Index
FINANCIAL INFORMATION
January-June 2021
Group
Primary segments
Secondary segments
Other information
Index_Group
G R O U P
Key consolidated data
Income statement EUR Quarterly
Income statement CONSTANT EUR Quarterly
Exchange rate
Net fees
Operating expenses
Net loan loss provisions
Balance sheet Quarterly
Customer loans Quarterly
Risks Quarterly
Customer funds Quarterly
Total equity
/xl/drawings/drawing2.xml#Index!A1
Key_data
Key consolidated data
Change
H1'21 H1'20 Absolute % 2020
Balance sheet (EUR million)
Total assets 1,568,636 1,572,881 (4,245) (0.3) 1,508,250
Loans and advances to customers 954,518 934,796 19,722 2.1 916,199
Customer deposits 894,127 846,832 47,295 5.6 849,310
Total funds 1,121,969 1,039,996 81,973 7.9 1,056,127
Total equity 95,745 91,859 3,886 4.2 91,322
Note: Total funds includes customer deposits, mutual funds, pension funds and managed portfolios
Income statement (EUR million)
Net interest income 16,196 16,202 (6) (0.0) 31,994
Total income 22,695 22,268 427 1.9 44,279
Net operating income 12,318 11,561 757 6.5 23,149
Profit before tax 6,914 (6,410) 13,324 - (2,076)
Attributable profit to the parent 3,675 (10,798) 14,473 - (8,771)
Change in constant euros
Net interest income: +7.6%; Total income: +9.8%; Net operating income: +16.7%; Profit before taxes: 0.0%; Attributable profit: n.a.
EPS, profitability and efficiency (%)
EPS (euro) * 0.197 (0.639) 0.836 - (0.538)
RoE 9.53 (9.28) (9.80)
RoTE 11.82 1.73 1.95
RoA 0.61 (0.51) (0.50)
RoRWA 1.66 (1.34) (1.33)
Efficiency ratio 45.7 47.3 47.0
Underlying income statement ** (EUR million)
Net interest income 16,196 16,202 (6) (0.0) 31,994
Total income 22,695 22,518 177 0.8 44,600
Net operating income 12,318 11,865 453 3.8 23,633
Profit before tax 7,628 3,841 3,787 98.6 9,674
Attributable profit to the parent 4,205 1,908 2,297 120.4 5,081
Change in constant euros
Net interest income: +7.6%; Total income: +8.4%; Net operating income: +13.4%; Profit before taxes: +122.9%; Attributable profit: +152.8%
EPS and profitability ** (%)
Underlying EPS (euro) * 0.227 0.094 0.133 141.5 0.262
Underlying RoE 10.17 3.98 5.68
Underlying RoTE 12.62 5.44 7.44
Underlying RoA 0.65 0.31 0.40
Underlying RoRWA 1.75 0.80 1.06
Solvency ***
CET1 phased-in 12.11 11.84 12.34
Phased-in Total capital ratio 15.82 15.48 16.18
Credit quality
Cost of credit **** 0.94 1.26 1.28
NPL ratio 3.22 3.26 3.21
Coverage ratio 72.9 72.1 76.4
Market capitalisation and shares
Shares (millions) 17,341 16,618 723 4.3 17,341
Share price (euros) * 3.220 2.084 1.136 54.5 2.538
Market capitalisation (EUR million) 55,828 36,136 19,692 54.5 44,011
Tangible book value per share (euro) * 3.98 3.83 3.79
Price / Tangible book value per share (X) * 0.81 0.54 0.67
Customers (thousands)
Total customers 150,447 146,010 4,437 3.0 148,256
Loyal customers 24,169 21,507 2,662 12.4 22,838
Loyal retail customers 22,100 19,703 2,398 12.2 20,901
Loyal SME & corporate customers 2,069 1,804 264 14.6 1,938
Digital customers 45,352 39,915 5,436 13.6 42,362
Digital sales / Total sales (%) 52 44 44
Other data
Number of shareholders 3,879,232 4,080,201 (200,969) (4.9) 4,018,817
Number of employees 190,751 194,284 (3,533) (1.8) 191,189
Number of branches 10,073 11,847 (1,774) (15.0) 11,236
(*).- Data adjusted for the capital increase in December 2020.
(**).- In this document we present the figures related to "underlying" results, which exclude items outside the ordinary course performance of our business, as they are recorded in the separate line of "Net capital gains and provisions", above the line of "Attributable profit to the parent".
(***).- The phased-in ratio includes the transitory treatment of IFRS 9, calculated in accordance with article 473 bis of the Regulation on Capital Requirements (CRR) and subsequent amendments introduced by Regulation 2020/873 of the European Union. Additionally, the total phased-in capital ratio includes the transitory treatment according to chapter 2, title 1, part 10 of the aforementioned CRR.
(****).- Allowances for loan-loss provisions over the last 12 months / Average loans and advances to customers over the last 12 months
Note: The financial information in this report was approved by the Board of Directors, following a favourable report from the Audit Committee.
Inc_Statement_EUR
Underlying income statement
EUR million
Change
H1'21 H1'20 Absolute %
Net interest income 16,196 16,202 (6) (0.0)
Net fee income 5,169 5,136 33 0.6
Gains (losses) on financial transactions * 894 1,073 (179) (16.7)
Other operating income 436 107 329 307.5
Total income 22,695 22,518 177 0.8
Administrative expenses and amortisations (10,377) (10,653) 276 (2.6)
Net operating income 12,318 11,865 453 3.8
Net loan-loss provisions (3,753) (7,027) 3,274 (46.6)
Other gains (losses) and provisions (937) (997) 60 (6.0)
Profit before tax 7,628 3,841 3,787 98.6
Tax on profit (2,658) (1,468) (1,190) 81.1
Profit from continuing operations 4,970 2,373 2,597 109.4
Net profit from discontinued operations - - - -
Consolidated profit 4,970 2,373 2,597 109.4
Non-controlling interests (765) (465) (300) 64.5
Underlying attributable profit to the parent 4,205 1,908 2,297 120.4
Net capital gains and provisions ** (530) (12,706) 12,176 (95.8)
Attributable profit to the parent 3,675 (10,798) 14,473 -
Underlying EPS (euros) *** 0.227 0.094 0.133 141.5
Underlying diluted EPS (euros) *** 0.227 0.094 0.133 140.8
EPS (euros) *** 0.197 (0.639) 0.836 -
Diluted EPS (euros) *** 0.196 (0.639) 0.836 -
Memorandum items:
Average total assets 1,539,167 1,548,851 (9,684) (0.6)
Average stockholders' equity 82,669 95,803 (13,134) (13.7)
(*).- Includes exchange differences.
(**).- In H1'21, restructuring costs of -EUR 530 million. In H1'20, adjustment to the valuation of goodwill of EUR -10,100 million, adjustment to deferred tax assets of the Spanish consolidated fiscal group of EUR -2,500 million and restructuring costs and other for a net impact of EUR -106 million.
Quarterly underlying income statement
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Net interest income 8,487 7,715 7,773 8,019 7,956 8,240
Net fee income 2,853 2,283 2,423 2,456 2,548 2,621
Gains (losses) on financial transactions * 292 781 652 462 651 243
Other operating income 182 (75) 239 58 235 201
Total income 11,814 10,704 11,087 10,995 11,390 11,305
Administrative expenses and amortisations (5,577) (5,076) (5,073) (5,241) (5,118) (5,259)
Net operating income 6,237 5,628 6,014 5,754 6,272 6,046
Net loan-loss provisions (3,909) (3,118) (2,535) (2,611) (1,992) (1,761)
Other gains (losses) and provisions (372) (625) (304) (485) (467) (470)
Profit before tax 1,956 1,885 3,175 2,658 3,813 3,815
Tax on profit (1,260) (208) (1,128) (920) (1,324) (1,334)
Profit from continuing operations 696 1,677 2,047 1,738 2,489 2,481
Net profit from discontinued operations - - - - - -
Consolidated profit 696 1,677 2,047 1,738 2,489 2,481
Non-controlling interests (319) (146) (297) (315) (351) (414)
Underlying attributable profit to the parent 377 1,531 1,750 1,423 2,138 2,067
Net capital gains and provisions ** (46) (12,660) - (1,146) (530) -
Attributable profit to the parent 331 (11,129) 1,750 277 1,608 2,067
Underlying EPS (euros) *** 0.014 0.080 0.093 0.074 0.116 0.112
Underlying diluted EPS (euros) *** 0.014 0.080 0.093 0.074 0.115 0.111
EPS (euros) *** 0.011 (0.651) 0.093 0.008 0.085 0.112
Diluted EPS (euros) *** 0.011 (0.650) 0.093 0.008 0.085 0.111
(*).- Includes exchange differences.
(**).- Including:
- In Q1'20, restructuring costs of -EUR 46 million.
- In Q2'20, adjustment to the valuation of goodwill of -EUR 10,100 million, adjustment has been made to deferred tax assets of the Spanish consolidated fiscal group of -EUR 2,500 million and restructuring costs and other for a net impact of -EUR 60 million.
- In Q4'20, restructuring costs and other for a net impact of -EUR 1,146 million.
- In Q1'21, restructuring costs of -EUR 530 million.
Inc_Statement_EUR-KTES
Underlying income statement
Constant EUR million
Change
H1'21 H1'20 Absolute %
Net interest income 16,196 15,048 1,148 7.6
Net fee income 5,169 4,773 396 8.3
Gains (losses) on financial transactions * 894 1,000 (106) (10.6)
Other operating income 436 107 329 309.0
Total income 22,695 20,928 1,767 8.4
Administrative expenses and amortisations (10,377) (10,067) (310) 3.1
Net operating income 12,318 10,860 1,458 13.4
Net loan-loss provisions (3,753) (6,486) 2,733 (42.1)
Other gains (losses) and provisions (937) (952) 15 (1.6)
Profit before tax 7,628 3,422 4,206 122.9
Tax on profit (2,658) (1,317) (1,341) 101.8
Profit from continuing operations 4,970 2,105 2,865 136.1
Net profit from discontinued operations - - - -
Consolidated profit 4,970 2,105 2,865 136.1
Non-controlling interests (765) (441) (324) 73.4
Underlying attributable profit to the parent 4,205 1,664 2,541 152.8
Net capital gains and provisions ** (530) (12,707) 12,177 (95.8)
Attributable profit to the parent 3,675 (11,044) 14,719 -
(*).- Includes exchange differences.
(**).- In H1'21, restructuring costs. In H1'20, adjustment to the valuation of goodwill, adjustment to deferred tax assets of the Spanish consolidated fiscal group, restructuring costs and other.
Quarterly underlying income statement
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Net interest income 7,604 7,444 7,782 8,127 7,993 8,203
Net fee income 2,555 2,218 2,410 2,470 2,559 2,610
Gains (losses) on financial transactions * 269 731 657 466 651 243
Other operating income 186 (79) 228 50 237 199
Total income 10,614 10,314 11,077 11,113 11,440 11,255
Administrative expenses and amortisations (5,127) (4,940) (5,086) (5,298) (5,132) (5,245)
Net operating income 5,487 5,374 5,991 5,815 6,308 6,010
Net loan-loss provisions (3,503) (2,984) (2,575) (2,659) (2,004) (1,749)
Other gains (losses) and provisions (332) (620) (304) (491) (466) (471)
Profit before tax 1,652 1,770 3,113 2,664 3,838 3,790
Tax on profit (1,150) (167) (1,094) (916) (1,336) (1,322)
Profit from continuing operations 502 1,603 2,018 1,748 2,502 2,468
Net profit from discontinued operations - - 0 (0) - -
Consolidated profit 502 1,603 2,018 1,748 2,502 2,468
Non-controlling interests (302) (139) (292) (314) (352) (413)
Underlying attributable profit to the parent 200 1,464 1,726 1,434 2,150 2,055
Net capital gains and provisions ** (45) (12,662) (25) (1,142) (532) 2
Attributable profit to the parent 155 (11,198) 1,701 292 1,618 2,057
(*).- Includes exchange differences.
(**).- Including:
- In Q1'20, restructuring costs.
- In Q2'20, adjustment to the valuation of goodwill, adjustment has been made to deferred tax assets of the Spanish consolidated fiscal group, restructuring costs and other.
- In Q4'20, restructuring costs and other.
- In Q1'21, restructuring costs.
Exchange_rate
Exchange rates: 1 euro / currency parity
Average (income statement) Period-end (balance sheet)
H1'21 H1'20 Jun-21 Mar-21 Jun-20
US dollar 1.205 1.102 1.186 1.174 1.126
Pound sterling 0.868 0.874 0.858 0.852 0.910
Brazilian real 6.480 5.345 5.941 6.629 6.161
Mexican peso 24.316 23.604 23.587 23.981 25.959
Chilean peso 868.037 895.071 863.161 843.574 922.992
Argentine peso 110.020 70.957 113.539 108.004 79.304
Polish zloty 4.537 4.409 4.519 4.634 4.444
Net_fees
Net fee income
EUR million
Change
H1'21 H1'20 Absolute %
Fees from services 2,843 2,921 (78) (2.7)
Wealth management and marketing of customer funds 1,783 1,708 75 4.4
Securities and custody 543 507 36 7.1
Net fee income 5,169 5,136 33 0.6
Operat_Costs
Operating expenses
EUR million
Change
H1'21 H1'20 Absolute %
Personnel expenses 5,438 5,467 (29) (0.5)
General expenses 3,558 3,767 (209) (5.5)
Information technology 1,048 1,021 27 2.6
Communications 199 246 (47) (19.1)
Advertising 233 259 (26) (10.0)
Buildings and premises 332 384 (52) (13.5)
Printed and office material 42 54 (12) (22.2)
Taxes (other than tax on profits) 264 252 12 4.8
Other expenses 1,440 1,551 (111) (7.2)
Personnel and general expenses 8,996 9,234 (238) (2.6)
Depreciation and amortisation 1,381 1,419 (38) (2.7)
Operating expenses 10,377 10,653 (276) (2.6)
Loan_los_prov
Net loan-loss provisions
EUR million
Change
H1'21 H1'20 Absolute %
Non-performing loans 4,353 7,577 (3,224) (42.5)
Country-risk (1) (7) 6 (85.7)
Recovery of written-off assets (599) (543) (56) 10.3
Net loan-loss provisions 3,753 7,027 (3,274) (46.6)
Balance_sheet
Balance sheet
EUR million
Change
Jun-21 Jun-20 Absolute % Dec-20
Assets
Cash, cash balances at central banks and other demand deposits 183,091 138,266 44,825 32.4 153,839
Financial assets held for trading 102,792 124,145 (21,353) (17.2) 114,945
Debt securities 34,114 32,062 2,052 6.4 37,894
Equity instruments 13,545 7,782 5,763 74.1 9,615
Loans and advances to customers 265 289 (24) (8.3) 296
Loans and advances to central banks and credit institutions - 6 (6) (100.0) 3
Derivatives 54,868 84,006 (29,138) (34.7) 67,137
Financial assets designated at fair value through profit or loss 61,324 97,270 (35,946) (37.0) 53,203
Loans and advances to customers 25,353 35,421 (10,068) (28.4) 24,673
Loans and advances to central banks and credit institutions 28,791 54,815 (26,024) (47.5) 21,617
Other (debt securities an equity instruments) 7,180 7,034 146 2.1 6,913
Financial assets at fair value through other comprehensive income 114,505 122,560 (8,055) (6.6) 120,953
Debt securities 103,549 112,041 (8,492) (7.6) 108,903
Equity instruments 2,751 2,228 523 23.5 2,783
Loans and advances to customers 8,205 8,291 (86) (1.0) 9,267
Loans and advances to central banks and credit institutions - - - - -
Financial assets measured at amortised cost 1,003,417 976,298 27,119 2.8 958,378
Debt securities 29,038 27,167 1,871 6.9 26,078
Loans and advances to customers 920,695 890,795 29,900 3.4 881,963
Loans and advances to central banks and credit institutions 53,684 58,336 (4,652) (8.0) 50,337
Investments in subsidiaries, joint ventures and associates 7,562 8,668 (1,106) (12.8) 7,622
Tangible assets 32,678 33,271 (593) (1.8) 32,735
Intangible assets 16,454 15,946 508 3.2 15,908
Goodwill 12,854 12,595 259 2.1 12,471
Other intangible assets 3,600 3,351 249 7.4 3,437
Other assets 46,813 56,457 (9,644) (17.1) 50,667
Total assets 1,568,636 1,572,881 (4,245) (0.3) 1,508,250
Liabilities and shareholders' equity
Financial liabilities held for trading 68,982 97,700 (28,718) (29.4) 81,167
Customer deposits - - - - -
Debt securities issued - - - - -
Deposits by central banks and credit institutions - - - - -
Derivatives 52,440 84,202 (31,762) (37.7) 64,469
Other 16,542 13,498 3,044 22.6 16,698
Financial liabilities designated at fair value through profit or loss 54,131 59,619 (5,488) (9.2) 48,038
Customer deposits 38,005 36,346 1,659 4.6 34,343
Debt securities issued 5,491 4,386 1,105 25.2 4,440
Deposits by central banks and credit institutions 10,635 18,887 (8,252) (43.7) 9,255
Other - - - - -
Financial liabilities measured at amortized cost 1,310,433 1,283,581 26,852 2.1 1,248,188
Customer deposits 856,122 810,486 45,636 5.6 814,967
Debt securities issued 237,739 254,398 (16,659) (6.5) 230,829
Deposits by central banks and credit institutions 182,770 189,214 (6,444) (3.4) 175,424
Other 33,802 29,483 4,319 14.6 26,968
Liabilities under insurance contracts 1,014 2,246 (1,232) (54.9) 910
Provisions 10,400 11,948 (1,548) (13.0) 10,852
Other liabilities 27,931 25,928 2,003 7.7 27,773
Total liabilities 1,472,891 1,481,022 (8,131) (0.5) 1,416,928
Shareholders' equity 117,552 112,899 4,653 4.1 114,620
Capital stock 8,670 8,309 361 4.3 8,670
Reserves 105,207 117,050 (11,843) (10.1) 114,721
Attributable profit to the Group 3,675 (10,798) 14,473 - (8,771)
Less: dividends - (1,662) 1,662 (100.0) -
Other comprehensive income (32,181) (30,637) (1,544) 5.0 (33,144)
Minority interests 10,374 9,597 777 8.1 9,846
Total equity 95,745 91,859 3,886 4.2 91,322
Total liabilities and equity 1,568,636 1,572,881 (4,245) (0.3) 1,508,250
Balance sheet
EUR million
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Assets
Cash, cash balances at central banks and other demand deposits 122,456 138,266 148,175 153,839 192,925 183,091
Financial assets held for trading 125,846 124,145 117,654 114,945 109,643 102,792
Debt securities 28,969 32,062 34,107 37,894 39,212 34,114
Equity instruments 8,605 7,782 7,235 9,615 11,626 13,545
Loans and advances to customers 298 289 247 296 303 265
Loans and advances to central banks and credit institutions - 6 - 3 2 -
Derivatives 87,974 84,006 76,065 67,137 58,500 54,868
Financial assets designated at fair value through profit or loss 67,142 97,270 67,007 53,203 61,289 61,324
Loans and advances to customers 31,270 35,421 29,215 24,673 27,001 25,353
Loans and advances to central banks and credit institutions 28,775 54,815 30,850 21,617 27,473 28,791
Other (debt securities an equity instruments) 7,097 7,034 6,942 6,913 6,815 7,180
Financial assets at fair value through other comprehensive income 110,238 122,560 117,461 120,953 113,370 114,505
Debt securities 99,557 112,041 105,574 108,903 101,496 103,549
Equity instruments 2,291 2,228 3,075 2,783 2,793 2,751
Loans and advances to customers 8,390 8,291 8,812 9,267 9,081 8,205
Loans and advances to central banks and credit institutions - - - - - -
Financial assets measured at amortised cost 981,331 976,298 950,571 958,378 981,581 1,003,417
Debt securities 26,033 27,167 27,316 26,078 26,430 29,038
Loans and advances to customers 895,449 890,795 872,440 881,963 903,375 920,695
Loans and advances to central banks and credit institutions 59,849 58,336 50,815 50,337 51,776 53,684
Investments in subsidiaries, joint ventures and associates 8,610 8,668 7,679 7,622 7,693 7,562
Tangible assets 34,912 33,271 33,277 32,735 33,386 32,678
