profit from continuing operations |
981 | 1,011 | (31 | ) | (3.0 | ) | ||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
981 | 1,011 | (31 | ) | (3.0 | ) | ||||||||||
Minority interests |
309 | 215 | 94 | 43.9 | ||||||||||||
Attributable profit to the Group |
671 | 796 | (125 | ) | (15.7 | ) |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
104
Retail Banking USA
US$ million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
1,530 | 1,585 | 1,586 | 1,536 | 1,618 | 1,682 | 1,691 | |||||||||||||||||||||
Net fees |
237 | 255 | 247 | 238 | 270 | 266 | 273 | |||||||||||||||||||||
Gains (losses) on financial transactions |
37 | 21 | 78 | 71 | 39 | 104 | 16 | |||||||||||||||||||||
Other operating income * |
22 | 47 | 54 | 85 | 104 | 85 | 106 | |||||||||||||||||||||
Gross income |
1,826 | 1,908 | 1,964 | 1,931 | 2,031 | 2,137 | 2,085 | |||||||||||||||||||||
Operating expenses |
(672 | ) | (669 | ) | (702 | ) | (725 | ) | (735 | ) | (746 | ) | (806 | ) | ||||||||||||||
General administrative expenses |
(598 | ) | (615 | ) | (635 | ) | (661 | ) | (668 | ) | (675 | ) | (735 | ) | ||||||||||||||
Personnel |
(327 | ) | (344 | ) | (349 | ) | (368 | ) | (379 | ) | (379 | ) | (396 | ) | ||||||||||||||
Other general administrative expenses |
(271 | ) | (271 | ) | (286 | ) | (293 | ) | (289 | ) | (296 | ) | (339 | ) | ||||||||||||||
Depreciation and amortisation |
(74 | ) | (55 | ) | (68 | ) | (64 | ) | (67 | ) | (71 | ) | (71 | ) | ||||||||||||||
Net operating income |
1,154 | 1,239 | 1,262 | 1,205 | 1,296 | 1,391 | 1,279 | |||||||||||||||||||||
Net loan-loss provisions |
(753 | ) | (649 | ) | (775 | ) | (723 | ) | (719 | ) | (832 | ) | (831 | ) | ||||||||||||||
Other income |
(3 | ) | (4 | ) | (19 | ) | 43 | (21 | ) | (46 | ) | (47 | ) | |||||||||||||||
Profit before taxes |
397 | 586 | 468 | 526 | 557 | 513 | 401 | |||||||||||||||||||||
Tax on profit |
(121 | ) | (196 | ) | (122 | ) | (143 | ) | (176 | ) | (176 | ) | (138 | ) | ||||||||||||||
Profit from continuing operations |
276 | 389 | 346 | 383 | 380 | 337 | 263 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
276 | 389 | 346 | 383 | 380 | 337 | 263 | |||||||||||||||||||||
Minority interests |
60 | 90 | 65 | 76 | 112 | 111 | 86 | |||||||||||||||||||||
Attributable profit to the Group |
216 | 299 | 281 | 307 | 268 | 226 | 177 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
105
Global Corporate Banking
EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
2,178 | 1,812 | 365 | 20.1 | ||||||||||||
Net fees |
1,095 | 1,039 | 56 | 5.4 | ||||||||||||
Gains (losses) on financial transactions |
508 | 797 | (289 | ) | (36.2 | ) | ||||||||||
Other operating income * |
224 | 207 | 17 | 8.2 | ||||||||||||
Gross income |
4,005 | 3,855 | 150 | 3.9 | ||||||||||||
Operating expenses |
(1,553 | ) | (1,369 | ) | (183 | ) | 13.4 | |||||||||
General administrative expenses |
(1,425 | ) | (1,251 | ) | (174 | ) | 13.9 | |||||||||
Personnel |
(815 | ) | (741 | ) | (74 | ) | 10.0 | |||||||||
Other general administrative expenses |