Intangible assets 26,583 15,946 15,698 15,908 15,990 16,454
Goodwill 23,141 12,595 12,359 12,471 12,460 12,854
Other intangible assets 3,442 3,351 3,339 3,437 3,530 3,600
Other assets 63,241 56,457 56,720 50,667 47,002 46,813
Total assets 1,540,359 1,572,881 1,514,242 1,508,250 1,562,879 1,568,636
Liabilities and shareholders' equity
Financial liabilities held for trading 100,082 97,700 88,128 81,167 71,293 68,982
Customer deposits - - - - - -
Debt securities issued - - - - - -
Deposits by central banks and credit institutions - - - - - -
Derivatives 88,121 84,202 73,044 64,469 55,935 52,440
Other 11,961 13,498 15,084 16,698 15,358 16,542
Financial liabilities designated at fair value through profit or loss 67,337 59,619 59,459 48,038 69,977 54,131
Customer deposits 44,638 36,346 40,469 34,343 49,394 38,005
Debt securities issued 4,287 4,386 4,362 4,440 4,538 5,491
Deposits by central banks and credit institutions 18,412 18,887 14,628 9,255 16,045 10,635
Other - - - - - -
Financial liabilities measured at amortized cost 1,224,749 1,283,581 1,237,314 1,248,188 1,290,475 1,310,433
Customer deposits 770,821 810,486 802,430 814,967 833,460 856,122
Debt securities issued 257,606 254,398 240,195 230,829 240,765 237,739
Deposits by central banks and credit institutions 170,275 189,214 169,646 175,424 189,095 182,770
Other 26,047 29,483 25,043 26,968 27,155 33,802
Liabilities under insurance contracts 2,280 2,246 970 910 1,102 1,014
Provisions 12,335 11,948 10,118 10,852 10,881 10,400
Other liabilities 27,463 25,928 26,943 27,773 26,465 27,931
Total liabilities 1,434,246 1,481,022 1,422,932 1,416,928 1,470,193 1,472,891
Shareholders' equity 124,139 112,899 114,493 114,620 115,620 117,552
Capital stock 8,309 8,309 8,309 8,670 8,670 8,670
Reserves 117,161 117,050 116,894 114,721 105,342 105,207
Attributable profit to the Group 331 (10,798) (9,048) (8,771) 1,608 3,675
Less: dividends (1,662) (1,662) (1,662) - - -
Other comprehensive income (27,761) (30,637) (32,747) (33,144) (33,154) (32,181)
Minority interests 9,735 9,597 9,564 9,846 10,220 10,374
Total equity 106,113 91,859 91,310 91,322 92,686 95,745
Total liabilities and equity 1,540,359 1,572,881 1,514,242 1,508,250 1,562,879 1,568,636
Customer_loans
Loans and advances to customers
EUR million
Change
Jun-21 Jun-20 Absolute % Dec-20
Commercial bills 42,529 30,354 12,175 40.1 37,459
Secured loans 522,412 508,292 14,120 2.8 503,014
Other term loans 275,974 275,779 195 0.1 269,143
Finance leases 38,054 35,401 2,653 7.5 36,251
Receivable on demand 9,995 10,194 (199) (2.0) 7,903
Credit cards receivable 18,459 17,341 1,118 6.4 19,507
Impaired assets 32,136 31,737 399 1.3 30,815
Gross loans and advances to customers (excl. reverse repos) 939,559 909,098 30,461 3.4 904,092
Reverse repos 38,536 48,681 (10,145) (20.8) 35,702
Gross loans and advances to customers 978,095 957,779 20,316 2.1 939,794
Loan-loss allowances 23,577 22,983 594 2.6 23,595
Loans and advances to customers 954,518 934,796 19,722 2.1 916,199
Loans and advances to customers
EUR million
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Commercial bills 34,619 30,354 28,454 37,459 37,596 42,529
Secured loans 499,667 508,292 496,769 503,014 517,421 522,412
Other term loans 279,311 275,779 272,961 269,143 274,791 275,974
Finance leases 35,360 35,401 35,751 36,251 37,340 38,054
Receivable on demand 9,418 10,194 8,771 7,903 8,578 9,995
Credit cards receivable 19,052 17,341 17,468 19,507 17,106 18,459
Impaired assets 31,681 31,737 29,873 30,815 31,598 32,136
Gross loans and advances to customers (excl. reverse repos) 909,108 909,098 890,047 904,092 924,430 939,559
Reverse repos 49,005 48,681 43,474 35,702 38,734 38,536
Gross loans and advances to customers 958,113 957,779 933,521 939,794 963,164 978,095
Loan-loss allowances 22,706 22,983 22,807 23,595 23,404 23,577
Loans and advances to customers 935,407 934,796 910,714 916,199 939,760 954,518
Risks
Credit risk management
EUR million
Change
Jun-21 Jun-20 Absolute % Dec-20
Non-performing loans 33,266 32,782 484 1.5 31,767
NPL ratio (%) 3.22 3.26 (0.04 p.) 3.21
Loan-loss allowances 24,239 23,635 604 2.6 24,272
For impaired assets 14,030 13,458 572 4.3 13,780
For other assets 10,209 10,177 32 0.3 10,492
Coverage ratio (%) 73 72 1 p. 76
Cost of credit (%) 0.94 1.26 (0.32 p.) 1.28
Credit risk management
EUR million
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Non-performing loans 32,743 32,782 30,894 31,767 32,473 33,266
NPL ratio (%) 3.25 3.26 3.15 3.21 3.20 3.22
Loan-loss allowances 23,361 23,635 23,465 24,272 24,034 24,239
For impaired assets 13,364 13,458 13,386 13,780 13,804 14,030
For other assets 9,997 10,177 10,079 10,492 10,230 10,209
Coverage ratio (%) 71 72 76 76 74 73
Cost of credit (%) 1.17 1.26 1.27 1.28 1.08 0.94
Non-performing loans by quarter
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Balance at beginning of the period 33,799 32,743 32,782 30,894 31,767 32,473
Net entries 2,543 2,805 1,595 3,334 2,495 2,561
Increase in scope of consolidation - - (44) - - -
Exchange rate differences and other (964) (353) (1,673) (345) 444 351
Write-offs (2,635) (2,413) (1,766) (2,116) (2,233) (2,119)
Balance at period-end 32,743 32,782 30,894 31,767 32,473 33,266
Customer_funds
Total funds
EUR million
Change
Jun-21 Jun-20 Absolute % Dec-20
Demand deposits 685,086 618,832 66,254 10.7 642,897
Time deposits 169,491 187,518 (18,027) (9.6) 171,939
Mutual funds 182,491 152,040 30,451 20.0 164,802
Customer funds 1,037,068 958,390 78,678 8.2 979,638
Pension funds 15,858 15,086 772 5.1 15,577
Managed portfolios 29,493 26,038 3,455 13.3 26,438
Repos 39,550 40,482 (932) (2.3) 34,474
Total funds 1,121,969 1,039,996 81,973 7.9 1,056,127
Total funds
EUR million
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Demand deposits 584,015 618,832 621,361 642,897 667,513 685,086
Time deposits 191,054 187,518 180,571 171,939 170,172 169,491
Mutual funds 148,003 152,040 155,479 164,802 169,634 182,491
Customer funds 923,072 958,390 957,411 979,638 1,007,319 1,037,068
Pension funds 14,549 15,086 15,073 15,577 15,767 15,858
Managed portfolios 28,937 26,038 26,157 26,438 27,715 29,493
Repos 40,390 40,482 40,967 34,474 45,169 39,550
Total funds 1,006,948 1,039,996 1,039,608 1,056,127 1,095,970 1,121,969
Shareholders
Eligible capital. June 2021
EUR million
Phased-in * Fully-loaded
CET1 70,864 68,510
Basic capital 79,973 77,307
Eligible capital 92,539 90,260
Risk-weighted assets 584,999 585,379
CET1 capital ratio 12.11 11.70
T1 capital ratio 13.67 13.21
Total capital ratio 15.82 15.42
Eligible capital (phased-in) *
EUR million
Change
Jun-21 Jun-20 Absolute % Dec-20
Capital stock and reserves 115,678 125,322 (9,644) (7.7) 125,449
Attributable profit 3,675 (10,798) 14,474 - (8,771)
Dividends (2,102) - (2,102) - (478)
Other retained earnings (34,048) (33,167) (881) 2.7 (35,345)
Minority interests 6,347 6,639 (292) (4.4) 6,669
Goodwill and intangible assets (15,823) (16,952) 1,128 (6.7) (15,711)
Other deductions (2,862) (3,851) 989 (25.7) (2,415)
Core CET1 70,864 67,192 3,672 5.5 69,399
Preferred shares and other eligible T1 9,109 9,284 (175) (1.9) 9,102
Tier 1 79,973 76,476 3,497 4.6 78,501
Generic funds and eligible T2 instruments 12,567 11,361 1,206 10.6 12,514
Eligible capital 92,539 87,837 4,703 5.4 91,015
Risk-weighted assets 584,999 567,446 17,553 3.1 562,580
CET1 capital ratio 12.11 11.84 0.27 12.34
T1 capital ratio 13.67 13.48 0.19 13.95
Total capital ratio 15.82 15.48 0.34 16.18
(*).- The phased-in ratio includes the transitory treatment of IFRS 9, calculated in accordance with article 473 bis of the Regulation on Capital Requirements (CRR) and subsequent amendments introduced by Regulation 2020/873 of the European Union. Without it, the fully-loaded ratio is 11.89%. Additionally, the Tier 1 and total phased-in capital ratios include the transitory treatment according to chapter 2, title 1, part 10 of the aforementioned CRR.
Index_PrimarySegments
PRIMARY SEGMENTS (quarterly data)
Summary Segments
EUROPE - EUR ………………………………………………………………………………………………. Quarterly SOUTH AMERICA - EUR ……………………………………………………………………………………………………………….. Quarterly
EUROPE - Constant EUR ………………………………………………………………………………………………. Quarterly SOUTH AMERICA - Constant EUR ……………………………………………………………………………………………………………….. Quarterly
• Spain - EUR ……………………………………………………………………………………………………………………………………. Quarterly • Brazil - EUR …………………………………………………………………………………………………………………………….. Quarterly
• UK - EUR ……………………………………………………………………………………. Quarterly • Brazil - Constant EUR …………………………………………………………………………………………………… Quarterly
• UK - Constant EUR ……………………………………………………………………………………. Quarterly • Brazil - BRL …………………………………………………………………………………………………………………………….. Quarterly
• UK - GBP ……………………………………………………………………………………………………... Quarterly • Chile - EUR ………………………………………………………………………………………………………………………………. Quarterly
• Portugal - EUR ………………………………………………………………………………………………………………………………. Quarterly • Chile - Constant EUR ……………………………………………………………………………………………………….. Quarterly
• Poland - EUR ……………………………………………………………………………………………………………………. Quarterly • Chile - CLP ………………………………………………………………………………………………………………………………. Quarterly
• Poland - Constant EUR …………………………………………………………………………………………………. Quarterly • Argentina - EUR ………………………………………………………………………………………………………………………………. Quarterly
• Poland - PLN …………………………………………………………………………………………………. Quarterly • Argentina - Constant EUR ……………………………………………………………………………………………………….. Quarterly
• Other Europe - EUR ……………………………………………………………………………………………………………………. Quarterly • Argentina - ARS ………………………………………………………………………………………………………………………………. Quarterly
• Other Europe - Constant EUR ……………………………………………………………………………………………………………………. Quarterly • Other South America - EUR ………………………………………………………………………………………………………………………………. Quarterly
NORTH AMERICA - EUR ………………………………………………………………………………………………………………….. Quarterly • Other South America - Constant EUR ………………………………………………………………………………………………………………………………. Quarterly
NORTH AMERICA - Constant EUR ………………………………………………………………………………………………………………….. Quarterly DIGITAL CONSUMER BANK - EUR ……………………………………………………………………………………………………………………………… Quarterly
• USA - EUR …………………………………………………………………………………………………………………………. Quarterly DIGITAL CONSUMER BANK - Constant EUR ……………………………………………………………………………………………………………………………… Quarterly
• USA - Constant EUR ………………………………………………………………………………………………… Quarterly CORPORATE CENTRE - EUR ……………………………………………………………………………………………………… Quarterly
• USA - USD …………………………………………………………………………………………………………………………. Quarterly
• Mexico - EUR …………………………………………………………………………………………………………………………. Quarterly
• Mexico - Constant EUR ………………………………………………………………………………………………… Quarterly
• Mexico - MXN …………………………………………………………………………………………………………………………. Quarterly
• Other North America - EUR ……………………………………………………………………………………………………………………. Quarterly
• Other North America - Constant EUR ……………………………………………………………………………………………………………………. Quarterly
/xl/drawings/drawing15.xml#Index!A1
Summary_Seg
Key data by segments (I)
Net operating income Underlying attributable profit to the parent
Change Change
H1'21 H1'20 % % w/o FX H1'21 H1'20 % % w/o FX
Underlying income statement (EUR million)
Primary segments
Europe 3,947 2,902 36.0 36.6 1,426 529 169.6 171.9
Spain 1,759 1,509 16.6 16.6 390 251 55.8 55.8
United Kingdom 1,023 580 76.3 75.0 693 71 877.7 870.5
Portugal 441 372 18.6 18.6 239 160 49.7 49.7
Poland 453 428 5.9 8.9 54 73 (26.0) (23.9)
Other Europe 272 13 - - 49 (26) - -
North America 3,145 3,299 (4.7) 2.1 1,628 616 164.4 177.9
United States 2,206 2,144 2.9 12.5 1,291 211 511.9 569.3
Mexico 991 1,156 (14.3) (11.7) 387 406 (4.6) (1.8)
Other North America (52) (2) - - (50) (1) - -
South America 4,793 5,091 (5.8) 11.2 1,645 1,382 19.0 40.9
Brazil 3,701 3,949 (6.3) 13.6 1,180 995 18.6 43.8
Chile 771 678 13.6 10.2 321 183 75.3 70.0
Argentina 214 289 (26.0) 6.0 108 109 (1.1) 41.5
Other South America 108 175 (38.2) (28.1) 35 95 (62.8) (56.4)
Digital Consumer Bank 1,392 1,357 2.6 2.0 569 507 12.3 11.1
Corporate Centre (960) (784) 22.4 22.4 (1,062) (1,125) (5.6) (5.6)
TOTAL GROUP 12,318 11,865 3.8 13.4 4,205 1,908 120.4 152.8
Secondary segments
Retail Banking 10,942 10,418 5.0 13.8 3,790 1,733 118.8 134.6
Corporate & Investment Banking 1,870 1,679 11.3 23.3 1,197 928 29.0 44.8
Wealth Management & Insurance 574 563 1.9 7.6 406 400 1.6 7.6
PagoNxt (108) (12) 796.5 471.1 (127) (28) 357.9 303.0
Corporate Centre (960) (784) 22.4 22.4 (1,062) (1,125) (5.6) (5.6)
TOTAL GROUP 12,318 11,865 3.8 13.4 4,205 1,908 120.4 152.8
Gross loans and advances to customers excl. reverse repos Customer deposits excl. repos + mutual funds
Change Change
Jun-21 Jun-20 % % w/o FX Jun-21 Jun-20 % % w/o FX
Activity (EUR million)
Europe 562,209 542,816 3.6 1.3 681,433 633,055 7.6 5.7
Spain 199,041 203,811 (2.3) (2.3) 329,525 311,824 5.7 5.7
United Kingdom 242,616 226,321 7.2 1.2 235,803 212,157 11.1 4.9
Portugal 39,850 38,097 4.6 4.6 45,392 42,922 5.8 5.8
Poland 29,884 30,151 (0.9) 0.8 40,764 37,623 8.3 10.2
Other Europe 50,818 44,435 14.4 15.8 29,949 28,529 5.0 5.5
North America 125,635 131,163 (4.2) (2.7) 130,087 124,818 4.2 4.7
United States 93,519 100,826 (7.2) (2.3) 87,206 86,719 0.6 6.0
Mexico 32,097 30,329 5.8 (3.8) 42,870 38,088 12.6 2.3
Other North America 19 9 116.4 116.4 10 11 (8.8) (8.8)
South America 130,052 115,747 12.4 9.5 168,336 149,933 12.3 10.4
Brazil 77,341 64,859 19.2 15.0 109,299 97,585 12.0 8.0
Chile 41,125 39,115 5.1 (1.7) 42,312 35,913 17.8 10.2
Argentina 4,713 4,970 (5.2) 35.8 9,896 9,669 2.3 46.5
Other South America 6,874 6,803 11.4 (1.6) 6,829 6,765 11.0 1.8
Digital Consumer Bank 115,526 114,006 1.3 0.1 56,190 49,797 12.8 11.8
Corporate Centre 6,138 5,367 14.4 14.4 1,021 786 29.9 29.9
TOTAL GROUP 939,560 909,098 3.4 1.7 1,037,067 958,390 8.2 6.6
Key data by segments (II)
Underlying RoTE* (%) Efficiency ratio
H1'21 H1'20 H1'21 H1'20
Profitability and efficiency (%)
Europe 7.24 2.70 51.21 59.22
o/w: Spain 5.21 3.24 49.42 54.95
United Kingdom 10.65 1.06 55.96 69.42
Portugal 11.92 8.52 39.58 44.32
Poland 3.33 4.63 41.51 42.38
North America 14.64 5.83 42.69 41.63
o/w: United States 15.89 2.68 40.98 42.50
Mexico 13.32 15.46 43.13 39.52
South America 20.29 16.40 34.44 35.26
o/w: Brazil 22.12 17.12 28.87 31.77
Chile 18.63 11.23 38.43 40.32
Argentina 23.95 28.76 62.02 53.96
Digital Consumer Bank 12.04 10.54 46.58 45.82
TOTAL GROUP 12.62 5.44 45.72 47.31
(*).- Not including net capital gains and provisions.
NPL ratio Coverage ratio Cost of credit
Jun-21 Jun-20 Jun-21 Jun-20 Jun-21 Jun-20
Credit quality (%)
Europe 3.30 3.41 48.4 46.5 0.49 0.41
o/w: Spain 6.22 6.55 46.0 43.3 1.00 0.68
United Kingdom 1.30 1.10 37.4 42.8 0.09 0.22
Portugal 3.71 4.43 73.0 60.9 0.41 0.30
Poland 4.58 4.57 72.4 69.0 0.88 0.96
North America 2.28 1.73 152.3 206.5 1.67 3.21
o/w: United States 2.00 1.49 185.7 253.1 1.34 3.30
Mexico 3.10 2.50 90.6 114.9 2.74 2.95
South America 4.36 4.74 98.1 93.0 2.51 3.49
o/w: Brazil 4.55 5.07 112.3 110.2 3.51 4.67
Chile 4.57 4.99 63.9 54.7 1.07 1.46
Argentina 3.34 3.15 167.6 165.7 3.94 5.67
Digital Consumer Bank 2.18 2.31 111.9 108.0 0.64 0.74
TOTAL GROUP 3.22 3.26 72.9 72.1 0.94 1.26
Employees Branches
Jun-21 Jun-20 Jun-21 Jun-20
Operating data
Europe 64,306 70,848 3,401 4,902
Spain 23,689 27,261 1,947 3,222
United Kingdom 20,870 23,249 553 615
Portugal 6,049 6,506 418 525
Poland 9,932 10,968 471 529
Other Europe 3,766 2,864 12 11
North America 41,670 38,377 1,920 2,043
United States 15,610 17,299 544 614
Mexico 25,543 20,817 1,376 1,429
Other North America 517 261 - -
South America 67,198 67,913 4,438 4,494
Brazil 45,115 44,951 3,590 3,585
Chile 10,628 11,405 332 367
Argentina 8,814 9,244 408 438
Other South America 2,641 2,313 108 104
Digital Consumer Bank 15,834 15,373 314 408
Corporate Centre 1,743 1,773
TOTAL GROUP 190,751 194,284 10,073 11,847
Europe_EUR
Europe
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 5,396 4,708 688 14.6
Net fee income 2,157 2,071 87 4.2
Gains (losses) on financial transactions * 468 367 100 27.3
Other operating income 71 (30) 101 -
Total income 8,091 7,115 976 13.7
Administrative expenses and amortisations (4,144) (4,213) 70 (1.7)
Net operating income 3,947 2,902 1,046 36.0
Net loan-loss provisions (1,202) (1,681) 480 (28.5)
Other gains (losses) and provisions (595) (422) (174) 41.3
Profit before tax 2,150 799 1,351 169.1
Tax on profit (705) (236) (468) 198.2
Profit from continuing operations 1,445 563 883 156.9
Net profit from discontinued operations - - - -
Consolidated profit 1,445 563 883 156.9
Non-controlling interests (20) (34) 14 (41.1)
Underlying attributable profit to the parent 1,426 529 897 169.6
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 584,804 574,076 10,728 1.9
Cash, central banks and credit institutions 243,814 248,198 (4,384) (1.8)
Debt instruments 77,472 86,477 (9,005) (10.4)
Other financial assets 49,395 54,208 (4,813) (8.9)
Other asset accounts 32,651 40,318 (7,667) (19.0)
Total assets 988,136 1,003,278 (15,142) (1.5)
Customer deposits 599,463 570,736 28,727 5.0
Central banks and credit institutions 197,256 213,794 (16,538) (7.7)
Marketable debt securities 79,019 92,312 (13,293) (14.4)
Other financial liabilities 54,859 69,972 (15,113) (21.6)
Other liabilities accounts 11,966 13,284 (1,318) (9.9)
Total liabilities 942,563 960,098 (17,535) (1.8)
Total equity 45,573 43,180 2,393 5.5
Memorandum items:
Gross loans and advances to customers ** 562,209 542,816 19,393 3.6
Customer funds 681,433 633,055 48,378 7.6
Customer deposits *** 578,759 549,600 29,158 5.3
Mutual funds 102,675 83,455 19,220 23.0
Ratios (%), operating means and customers
Underlying RoTE 7.24 2.70 4.53 p.
Efficiency ratio 51.2 59.2 (8.0 p.)
NPL ratio 3.30 3.41 (0.10 p.)
Coverage ratio 48.4 46.5 1.8 p.
Number of employees 64,306 70,848 (6,542) (9.2)
Number of branches 3,401 4,902 (1,501) (30.6)
Number of loyal customers (thousands) 10,179 9,834 345 3.5
Number of digital customers (thousands) 15,686 14,760 926 6.3
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Europe
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 2,378 2,330 2,534 2,670 2,645 2,751
Net fee income 1,128 942 961 968 1,072 1,086
Gains (losses) on financial transactions * 155 213 330 171 383 84
Other operating income 57 (87) 58 (134) 49 21
Total income 3,718 3,398 3,883 3,675 4,149 3,942
Administrative expenses and amortisations (2,175) (2,038) (2,046) (2,015) (2,071) (2,072)
Net operating income 1,543 1,359 1,837 1,659 2,077 1,870
Net loan-loss provisions (1,004) (677) (735) (927) (595) (606)
Other gains (losses) and provisions (236) (186) (177) (371) (251) (344)
Profit before tax 303 496 925 361 1,231 919
Tax on profit (100) (136) (265) (93) (402) (303)
Profit from continuing operations 202 360 660 268 829 616
Net profit from discontinued operations - - (0) 0 - -
Consolidated profit 202 360 660 268 829 616
Non-controlling interests (10) (24) (32) (12) (3) (17)
Underlying attributable profit to the parent 193 336 628 256 826 599
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 568,914 574,076 563,557 563,582 582,033 584,804
Cash, central banks and credit institutions 177,430 248,198 216,860 213,561 243,575 243,814
Debt instruments 79,413 86,477 83,049 81,271 76,451 77,472
Other financial assets 60,812 54,208 53,054 48,313 47,751 49,395
Other asset accounts 42,793 40,318 39,401 35,893 33,892 32,651
Total assets 929,361 1,003,278 955,921 942,620 983,703 988,136
Customer deposits 541,719 570,736 573,108 582,353 596,875 599,463
Central banks and credit institutions 160,984 213,794 176,782 167,014 190,620 197,256
Marketable debt securities 97,370 92,312 90,102 84,201 88,090 79,019
Other financial liabilities 70,927 69,972 60,240 54,634 50,542 54,859
Other liabilities accounts 14,310 13,284 12,007 11,788 13,014 11,966
Total liabilities 885,311 960,098 912,240 899,990 939,140 942,563
Total equity 44,050 43,180 43,681 42,630 44,563 45,573
Memorandum items:
Gross loans and advances to customers ** 538,459 542,816 535,463 543,336 558,455 562,209
Customer funds 604,983 633,055 641,963 655,954 674,618 681,433
Customer deposits *** 528,209 549,600 554,629 562,977 575,671 578,759
Mutual funds 76,774 83,455 87,335 92,977 98,947 102,675
Other information
NPL ratio 3.37 3.41 3.29 3.34 3.26 3.30
Coverage ratio 47.0 46.5 48.7 50.3 50.0 48.4
Cost of credit 0.36 0.41 0.48 0.58 0.51 0.49
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Europe_EUR-KTES
Europe
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 5,396 4,699 697 14.8
Net fee income 2,157 2,062 95 4.6
Gains (losses) on financial transactions * 468 363 105 29.0
Other operating income 71 (27) 98 -
Total income 8,091 7,096 995 14.0
Administrative expenses and amortisations (4,144) (4,206) 63 (1.5)
Net operating income 3,947 2,890 1,058 36.6
Net loan-loss provisions (1,202) (1,680) 478 (28.4)
Other gains (losses) and provisions (595) (418) (177) 42.3
Profit before tax 2,150 792 1,359 171.6
Tax on profit (705) (234) (470) 200.6
Profit from continuing operations 1,445 557 888 159.4
Net profit from discontinued operations - - - -
Consolidated profit 1,445 557 888 159.4
Non-controlling interests (20) (33) 13 (39.5)
Underlying attributable profit to the parent 1,426 524 901 171.9
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 584,804 587,899 (3,095) (0.5)
Cash, central banks and credit institutions 243,814 250,729 (6,915) (2.8)
Debt instruments 77,472 87,266 (9,794) (11.2)
Other financial assets 49,395 54,268 (4,873) (9.0)
Other asset accounts 32,651 40,796 (8,145) (20.0)
Total assets 988,136 1,020,958 (32,822) (3.2)
Customer deposits 599,463 583,428 16,035 2.7
Central banks and credit institutions 197,256 214,237 (16,981) (7.9)
Marketable debt securities 79,019 95,763 (16,744) (17.5)
Other financial liabilities 54,859 70,109 (15,250) (21.8)
Other liabilities accounts 11,966 13,531 (1,565) (11.6)
Total liabilities 942,563 977,069 (34,506) (3.5)
Total equity 45,573 43,888 1,685 3.8
Memorandum items:
Gross loans and advances to customers ** 562,209 555,265 6,944 1.3
Customer funds 681,433 644,971 36,462 5.7
Customer deposits *** 578,759 561,130 17,629 3.1
Mutual funds 102,675 83,841 18,833 22.5
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Europe
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 2,356 2,343 2,565 2,706 2,652 2,744
Net fee income 1,119 943 964 971 1,073 1,084
Gains (losses) on financial transactions * 153 210 331 170 382 85
Other operating income 60 (88) 57 (135) 50 21
Total income 3,688 3,408 3,917 3,712 4,156 3,935
Administrative expenses and amortisations (2,158) (2,048) (2,069) (2,038) (2,077) (2,067)
Net operating income 1,529 1,360 1,847 1,674 2,080 1,868
Net loan-loss provisions (998) (682) (742) (932) (596) (606)
Other gains (losses) and provisions (234) (184) (180) (373) (249) (346)
Profit before tax 297 494 926 369 1,234 916
Tax on profit (98) (137) (265) (94) (404) (301)
Profit from continuing operations 199 358 661 274 830 615
Net profit from discontinued operations - - - - - -
Consolidated profit 199 358 661 274 830 615
Non-controlling interests (10) (22) (31) (12) (2) (18)
Underlying attributable profit to the parent 189 335 630 262 828 598
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 576,636 587,899 577,918 575,706 580,623 584,804
Cash, central banks and credit institutions 178,354 250,729 219,521 216,263 243,097 243,814
Debt instruments 80,027 87,266 83,881 81,930 76,734 77,472
Other financial assets 60,808 54,268 53,153 48,376 47,764 49,395
Other asset accounts 43,062 40,796 39,921 36,326 33,861 32,651
Total assets 938,887 1,020,958 974,395 958,601 982,079 988,136
Customer deposits 548,809 583,428 586,166 593,468 595,915 599,463
Central banks and credit institutions 160,663 214,237 177,658 168,398 190,306 197,256
Marketable debt securities 99,428 95,763 93,391 86,586 87,743 79,019
Other financial liabilities 70,983 70,109 60,407 54,772 50,535 54,859
Other liabilities accounts 14,480 13,531 12,263 12,009 13,015 11,966
Total liabilities 894,362 977,069 929,886 915,233 937,515 942,563
Total equity 44,525 43,888 44,509 43,368 44,564 45,573
Memorandum items:
Gross loans and advances to customers ** 545,390 555,265 548,588 554,585 557,207 562,209
Customer funds 611,904 644,971 654,512 666,659 673,817 681,433
Customer deposits *** 534,885 561,130 566,739 573,279 574,822 578,759
Mutual funds 77,019 83,841 87,774 93,380 98,994 102,675
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Spain
Spain
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 2,034 1,856 178 9.6
Net fee income 1,204 1,178 26 2.2
Gains (losses) on financial transactions * 256 407 (151) (37.1)
Other operating income (16) (90) 74 (82.0)
Total income 3,478 3,350 128 3.8
Administrative expenses and amortisations (1,719) (1,841) 122 (6.6)
Net operating income 1,759 1,509 250 16.6
Net loan-loss provisions (941) (941) 0 (0.0)
Other gains (losses) and provisions (276) (219) (58) 26.3
Profit before tax 542 350 193 55.1
Tax on profit (152) (99) (53) 53.3
Profit from continuing operations 390 250 140 55.8
Net profit from discontinued operations - - - -
Consolidated profit 390 250 140 55.8
Non-controlling interests 0 0 0 34.2
Underlying attributable profit to the parent 390 251 140 55.8
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 192,716 197,424 (4,708) (2.4)
Cash, central banks and credit institutions 128,622 108,381 20,241 18.7
Debt instruments 18,864 25,100 (6,236) (24.8)
Other financial assets 2,496 1,661 835 50.3
Other asset accounts 17,595 23,203 (5,608) (24.2)
Total assets 360,293 355,769 4,524 1.3
Customer deposits 253,301 248,053 5,248 2.1
Central banks and credit institutions 50,243 46,942 3,300 7.0
Marketable debt securities 26,660 27,377 (717) (2.6)
Other financial liabilities 10,793 12,370 (1,577) (12.7)
Other liabilities accounts 3,848 5,159 (1,310) (25.4)
Total liabilities 344,845 339,901 4,944 1.5
Total equity 15,448 15,868 (420) (2.6)
Memorandum items:
Gross loans and advances to customers ** 199,041 203,811 (4,770) (2.3)
Customer funds 329,525 311,824 17,701 5.7
Customer deposits *** 253,301 248,053 5,248 2.1
Mutual funds 76,224 63,770 12,453 19.5
Ratios (%), operating means and customers
Underlying RoTE 5.21 3.24 1.97 p.
Efficiency ratio 49.4 54.9 (5.5 p.)
NPL ratio 6.22 6.55 (0.33 p.)
Coverage ratio 46.0 43.3 2.7 p.
Number of employees 23,689 27,261 (3,572) (13.1)
Number of branches 1,947 3,222 (1,275) (39.6)
Number of loyal customers (thousands) 2,758 2,542 216 8.5
Number of digital customers (thousands) 5,302 5,091 211 4.1
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Spain
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 925 931 1,034 1,067 1,019 1,015
Net fee income 643 535 562 573 587 617
Gains (losses) on financial transactions * 156 250 194 180 132 123
Other operating income 64 (154) 10 (188) 45 (62)
Total income 1,789 1,562 1,800 1,632 1,785 1,693
Administrative expenses and amortisations (944) (896) (893) (873) (867) (852)
Net operating income 844 665 907 759 918 842
Net loan-loss provisions (628) (313) (449) (611) (449) (492)
Other gains (losses) and provisions (104) (115) (112) (128) (129) (147)
Profit before tax 112 237 346 20 340 202
Tax on profit (22) (77) (100) 1 (97) (55)
Profit from continuing operations 90 160 246 20 243 147
Net profit from discontinued operations - - - - - -
Consolidated profit 90 160 246 20 243 147
Non-controlling interests (0) 0 0 (0) 0 0
Underlying attributable profit to the parent 90 161 246 20 243 147
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 185,921 197,424 192,894 194,239 191,062 192,716
Cash, central banks and credit institutions 78,519 108,381 112,338 113,518 123,441 128,622
Debt instruments 24,458 25,100 21,766 21,654 18,551 18,864
Other financial assets 1,407 1,661 2,571 2,671 2,428 2,496
Other asset accounts 25,209 23,203 22,727 22,438 20,002 17,595
Total assets 315,515 355,769 352,296 354,521 355,485 360,293
Customer deposits 234,716 248,053 250,369 251,375 249,279 253,301
Central banks and credit institutions 20,341 46,942 47,536 48,305 51,537 50,243
Marketable debt securities 29,503 27,377 26,141 26,068 27,212 26,660
Other financial liabilities 8,968 12,370 7,858 9,344 7,326 10,793
Other liabilities accounts 6,231 5,159 4,012 4,112 4,692 3,848
Total liabilities 299,759 339,901 335,916 339,203 340,046 344,845
Total equity 15,756 15,868 16,380 15,318 15,439 15,448
Memorandum items:
Gross loans and advances to customers ** 192,490 203,811 198,951 200,735 197,435 199,041
Customer funds 293,889 311,824 316,597 320,879 322,356 329,525
Customer deposits *** 234,716 248,053 250,369 251,375 249,279 253,301
Mutual funds 59,173 63,770 66,228 69,503 73,078 76,224
Other information
NPL ratio 6.88 6.55 5.98 6.23 6.18 6.22
Coverage ratio 44.6 43.3 46.0 47.1 47.2 46.0
Cost of credit 0.64 0.68 0.80 1.01 0.91 1.00
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
UK_EUR
United Kingdom
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 2,100 1,616 485 30.0
Net fee income 238 284 (46) (16.3)
Gains (losses) on financial transactions * (16) (2) (14) 668.6
Other operating income 1 0 0 220.3
Total income 2,322 1,898 425 22.4
Administrative expenses and amortisations (1,299) (1,317) 18 (1.4)
Net operating income 1,023 580 442 76.3
Net loan-loss provisions 68 (401) 469 -
Other gains (losses) and provisions (94) (76) (17) 22.8
Profit before tax 997 103 894 865.0
Tax on profit (304) (32) (271) 837.3
Profit from continuing operations 693 71 623 877.7
Net profit from discontinued operations - - - -
Consolidated profit 693 71 623 877.7
Non-controlling interests - (0) 0 (100.0)
Underlying attributable profit to the parent 693 71 623 877.7
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 261,139 249,034 12,104 4.9
Cash, central banks and credit institutions 62,751 47,865 14,886 31.1
Debt instruments 8,292 17,001 (8,709) (51.2)
Other financial assets 913 1,470 (557) (37.9)
Other asset accounts 7,517 9,560 (2,043) (21.4)
Total assets 340,612 324,930 15,682 4.8
Customer deposits 243,617 224,233 19,384 8.6
Central banks and credit institutions 30,603 20,682 9,921 48.0
Marketable debt securities 44,507 58,360 (13,853) (23.7)
Other financial liabilities 2,691 2,857 (167) (5.8)
Other liabilities accounts 3,696 4,493 (797) (17.7)
Total liabilities 325,114 310,626 14,489 4.7
Total equity 15,498 14,304 1,193 8.3
Memorandum items:
Gross loans and advances to customers ** 242,616 226,321 16,295 7.2
Customer funds 235,803 212,157 23,647 11.1
Customer deposits *** 227,212 204,761 22,451 11.0
Mutual funds 8,591 7,396 1,196 16.2
Ratios (%), operating means and customers
Underlying RoTE 10.65 1.06 9.59 p.
Efficiency ratio 56.0 69.4 (13.5 p.)
NPL ratio 1.30 1.10 0.20 p.
Coverage ratio 37.4 42.8 (5.4 p.)
Number of employees 20,870 23,249 (2,379) (10.2)
Number of branches 553 615 (62) (10.1)
Number of loyal customers (thousands) 4,420 4,483 (64) (1.4)
Number of digital customers (thousands) 6,396 6,074 322 5.3
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
United Kingdom
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 820 796 905 983 1,001 1,100
Net fee income 190 94 115 96 120 117
Gains (losses) on financial transactions * (4) 2 15 (32) (12) (4)
Other operating income 1 (1) (0) 1 3 (2)
Total income 1,007 891 1,034 1,048 1,111 1,211
Administrative expenses and amortisations (686) (631) (620) (601) (652) (648)
Net operating income 321 259 414 447 459 563
Net loan-loss provisions (178) (223) (179) (97) (18) 86
Other gains (losses) and provisions (71) (5) (30) (150) (31) (63)
Profit before tax 72 31 205 200 410 587
Tax on profit (20) (13) (55) (29) (116) (188)
Profit from continuing operations 52 19 149 171 294 399
Net profit from discontinued operations - - - - - -
Consolidated profit 52 19 149 171 294 399
Non-controlling interests (0) (0) (0) 0 - -
Underlying attributable profit to the parent 52 19 149 171 294 399
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 256,273 249,034 248,394 249,777 261,943 261,139
Cash, central banks and credit institutions 37,393 47,865 46,589 54,444 66,090 62,751
Debt instruments 16,943 17,001 13,902 11,527 9,230 8,292
Other financial assets 1,098 1,470 1,772 712 796 913
Other asset accounts 11,301 9,560 9,135 8,177 6,786 7,517
Total assets 323,008 324,930 319,793 324,637 344,844 340,612
Customer deposits 215,044 224,233 224,356 231,921 241,483 243,617
Central banks and credit institutions 21,406 20,682 17,154 20,587 28,981 30,603
Marketable debt securities 62,356 58,360 56,707 51,151 52,632 44,507
Other financial liabilities 2,981 2,857 2,951 2,316 3,156 2,691
Other liabilities accounts 4,958 4,493 4,369 4,508 3,731 3,696
Total liabilities 306,745 310,626 305,536 310,483 329,983 325,114
Total equity 16,263 14,304 14,257 14,154 14,861 15,498
Memorandum items:
Gross loans and advances to customers ** 231,940 226,321 227,002 230,674 244,338 242,616
Customer funds 209,254 212,157 215,405 222,268 235,469 235,803
Customer deposits *** 202,408 204,761 207,987 214,329 227,119 227,212
Mutual funds 6,846 7,396 7,418 7,938 8,350 8,591
Other information
NPL ratio 0.99 1.10 1.33 1.24 1.35 1.30
Coverage ratio 39.7 42.8 41.6 44.7 40.5 37.4
Cost of credit 0.14 0.22 0.26 0.27 0.21 0.09
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
UK_EUR-KTES
United Kingdom
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 2,100 1,628 473 29.0
Net fee income 238 286 (48) (16.9)
Gains (losses) on financial transactions * (16) (2) (14) 663.0
Other operating income 1 0 0 217.9
Total income 2,322 1,912 411 21.5
Administrative expenses and amortisations (1,299) (1,327) 28 (2.1)
Net operating income 1,023 585 438 75.0
Net loan-loss provisions 68 (404) 472 -
Other gains (losses) and provisions (94) (77) (17) 21.9
Profit before tax 997 104 893 858.0
Tax on profit (304) (33) (271) 830.5
Profit from continuing operations 693 71 622 870.5
Net profit from discontinued operations - - - -
Consolidated profit 693 71 622 870.5
Non-controlling interests - (0) 0 (100.0)
Underlying attributable profit to the parent 693 71 622 870.5
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 261,139 263,910 (2,771) (1.0)
Cash, central banks and credit institutions 62,751 50,724 12,027 23.7
Debt instruments 8,292 18,016 (9,724) (54.0)
Other financial assets 913 1,558 (645) (41.4)
Other asset accounts 7,517 10,131 (2,614) (25.8)
Total assets 340,612 344,339 (3,727) (1.1)
Customer deposits 243,617 237,627 5,990 2.5
Central banks and credit institutions 30,603 21,917 8,686 39.6
Marketable debt securities 44,507 61,846 (17,339) (28.0)
Other financial liabilities 2,691 3,028 (337) (11.1)
Other liabilities accounts 3,696 4,761 (1,065) (22.4)
Total liabilities 325,114 329,180 (4,066) (1.2)
Total equity 15,498 15,159 339 2.2
Memorandum items:
Gross loans and advances to customers ** 242,616 239,840 2,776 1.2
Customer funds 235,803 224,829 10,974 4.9
Customer deposits *** 227,212 216,992 10,220 4.7
Mutual funds 8,591 7,838 754 9.6
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
United Kingdom
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 814 814 942 1,020 1,007 1,093
Net fee income 188 98 120 101 121 117
Gains (losses) on financial transactions * (4) 2 15 (33) (13) (4)
Other operating income 1 (1) (0) 1 3 (2)
Total income 1,000 912 1,077 1,089 1,119 1,203
Administrative expenses and amortisations (681) (646) (648) (626) (656) (643)
Net operating income 318 266 429 464 462 560
Net loan-loss provisions (176) (227) (187) (102) (18) 86
Other gains (losses) and provisions (71) (6) (31) (155) (31) (62)
Profit before tax 72 33 210 207 413 584
Tax on profit (20) (13) (57) (30) (117) (187)
Profit from continuing operations 52 20 153 176 296 398
Net profit from discontinued operations - - - - - -
Consolidated profit 52 20 153 176 296 398
Non-controlling interests (0) (0) (0) 0 - -
Underlying attributable profit to the parent 52 20 153 176 296 398
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 264,659 263,910 262,779 261,332 259,924 261,139
Cash, central banks and credit institutions 38,617 50,724 49,287 56,963 65,581 62,751
Debt instruments 17,497 18,016 14,707 12,060 9,159 8,292
Other financial assets 1,134 1,558 1,875 745 789 913
Other asset accounts 11,671 10,131 9,664 8,555 6,734 7,517
Total assets 333,578 344,339 338,313 339,655 342,187 340,612
Customer deposits 222,081 237,627 237,349 242,650 239,622 243,617
Central banks and credit institutions 22,107 21,917 18,147 21,540 28,758 30,603
Marketable debt securities 64,396 61,846 59,991 53,517 52,226 44,507
Other financial liabilities 3,078 3,028 3,122 2,423 3,132 2,691
Other liabilities accounts 5,121 4,761 4,622 4,717 3,703 3,696
Total liabilities 316,783 329,180 323,230 324,846 327,441 325,114
Total equity 16,795 15,159 15,082 14,808 14,746 15,498
Memorandum items:
Gross loans and advances to customers ** 239,530 239,840 240,148 241,345 242,455 242,616
Customer funds 216,101 224,829 227,879 232,550 233,655 235,803
Customer deposits *** 209,031 216,992 220,032 224,244 225,369 227,212
Mutual funds 7,070 7,838 7,848 8,305 8,286 8,591
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
UK_GBP
United Kingdom
GBP million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 1,823 1,412 410 29.0
Net fee income 206 248 (42) (16.9)
Gains (losses) on financial transactions * (14) (2) (12) 663.0
Other operating income 0 0 0 217.9
Total income 2,015 1,659 356 21.5
Administrative expenses and amortisations (1,128) (1,151) 24 (2.1)
Net operating income 887 507 380 75.0
Net loan-loss provisions 59 (350) 409 -
Other gains (losses) and provisions (81) (67) (15) 21.9
Profit before tax 865 90 775 858.0
Tax on profit (264) (28) (235) 830.5
Profit from continuing operations 602 62 540 870.5
Net profit from discontinued operations - - - -
Consolidated profit 602 62 540 870.5
Non-controlling interests - (0) 0 (100.0)
Underlying attributable profit to the parent 602 62 540 870.5
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 224,146 226,525 (2,378) (1.0)
Cash, central banks and credit institutions 53,862 43,539 10,323 23.7
Debt instruments 7,117 15,464 (8,347) (54.0)
Other financial assets 784 1,337 (553) (41.4)
Other asset accounts 6,453 8,696 (2,243) (25.8)
Total assets 292,362 295,560 (3,199) (1.1)
Customer deposits 209,107 203,965 5,142 2.5
Central banks and credit institutions 26,268 18,813 7,455 39.6
Marketable debt securities 38,202 53,085 (14,883) (28.0)
Other financial liabilities 2,310 2,599 (289) (11.1)
Other liabilities accounts 3,172 4,087 (915) (22.4)
Total liabilities 279,059 282,549 (3,490) (1.2)
Total equity 13,302 13,011 291 2.2
Memorandum items:
Gross loans and advances to customers ** 208,248 205,865 2,383 1.2
Customer funds 202,400 192,981 9,419 4.9
Customer deposits *** 195,026 186,253 8,772 4.7
Mutual funds 7,374 6,727 647 9.6
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
United Kingdom
GBP million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 706 706 818 885 874 948
Net fee income 163 85 104 87 105 101
Gains (losses) on financial transactions * (3) 2 13 (29) (11) (3)
Other operating income 1 (1) (0) 1 2 (2)
Total income 867 791 934 945 971 1,044
Administrative expenses and amortisations (591) (560) (562) (543) (569) (558)
Net operating income 276 231 372 402 401 486
Net loan-loss provisions (153) (197) (163) (89) (16) 75
Other gains (losses) and provisions (61) (5) (27) (134) (27) (54)
Profit before tax 62 28 182 179 358 507
Tax on profit (17) (11) (49) (26) (102) (162)
Profit from continuing operations 45 17 133 153 257 345
Net profit from discontinued operations - - - - - -
Consolidated profit 45 17 133 153 257 345
Non-controlling interests (0) (0) (0) 0 - -
Underlying attributable profit to the parent 45 17 133 153 257 345
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 227,168 226,525 225,555 224,312 223,104 224,146
Cash, central banks and credit institutions 33,146 43,539 42,305 48,894 56,291 53,862
Debt instruments 15,019 15,464 12,624 10,351 7,861 7,117
Other financial assets 973 1,337 1,609 640 678 784
Other asset accounts 10,017 8,696 8,295 7,343 5,780 6,453
Total assets 286,324 295,560 290,388 291,540 293,714 292,362
Customer deposits 190,621 203,965 203,726 208,277 205,678 209,107
Central banks and credit institutions 18,975 18,813 15,576 18,488 24,684 26,268
Marketable debt securities 55,274 53,085 51,493 45,936 44,828 38,202
Other financial liabilities 2,642 2,599 2,680 2,080 2,688 2,310
Other liabilities accounts 4,395 4,087 3,967 4,049 3,178 3,172
Total liabilities 271,908 282,549 277,442 278,829 281,056 279,059
Total equity 14,416 13,011 12,946 12,711 12,657 13,302
Memorandum items:
Gross loans and advances to customers ** 205,599 205,865 206,129 207,157 208,109 208,248
Customer funds 185,489 192,981 195,599 199,607 200,556 202,400
Customer deposits *** 179,420 186,253 188,863 192,478 193,443 195,026
Mutual funds 6,069 6,727 6,736 7,129 7,112 7,374
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Portugal
Portugal
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 384 399 (15) (3.8)
Net fee income 210 191 18 9.7
Gains (losses) on financial transactions * 153 91 62 68.5
Other operating income (17) (14) (3) 24.2
Total income 730 668 62 9.3
Administrative expenses and amortisations (289) (296) 7 (2.4)
Net operating income 441 372 69 18.6
Net loan-loss provisions (69) (105) 35 (33.5)
Other gains (losses) and provisions (24) (37) 13 (34.5)
Profit before tax 347 230 117 50.8
Tax on profit (108) (70) (38) 53.4
Profit from continuing operations 239 160 79 49.6
Net profit from discontinued operations - - - -
Consolidated profit 239 160 79 49.6
Non-controlling interests (0) (0) (0) 29.2
Underlying attributable profit to the parent 239 160 79 49.7
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 38,785 37,082 1,704 4.6
Cash, central banks and credit institutions 8,725 8,769 (44) (0.5)
Debt instruments 9,026 11,782 (2,756) (23.4)
Other financial assets 1,453 1,530 (77) (5.0)
Other asset accounts 1,382 1,659 (277) (16.7)
Total assets 59,371 60,822 (1,451) (2.4)
Customer deposits 41,452 40,038 1,414 3.5
Central banks and credit institutions 9,490 11,584 (2,094) (18.1)
Marketable debt securities 2,483 3,268 (785) (24.0)
Other financial liabilities 219 256 (37) (14.6)
Other liabilities accounts 1,693 1,784 (91) (5.1)
Total liabilities 55,336 56,930 (1,594) (2.8)
Total equity 4,035 3,892 142 3.7
Memorandum items:
Gross loans and advances to customers ** 39,850 38,097 1,753 4.6
Customer funds 45,392 42,922 2,470 5.8
Customer deposits *** 41,452 40,038 1,414 3.5
Mutual funds 3,940 2,884 1,056 36.6
Ratios (%), operating means and customers
Underlying RoTE 11.92 8.52 3.40 p.