(610 | ) | (510 | ) | (100 | ) | 19.5 | |||||||||
Depreciation and amortisation |
(128 | ) | (118 | ) | (10 | ) | 8.3 | |||||||||
Net operating income |
2,452 | 2,486 | (34 | ) | (1.4 | ) | ||||||||||
Net loan-loss provisions |
(449 | ) | (438 | ) | (11 | ) | 2.6 | |||||||||
Other income |
(46 | ) | (37 | ) | (9 | ) | 24.6 | |||||||||
Profit before taxes |
1,957 | 2,011 | (54 | ) | (2.7 | ) | ||||||||||
Tax on profit |
(555 | ) | (560 | ) | 4 | (0.8 | ) | |||||||||
Profit from continuing operations |
1,402 | 1,452 | (50 | ) | (3.4 | ) | ||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,402 | 1,452 | (50 | ) | (3.4 | ) | ||||||||||
Minority interests |
98 | 117 | (19 | ) | (16.6 | ) | ||||||||||
Attributable profit to the Group |
1,304 | 1,335 | (30 | ) | (2.3 | ) |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
106
Global Corporate Banking
EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
566 | 646 | 600 | 669 | 737 | 741 | 699 | |||||||||||||||||||||
Net fees |
336 | 365 | 338 | 354 | 352 | 402 | 341 | |||||||||||||||||||||
Gains (losses) on financial transactions |
348 | 173 | 276 | (50 | ) | 286 | 58 | 164 | ||||||||||||||||||||
Other operating income * |
32 | 133 | 42 | 95 | 22 | 153 | 49 | |||||||||||||||||||||
Gross income |
1,281 | 1,317 | 1,257 | 1,068 | 1,398 | 1,355 | 1,253 | |||||||||||||||||||||
Operating expenses |
(444 | ) | (454 | ) | (471 | ) | (471 | ) | (510 | ) | (522 | ) | (520 | ) | ||||||||||||||
General administrative expenses |
(406 | ) | (414 | ) | (431 | ) | (431 | ) | (466 | ) | (479 | ) | (479 | ) | ||||||||||||||
Personnel |
(241 | ) | (243 | ) | (257 | ) | (248 | ) | (266 | ) | (283 | ) | (267 | ) | ||||||||||||||
Other general administrative expenses |
(165 | ) | (171 | ) | (174 | ) | (183 | ) | (201 | ) | (197 | ) | (213 | ) | ||||||||||||||
Depreciation and amortisation |
(38 | ) | (39 | ) | (41 | ) | (40 | ) | (44 | ) | (43 | ) | (41 | ) | ||||||||||||||
Net operating income |
837 | 864 | 785 | 596 | 888 | 832 | 732 | |||||||||||||||||||||
Net loan-loss provisions |
(107 | ) | (197 | ) | (133 | ) | (105 | ) | (198 | ) | (144 | ) | (107 | ) | ||||||||||||||
Other income |
(19 | ) | (19 | ) | 1 | (65 | ) | 4 | (23 | ) | (28 | ) | ||||||||||||||||
Profit before taxes |
710 | 647 | 653 | 426 | 694 | 665 | 598 | |||||||||||||||||||||
Tax on profit |
(199 | ) | (174 | ) | (187 | ) | (107 | ) | (198 | ) | (181 | ) | (176 | ) | ||||||||||||||
Profit from continuing operations |
512 | 473 | 467 | 319 | 496 | 484 | 421 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
512 | 473 | 467 | 319 | 496 | 484 | 421 | |||||||||||||||||||||
Minority interests |
36 | 39 | 42 | 29 | 39 | 33 | 25 | |||||||||||||||||||||
Attributable profit to the Group |
476 | 433 | 425 | 291 | 457 | 451 | 396 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
107
Global Corporate Banking
Constant EUR million
Variation | ||||||||||||||||
9M 15 | 9M 14 | Amount | % | |||||||||||||
Income statement |
||||||||||||||||