Efficiency ratio 39.6 44.3 (4.7 p.)
NPL ratio 3.71 4.43 (0.72 p.)
Coverage ratio 73.0 60.9 12.1 p.
Number of employees 6,049 6,506 (457) (7.0)
Number of branches 418 525 (107) (20.4)
Number of loyal customers (thousands) 834 783 51 6.5
Number of digital customers (thousands) 981 866 115 13.3
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Portugal
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 202 197 193 195 193 192
Net fee income 101 90 94 103 99 110
Gains (losses) on financial transactions * 56 35 15 6 147 6
Other operating income (9) (5) 10 13 (12) (5)
Total income 350 317 312 317 427 303
Administrative expenses and amortisations (151) (145) (146) (149) (146) (143)
Net operating income 199 172 166 168 281 160
Net loan-loss provisions (80) (24) (47) (42) (35) (35)
Other gains (losses) and provisions (21) (16) 1 7 (13) (11)
Profit before tax 98 132 120 133 234 114
Tax on profit (30) (41) (37) (38) (72) (35)
Profit from continuing operations 68 92 83 95 161 78
Net profit from discontinued operations - - - - - -
Consolidated profit 68 92 83 95 161 78
Non-controlling interests (0) (0) (0) (0) (0) (0)
Underlying attributable profit to the parent 68 92 83 95 161 78
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 36,291 37,082 37,604 38,058 38,246 38,785
Cash, central banks and credit institutions 5,138 8,769 6,803 5,819 7,625 8,725
Debt instruments 11,346 11,782 11,673 11,569 9,321 9,026
Other financial assets 1,552 1,530 1,491 1,487 1,465 1,453
Other asset accounts 1,684 1,659 1,732 1,475 1,488 1,382
Total assets 56,011 60,822 59,302 58,408 58,145 59,371
Customer deposits 38,882 40,038 40,179 39,881 40,073 41,452
Central banks and credit institutions 7,974 11,584 9,734 9,974 9,591 9,490
Marketable debt securities 3,337 3,268 3,274 2,520 2,500 2,483
Other financial liabilities 301 256 265 249 211 219
Other liabilities accounts 1,666 1,784 1,820 1,643 1,768 1,693
Total liabilities 52,160 56,930 55,272 54,267 54,143 55,336
Total equity 3,851 3,892 4,031 4,141 4,002 4,035
Memorandum items:
Gross loans and advances to customers ** 37,286 38,097 38,646 39,054 39,274 39,850
Customer funds 41,583 42,922 43,160 43,133 43,678 45,392
Customer deposits *** 38,882 40,038 40,179 39,881 40,073 41,452
Mutual funds 2,700 2,884 2,982 3,252 3,605 3,940
Other information
NPL ratio 4.56 4.43 4.25 3.89 3.84 3.71
Coverage ratio 59.0 60.9 64.3 66.5 69.2 73.0
Cost of credit 0.23 0.30 0.42 0.51 0.38 0.41
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Poland_EUR
Poland
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 490 547 (58) (10.5)
Net fee income 253 220 33 15.1
Gains (losses) on financial transactions * 41 30 12 39.2
Other operating income (10) (55) 45 (81.6)
Total income 774 742 32 4.3
Administrative expenses and amortisations (321) (315) (7) 2.1
Net operating income 453 428 25 5.9
Net loan-loss provisions (113) (184) 70 (38.3)
Other gains (losses) and provisions (198) (76) (122) 159.6
Profit before tax 141 167 (26) (15.7)
Tax on profit (67) (61) (5) 8.8
Profit from continuing operations 75 106 (32) (29.7)
Net profit from discontinued operations - - - -
Consolidated profit 75 106 (32) (29.7)
Non-controlling interests (20) (33) 13 (38.0)
Underlying attributable profit to the parent 54 73 (19) (26.0)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 28,891 29,186 (295) (1.0)
Cash, central banks and credit institutions 1,889 3,004 (1,116) (37.1)
Debt instruments 15,171 12,128 3,043 25.1
Other financial assets 778 511 267 52.1
Other asset accounts 1,287 1,367 (80) (5.8)
Total assets 48,016 46,197 1,819 3.9
Customer deposits 36,015 34,317 1,698 4.9
Central banks and credit institutions 2,276 2,897 (620) (21.4)
Marketable debt securities 2,464 2,056 407 19.8
Other financial liabilities 844 680 165 24.2
Other liabilities accounts 1,240 1,182 58 4.9
Total liabilities 42,839 41,131 1,707 4.2
Total equity 5,177 5,065 112 2.2
Memorandum items:
Gross loans and advances to customers ** 29,884 30,151 (267) (0.9)
Customer funds 40,764 37,623 3,141 8.3
Customer deposits *** 36,015 34,303 1,712 5.0
Mutual funds 4,749 3,320 1,429 43.0
Ratios (%), operating means and customers
Underlying RoTE 3.33 4.63 (1.30 p.)
Efficiency ratio 41.5 42.4 (0.9 p.)
NPL ratio 4.58 4.57 0.01 p.
Coverage ratio 72.4 69.0 3.4 p.
Number of employees 9,932 10,968 (1,036) (9.4)
Number of branches 471 529 (58) (11.0)
Number of loyal customers (thousands) 2,166 2,026 140 6.9
Number of digital customers (thousands) 2,850 2,635 214 8.1
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Poland
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 296 251 246 243 240 250
Net fee income 116 104 112 120 127 126
Gains (losses) on financial transactions * 8 21 35 26 20 21
Other operating income (56) 1 1 (1) (30) 20
Total income 365 377 394 388 357 417
Administrative expenses and amortisations (172) (143) (161) (154) (158) (163)
Net operating income 193 235 233 234 199 254
Net loan-loss provisions (95) (89) (65) (81) (68) (45)
Other gains (losses) and provisions (36) (40) (32) (87) (72) (126)
Profit before tax 62 105 136 66 58 83
Tax on profit (30) (31) (36) (32) (33) (34)
Profit from continuing operations 32 74 100 34 26 49
Net profit from discontinued operations - - - - - -
Consolidated profit 32 74 100 34 26 49
Non-controlling interests (10) (23) (32) (13) (5) (15)
Underlying attributable profit to the parent 23 51 68 20 21 34
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 29,194 29,186 28,217 28,025 28,199 28,891
Cash, central banks and credit institutions 3,547 3,004 1,956 2,539 3,714 1,889
Debt instruments 8,574 12,128 13,273 14,006 14,125 15,171
Other financial assets 741 511 537 980 994 778
Other asset accounts 1,334 1,367 1,397 1,341 1,320 1,287
Total assets 43,391 46,197 45,381 46,890 48,351 48,016
Customer deposits 31,687 34,317 33,952 34,868 36,266 36,015
Central banks and credit institutions 2,464 2,897 2,600 2,613 2,597 2,276
Marketable debt securities 2,360 2,056 1,958 2,110 2,315 2,464
Other financial liabilities 826 680 653 993 927 844
Other liabilities accounts 1,217 1,182 1,138 1,232 1,180 1,240
Total liabilities 38,554 41,131 40,301 41,816 43,285 42,839
Total equity 4,837 5,065 5,079 5,074 5,066 5,177
Memorandum items:
Gross loans and advances to customers ** 30,076 30,151 29,205 29,055 29,235 29,884
Customer funds 34,661 37,623 37,606 38,889 40,654 40,764
Customer deposits *** 31,673 34,303 33,952 34,865 36,266 36,015
Mutual funds 2,988 3,320 3,653 4,023 4,387 4,749
Other information
NPL ratio 4.29 4.57 4.58 4.74 4.82 4.58
Coverage ratio 68.1 69.0 70.8 70.7 70.3 72.4
Cost of credit 0.88 0.96 0.99 1.10 1.02 0.88
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Poland_EUR-KTES
Poland
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 490 532 (42) (7.9)
Net fee income 253 214 39 18.4
Gains (losses) on financial transactions * 41 29 12 43.2
Other operating income (10) (53) 43 (81.0)
Total income 774 721 53 7.3
Administrative expenses and amortisations (321) (306) (16) 5.1
Net operating income 453 416 37 8.9
Net loan-loss provisions (113) (179) 65 (36.6)
Other gains (losses) and provisions (198) (74) (124) 167.1
Profit before tax 141 163 (22) (13.2)
Tax on profit (67) (59) (7) 11.9
Profit from continuing operations 75 103 (29) (27.7)
Net profit from discontinued operations - - - -
Consolidated profit 75 103 (29) (27.7)
Non-controlling interests (20) (32) 12 (36.2)
Underlying attributable profit to the parent 54 71 (17) (23.9)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 28,891 28,701 191 0.7
Cash, central banks and credit institutions 1,889 2,954 (1,066) (36.1)
Debt instruments 15,171 11,926 3,245 27.2
Other financial assets 778 503 275 54.7
Other asset accounts 1,287 1,344 (57) (4.2)
Total assets 48,016 45,428 2,588 5.7
Customer deposits 36,015 33,746 2,269 6.7
Central banks and credit institutions 2,276 2,848 (572) (20.1)
Marketable debt securities 2,464 2,022 442 21.8
Other financial liabilities 844 668 176 26.3
Other liabilities accounts 1,240 1,163 77 6.7
Total liabilities 42,839 40,447 2,392 5.9
Total equity 5,177 4,981 196 3.9
Memorandum items:
Gross loans and advances to customers ** 29,884 29,650 234 0.8
Customer funds 40,764 36,997 3,767 10.2
Customer deposits *** 36,015 33,733 2,282 6.8
Mutual funds 4,749 3,265 1,484 45.5
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Poland
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 282 250 241 242 240 249
Net fee income 111 103 110 119 127 126
Gains (losses) on financial transactions * 8 21 34 25 20 21
Other operating income (53) 0 1 (1) (30) 20
Total income 347 374 386 385 357 417
Administrative expenses and amortisations (163) (142) (157) (153) (158) (163)
Net operating income 184 232 228 232 199 254
Net loan-loss provisions (91) (88) (64) (80) (68) (45)
Other gains (losses) and provisions (34) (40) (31) (86) (72) (126)
Profit before tax 59 104 133 66 58 83
Tax on profit (28) (31) (35) (32) (33) (34)
Profit from continuing operations 31 73 98 34 26 49
Net profit from discontinued operations - - - - - -
Consolidated profit 31 73 98 34 26 49
Non-controlling interests (9) (23) (31) (13) (5) (15)
Underlying attributable profit to the parent 22 50 67 21 21 34
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 29,400 28,701 28,289 28,276 28,919 28,891
Cash, central banks and credit institutions 3,572 2,954 1,961 2,562 3,809 1,889
Debt instruments 8,635 11,926 13,307 14,131 14,486 15,171
Other financial assets 746 503 539 989 1,019 778
Other asset accounts 1,344 1,344 1,401 1,353 1,353 1,287
Total assets 43,696 45,428 45,497 47,310 49,587 48,016
Customer deposits 31,910 33,746 34,040 35,180 37,193 36,015
Central banks and credit institutions 2,482 2,848 2,607 2,637 2,663 2,276
Marketable debt securities 2,377 2,022 1,963 2,129 2,374 2,464
Other financial liabilities 832 668 654 1,002 951 844
Other liabilities accounts 1,226 1,163 1,141 1,243 1,210 1,240
Total liabilities 38,825 40,447 40,405 42,191 44,392 42,839
Total equity 4,871 4,981 5,092 5,119 5,195 5,177
Memorandum items:
Gross loans and advances to customers ** 30,287 29,650 29,280 29,315 29,983 29,884
Customer funds 34,905 36,997 37,702 39,237 41,693 40,764
Customer deposits *** 31,896 33,733 34,040 35,178 37,193 36,015
Mutual funds 3,009 3,265 3,663 4,059 4,500 4,749
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Poland_PLN
Poland
PLN million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 2,221 2,413 (192) (7.9)
Net fee income 1,149 970 179 18.4
Gains (losses) on financial transactions * 187 130 56 43.2
Other operating income (46) (241) 196 (81.0)
Total income 3,511 3,272 239 7.3
Administrative expenses and amortisations (1,457) (1,387) (71) 5.1
Net operating income 2,054 1,886 168 8.9
Net loan-loss provisions (514) (810) 296 (36.6)
Other gains (losses) and provisions (899) (337) (562) 167.1
Profit before tax 641 738 (98) (13.2)
Tax on profit (302) (270) (32) 11.9
Profit from continuing operations 339 469 (130) (27.7)
Net profit from discontinued operations - - - -
Consolidated profit 339 469 (130) (27.7)
Non-controlling interests (93) (145) 53 (36.2)
Underlying attributable profit to the parent 246 323 (77) (23.9)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 130,554 129,693 861 0.7
Cash, central banks and credit institutions 8,535 13,351 (4,816) (36.1)
Debt instruments 68,555 53,893 14,662 27.2
Other financial assets 3,515 2,272 1,243 54.7
Other asset accounts 5,815 6,073 (257) (4.2)
Total assets 216,975 205,282 11,693 5.7
Customer deposits 162,743 152,491 10,252 6.7
Central banks and credit institutions 10,285 12,871 (2,586) (20.1)
Marketable debt securities 11,132 9,136 1,996 21.8
Other financial liabilities 3,815 3,020 795 26.3
Other liabilities accounts 5,604 5,254 350 6.7
Total liabilities 193,579 182,773 10,807 5.9
Total equity 23,395 22,509 886 3.9
Memorandum items:
Gross loans and advances to customers ** 135,039 133,981 1,058 0.8
Customer funds 184,205 167,184 17,021 10.2
Customer deposits *** 162,743 152,431 10,312 6.8
Mutual funds 21,461 14,753 6,708 45.5
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Poland
PLN million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 1,279 1,134 1,095 1,096 1,090 1,131
Net fee income 503 467 498 541 576 573
Gains (losses) on financial transactions * 36 94 153 115 91 95
Other operating income (242) 1 3 (6) (137) 91
Total income 1,576 1,696 1,749 1,746 1,621 1,891
Administrative expenses and amortisations (742) (645) (714) (694) (718) (739)
Net operating income 834 1,051 1,036 1,052 902 1,151
Net loan-loss provisions (411) (399) (291) (363) (309) (205)
Other gains (losses) and provisions (155) (181) (141) (390) (329) (570)
Profit before tax 268 470 603 300 265 376
Tax on profit (128) (141) (161) (146) (148) (154)
Profit from continuing operations 140 329 442 154 116 223
Net profit from discontinued operations - - - - - -
Consolidated profit 140 329 442 154 116 223
Non-controlling interests (42) (104) (140) (60) (23) (70)
Underlying attributable profit to the parent 98 225 302 93 93 153
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 132,851 129,693 127,834 127,772 130,681 130,554
Cash, central banks and credit institutions 16,141 13,351 8,862 11,577 17,210 8,535
Debt instruments 39,018 53,893 60,132 63,855 65,461 68,555
Other financial assets 3,372 2,272 2,435 4,469 4,606 3,515
Other asset accounts 6,072 6,073 6,330 6,112 6,115 5,815
Total assets 197,454 205,282 205,592 213,786 224,074 216,975
Customer deposits 144,193 152,491 153,818 158,972 168,069 162,743
Central banks and credit institutions 11,213 12,871 11,780 11,915 12,034 10,285
Marketable debt securities 10,739 9,136 8,871 9,621 10,729 11,132
Other financial liabilities 3,759 3,020 2,957 4,527 4,296 3,815
Other liabilities accounts 5,539 5,254 5,155 5,617 5,470 5,604
Total liabilities 175,444 182,773 182,582 190,653 200,597 193,579
Total equity 22,010 22,509 23,010 23,133 23,477 23,395
Memorandum items:
Gross loans and advances to customers ** 136,863 133,981 132,311 132,470 135,486 135,039
Customer funds 157,729 167,184 170,370 177,304 188,402 184,205
Customer deposits *** 144,133 152,431 153,818 158,961 168,069 162,743
Mutual funds 13,596 14,753 16,552 18,343 20,333 21,461
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other_Europe_EUR
Other Europe
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 387 289 98 33.9
Net fee income 253 198 55 27.9
Gains (losses) on financial transactions * 34 (157) 191 -
Other operating income 113 129 (15) (11.8)
Total income 787 458 329 71.9
Administrative expenses and amortisations (515) (445) (70) 15.8
Net operating income 272 13 259 -
Net loan-loss provisions (146) (51) (95) 184.5
Other gains (losses) and provisions (3) (13) 10 (76.2)
Profit before tax 122 (52) 174 -
Tax on profit (74) 27 (101) -
Profit from continuing operations 48 (25) 73 -
Net profit from discontinued operations - - - -
Consolidated profit 48 (25) 73 -
Non-controlling interests 1 (1) 1 -
Underlying attributable profit to the parent 49 (26) 74 -
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 63,273 61,350 1,923 3.1
Cash, central banks and credit institutions 41,828 80,178 (38,351) (47.8)
Debt instruments 26,119 20,467 5,652 27.6
Other financial assets 43,755 49,036 (5,281) (10.8)
Other asset accounts 4,870 4,529 341 7.5
Total assets 179,845 215,560 (35,716) (16.6)
Customer deposits 25,078 24,095 983 4.1
Central banks and credit institutions 104,644 131,688 (27,045) (20.5)
Marketable debt securities 2,905 1,250 1,655 132.4
Other financial liabilities 40,313 53,810 (13,497) (25.1)
Other liabilities accounts 1,489 666 823 123.5
Total liabilities 174,429 211,510 (37,081) (17.5)
Total equity 5,416 4,050 1,365 33.7
Memorandum items:
Gross loans and advances to customers ** 50,818 44,435 6,383 14.4
Customer funds 29,949 28,529 1,420 5.0
Customer deposits *** 20,779 22,445 (1,666) (7.4)
Mutual funds 9,170 6,084 3,086 50.7
Operating data
Number of employees 3,766 2,864 902 31.5
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other Europe
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 134 155 155 182 192 195
Net fee income 78 120 78 75 138 115