Net interest income |
2,178 | 1,797 | 381 | 21.2 | ||||||||||||
Net fees |
1,095 | 1,049 | 46 | 4.4 | ||||||||||||
Gains (losses) on financial transactions |
508 | 823 | (315 | ) | (38.2 | ) | ||||||||||
Other operating income * |
224 | 207 | 17 | 8.2 | ||||||||||||
Gross income |
4,005 | 3,876 | 129 | 3.3 | ||||||||||||
Operating expenses |
(1,553 | ) | (1,408 | ) | (144 | ) | 10.3 | |||||||||
General administrative expenses |
(1,425 | ) | (1,292 | ) | (133 | ) | 10.3 | |||||||||
Personnel |
(815 | ) | (766 | ) | (49 | ) | 6.4 | |||||||||
Other general administrative expenses |
(610 | ) | (526 | ) | (84 | ) | 15.9 | |||||||||
Depreciation and amortisation |
(128 | ) | (116 | ) | (11 | ) | 9.8 | |||||||||
Net operating income |
2,452 | 2,468 | (16 | ) | (0.6 | ) | ||||||||||
Net loan-loss provisions |
(449 | ) | (442 | ) | (7 | ) | 1.6 | |||||||||
Other income |
(46 | ) | (37 | ) | (9 | ) | 24.8 | |||||||||
Profit before taxes |
1,957 | 1,989 | (32 | ) | (1.6 | ) | ||||||||||
Tax on profit |
(555 | ) | (550 | ) | (5 | ) | 0.9 | |||||||||
Profit from continuing operations |
1,402 | 1,438 | (37 | ) | (2.5 | ) | ||||||||||
Net profit from discontinued operations |
| | | | ||||||||||||
Consolidated profit |
1,402 | 1,438 | (37 | ) | (2.5 | ) | ||||||||||
Minority interests |
98 | 114 | (16 | ) | (14.1 | ) | ||||||||||
Attributable profit to the Group |
1,304 | 1,325 | (21 | ) | (1.6 | ) |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
108
Global Corporate Banking
Constant EUR million
1Q 14 | 2Q 14 | 3Q 14 | 4Q 14 | 1Q 15 | 2Q 15 | 3Q 15 | ||||||||||||||||||||||
Income statement |
||||||||||||||||||||||||||||
Net interest income |
568 | 638 | 591 | 661 | 711 | 730 | 737 | |||||||||||||||||||||
Net fees |
344 | 368 | 337 | 357 | 345 | 397 | 353 | |||||||||||||||||||||
Gains (losses) on financial transactions |
358 | 187 | 278 | (39 | ) | 283 | 59 | 167 | ||||||||||||||||||||
Other operating income * |
33 | 132 | 42 | 95 | 22 | 153 | 49 | |||||||||||||||||||||
Gross income |
1,303 | 1,326 | 1,247 | 1,073 | 1,361 | 1,338 | 1,305 | |||||||||||||||||||||
Operating expenses |
(462 | ) | (467 | ) | (480 | ) | (479 | ) | (504 | ) | (517 | ) | (532 | ) | ||||||||||||||
General administrative expenses |
(424 | ) | (428 | ) | (440 | ) | (439 | ) | (461 | ) | (474 | ) | (490 | ) | ||||||||||||||
Personnel |
(253 | ) | (252 | ) | (262 | ) | (254 | ) | (262 | ) | (279 | ) | (274 | ) | ||||||||||||||
Other general administrative expenses |
(172 | ) | (176 | ) | (178 | ) | (186 | ) | (199 | ) | (195 | ) | (216 | ) | ||||||||||||||
Depreciation and amortisation |
(38 | ) | (39 | ) | (40 | ) | (40 | ) | (43 | ) | (43 | ) | (42 | ) | ||||||||||||||
Net operating income |
841 | 859 | 768 | 594 | 857 | 821 | 774 | |||||||||||||||||||||
Net loan-loss provisions |
(107 | ) | (199 | ) | (136 | ) | (92 | ) | (189 | ) | (141 | ) | (120 | ) | ||||||||||||||
Other income |
(20 | ) | (19 | ) | 2 | (66 | ) | 3 | (23 | ) | (27 | ) | ||||||||||||||||
Profit before taxes |
714 | 641 | 634 | 436 | 672 | 658 | 627 | |||||||||||||||||||||
Tax on profit |
(198 | ) | (172 | ) | (180 | ) | (109 | ) | (191 | ) | (179 | ) | (185 | ) | ||||||||||||||
Profit from continuing operations |
516 | 469 | 453 | 327 | 481 | 479 | 442 | |||||||||||||||||||||
Net profit from discontinued operations |
| | | | | | | |||||||||||||||||||||
Consolidated profit |
516 | 469 | 453 | 327 | 481 | 479 | 442 | |||||||||||||||||||||
Minority interests |
36 | 38 | 40 | 28 | 37 | 32 | 28 | |||||||||||||||||||||
Attributable profit to the Group |
480 | 430 | 414 | 298 | 444 | 446 | 414 |
(*).- | Including dividends, income from equity-accounted method and other operating income/expenses |
109
NPL ratio
%
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Continental Europe |
9.08 | 9.00 | 8.92 | 8.88 | 8.52 | 8.15 | 7.89 | |||||||||||||||||||||
Spain |
7.61 | 7.59 | 7.57 | 7.38 | 7.25 | 6.91 | 6.61 | |||||||||||||||||||||
Santander Consumer Finance |
4.14 | 4.07 | 3.97 | 4.82 | 4.52 | 4.25 | 4.15 | |||||||||||||||||||||
Poland |
7.35 | 7.42 | 7.43 | 7.42 | 7.33 | 7.07 | 7.14 | |||||||||||||||||||||
Portugal |
8.26 | 8.16 | 8.49 | 8.89 | 8.96 | 8.80 | 8.86 | |||||||||||||||||||||
United Kingdom |
1.88 | 1.91 | 1.80 | 1.79 | 1.75 | 1.61 | 1.51 | |||||||||||||||||||||
Latin America |
5.19 | 5.18 | 5.13 | 4.79 | 4.64 | 4.74 | 4.65 | |||||||||||||||||||||
Brazil |
5.74 | 5.78 | 5.64 | 5.05 | 4.90 | 5.13 | 5.30 | |||||||||||||||||||||
Mexico |
3.62 | 3.52 | 3.74 | 3.84 | 3.71 | 3.81 | 3.54 | |||||||||||||||||||||
Chile |
5.99 | 5.94 | 5.98 | 5.97 | 5.88 | 5.73 | 5.60 | |||||||||||||||||||||
USA |
2.78 | 2.79 | 2.57 | 2.42 | 2.20 | 2.20 | 2.20 | |||||||||||||||||||||
Operating Areas |
5.54 | 5.46 | 5.29 | 5.19 | 4.87 | 4.68 | 4.52 | |||||||||||||||||||||
Total Group |
5.52 | 5.45 | 5.28 | 5.19 | 4.85 | 4.64 | 4.50 |
110
Coverage ratio
%
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Continental Europe |
58.0 | 58.4 | 58.1 | 57.2 | 58.6 | 58.9 | 60.4 | |||||||||||||||||||||
Spain |
44.6 | 44.9 | 45.5 | 45.5 | 46.6 | 46.8 | 47.8 | |||||||||||||||||||||
Santander Consumer Finance |
105.1 | 105.2 | 106.4 | 100.1 | 103.6 | 104.9 | 107.2 | |||||||||||||||||||||
Poland |
64.6 | 65.3 | 65.8 | 60.3 | 61.6 | 63.5 | 63.1 | |||||||||||||||||||||
Portugal |
50.6 | 53.1 | 53.9 | 51.8 | 52.4 | 54.2 | 56.2 | |||||||||||||||||||||
United Kingdom |
42.9 | 41.1 | 43.4 | 41.9 | 41.2 | 40.3 | 39.6 | |||||||||||||||||||||
Latin America |
85.9 | 86.0 | 83.4 | 84.5 | 83.6 | 84.4 | 85.4 | |||||||||||||||||||||
Brazil |
95.2 | 94.8 | 91.4 | 95.4 | 95.2 | 95.9 | 96.0 | |||||||||||||||||||||
Mexico |
98.6 | 96.6 | 90.1 | 86.1 | 88.4 | 87.5 | 93.0 | |||||||||||||||||||||
Chile |
50.7 | 51.7 | 52.3 | 52.4 | 52.0 | 51.6 | 52.8 | |||||||||||||||||||||
USA |
163.2 | 165.6 | 183.7 | 193.6 | 211.5 | 224.2 | 218.3 | |||||||||||||||||||||
Operating Areas |
66.0 | 66.4 | 67.0 | 66.6 | 68.3 | 69.4 | 70.5 | |||||||||||||||||||||
Total Group |
66.3 | 66.8 | 67.5 | 67.2 | 68.9 | 70.1 | 71.1 |
111
Cost of credit