Gains (losses) on financial transactions * (62) (95) 72 (8) 96 (62)
Other operating income 57 72 37 40 43 70
Total income 207 251 343 290 469 318
Administrative expenses and amortisations (222) (223) (226) (238) (249) (267)
Net operating income (15) 28 116 52 221 51
Net loan-loss provisions (23) (29) 5 (97) (26) (121)
Other gains (losses) and provisions (4) (9) (4) (12) (6) 2
Profit before tax (42) (10) 117 (58) 189 (67)
Tax on profit 1 26 (36) 6 (84) 9
Profit from continuing operations (40) 15 81 (52) 106 (58)
Net profit from discontinued operations - - (0) 0 - -
Consolidated profit (40) 15 81 (52) 106 (58)
Non-controlling interests 0 (1) (0) 1 3 (2)
Underlying attributable profit to the parent (40) 14 81 (51) 108 (60)
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 61,235 61,350 56,448 53,483 62,584 63,273
Cash, central banks and credit institutions 52,832 80,178 49,174 37,241 42,706 41,828
Debt instruments 18,091 20,467 22,435 22,516 25,224 26,119
Other financial assets 56,014 49,036 46,683 42,463 42,068 43,755
Other asset accounts 3,265 4,529 4,410 2,462 4,296 4,870
Total assets 191,437 215,560 179,150 158,165 176,877 179,845
Customer deposits 21,390 24,095 24,252 24,307 29,774 25,078
Central banks and credit institutions 108,799 131,688 99,759 85,535 97,914 104,644
Marketable debt securities (185) 1,250 2,022 2,353 3,431 2,905
Other financial liabilities 57,851 53,810 48,513 41,732 38,921 40,313
Other liabilities accounts 237 666 670 294 1,641 1,489
Total liabilities 188,093 211,510 175,215 154,221 171,682 174,429
Total equity 3,343 4,050 3,935 3,944 5,195 5,416
Memorandum items:
Gross loans and advances to customers ** 46,667 44,435 41,659 43,818 48,173 50,818
Customer funds 25,597 28,529 29,195 30,786 32,460 29,949
Customer deposits *** 20,530 22,445 22,142 22,526 22,935 20,779
Mutual funds 5,067 6,084 7,053 8,260 9,526 9,170
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other_Europe_EUR-KTES
Other Europe
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 387 284 103 36.4
Net fee income 253 193 60 30.9
Gains (losses) on financial transactions * 34 (161) 195 -
Other operating income 113 130 (16) (12.7)
Total income 787 445 342 76.7
Administrative expenses and amortisations (515) (437) (78) 17.9
Net operating income 272 9 264 -
Net loan-loss provisions (146) (52) (95) 182.9
Other gains (losses) and provisions (3) (12) 9 (73.0)
Profit before tax 122 (55) 177 -
Tax on profit (74) 27 (102) -
Profit from continuing operations 48 (28) 76 -
Net profit from discontinued operations - - - -
Consolidated profit 48 (28) 76 -
Non-controlling interests 1 (1) 1 -
Underlying attributable profit to the parent 49 (29) 77 -
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 63,273 60,783 2,490 4.1
Cash, central banks and credit institutions 41,828 79,901 (38,073) (47.7)
Debt instruments 26,119 20,441 5,677 27.8
Other financial assets 43,755 49,016 (5,261) (10.7)
Other asset accounts 4,870 4,459 411 9.2
Total assets 179,845 214,600 (34,755) (16.2)
Customer deposits 25,078 23,964 1,114 4.6
Central banks and credit institutions 104,644 130,945 (26,301) (20.1)
Marketable debt securities 2,905 1,250 1,655 132.4
Other financial liabilities 40,313 53,787 (13,474) (25.1)
Other liabilities accounts 1,489 665 824 123.9
Total liabilities 174,429 210,611 (36,182) (17.2)
Total equity 5,416 3,989 1,427 35.8
Memorandum items:
Gross loans and advances to customers ** 50,818 43,868 6,950 15.8
Customer funds 29,949 28,398 1,551 5.5
Customer deposits *** 20,779 22,314 (1,535) (6.9)
Mutual funds 9,170 6,084 3,086 50.7
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other Europe
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 133 151 155 182 192 195
Net fee income 75 118 78 75 138 114
Gains (losses) on financial transactions * (64) (98) 73 (8) 95 (61)
Other operating income 57 72 36 40 44 70
Total income 202 244 342 289 469 318
Administrative expenses and amortisations (218) (219) (225) (237) (250) (266)
Net operating income (16) 25 117 52 219 53
Net loan-loss provisions (22) (30) 6 (97) (26) (120)
Other gains (losses) and provisions (5) (7) (6) (12) (4) 0
Profit before tax (43) (12) 117 (57) 190 (67)
Tax on profit 2 25 (36) 5 (85) 10
Profit from continuing operations (41) 13 81 (51) 105 (57)
Net profit from discontinued operations - - - - - -
Consolidated profit (41) 13 81 (51) 105 (57)
Non-controlling interests (1) 0 0 1 3 (2)
Underlying attributable profit to the parent (42) 14 81 (50) 108 (59)
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 60,365 60,783 56,352 53,801 62,471 63,273
Cash, central banks and credit institutions 52,508 79,901 49,132 37,402 42,642 41,828
Debt instruments 18,091 20,441 22,428 22,516 25,217 26,119
Other financial assets 55,968 49,016 46,678 42,484 42,061 43,755
Other asset accounts 3,154 4,459 4,398 2,505 4,283 4,870
Total assets 190,087 214,600 178,987 158,708 176,674 179,845
Customer deposits 21,220 23,964 24,230 24,382 29,749 25,078
Central banks and credit institutions 107,760 130,945 99,635 85,943 97,757 104,644
Marketable debt securities (185) 1,250 2,022 2,353 3,431 2,905
Other financial liabilities 57,804 53,787 48,507 41,754 38,915 40,313
Other liabilities accounts 236 665 669 295 1,641 1,489
Total liabilities 186,835 210,611 175,063 154,726 171,493 174,429
Total equity 3,252 3,989 3,924 3,982 5,182 5,416
Memorandum items:
Gross loans and advances to customers ** 45,797 43,868 41,563 44,136 48,060 50,818
Customer funds 25,426 28,398 29,173 30,860 32,435 29,949
Customer deposits *** 20,360 22,314 22,120 22,600 22,909 20,779
Mutual funds 5,067 6,084 7,053 8,260 9,526 9,170
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
North_America_EUR
North America
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 4,015 4,339 (324) (7.5)
Net fee income 861 869 (8) (1.0)
Gains (losses) on financial transactions * 130 206 (76) (36.9)
Other operating income 482 237 245 103.4
Total income 5,487 5,651 (164) (2.9)
Administrative expenses and amortisations (2,343) (2,353) 10 (0.4)
Net operating income 3,145 3,299 (154) (4.7)
Net loan-loss provisions (588) (2,368) 1,780 (75.2)
Other gains (losses) and provisions (12) (52) 40 (76.8)
Profit before tax 2,545 878 1,666 189.7
Tax on profit (621) (172) (449) 260.3
Profit from continuing operations 1,924 706 1,217 172.4
Net profit from discontinued operations - - - -
Consolidated profit 1,924 706 1,217 172.4
Non-controlling interests (296) (90) (205) 227.1
Underlying attributable profit to the parent 1,628 616 1,012 164.4
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 126,360 133,325 (6,965) (5.2)
Cash, central banks and credit institutions 37,075 31,001 6,074 19.6
Debt instruments 35,512 37,368 (1,857) (5.0)
Other financial assets 10,863 20,281 (9,418) (46.4)
Other asset accounts 20,952 22,051 (1,099) (5.0)
Total assets 230,762 244,026 (13,264) (5.4)
Customer deposits 115,106 113,468 1,638 1.4
Central banks and credit institutions 30,638 35,505 (4,867) (13.7)
Marketable debt securities 38,288 43,231 (4,943) (11.4)
Other financial liabilities 14,205 21,417 (7,212) (33.7)
Other liabilities accounts 6,014 6,594 (580) (8.8)
Total liabilities 204,250 220,214 (15,963) (7.2)
Total equity 26,512 23,812 2,700 11.3
Memorandum items:
Gross loans and advances to customers ** 125,635 131,163 (5,528) (4.2)
Customer funds 130,087 124,818 5,268 4.2
Customer deposits *** 105,171 104,743 428 0.4
Mutual funds 24,916 20,075 4,841 24.1
Ratios (%), operating means and customers
Underlying RoTE 14.64 5.83 8.81 p.
Efficiency ratio 42.7 41.6 1.1 p.
NPL ratio 2.28 1.73 0.56 p.
Coverage ratio 152.3 206.5 (54.2 p.)
Number of employees 41,670 38,377 3,293 8.6
Number of branches 1,920 2,043 (123) (6.0)
Number of loyal customers (thousands) 4,089 3,681 408 11.1
Number of digital customers (thousands) 6,303 5,752 550 9.6
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
North America
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 2,261 2,079 2,076 2,055 2,005 2,010
Net fee income 464 405 413 402 451 410
Gains (losses) on financial transactions * 68 138 33 12 98 32
Other operating income 148 89 162 231 215 267
Total income 2,941 2,711 2,683 2,699 2,768 2,719
Administrative expenses and amortisations (1,230) (1,123) (1,109) (1,215) (1,149) (1,194)
Net operating income 1,711 1,587 1,574 1,484 1,620 1,525
Net loan-loss provisions (1,246) (1,123) (775) (773) (393) (195)
Other gains (losses) and provisions (14) (38) (24) (57) (20) 8
Profit before tax 452 427 774 654 1,207 1,338
Tax on profit (114) (58) (246) (155) (297) (324)
Profit from continuing operations 337 369 528 500 910 1,014
Net profit from discontinued operations - - - - - -
Consolidated profit 337 369 528 500 910 1,014
Non-controlling interests (56) (35) (89) (83) (137) (159)
Underlying attributable profit to the parent 282 334 439 417 773 854
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 135,468 133,325 122,771 120,571 122,702 126,360
Cash, central banks and credit institutions 33,241 31,001 28,506 28,666 31,414 37,075
Debt instruments 30,265 37,368 36,724 38,402 38,692 35,512
Other financial assets 18,218 20,281 17,416 15,439 12,075 10,863
Other asset accounts 23,240 22,051 21,029 20,718 21,733 20,952
Total assets 240,432 244,026 226,446 223,797 226,617 230,762
Customer deposits 117,783 113,468 108,247 102,924 120,090 115,106
Central banks and credit institutions 30,965 35,505 29,682 38,017 22,942 30,638
Marketable debt securities 42,024 43,231 39,946 36,583 38,189 38,288
Other financial liabilities 19,578 21,417 18,586 16,182 13,762 14,205
Other liabilities accounts 6,670 6,594 6,390 6,029 5,881 6,014
Total liabilities 217,021 220,214 202,851 199,735 200,863 204,250
Total equity 23,411 23,812 23,595 24,062 25,754 26,512
Memorandum items:
Gross loans and advances to customers ** 131,922 131,163 122,647 120,665 122,862 125,635
Customer funds 119,997 124,818 117,312 117,548 127,263 130,087
Customer deposits *** 101,401 104,743 96,720 96,315 104,581 105,171
Mutual funds 18,596 20,075 20,592 21,233 22,683 24,916
Other information
NPL ratio 2.02 1.73 1.96 2.23 2.39 2.28
Coverage ratio 170.1 206.5 201.6 182.6 153.4 152.3
Cost of credit 3.02 3.21 3.07 2.92 2.34 1.67
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
North_America_EUR-KTES
North America
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 4,015 4,049 (34) (0.8)
Net fee income 861 818 43 5.3
Gains (losses) on financial transactions * 130 195 (65) (33.2)
Other operating income 482 214 267 124.8
Total income 5,487 5,276 211 4.0
Administrative expenses and amortisations (2,343) (2,195) (148) 6.7
Net operating income 3,145 3,081 64 2.1
Net loan-loss provisions (588) (2,197) 1,609 (73.2)
Other gains (losses) and provisions (12) (48) 36 (75.1)
Profit before tax 2,545 835 1,709 204.6
Tax on profit (621) (165) (456) 275.9
Profit from continuing operations 1,924 670 1,253 187.0
Net profit from discontinued operations - - - -
Consolidated profit 1,924 670 1,253 187.0
Non-controlling interests (296) (85) (211) 250.1
Underlying attributable profit to the parent 1,628 586 1,042 177.9
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 126,360 131,158 (4,798) (3.7)
Cash, central banks and credit institutions 37,075 31,198 5,877 18.8
Debt instruments 35,512 38,700 (3,188) (8.2)
Other financial assets 10,863 21,332 (10,469) (49.1)
Other asset accounts 20,952 21,406 (454) (2.1)
Total assets 230,762 243,794 (13,032) (5.3)
Customer deposits 115,106 113,064 2,042 1.8
Central banks and credit institutions 30,638 35,892 (5,255) (14.6)
Marketable debt securities 38,288 42,133 (3,845) (9.1)
Other financial liabilities 14,205 22,570 (8,365) (37.1)
Other liabilities accounts 6,014 6,659 (645) (9.7)
Total liabilities 204,250 220,318 (16,068) (7.3)
Total equity 26,512 23,476 3,036 12.9
Memorandum items:
Gross loans and advances to customers ** 125,635 129,070 (3,435) (2.7)
Customer funds 130,087 124,225 5,862 4.7
Customer deposits *** 105,171 103,723 1,448 1.4
Mutual funds 24,916 20,502 4,414 21.5
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
North America
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 2,057 1,993 2,076 2,047 2,009 2,006
Net fee income 422 396 419 401 453 408
Gains (losses) on financial transactions * 62 133 37 13 98 32
Other operating income 136 78 152 224 214 267
Total income 2,677 2,599 2,685 2,686 2,775 2,713
Administrative expenses and amortisations (1,119) (1,075) (1,112) (1,208) (1,151) (1,191)
Net operating income 1,557 1,524 1,573 1,477 1,623 1,522
Net loan-loss provisions (1,136) (1,062) (786) (777) (395) (193)
Other gains (losses) and provisions (13) (36) (24) (55) (20) 8
Profit before tax 409 427 762 645 1,208 1,336
Tax on profit (103) (62) (239) (153) (297) (324)
Profit from continuing operations 305 365 523 492 911 1,012
Net profit from discontinued operations - - - - - -
Consolidated profit 305 365 523 492 911 1,012
Non-controlling interests (51) (34) (86) (81) (137) (159)
Underlying attributable profit to the parent 255 331 438 411 775 853
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 130,882 131,158 124,780 124,779 122,293 126,360
Cash, central banks and credit institutions 33,205 31,198 29,527 29,667 31,367 37,075
Debt instruments 30,618 38,700 38,824 39,765 38,932 35,512
Other financial assets 18,862 21,332 18,612 15,986 12,181 10,863
Other asset accounts 22,083 21,406 21,166 21,432 21,613 20,952
Total assets 235,649 243,794 232,909 231,630 226,386 230,762
Customer deposits 115,137 113,064 111,058 106,531 119,855 115,106
Central banks and credit institutions 30,994 35,892 30,940 39,354 23,094 30,638
Marketable debt securities 39,923 42,133 40,377 37,857 37,982 38,288
Other financial liabilities 20,348 22,570 19,905 16,758 13,893 14,205
Other liabilities accounts 6,609 6,659 6,608 6,240 5,885 6,014
Total liabilities 213,011 220,318 208,887 206,740 200,709 204,250
Total equity 22,639 23,476 24,021 24,891 25,676 26,512
Memorandum items:
Gross loans and advances to customers ** 127,582 129,070 124,755 124,877 122,466 125,635
Customer funds 117,882 124,225 120,355 121,668 127,098 130,087
Customer deposits *** 98,970 103,723 98,851 99,686 104,342 105,171
Mutual funds 18,912 20,502 21,504 21,982 22,756 24,916
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
USA_EUR
United States
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 2,663 2,891 (227) (7.9)
Net fee income 432 465 (32) (7.0)
Gains (losses) on financial transactions * 90 96 (6) (6.4)
Other operating income 551 278 273 98.4
Total income 3,737 3,730 7 0.2
Administrative expenses and amortisations (1,531) (1,585) 54 (3.4)
Net operating income 2,206 2,144 61 2.9
Net loan-loss provisions (156) (1,804) 1,648 (91.3)
Other gains (losses) and provisions 0 (36) 36 -
Profit before tax 2,050 305 1,745 572.8
Tax on profit (493) (36) (458) -
Profit from continuing operations 1,556 269 1,287 478.3
Net profit from discontinued operations - - - -
Consolidated profit 1,556 269 1,287 478.3
Non-controlling interests (266) (58) (207) 356.4
Underlying attributable profit to the parent 1,291 211 1,080 511.9
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 93,724 102,743 (9,019) (8.8)
Cash, central banks and credit institutions 25,444 19,221 6,222 32.4
Debt instruments 15,922 16,002 (80) (0.5)
Other financial assets 3,576 6,476 (2,900) (44.8)
Other asset accounts 17,257 18,749 (1,492) (8.0)
Total assets 155,923 163,192 (7,269) (4.5)
Customer deposits 79,384 77,938 1,445 1.9
Central banks and credit institutions 17,363 20,991 (3,628) (17.3)
Marketable debt securities 32,123 35,927 (3,804) (10.6)
Other financial liabilities 3,898 6,586 (2,687) (40.8)
Other liabilities accounts 3,880 3,930 (50) (1.3)
Total liabilities 136,648 145,371 (8,723) (6.0)
Total equity 19,275 17,821 1,454 8.2
Memorandum items:
Gross loans and advances to customers ** 93,519 100,826 (7,307) (7.2)
Customer funds 87,206 86,719 488 0.6
Customer deposits *** 74,058 76,213 (2,155) (2.8)
Mutual funds 13,148 10,506 2,643 25.2
Ratios (%), operating means and customers
Underlying RoTE 15.89 2.68 13.22 p.
Efficiency ratio 41.0 42.5 (1.5 p.)
NPL ratio 2.00 1.49 0.51 p.
Coverage ratio 185.7 253.1 (67.4 p.)