%
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Continental Europe |
1.20 | 1.14 | 1.07 | 1.01 | 0.95 | 0.86 | 0.77 | |||||||||||||||||||||
Spain |
1.37 | 1.31 | 1.21 | 1.06 | 0.97 | 0.84 | 0.71 | |||||||||||||||||||||
Santander Consumer Finance |
0.89 | 0.87 | 0.85 | 0.90 | 0.93 | 0.91 | 0.87 | |||||||||||||||||||||
Poland |
0.98 | 0.92 | 0.95 | 1.04 | 1.00 | 1.00 | 0.96 | |||||||||||||||||||||
Portugal |
0.63 | 0.55 | 0.47 | 0.50 | 0.45 | 0.38 | 0.35 | |||||||||||||||||||||
United Kingdom |
0.23 | 0.22 | 0.19 | 0.14 | 0.11 | 0.08 | 0.04 | |||||||||||||||||||||
Latin America |
4.36 | 4.06 | 3.88 | 3.70 | 3.53 | 3.39 | 3.33 | |||||||||||||||||||||
Brazil |
5.82 | 5.38 | 5.14 | 4.91 | 4.63 | 4.45 | 4.40 | |||||||||||||||||||||
Mexico |
3.59 | 3.58 | 3.26 | 2.98 | 2.92 | 2.89 | 2.87 | |||||||||||||||||||||
Chile |
1.82 | 1.76 | 1.71 | 1.75 | 1.74 | 1.68 | 1.68 | |||||||||||||||||||||
USA |
2.82 | 3.03 | 3.27 | 3.31 | 3.25 | 3.39 | 3.36 | |||||||||||||||||||||
Operating Areas |
1.61 | 1.55 | 1.50 | 1.44 | 1.38 | 1.33 | 1.27 | |||||||||||||||||||||
Total Group |
1.65 | 1.56 | 1.52 | 1.43 | 1.38 | 1.32 | 1.26 |
112
Risk-weighted assets
EUR million
31.03.14 | 30.06.14 | 30.09.14 | 31.12.14 | 31.03.15 | 30.06.15 | 30.09.15 | ||||||||||||||||||||||
Continental Europe |
217,140 | 214,372 | 215,265 | 216,260 | 226,348 | 222,524 | 215,770 | |||||||||||||||||||||
Spain |
109,615 | 107,870 | 108,770 | 111,627 | 111,376 | 106,999 | 103,608 | |||||||||||||||||||||
Santander Consumer Finance |
49,191 | 49,420 | 49,908 | 47,259 | 55,711 | 54,895 | 54,890 | |||||||||||||||||||||
Poland |
16,131 | 16,285 | 16,575 | 16,813 | 17,329 | 16,800 | 16,876 | |||||||||||||||||||||
Portugal |
16,646 | 16,776 | 16,266 | 16,121 | 15,804 | 16,001 | 15,988 | |||||||||||||||||||||
Spains real estate activity |
14,889 | 14,652 | 13,539 | 14,805 | 14,892 | 16,558 | 16,576 | |||||||||||||||||||||
United Kingdom |
95,469 | 99,475 | 103,264 | 103,470 | 114,165 | 121,925 | 118,058 | |||||||||||||||||||||
Latin America |
140,226 | 149,170 | 152,045 | 171,372 | 174,954 | 169,250 | 152,805 | |||||||||||||||||||||
Brazil |
80,300 | 86,235 | 84,846 | 101,742 | 96,648 | 93,986 | 81,502 | |||||||||||||||||||||
Mexico |
23,666 | 25,841 | 27,742 | 26,222 | 29,254 | 28,727 | 26,834 | |||||||||||||||||||||
Chile |
25,158 | 26,013 | 27,220 | 29,102 | 32,252 | 30,258 | 28,236 | |||||||||||||||||||||
USA |
60,980 | 64,427 | 70,787 | 76,851 | 88,309 | 82,555 | 82,810 | |||||||||||||||||||||
Operating Areas |
513,815 | 527,444 | 541,361 | 567,953 | 603,776 | 596,254 | 569,443 | |||||||||||||||||||||
Corporate Centre |
26,019 | 31,449 | 20,093 | 17,200 | 14,175 | 13,230 | 16,373 | |||||||||||||||||||||
Total Group |
539,834 | 558,893 | 561,454 | 585,153 | 617,951 | 609,484 | 585,816 |
113
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Banco Santander, S.A. | ||||||
Date: November 12, 2015 | By: | /s/ José García Cantera | ||||
Name: José García Cantera | ||||||
Title: Chief Financial Officer |