Number of employees 15,610 17,299 (1,689) (9.8)
Number of branches 544 614 (70) (11.4)
Number of loyal customers (thousands) 378 368 9 2.6
Number of digital customers (thousands) 1,026 1,052 (27) (2.5)
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
United States
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 1,462 1,429 1,406 1,348 1,337 1,326
Net fee income 250 215 218 206 241 191
Gains (losses) on financial transactions * 46 50 12 10 70 20
Other operating income 170 108 194 237 254 298
Total income 1,929 1,801 1,830 1,801 1,902 1,835
Administrative expenses and amortisations (809) (776) (722) (772) (748) (783)
Net operating income 1,120 1,024 1,108 1,029 1,154 1,052
Net loan-loss provisions (972) (832) (572) (561) (165) 9
Other gains (losses) and provisions (6) (30) (20) (37) (15) 15
Profit before tax 141 163 515 431 974 1,076
Tax on profit (42) 7 (182) (101) (235) (259)
Profit from continuing operations 99 170 333 330 739 817
Net profit from discontinued operations - - - - - -
Consolidated profit 99 170 333 330 739 817
Non-controlling interests (38) (20) (74) (69) (122) (143)
Underlying attributable profit to the parent 60 151 259 260 616 674
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 104,561 102,743 93,850 90,992 91,777 93,724
Cash, central banks and credit institutions 19,765 19,221 16,680 16,614 21,214 25,444
Debt instruments 15,959 16,002 14,479 14,084 15,154 15,922
Other financial assets 7,249 6,476 4,988 4,381 3,584 3,576
Other asset accounts 19,897 18,749 17,762 17,003 17,861 17,257
Total assets 167,431 163,192 147,760 143,074 149,590 155,923
Customer deposits 83,705 77,938 73,316 67,450 83,633 79,384
Central banks and credit institutions 18,105 20,991 15,665 20,989 8,583 17,363
Marketable debt securities 36,086 35,927 32,558 29,737 31,541 32,123
Other financial liabilities 7,402 6,586 5,002 4,329 3,681 3,898
Other liabilities accounts 4,254 3,930 3,846 3,369 3,475 3,880
Total liabilities 149,553 145,371 130,388 125,874 130,913 136,648
Total equity 17,878 17,821 17,373 17,200 18,677 19,275
Memorandum items:
Gross loans and advances to customers ** 101,146 100,826 92,836 90,459 91,408 93,519
Customer funds 82,155 86,719 79,492 76,972 85,512 87,206
Customer deposits *** 72,884 76,213 68,962 66,385 74,107 74,058
Mutual funds 9,271 10,506 10,529 10,586 11,405 13,148
Other information
NPL ratio 2.00 1.49 1.85 2.04 2.11 2.00
Coverage ratio 181.4 253.1 228.8 210.4 183.2 185.7
Cost of credit 3.13 3.30 3.08 2.86 2.12 1.34
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
USA_EUR-KTES
United States
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 2,663 2,643 20 0.8
Net fee income 432 425 7 1.7
Gains (losses) on financial transactions * 90 88 2 2.4
Other operating income 551 254 297 117.0
Total income 3,737 3,410 327 9.6
Administrative expenses and amortisations (1,531) (1,449) (82) 5.7
Net operating income 2,206 1,961 245 12.5
Net loan-loss provisions (156) (1,649) 1,493 (90.5)
Other gains (losses) and provisions 0 (33) 33 -
Profit before tax 2,050 279 1,771 635.9
Tax on profit (493) (32) (461) -
Profit from continuing operations 1,556 246 1,310 532.5
Net profit from discontinued operations - - - -
Consolidated profit 1,556 246 1,310 532.5
Non-controlling interests (266) (53) (212) 399.2
Underlying attributable profit to the parent 1,291 193 1,098 569.3
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 93,724 97,502 (3,778) (3.9)
Cash, central banks and credit institutions 25,444 18,241 7,202 39.5
Debt instruments 15,922 15,186 736 4.8
Other financial assets 3,576 6,146 (2,569) (41.8)
Other asset accounts 17,257 17,793 (536) (3.0)
Total assets 155,923 154,868 1,055 0.7
Customer deposits 79,384 73,963 5,421 7.3
Central banks and credit institutions 17,363 19,920 (2,557) (12.8)
Marketable debt securities 32,123 34,094 (1,971) (5.8)
Other financial liabilities 3,898 6,250 (2,351) (37.6)
Other liabilities accounts 3,880 3,729 151 4.0
Total liabilities 136,648 137,956 (1,308) (0.9)
Total equity 19,275 16,912 2,363 14.0
Memorandum items:
Gross loans and advances to customers ** 93,519 95,683 (2,164) (2.3)
Customer funds 87,206 82,295 4,911 6.0
Customer deposits *** 74,058 72,326 1,732 2.4
Mutual funds 13,148 9,970 3,179 31.9
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
United States
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 1,338 1,305 1,364 1,334 1,336 1,327
Net fee income 228 196 212 205 241 192
Gains (losses) on financial transactions * 42 45 13 11 70 20
Other operating income 156 98 186 230 254 298
Total income 1,764 1,645 1,775 1,780 1,901 1,836
Administrative expenses and amortisations (740) (709) (702) (762) (748) (784)
Net operating income 1,024 936 1,072 1,018 1,153 1,053
Net loan-loss provisions (890) (760) (567) (563) (165) 9
Other gains (losses) and provisions (6) (27) (20) (36) (15) 15
Profit before tax 129 149 486 419 973 1,076
Tax on profit (39) 6 (170) (98) (235) (259)
Profit from continuing operations 90 156 316 320 739 818
Net profit from discontinued operations - - - - - -
Consolidated profit 90 156 316 320 739 818
Non-controlling interests (35) (18) (70) (67) (122) (143)
Underlying attributable profit to the parent 55 138 246 253 616 674
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 96,583 97,502 92,948 94,133 90,852 93,724
Cash, central banks and credit institutions 18,257 18,241 16,520 17,188 21,001 25,444
Debt instruments 14,741 15,186 14,340 14,570 15,001 15,922
Other financial assets 6,696 6,146 4,940 4,532 3,548 3,576
Other asset accounts 18,378 17,793 17,591 17,590 17,681 17,257
Total assets 154,656 154,868 146,340 148,014 148,083 155,923
Customer deposits 77,319 73,963 72,611 69,778 82,791 79,384
Central banks and credit institutions 16,723 19,920 15,515 21,714 8,497 17,363
Marketable debt securities 33,333 34,094 32,246 30,763 31,223 32,123
Other financial liabilities 6,837 6,250 4,954 4,479 3,644 3,898
Other liabilities accounts 3,929 3,729 3,809 3,486 3,440 3,880
Total liabilities 138,142 137,956 129,134 130,220 129,594 136,648
Total equity 16,514 16,912 17,206 17,794 18,489 19,275
Memorandum items:
Gross loans and advances to customers ** 93,428 95,683 91,944 93,582 90,487 93,519
Customer funds 75,886 82,295 78,728 79,629 84,650 87,206
Customer deposits *** 67,323 72,326 68,299 68,677 73,360 74,058
Mutual funds 8,564 9,970 10,428 10,952 11,290 13,148
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
USA_USD
United States
USD million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 3,210 3,185 25 0.8
Net fee income 521 512 9 1.7
Gains (losses) on financial transactions * 108 106 3 2.4
Other operating income 665 306 358 117.0
Total income 4,503 4,109 394 9.6
Administrative expenses and amortisations (1,845) (1,747) (99) 5.7
Net operating income 2,658 2,363 295 12.5
Net loan-loss provisions (188) (1,988) 1,799 (90.5)
Other gains (losses) and provisions 0 (39) 39 -
Profit before tax 2,470 336 2,134 635.9
Tax on profit (595) (39) (555) -
Profit from continuing operations 1,875 296 1,579 532.5
Net profit from discontinued operations - - - -
Consolidated profit 1,875 296 1,579 532.5
Non-controlling interests (320) (64) (256) 399.2
Underlying attributable profit to the parent 1,555 232 1,323 569.3
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 111,166 115,647 (4,482) (3.9)
Cash, central banks and credit institutions 30,179 21,636 8,543 39.5
Debt instruments 18,885 18,012 873 4.8
Other financial assets 4,242 7,289 (3,047) (41.8)
Other asset accounts 20,469 21,104 (635) (3.0)
Total assets 184,940 183,689 1,251 0.7
Customer deposits 94,157 87,727 6,430 7.3
Central banks and credit institutions 20,594 23,627 (3,033) (12.8)
Marketable debt securities 38,101 40,439 (2,338) (5.8)
Other financial liabilities 4,624 7,413 (2,789) (37.6)
Other liabilities accounts 4,602 4,423 179 4.0
Total liabilities 162,078 163,629 (1,551) (0.9)
Total equity 22,862 20,059 2,802 14.0
Memorandum items:
Gross loans and advances to customers ** 110,922 113,489 (2,567) (2.3)
Customer funds 103,435 97,610 5,825 6.0
Customer deposits *** 87,840 85,785 2,055 2.4
Mutual funds 15,595 11,825 3,770 31.9
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
United States
USD million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 1,612 1,573 1,644 1,608 1,611 1,599
Net fee income 275 237 255 247 290 231
Gains (losses) on financial transactions * 51 55 15 13 84 24
Other operating income 188 118 225 278 306 359
Total income 2,126 1,983 2,139 2,145 2,290 2,213
Administrative expenses and amortisations (892) (855) (846) (918) (901) (945)
Net operating income 1,235 1,128 1,292 1,227 1,390 1,268
Net loan-loss provisions (1,072) (916) (683) (679) (199) 11
Other gains (losses) and provisions (7) (33) (24) (44) (18) 18
Profit before tax 156 180 586 504 1,173 1,297
Tax on profit (47) 8 (205) (119) (283) (312)
Profit from continuing operations 109 188 381 386 890 985
Net profit from discontinued operations - - - - - -
Consolidated profit 109 188 381 386 890 985
Non-controlling interests (42) (22) (84) (81) (147) (173)
Underlying attributable profit to the parent 66 166 296 305 743 813
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 114,557 115,647 110,246 111,652 107,759 111,166
Cash, central banks and credit institutions 21,655 21,636 19,594 20,387 24,909 30,179
Debt instruments 17,485 18,012 17,009 17,282 17,793 18,885
Other financial assets 7,942 7,289 5,860 5,376 4,208 4,242
Other asset accounts 21,799 21,104 20,865 20,863 20,971 20,469
Total assets 183,437 183,689 173,574 175,559 175,641 184,940
Customer deposits 91,708 87,727 86,124 82,764 98,198 94,157
Central banks and credit institutions 19,835 23,627 18,402 25,755 10,078 20,594
Marketable debt securities 39,536 40,439 38,246 36,488 37,033 38,101
Other financial liabilities 8,110 7,413 5,876 5,312 4,322 4,624
Other liabilities accounts 4,661 4,423 4,518 4,134 4,080 4,602
Total liabilities 163,850 163,629 153,166 154,454 153,711 162,078
Total equity 19,587 20,059 20,408 21,105 21,930 22,862
Memorandum items:
Gross loans and advances to customers ** 110,815 113,489 109,054 110,998 107,327 110,922
Customer funds 90,009 97,610 93,379 94,448 100,403 103,435
Customer deposits *** 79,851 85,785 81,010 81,458 87,012 87,840
Mutual funds 10,158 11,825 12,369 12,990 13,391 15,595
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Mexico_EUR
Mexico
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 1,352 1,448 (97) (6.7)
Net fee income 414 396 19 4.7
Gains (losses) on financial transactions * 40 110 (70) (63.9)
Other operating income (63) (42) (20) 48.6
Total income 1,743 1,912 (169) (8.8)
Administrative expenses and amortisations (752) (756) 4 (0.5)
Net operating income 991 1,156 (165) (14.3)
Net loan-loss provisions (432) (564) 132 (23.5)
Other gains (losses) and provisions (11) (14) 3 (19.1)
Profit before tax 548 578 (30) (5.2)
Tax on profit (130) (140) 9 (6.8)
Profit from continuing operations 417 438 (21) (4.7)
Net profit from discontinued operations - - - -
Consolidated profit 417 438 (21) (4.7)
Non-controlling interests (31) (32) 2 (5.6)
Underlying attributable profit to the parent 387 406 (19) (4.6)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 32,618 30,573 2,045 6.7
Cash, central banks and credit institutions 11,418 11,714 (296) (2.5)
Debt instruments 19,590 21,363 (1,773) (8.3)
Other financial assets 7,285 13,733 (6,447) (46.9)
Other asset accounts 3,429 3,094 335 10.8
Total assets 74,340 80,476 (6,136) (7.6)
Customer deposits 35,712 35,518 194 0.5
Central banks and credit institutions 13,258 14,502 (1,244) (8.6)
Marketable debt securities 6,165 7,305 (1,139) (15.6)
Other financial liabilities 10,260 14,811 (4,551) (30.7)
Other liabilities accounts 2,111 2,648 (537) (20.3)
Total liabilities 67,507 74,784 (7,277) (9.7)
Total equity 6,834 5,693 1,141 20.0
Memorandum items:
Gross loans and advances to customers ** 32,097 30,329 1,769 5.8
Customer funds 42,870 38,088 4,782 12.6
Customer deposits *** 31,103 28,519 2,584 9.1
Mutual funds 11,767 9,570 2,198 23.0
Ratios (%), operating means and customers
Underlying RoTE 13.32 15.46 (2.14 p.)
Efficiency ratio 43.1 39.5 3.6 p.
NPL ratio 3.10 2.50 0.60 p.
Coverage ratio 90.6 114.9 (24.3 p.)
Number of employees 25,543 20,817 4,726 22.7
Number of branches 1,376 1,429 (53) (3.7)
Number of loyal customers (thousands) 3,712 3,313 399 12.0
Number of digital customers (thousands) 5,120 4,606 514 11.2
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Mexico
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 798 650 669 707 667 684
Net fee income 211 185 189 188 204 210
Gains (losses) on financial transactions * 22 89 21 2 28 12
Other operating income (24) (18) (31) (6) (34) (28)
Total income 1,007 905 848 891 865 878
Administrative expenses and amortisations (415) (341) (375) (422) (373) (379)
Net operating income 592 565 473 469 492 499
Net loan-loss provisions (273) (291) (203) (212) (228) (204)
Other gains (losses) and provisions (8) (6) (4) (19) (5) (6)
Profit before tax 311 267 266 238 259 289
Tax on profit (74) (66) (66) (53) (63) (68)
Profit from continuing operations 237 201 200 185 196 221
Net profit from discontinued operations - - - - - -
Consolidated profit 237 201 200 185 196 221
Non-controlling interests (17) (15) (15) (14) (14) (16)
Underlying attributable profit to the parent 220 186 185 171 182 205
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 30,898 30,573 28,909 29,565 30,910 32,618
Cash, central banks and credit institutions 13,408 11,714 11,728 11,854 9,980 11,418
Debt instruments 14,303 21,363 22,241 24,315 23,538 19,590
Other financial assets 10,901 13,733 12,357 10,982 8,490 7,285
Other asset accounts 3,286 3,094 3,050 3,523 3,617 3,429
Total assets 72,796 80,476 78,285 80,239 76,535 74,340
Customer deposits 34,066 35,518 34,916 35,457 36,445 35,712
Central banks and credit institutions 12,853 14,502 13,989 16,977 14,354 13,258
Marketable debt securities 5,938 7,305 7,388 6,847 6,648 6,165
Other financial liabilities 12,152 14,811 13,567 11,830 10,054 10,260
Other liabilities accounts 2,398 2,648 2,530 2,628 2,389 2,111
Total liabilities 67,407 74,784 72,390 73,739 69,890 67,507
Total equity 5,389 5,693 5,895 6,500 6,645 6,834
Memorandum items:
Gross loans and advances to customers ** 30,768 30,329 29,798 30,191 31,437 32,097
Customer funds 37,830 38,088 37,806 40,558 41,740 42,870
Customer deposits *** 28,505 28,519 27,743 29,912 30,462 31,103
Mutual funds 9,325 9,570 10,063 10,646 11,278 11,767
Other information
NPL ratio 2.07 2.50 2.33 2.81 3.21 3.10
Coverage ratio 133.9 114.9 132.6 120.8 95.6 90.6
Cost of credit 2.69 2.95 2.97 3.03 3.00 2.74
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Mexico_EUR-KTES
Mexico
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 1,352 1,406 (55) (3.9)
Net fee income 414 384 30 7.9
Gains (losses) on financial transactions * 40 107 (67) (62.9)
Other operating income (63) (41) (22) 53.0
Total income 1,743 1,856 (113) (6.1)
Administrative expenses and amortisations (752) (734) (18) 2.5
Net operating income 991 1,123 (131) (11.7)
Net loan-loss provisions (432) (548) 116 (21.2)
Other gains (losses) and provisions (11) (14) 2 (16.6)
Profit before tax 548 561 (13) (2.4)
Tax on profit (130) (136) 5 (3.9)
Profit from continuing operations 417 425 (8) (1.8)
Net profit from discontinued operations - - - -
Consolidated profit 417 425 (8) (1.8)
Non-controlling interests (31) (31) 1 (2.8)
Underlying attributable profit to the parent 387 394 (7) (1.8)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 32,618 33,647 (1,029) (3.1)
Cash, central banks and credit institutions 11,418 12,892 (1,474) (11.4)
Debt instruments 19,590 23,511 (3,921) (16.7)
Other financial assets 7,285 15,113 (7,828) (51.8)
Other asset accounts 3,429 3,405 24 0.7
Total assets 74,340 88,568 (14,228) (16.1)
Customer deposits 35,712 39,090 (3,377) (8.6)
Central banks and credit institutions 13,258 15,960 (2,702) (16.9)
Marketable debt securities 6,165 8,039 (1,874) (23.3)
Other financial liabilities 10,260 16,300 (6,040) (37.1)
Other liabilities accounts 2,111 2,914 (803) (27.6)
Total liabilities 67,507 82,303 (14,796) (18.0)
Total equity 6,834 6,265 569 9.1
Memorandum items:
Gross loans and advances to customers ** 32,097 33,378 (1,281) (3.8)
Customer funds 42,870 41,918 952 2.3
Customer deposits *** 31,103 31,386 (283) (0.9)
Mutual funds 11,767 10,532 1,236 11.7
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Mexico
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 719 687 712 712 673 679
Net fee income 190 194 200 189 205 209
Gains (losses) on financial transactions * 19 88 25 2 28 12
Other operating income (22) (19) (33) (6) (35) (28)
Total income 907 949 904 898 872 871
Administrative expenses and amortisations (374) (360) (397) (425) (376) (376)
Net operating income 533 590 507 473 496 495
Net loan-loss provisions (246) (302) (220) (214) (230) (202)
Other gains (losses) and provisions (7) (7) (4) (19) (5) (6)
Profit before tax 280 281 283 240 261 287
Tax on profit (67) (69) (70) (54) (63) (67)
Profit from continuing operations 214 212 213 186 198 220
Net profit from discontinued operations - - - - - -
Consolidated profit 214 212 213 186 198 220
Non-controlling interests (16) (16) (16) (14) (14) (16)
Underlying attributable profit to the parent 198 196 197 173 183 203
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 34,291 33,647 31,820 30,631 31,425 32,618
Cash, central banks and credit institutions 14,880 12,892 12,909 12,282 10,146 11,418
Debt instruments 15,873 23,511 24,481 25,191 23,930 19,590
Other financial assets 12,098 15,113 13,601 11,378 8,632 7,285
Other asset accounts 3,647 3,405 3,357 3,650 3,677 3,429
Total assets 80,789 88,568 86,168 83,132 77,811 74,340
Customer deposits 37,806 39,090 38,432 36,736 37,052 35,712
Central banks and credit institutions 14,264 15,960 15,398 17,589 14,593 13,258
Marketable debt securities 6,590 8,039 8,132 7,094 6,759 6,165
Other financial liabilities 13,487 16,300 14,933 12,257 10,222 10,260
Other liabilities accounts 2,662 2,914 2,785 2,722 2,429 2,111
Total liabilities 74,808 82,303 79,679 76,398 71,055 67,507
Total equity 5,980 6,265 6,489 6,734 6,756 6,834
Memorandum items:
Gross loans and advances to customers ** 34,146 33,378 32,799 31,280 31,961 32,097
Customer funds 41,984 41,918 41,612 42,021 42,436 42,870
Customer deposits *** 31,635 31,386 30,536 30,991 30,970 31,103
Mutual funds 10,349 10,532 11,076 11,030 11,466 11,767
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Mexico_MXN
Mexico
MXN million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 32,863 34,190 (1,326) (3.9)
Net fee income 10,072 9,336 736 7.9
Gains (losses) on financial transactions * 966 2,602 (1,635) (62.9)
Other operating income (1,522) (995) (528) 53.0
Total income 42,380 45,133 (2,753) (6.1)
Administrative expenses and amortisations (18,279) (17,837) (442) 2.5
Net operating income 24,101 27,296 (3,195) (11.7)
Net loan-loss provisions (10,502) (13,321) 2,819 (21.2)
Other gains (losses) and provisions (278) (333) 55 (16.6)
Profit before tax 13,321 13,642 (321) (2.4)
Tax on profit (3,172) (3,302) 130 (3.9)
Profit from continuing operations 10,150 10,340 (190) (1.8)
Net profit from discontinued operations - - - -
Consolidated profit 10,150 10,340 (190) (1.8)
Non-controlling interests (744) (765) 21 (2.8)
Underlying attributable profit to the parent 9,406 9,575 (169) (1.8)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 769,381 793,657 (24,276) (3.1)
Cash, central banks and credit institutions 269,322 304,095 (34,772) (11.4)
Debt instruments 462,072 554,556 (92,483) (16.7)
Other financial assets 171,844 356,487 (184,644) (51.8)
Other asset accounts 80,882 80,307 575 0.7
Total assets 1,753,501 2,089,101 (335,601) (16.1)
Customer deposits 842,357 922,022 (79,665) (8.6)
Central banks and credit institutions 312,729 376,459 (63,730) (16.9)
Marketable debt securities 145,422 189,619 (44,197) (23.3)
Other financial liabilities 242,011 384,485 (142,474) (37.1)
Other liabilities accounts 49,796 68,741 (18,945) (27.6)
Total liabilities 1,592,315 1,941,326 (349,011) (18.0)
Total equity 161,186 147,775 13,411 9.1
Memorandum items:
Gross loans and advances to customers ** 757,094 787,305 (30,212) (3.8)
Customer funds 1,011,198 988,739 22,459 2.3
Customer deposits *** 733,634 740,319 (6,685) (0.9)
Mutual funds 277,564 248,420 29,144 11.7
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Mexico
MXN million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 17,484 16,706 17,310 17,322 16,360 16,503
Net fee income 4,617 4,719 4,868 4,596 4,995 5,077
Gains (losses) on financial transactions * 474 2,128 600 55 686 280
Other operating income (525) (470) (794) (146) (842) (680)
Total income 22,049 23,083 21,984 21,827 21,199 21,181
Administrative expenses and amortisations (9,088) (8,749) (9,654) (10,327) (9,139) (9,140)
Net operating income 12,962 14,334 12,330 11,500 12,060 12,041
Net loan-loss provisions (5,985) (7,336) (5,339) (5,194) (5,582) (4,921)
Other gains (losses) and provisions (167) (166) (109) (470) (127) (151)
Profit before tax 6,810 6,832 6,881 5,836 6,351 6,970
Tax on profit (1,619) (1,683) (1,711) (1,306) (1,541) (1,630)
Profit from continuing operations 5,191 5,149 5,170 4,529 4,810 5,339
Net profit from discontinued operations - - - - - -
Consolidated profit 5,191 5,149 5,170 4,529 4,810 5,339
Non-controlling interests (377) (388) (385) (331) (352) (392)
Underlying attributable profit to the parent 4,814 4,761 4,786 4,198 4,458 4,947
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 808,833 793,657 750,556 722,498 741,241 769,381
Cash, central banks and credit institutions 350,974 304,095 304,490 289,698 239,329 269,322
Debt instruments 374,406 554,556 577,441 594,201 564,454 462,072
Other financial assets 285,358 356,487 320,807 268,374 203,604 171,844
Other asset accounts 86,026 80,307 79,179 86,092 86,732 80,882
Total assets 1,905,597 2,089,101 2,032,473 1,960,863 1,835,359 1,753,501
Customer deposits 891,745 922,022 906,507 866,499 873,967 842,357
Central banks and credit institutions 336,462 376,459 363,193 414,885 344,211 312,729
Marketable debt securities 155,431 189,619 191,809 167,321 159,425 145,422
Other financial liabilities 318,114 384,485 352,223 289,101 241,110 242,011
Other liabilities accounts 62,782 68,741 65,691 64,217 57,288 49,796
Total liabilities 1,764,534 1,941,326 1,879,423 1,802,022 1,676,002 1,592,315
Total equity 141,062 147,775 153,049 158,842 159,358 161,186
Memorandum items:
Gross loans and advances to customers ** 805,410 787,305 773,647 737,807 753,883 757,094
Customer funds 990,285 988,739 981,532 991,161 1,000,953 1,011,198
Customer deposits *** 746,188 740,319 720,275 730,991 730,502 733,634
Mutual funds 244,098 248,420 261,256 260,170 270,451 277,564
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other_North_America_EUR
Other North America
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 0 0 (0) (44.5)
Net fee income 14 9 5 61.6
Gains (losses) on financial transactions * 0 (0) 0 -
Other operating income (7) 1 (8) -
Total income 7 10 (2) (24.3)
Administrative expenses and amortisations (59) (12) (48) 397.8
Net operating income (52) (2) (50) -
Net loan-loss provisions (0) (0) 0 (71.9)
Other gains (losses) and provisions (1) (2) 1 (65.5)
Profit before tax (53) (4) (49) -
Tax on profit 3 3 (0) (10.8)
Profit from continuing operations (50) (1) (49) -
Net profit from discontinued operations - - - -
Consolidated profit (50) (1) (49) -
Non-controlling interests 0 0 0 70.4
Underlying attributable profit to the parent (50) (1) (49) -
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 18 9 10 111.6
Cash, central banks and credit institutions 214 65 149 228.2
Debt instruments - 3 (3) (100.0)
Other financial assets 1 73 (71) (98.1)
Other asset accounts 266 208 58 27.7
Total assets 499 358 141 39.5
Customer deposits 10 11 (1) (8.8)
Central banks and credit institutions 16 12 4 34.4
Marketable debt securities - - - -
Other financial liabilities 46 20 26 133.2
Other liabilities accounts 23 16 7 43.4
Total liabilities 95 59 36 61.6
Total equity 404 299 105 35.1
Memorandum items:
Gross loans and advances to customers ** 19 9 10 116.4
Customer funds 10 11 (1) (8.8)
Customer deposits *** 10 11 (1) (8.8)
Mutual funds - - - -
Operating data
Number of employees 517 261 256 98.1
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other North America
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income (0) 0 0 0 0 0
Net fee income 4 5 7 8 7 8
Gains (losses) on financial transactions * (0) (0) (0) (0) 0 (0)
Other operating income 2 (1) (1) (0) (5) (2)
Total income 5 4 6 8 2 5
Administrative expenses and amortisations (6) (6) (13) (22) (28) (32)
Net operating income (0) (2) (7) (14) (26) (26)
Net loan-loss provisions (0) (0) (0) (0) (0) (0)
Other gains (losses) and provisions (0) (2) (0) 0 (0) (0)
Profit before tax (1) (4) (7) (14) (26) (27)
Tax on profit 2 1 2 (0) 1 2
Profit from continuing operations 2 (3) (5) (15) (25) (25)
Net profit from discontinued operations - - - - - -
Consolidated profit 2 (3) (5) (15) (25) (25)
Non-controlling interests 0 0 0 0 0 0
Underlying attributable profit to the parent 2 (3) (5) (15) (25) (25)
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 8 9 12 15 16 18
Cash, central banks and credit institutions 68 65 98 197 220 214
Debt instruments 3 3 3 4 - -
Other financial assets 68 73 71 76 1 1
Other asset accounts 57 208 217 193 255 266
Total assets 205 358 401 485 492 499
Customer deposits 12 11 15 17 12 10
Central banks and credit institutions 7 12 27 51 4 16
Marketable debt securities - - - - - -
Other financial liabilities 24 20 18 23 27 46
Other liabilities accounts 18 16 14 31 17 23
Total liabilities 61 59 74 122 61 95
Total equity 144 299 327 363 432 404
Memorandum items:
Gross loans and advances to customers ** 8 9 12 15 17 19
Customer funds 12 11 15 17 12 10
Customer deposits *** 12 11 15 17 12 10
Mutual funds - - - - - -
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other_North_America_EUR-KTES
Other North America
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 0 0 (0) (44.5)
Net fee income 14 9 5 61.6
Gains (losses) on financial transactions * 0 (0) 0 -
Other operating income (7) 1 (8) -
Total income 7 10 (2) (24.3)
Administrative expenses and amortisations (59) (12) (48) 397.8
Net operating income (52) (2) (50) -
Net loan-loss provisions (0) (0) 0 (71.9)
Other gains (losses) and provisions (1) (2) 1 (65.5)
Profit before tax (53) (4) (49) -
Tax on profit 3 3 (0) (10.8)
Profit from continuing operations (50) (1) (49) -
Net profit from discontinued operations - - - -
Consolidated profit (50) (1) (49) -
Non-controlling interests 0 0 0 70.4
Underlying attributable profit to the parent (50) (1) (49) -
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 18 9 10 111.6
Cash, central banks and credit institutions 214 65 149 228.2
Debt instruments - 3 (3) (100.0)
Other financial assets 1 73 (71) (98.1)
Other asset accounts 266 208 58 27.7
Total assets 499 358 141 39.5
Customer deposits 10 11 (1) (8.8)
Central banks and credit institutions 16 12 4 34.4
Marketable debt securities - - - -
Other financial liabilities 46 20 26 133.2
Other liabilities accounts 23 16 7 43.4
Total liabilities 95 59 36 61.6
Total equity 404 299 105 35.1
Memorandum items:
Gross loans and advances to customers ** 19 9 10 116.4
Customer funds 10 11 (1) (8.8)
Customer deposits *** 10 11 (1) (8.8)
Mutual funds - - - -
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other North America
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income (0) 0 0 0 0 0
Net fee income 4 5 7 8 7 8
Gains (losses) on financial transactions * (0) (0) (0) (0) 0 (0)
Other operating income 2 (1) (1) (0) (5) (2)
Total income 5 4 6 8 2 5
Administrative expenses and amortisations (6) (6) (13) (22) (28) (32)
Net operating income (0) (2) (7) (14) (26) (26)
Net loan-loss provisions (0) (0) (0) (0) (0) (0)
Other gains (losses) and provisions (0) (2) (0) 0 (0) (0)
Profit before tax (1) (4) (7) (14) (26) (27)
Tax on profit 2 1 2 (0) 1 2
Profit from continuing operations 2 (3) (5) (15) (25) (25)
Net profit from discontinued operations - - - - - -
Consolidated profit 2 (3) (5) (15) (25) (25)
Non-controlling interests 0 0 0 0 0 0
Underlying attributable profit to the parent 2 (3) (5) (15) (25) (25)
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 8 9 12 15 16 18
Cash, central banks and credit institutions 68 65 98 197 220 214
Debt instruments 3 3 3 4 - -
Other financial assets 68 73 71 76 1 1
Other asset accounts 57 208 217 193 255 266
Total assets 205 358 401 485 492 499
Customer deposits 12 11 15 17 12 10
Central banks and credit institutions 7 12 27 51 4 16
Marketable debt securities - - - - - -
Other financial liabilities 24 20 18 23 27 46
Other liabilities accounts 18 16 14 31 17 23
Total liabilities 61 59 74 122 61 95
Total equity 144 299 327 363 432 404
Memorandum items:
Gross loans and advances to customers ** 8 9 12 15 17 19
Customer funds 12 11 15 17 12 10
Customer deposits *** 12 11 15 17 12 10
Mutual funds - - - - - -
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
South_America_EUR
South America
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 5,334 5,671 (337) (5.9)
Net fee income 1,770 1,856 (86) (4.7)
Gains (losses) on financial transactions * 383 431 (48) (11.1)
Other operating income (175) (94) (82) 87.0
Total income 7,311 7,864 (552) (7.0)
Administrative expenses and amortisations (2,518) (2,773) 255 (9.2)
Net operating income 4,793 5,091 (298) (5.8)
Net loan-loss provisions (1,492) (2,435) 943 (38.7)
Other gains (losses) and provisions (188) (196) 8 (4.0)
Profit before tax 3,113 2,460 653 26.5
Tax on profit (1,194) (884) (310) 35.1
Profit from continuing operations 1,919 1,577 343 21.7
Net profit from discontinued operations - - - -
Consolidated profit 1,919 1,577 343 21.7
Non-controlling interests (275) (195) (80) 41.2
Underlying attributable profit to the parent 1,645 1,382 262 19.0
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 124,784 111,004 13,781 12.4
Cash, central banks and credit institutions 50,441 44,557 5,885 13.2
Debt instruments 49,949 45,236 4,713 10.4
Other financial assets 12,455 20,749 (8,293) (40.0)
Other asset accounts 16,244 16,804 (560) (3.3)
Total assets 253,874 238,349 15,525 6.5
Customer deposits 124,500 112,598 11,902 10.6
Central banks and credit institutions 44,735 42,411 2,324 5.5
Marketable debt securities 22,965 23,973 (1,008) (4.2)
Other financial liabilities 31,731 32,218 (487) (1.5)
Other liabilities accounts 9,148 8,230 918 11.2
Total liabilities 233,080 219,431 13,649 6.2
Total equity 20,794 18,919 1,875 9.9
Memorandum items:
Gross loans and advances to customers ** 130,052 115,747 14,305 12.4
Customer funds 168,336 149,933 18,403 12.3
Customer deposits *** 115,589 101,976 13,613 13.3
Mutual funds 52,747 47,957 4,790 10.0
Ratios (%), operating means and customers
Underlying RoTE 20.29 16.40 3.88 p.
Efficiency ratio 34.4 35.3 (0.8 p.)
NPL ratio 4.36 4.74 (0.37 p.)
Coverage ratio 98.1 93.0 5.2 p.
Number of employees 67,198 67,913 (715) (1.1)
Number of branches 4,438 4,494 (56) (1.2)
Number of loyal customers (thousands) 9,612 7,767 1,845 23.8
Number of digital customers (thousands) 22,670 18,861 3,809 20.2
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
South America
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 3,065 2,606 2,486 2,566 2,575 2,760
Net fee income 1,077 779 848 885 842 928
Gains (losses) on financial transactions * 68 363 177 158 205 177
Other operating income (42) (52) (29) (87) (83) (92)
Total income 4,169 3,695 3,483 3,522 3,539 3,772
Administrative expenses and amortisations (1,492) (1,281) (1,250) (1,335) (1,219) (1,299)
Net operating income 2,677 2,414 2,233 2,187 2,320 2,473
Net loan-loss provisions (1,325) (1,110) (787) (702) (683) (809)
Other gains (losses) and provisions (142) (54) (71) (54) (132) (55)
Profit before tax 1,210 1,250 1,375 1,431 1,505 1,609
Tax on profit (414) (470) (544) (495) (599) (595)
Profit from continuing operations 796 781 832 935 905 1,014
Net profit from discontinued operations - - - - - -
Consolidated profit 796 781 832 935 905 1,014
Non-controlling interests (96) (98) (101) (141) (132) (143)
Underlying attributable profit to the parent 700 682 731 794 773 871
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 112,873 111,004 109,061 113,745 115,576 124,784
Cash, central banks and credit institutions 45,955 44,557 40,808 43,154 44,049 50,441
Debt instruments 44,699 45,236 43,340 49,303 48,061 49,949
Other financial assets 19,328 20,749 16,973 17,342 14,402 12,455
Other asset accounts 17,194 16,804 15,946 15,201 15,013 16,244
Total assets 240,049 238,349 226,128 238,746 237,102 253,874
Customer deposits 106,444 112,598 110,475 111,808 111,592 124,500
Central banks and credit institutions 45,539 42,411 36,818 42,040 45,621 44,735
Marketable debt securities 26,951 23,973 20,728 21,280 20,974 22,965
Other financial liabilities 33,546 32,218 31,546 35,456 31,519 31,731
Other liabilities accounts 8,548 8,230 7,902 8,334 7,520 9,148
Total liabilities 221,028 219,431 207,469 218,918 217,226 233,080
Total equity 19,021 18,919 18,659 19,828 19,876 20,794
Memorandum items:
Gross loans and advances to customers ** 117,622 115,747 113,594 118,784 120,478 130,052
Customer funds 148,114 149,933 146,480 153,241 150,343 168,336
Customer deposits *** 95,946 101,976 99,513 103,319 103,135 115,589
Mutual funds 52,169 47,957 46,966 49,922 47,208 52,747
Other information
NPL ratio 4.63 4.74 4.40 4.39 4.30 4.36
Coverage ratio 92.9 93.0 97.2 97.4 98.4 98.1
Cost of credit 3.29 3.49 3.50 3.32 2.81 2.51
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
South_America_EUR-KTES
South America
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 5,334 4,803 531 11.1
Net fee income 1,770 1,553 216 13.9
Gains (losses) on financial transactions * 383 374 9 2.3
Other operating income (175) (75) (101) 135.3
Total income 7,311 6,656 655 9.8
Administrative expenses and amortisations (2,518) (2,347) (171) 7.3
Net operating income 4,793 4,309 484 11.2
Net loan-loss provisions (1,492) (2,065) 573 (27.8)
Other gains (losses) and provisions (188) (158) (30) 18.8
Profit before tax 3,113 2,086 1,028 49.3
Tax on profit (1,194) (741) (453) 61.2
Profit from continuing operations 1,919 1,345 575 42.7
Net profit from discontinued operations - - - -
Consolidated profit 1,919 1,345 575 42.7
Non-controlling interests (275) (178) (97) 54.6
Underlying attributable profit to the parent 1,645 1,167 478 40.9
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 124,784 113,882 10,902 9.6
Cash, central banks and credit institutions 50,441 45,083 5,358 11.9
Debt instruments 49,949 46,089 3,859 8.4
Other financial assets 12,455 21,909 (9,454) (43.2)
Other asset accounts 16,244 17,199 (955) (5.6)
Total assets 253,874 244,163 9,711 4.0
Customer deposits 124,500 114,082 10,418 9.1
Central banks and credit institutions 44,735 43,614 1,121 2.6
Marketable debt securities 22,965 25,130 (2,165) (8.6)
Other financial liabilities 31,731 33,617 (1,885) (5.6)
Other liabilities accounts 9,148 8,415 733 8.7
Total liabilities 233,080 224,857 8,223 3.7
Total equity 20,794 19,306 1,488 7.7
Memorandum items:
Gross loans and advances to customers ** 130,052 118,735 11,317 9.5
Customer funds 168,336 152,516 15,820 10.4
Customer deposits *** 115,589 103,061 12,528 12.2
Mutual funds 52,747 49,455 3,292 6.7
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
South America
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 2,408 2,395 2,454 2,635 2,598 2,736
Net fee income 832 722 826 896 850 920
Gains (losses) on financial transactions * 53 321 177 162 206 177
Other operating income (29) (46) (30) (89) (81) (94)
Total income 3,264 3,392 3,428 3,603 3,573 3,738
Administrative expenses and amortisations (1,169) (1,178) (1,234) (1,371) (1,224) (1,294)
Net operating income 2,095 2,214 2,194 2,232 2,349 2,444
Net loan-loss provisions (1,035) (1,030) (807) (737) (693) (799)
Other gains (losses) and provisions (105) (53) (68) (61) (132) (55)
Profit before tax 955 1,131 1,320 1,434 1,524 1,590
Tax on profit (318) (423) (516) (490) (609) (585)
Profit from continuing operations 637 708 803 944 915 1,004
Net profit from discontinued operations - - - - - -
Consolidated profit 637 708 803 944 915 1,004
Non-controlling interests (84) (94) (100) (142) (134) (141)
Underlying attributable profit to the parent 554 613 704 802 781 863
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 110,931 113,882 117,361 118,277 121,735 124,784
Cash, central banks and credit institutions 43,933 45,083 43,691 45,196 47,311 50,441
Debt instruments 42,589 46,089 47,080 51,937 51,964 49,949
Other financial assets 20,142 21,909 18,398 17,938 14,914 12,455
Other asset accounts 16,642 17,199 17,268 15,922 16,086 16,244
Total assets 234,237 244,163 243,799 249,270 252,010 253,874
Customer deposits 102,377 114,082 118,366 116,471 118,242 124,500
Central banks and credit institutions 44,426 43,614 39,674 43,893 48,727 44,735
Marketable debt securities 27,108 25,130 22,685 22,234 22,091 22,965
Other financial liabilities 33,655 33,617 34,419 37,221 33,800 31,731
Other liabilities accounts 8,205 8,415 8,580 8,761 8,045 9,148
Total liabilities 215,771 224,857 223,724 228,580 230,904 233,080
Total equity 18,466 19,306 20,075 20,691 21,106 20,794
Memorandum items:
Gross loans and advances to customers ** 115,526 118,735 122,263 123,555 126,970 130,052
Customer funds 142,762 152,516 157,502 160,056 159,880 168,336
Customer deposits *** 92,283 103,061 106,171 107,366 108,812 115,589
Mutual funds 50,479 49,455 51,331 52,691 51,067 52,747
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Brazil_EUR
Brazil
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 3,700 4,083 (384) (9.4)
Net fee income 1,330 1,483 (153) (10.3)
Gains (losses) on financial transactions * 205 261 (55) (21.2)
Other operating income (32) (40) 7 (17.9)
Total income 5,203 5,788 (585) (10.1)
Administrative expenses and amortisations (1,502) (1,839) 337 (18.3)
Net operating income 3,701 3,949 (248) (6.3)
Net loan-loss provisions (1,222) (1,909) 687 (36.0)
Other gains (losses) and provisions (124) (158) 34 (21.6)
Profit before tax 2,354 1,881 473 25.1
Tax on profit (1,046) (777) (269) 34.6
Profit from continuing operations 1,308 1,105 204 18.4
Net profit from discontinued operations - - - -
Consolidated profit 1,308 1,105 204 18.4
Non-controlling interests (128) (110) (18) 16.7
Underlying attributable profit to the parent 1,180 995 185 18.6
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 73,684 61,572 12,113 19.7
Cash, central banks and credit institutions 32,634 29,805 2,829 9.5
Debt instruments 37,664 35,652 2,012 5.6
Other financial assets 5,958 7,190 (1,232) (17.1)
Other asset accounts 11,728 11,947 (218) (1.8)
Total assets 161,670 146,166 15,504 10.6
Customer deposits 76,611 69,202 7,408 10.7
Central banks and credit institutions 28,827 26,379 2,448 9.3
Marketable debt securities 13,558 14,207 (649) (4.6)
Other financial liabilities 22,434 17,968 4,466 24.9
Other liabilities accounts 6,643 6,282 361 5.7
Total liabilities 148,072 134,037 14,035 10.5
Total equity 13,597 12,128 1,469 12.1
Memorandum items:
Gross loans and advances to customers ** 77,341 64,859 12,482 19.2
Customer funds 109,299 97,585 11,713 12.0
Customer deposits *** 67,735 58,730 9,006 15.3
Mutual funds 41,563 38,856 2,708 7.0
Ratios (%), operating means and customers
Underlying RoTE 22.12 17.12 5.00 p.
Efficiency ratio 28.9 31.8 (2.9 p.)
NPL ratio 4.55 5.07 (0.52 p.)
Coverage ratio 112.3 110.2 2.1 p.
Number of employees 45,115 44,951 164 0.4
Number of branches 3,590 3,585 5 0.1
Number of loyal customers (thousands) 7,146 5,671 1,475 26.0
Number of digital customers (thousands) 17,466 14,492 2,974 20.5
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Brazil
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 2,270 1,813 1,756 1,786 1,780 1,919
Net fee income 869 614 664 677 632 698
Gains (losses) on financial transactions * 14 247 93 114 127 78
Other operating income (17) (23) 21 (32) (18) (14)
Total income 3,137 2,651 2,534 2,544 2,521 2,682
Administrative expenses and amortisations (1,004) (835) (805) (897) (723) (779)
Net operating income 2,133 1,816 1,729 1,648 1,799 1,902
Net loan-loss provisions (1,066) (843) (569) (540) (549) (674)
Other gains (losses) and provisions (127) (31) (68) (36) (96) (28)
Profit before tax 940 942 1,092 1,072 1,154 1,200
Tax on profit (368) (408) (481) (436) (530) (516)
Profit from continuing operations 571 533 611 636 624 684
Net profit from discontinued operations - - - - - -
Consolidated profit 571 533 611 636 624 684
Non-controlling interests (55) (55) (61) (68) (63) (65)
Underlying attributable profit to the parent 517 478 550 568 562 619
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 65,663 61,572 59,820 63,974 63,935 73,684
Cash, central banks and credit institutions 30,070 29,805 28,219 31,466 31,083 32,634
Debt instruments 37,932 35,652 33,312 37,655 36,145 37,664
Other financial assets 5,885 7,190 5,984 6,877 6,059 5,958
Other asset accounts 12,410 11,947 11,421 10,600 10,254 11,728
Total assets 151,960 146,166 138,757 150,573 147,476 161,670
Customer deposits 64,578 69,202 69,485 70,083 66,801 76,611
Central banks and credit institutions 32,812 26,379 20,064 26,350 30,212 28,827
Marketable debt securities 16,278 14,207 12,047 11,901 11,514 13,558
Other financial liabilities 19,126 17,968 19,416 23,536 21,740 22,434
Other liabilities accounts 6,654 6,282 6,004 6,157 5,049 6,643
Total liabilities 139,448 134,037 127,017 138,026 135,316 148,072
Total equity 12,512 12,128 11,740 12,547 12,160 13,597
Memorandum items:
Gross loans and advances to customers ** 69,041 64,859 62,926 67,424 67,170 77,341
Customer funds 98,212 97,585 95,586 100,351 94,340 109,299
Customer deposits *** 54,244 58,730 58,571 61,627 58,397 67,735
Mutual funds 43,969 38,856 37,015 38,725 35,944 41,563
Other information
NPL ratio 4.93 5.07 4.64 4.59 4.42 4.55
Coverage ratio 108.0 110.2 114.9 113.2 116.5 112.3
Cost of credit 4.43 4.67 4.58 4.35 3.79 3.51
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Brazil_EUR-KTES
Brazil
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 3,700 3,368 331 9.8
Net fee income 1,330 1,224 107 8.7
Gains (losses) on financial transactions * 205 215 (10) (4.5)
Other operating income (32) (33) 0 (0.4)
Total income 5,203 4,774 428 9.0
Administrative expenses and amortisations (1,502) (1,517) 15 (1.0)
Net operating income 3,701 3,257 443 13.6
Net loan-loss provisions (1,222) (1,575) 352 (22.4)
Other gains (losses) and provisions (124) (131) 6 (4.9)
Profit before tax 2,354 1,552 802 51.7
Tax on profit (1,046) (641) (405) 63.2
Profit from continuing operations 1,308 911 397 43.6
Net profit from discontinued operations - - - -
Consolidated profit 1,308 911 397 43.6
Non-controlling interests (128) (90) (38) 41.5
Underlying attributable profit to the parent 1,180 821 360 43.8
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 73,684 63,857 9,828 15.4
Cash, central banks and credit institutions 32,634 30,912 1,723 5.6
Debt instruments 37,664 36,975 689 1.9
Other financial assets 5,958 7,457 (1,498) (20.1)
Other asset accounts 11,728 12,390 (662) (5.3)
Total assets 161,670 151,590 10,080 6.6
Customer deposits 76,611 71,770 4,840 6.7
Central banks and credit institutions 28,827 27,358 1,470 5.4
Marketable debt securities 13,558 14,734 (1,176) (8.0)
Other financial liabilities 22,434 18,635 3,800 20.4
Other liabilities accounts 6,643 6,515 128 2.0
Total liabilities 148,072 139,011 9,061 6.5
Total equity 13,597 12,578 1,019 8.1
Memorandum items:
Gross loans and advances to customers ** 77,341 67,266 10,075 15.0
Customer funds 109,299 101,207 8,092 8.0
Customer deposits *** 67,735 60,909 6,826 11.2
Mutual funds 41,563 40,298 1,266 3.1
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Brazil
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 1,713 1,655 1,708 1,766 1,813 1,887
Net fee income 656 568 643 667 643 687
Gains (losses) on financial transactions * 10 205 92 112 129 76
Other operating income (13) (20) 16 (29) (18) (14)
Total income 2,367 2,408 2,459 2,517 2,567 2,636
Administrative expenses and amortisations (757) (760) (782) (879) (736) (766)
Net operating income 1,610 1,648 1,678 1,638 1,831 1,870
Net loan-loss provisions (805) (770) (579) (554) (559) (664)
Other gains (losses) and provisions (96) (35) (66) (39) (98) (27)
Profit before tax 709 843 1,033 1,045 1,175 1,179
Tax on profit (278) (363) (452) (427) (539) (506)
Profit from continuing operations 431 480 580 619 636 673
Net profit from discontinued operations - - - - - -
Consolidated profit 431 480 580 619 636 673
Non-controlling interests (41) (49) (58) (66) (64) (64)
Underlying attributable profit to the parent 390 431 523 553 572 609
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 63,006 63,857 66,561 68,634 71,343 73,684
Cash, central banks and credit institutions 28,853 30,912 31,400 33,758 34,685 32,634
Debt instruments 36,397 36,975 37,066 40,398 40,333 37,664
Other financial assets 5,647 7,457 6,659 7,378 6,761 5,958
Other asset accounts 11,908 12,390 12,709 11,372 11,443 11,728
Total assets 145,810 151,590 154,394 161,541 164,565 161,670
Customer deposits 61,965 71,770 77,316 75,188 74,542 76,611
Central banks and credit institutions 31,484 27,358 22,325 28,269 33,713 28,827
Marketable debt securities 15,619 14,734 13,405 12,767 12,848 13,558
Other financial liabilities 18,352 18,635 21,604 25,250 24,259 22,434
Other liabilities accounts 6,385 6,515 6,681 6,605 5,634 6,643
Total liabilities 133,804 139,011 141,331 148,080 150,996 148,072
Total equity 12,005 12,578 13,063 13,461 13,570 13,597
Memorandum items:
Gross loans and advances to customers ** 66,247 67,266 70,017 72,335 74,953 77,341
Customer funds 94,238 101,207 106,358 107,661 105,272 109,299
Customer deposits *** 52,048 60,909 65,171 66,116 65,164 67,735
Mutual funds 42,189 40,298 41,187 41,545 40,109 41,563
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Brazil_BRL
Brazil
BRL million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 23,972 21,825 2,147 9.8
Net fee income 8,619 7,929 690 8.7
Gains (losses) on financial transactions * 1,331 1,393 (62) (4.5)
Other operating income (211) (211) 1 (0.4)
Total income 33,712 30,936 2,776 9.0
Administrative expenses and amortisations (9,732) (9,829) 97 (1.0)
Net operating income 23,979 21,107 2,872 13.6
Net loan-loss provisions (7,921) (10,205) 2,284 (22.4)
Other gains (losses) and provisions (805) (846) 42 (4.9)
Profit before tax 15,253 10,056 5,198 51.7
Tax on profit (6,776) (4,151) (2,624) 63.2
Profit from continuing operations 8,478 5,904 2,573 43.6
Net profit from discontinued operations - - - -
Consolidated profit 8,478 5,904 2,573 43.6
Non-controlling interests (830) (586) (243) 41.5
Underlying attributable profit to the parent 7,648 5,318 2,330 43.8
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 437,723 379,341 58,382 15.4
Cash, central banks and credit institutions 193,865 183,631 10,235 5.6
Debt instruments 223,746 219,651 4,095 1.9
Other financial assets 35,395 44,297 (8,902) (20.1)
Other asset accounts 69,672 73,603 (3,931) (5.3)
Total assets 960,402 900,523 59,879 6.6
Customer deposits 455,107 426,353 28,755 6.7
Central banks and credit institutions 171,248 162,518 8,730 5.4
Marketable debt securities 80,540 87,528 (6,988) (8.0)
Other financial liabilities 133,272 110,700 22,571 20.4
Other liabilities accounts 39,460 38,700 760 2.0
Total liabilities 879,628 825,800 53,827 6.5
Total equity 80,774 74,723 6,052 8.1
Memorandum items:
Gross loans and advances to customers ** 459,444 399,593 59,851 15.0
Customer funds 649,291 601,220 48,071 8.0
Customer deposits *** 402,382 361,831 40,551 11.2
Mutual funds 246,909 239,389 7,520 3.1
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Brazil
BRL million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 11,100 10,725 11,066 11,446 11,744 12,228
Net fee income 4,250 3,679 4,167 4,324 4,169 4,450
Gains (losses) on financial transactions * 68 1,326 597 727 837 493
Other operating income (81) (130) 106 (189) (119) (91)
Total income 15,336 15,600 15,935 16,308 16,632 17,080
Administrative expenses and amortisations (4,907) (4,922) (5,065) (5,696) (4,767) (4,966)
Net operating income 10,429 10,678 10,871 10,612 11,865 12,115
Net loan-loss provisions (5,214) (4,990) (3,752) (3,588) (3,619) (4,302)
Other gains (losses) and provisions (621) (226) (428) (252) (633) (172)
Profit before tax 4,594 5,462 6,691 6,771 7,612 7,641
Tax on profit (1,800) (2,351) (2,930) (2,764) (3,494) (3,282)
Profit from continuing operations 2,794 3,111 3,760 4,008 4,118 4,359
Net profit from discontinued operations - - - - - -
Consolidated profit 2,794 3,111 3,760 4,008 4,118 4,359
Non-controlling interests (268) (318) (375) (425) (414) (415)
Underlying attributable profit to the parent 2,526 2,792 3,386 3,583 3,704 3,944
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 374,286 379,341 395,406 407,723 423,817 437,723
Cash, central banks and credit institutions 171,399 183,631 186,530 200,540 206,046 193,865
Debt instruments 216,217 219,651 220,193 239,987 239,599 223,746
Other financial assets 33,545 44,297 39,556 43,828 40,166 35,395
Other asset accounts 70,738 73,603 75,496 67,558 67,975 69,672
Total assets 866,185 900,523 917,180 959,636 977,604 960,402
Customer deposits 368,103 426,353 459,297 446,658 442,819 455,107
Central banks and credit institutions 187,029 162,518 132,622 167,935 200,270 171,248
Marketable debt securities 92,784 87,528 79,632 75,845 76,323 80,540
Other financial liabilities 109,021 110,700 128,339 149,998 144,110 133,272
Other liabilities accounts 37,930 38,700 39,688 39,238 33,472 39,460
Total liabilities 794,867 825,800 839,578 879,674 896,994 879,628
Total equity 71,319 74,723 77,602 79,963 80,610 80,774
Memorandum items:
Gross loans and advances to customers ** 393,541 399,593 415,940 429,706 445,261 459,444
Customer funds 559,820 601,220 631,822 639,564 625,373 649,291
Customer deposits *** 309,195 361,831 387,151 392,762 387,105 402,382
Mutual funds 250,625 239,389 244,671 246,801 238,268 246,909
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Chile_EUR
Chile
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 1,009 873 136 15.6
Net fee income 190 166 24 14.5
Gains (losses) on financial transactions * 81 105 (24) (23.3)
Other operating income (28) (7) (21) 281.4
Total income 1,252 1,137 115 10.1
Administrative expenses and amortisations (481) (458) (23) 5.0
Net operating income 771 678 92 13.6
Net loan-loss provisions (182) (346) 164 (47.5)
Other gains (losses) and provisions 3 (1) 5 -
Profit before tax 592 331 261 78.9
Tax on profit (125) (63) (61) 96.3
Profit from continuing operations 467 267 200 74.8
Net profit from discontinued operations - - - -
Consolidated profit 467 267 200 74.8
Non-controlling interests (146) (84) (62) 73.6
Underlying attributable profit to the parent 321 183 138 75.3
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 39,922 38,037 1,885 5.0
Cash, central banks and credit institutions 11,748 8,709 3,039 34.9
Debt instruments 8,315 5,958 2,357 39.6
Other financial assets 6,293 13,306 (7,013) (52.7)
Other asset accounts 2,883 3,311 (428) (12.9)
Total assets 69,162 69,321 (160) (0.2)
Customer deposits 33,316 28,534 4,782 16.8
Central banks and credit institutions 11,664 11,822 (158) (1.3)
Marketable debt securities 9,083 9,593 (510) (5.3)
Other financial liabilities 8,513 13,501 (4,988) (36.9)
Other liabilities accounts 1,871 1,276 594 46.6
Total liabilities 64,447 64,727 (280) (0.4)
Total equity 4,714 4,594 120 2.6
Memorandum items:
Gross loans and advances to customers ** 41,125 39,115 2,010 5.1
Customer funds 42,312 35,913 6,399 17.8
Customer deposits *** 33,281 28,385 4,896 17.2
Mutual funds 9,031 7,528 1,503 20.0
Ratios (%), operating means and customers
Underlying RoTE 18.63 11.23 7.39 p.
Efficiency ratio 38.4 40.3 (1.9 p.)
NPL ratio 4.57 4.99 (0.42 p.)
Coverage ratio 63.9 54.7 9.1 p.
Number of employees 10,628 11,405 (777) (6.8)
Number of branches 332 367 (35) (9.5)
Number of loyal customers (thousands) 10,628 11,405 (777) (6.8)
Number of digital customers (thousands) 332 367 (35) (9.5)
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Chile
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 448 425 420 494 497 511
Net fee income 92 74 74 94 95 96
Gains (losses) on financial transactions * 13 92 51 18 32 48
Other operating income (1) (6) (12) (12) (10) (18)
Total income 553 584 532 594 614 637
Administrative expenses and amortisations (230) (228) (223) (219) (236) (245)
Net operating income 322 356 310 375 378 392
Net loan-loss provisions (163) (183) (154) (94) (100) (82)
Other gains (losses) and provisions 1 (2) 13 4 (1) 5
Profit before tax 160 171 169 285 277 315
Tax on profit (21) (42) (43) (49) (55) (70)
Profit from continuing operations 138 129 125 236 222 246
Net profit from discontinued operations - - - - - -
Consolidated profit 138 129 125 236 222 246
Non-controlling interests (41) (43) (39) (73) (69) (77)
Underlying attributable profit to the parent 97 86 86 163 153 169
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 36,542 38,037 38,360 39,381 40,760 39,922
Cash, central banks and credit institutions 9,322 8,709 6,513 5,836 6,265 11,748
Debt instruments 3,850 5,958 6,615 8,365 8,867 8,315
Other financial assets 13,176 13,306 10,747 10,221 8,158 6,293
Other asset accounts 3,429 3,311 3,029 3,076 3,105 2,883
Total assets 66,319 69,321 65,265 66,880 67,154 69,162
Customer deposits 27,205 28,534 26,835 28,362 30,435 33,316
Central banks and credit institutions 9,217 11,822 12,525 11,611 11,374 11,664
Marketable debt securities 10,475 9,593 8,553 9,247 9,280 9,083
Other financial liabilities 13,661 13,501 11,427 11,162 8,981 8,513
Other liabilities accounts 1,202 1,276 1,258 1,519 1,799 1,871
Total liabilities 61,760 64,727 60,597 61,902 61,869 64,447
Total equity 4,559 4,594 4,668 4,978 5,285 4,714
Memorandum items:
Gross loans and advances to customers ** 37,550 39,115 39,413 40,593 42,049 41,125
Customer funds 33,939 35,913 34,886 37,873 39,626 42,312
Customer deposits *** 27,041 28,385 26,788 28,330 30,383 33,281
Mutual funds 6,898 7,528 8,098 9,543 9,243 9,031
Other information
NPL ratio 4.63 4.99 4.76 4.79 4.74 4.57
Coverage ratio 57.2 54.7 59.7 61.4 63.4 63.9
Cost of credit 1.25 1.46 1.59 1.50 1.33 1.07
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Chile_EUR-KTES
Chile
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 1,009 900 109 12.1
Net fee income 190 172 19 11.0
Gains (losses) on financial transactions * 81 108 (28) (25.6)
Other operating income (28) (8) (20) 269.9
Total income 1,252 1,172 80 6.8
Administrative expenses and amortisations (481) (473) (8) 1.8
Net operating income 771 700 71 10.2
Net loan-loss provisions (182) (357) 175 (49.0)
Other gains (losses) and provisions 3 (1) 5 -
Profit before tax 592 341 251 73.5
Tax on profit (125) (65) (59) 90.3
Profit from continuing operations 467 276 192 69.5
Net profit from discontinued operations - - - -
Consolidated profit 467 276 192 69.5
Non-controlling interests (146) (87) (59) 68.4
Underlying attributable profit to the parent 321 189 132 70.0
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 39,922 40,674 (751) (1.8)
Cash, central banks and credit institutions 11,748 9,313 2,435 26.1
Debt instruments 8,315 6,371 1,944 30.5
Other financial assets 6,293 14,228 (7,936) (55.8)
Other asset accounts 2,883 3,541 (657) (18.6)
Total assets 69,162 74,126 (4,965) (6.7)
Customer deposits 33,316 30,512 2,804 9.2
Central banks and credit institutions 11,664 12,642 (978) (7.7)
Marketable debt securities 9,083 10,258 (1,175) (11.5)
Other financial liabilities 8,513 14,437 (5,924) (41.0)
Other liabilities accounts 1,871 1,365 506 37.1
Total liabilities 64,447 69,214 (4,766) (6.9)
Total equity 4,714 4,913 (198) (4.0)
Memorandum items:
Gross loans and advances to customers ** 41,125 41,827 (702) (1.7)
Customer funds 42,312 38,403 3,909 10.2
Customer deposits *** 33,281 30,352 2,929 9.6
Mutual funds 9,031 8,050 981 12.2
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Chile
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 457 442 442 516 500 509
Net fee income 94 77 78 98 95 95
Gains (losses) on financial transactions * 14 95 53 19 32 48
Other operating income (1) (6) (13) (13) (10) (18)
Total income 564 608 560 620 617 634
Administrative expenses and amortisations (235) (237) (234) (229) (237) (244)
Net operating income 329 371 326 391 380 390
Net loan-loss provisions (167) (190) (162) (99) (101) (81)
Other gains (losses) and provisions 1 (2) 13 4 (1) 5
Profit before tax 163 178 177 297 278 314
Tax on profit (22) (44) (45) (51) (55) (69)
Profit from continuing operations 141 134 132 246 223 245
Net profit from discontinued operations - - - - - -
Consolidated profit 141 134 132 246 223 245
Non-controlling interests (42) (45) (41) (76) (70) (77)
Underlying attributable profit to the parent 99 90 90 170 153 168
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 39,568 40,674 41,104 39,776 39,835 39,922
Cash, central banks and credit institutions 10,094 9,313 6,979 5,895 6,122 11,748
Debt instruments 4,169 6,371 7,088 8,449 8,666 8,315
Other financial assets 14,268 14,228 11,516 10,323 7,972 6,293
Other asset accounts 3,713 3,541 3,246 3,107 3,034 2,883
Total assets 71,812 74,126 69,933 67,551 65,630 69,162
Customer deposits 29,458 30,512 28,754 28,646 29,745 33,316
Central banks and credit institutions 9,981 12,642 13,421 11,728 11,116 11,664
Marketable debt securities 11,343 10,258 9,164 9,339 9,069 9,083
Other financial liabilities 14,793 14,437 12,244 11,274 8,777 8,513
Other liabilities accounts 1,301 1,365 1,347 1,535 1,758 1,871
Total liabilities 66,875 69,214 64,931 62,523 60,465 64,447
Total equity 4,936 4,913 5,002 5,028 5,165 4,714
Memorandum items:
Gross loans and advances to customers ** 40,660 41,827 42,232 41,000 41,094 41,125
Customer funds 36,750 38,403 37,381 38,253 38,727 42,312
Customer deposits *** 29,280 30,352 28,704 28,614 29,694 33,281
Mutual funds 7,470 8,050 8,677 9,639 9,033 9,031
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Chile_CLP
Chile
CLP million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 875,500 781,072 94,429 12.1
Net fee income 165,329 148,940 16,388 11.0
Gains (losses) on financial transactions * 69,970 94,040 (24,070) (25.6)
Other operating income (24,260) (6,559) (17,702) 269.9
Total income 1,086,539 1,017,494 69,045 6.8
Administrative expenses and amortisations (417,559) (410,236) (7,323) 1.8
Net operating income 668,980 607,258 61,722 10.2
Net loan-loss provisions (157,893) (309,889) 151,996 (49.0)
Other gains (losses) and provisions 2,860 (1,166) 4,026 -
Profit before tax 513,946 296,203 217,743 73.5
Tax on profit (108,179) (56,834) (51,344) 90.3
Profit from continuing operations 405,768 239,369 166,399 69.5
Net profit from discontinued operations - - - -
Consolidated profit 405,768 239,369 166,399 69.5
Non-controlling interests (127,040) (75,438) (51,603) 68.4
Underlying attributable profit to the parent 278,727 163,931 114,796 70.0
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 34,459,475 35,107,863 (648,388) (1.8)
Cash, central banks and credit institutions 10,140,661 8,038,601 2,102,060 26.1
Debt instruments 7,177,183 5,499,152 1,678,031 30.5
Other financial assets 5,431,504 12,281,212 (6,849,708) (55.8)
Other asset accounts 2,488,715 3,056,077 (567,362) (18.6)
Total assets 59,697,537 63,982,904 (4,285,366) (6.7)
Customer deposits 28,757,426 26,336,802 2,420,624 9.2
Central banks and credit institutions 10,068,085 10,911,853 (843,768) (7.7)
Marketable debt securities 7,840,095 8,854,146 (1,014,051) (11.5)
Other financial liabilities 7,348,050 12,461,616 (5,113,566) (41.0)
Other liabilities accounts 1,614,785 1,178,071 436,714 37.1
Total liabilities 55,628,441 59,742,488 (4,114,047) (6.9)
Total equity 4,069,096 4,240,416 (171,320) (4.0)
Memorandum items:
Gross loans and advances to customers ** 35,497,361 36,103,145 (605,784) (1.7)
Customer funds 36,521,929 33,147,558 3,374,371 10.2
Customer deposits *** 28,726,768 26,198,952 2,527,815 9.6
Mutual funds 7,795,161 6,948,606 846,556 12.2
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Chile
CLP million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 397,015 384,057 383,394 447,669 433,780 441,721
Net fee income 81,770 67,170 67,421 85,452 82,698 82,631
Gains (losses) on financial transactions * 11,842 82,198 46,097 16,616 28,201 41,769
Other operating income (989) (5,570) (11,094) (11,299) (8,722) (15,538)
Total income 489,638 527,855 485,818 538,437 535,956 550,583
Administrative expenses and amortisations (204,237) (205,998) (203,043) (198,727) (205,743) (211,816)
Net operating income 285,401 321,857 282,775 339,710 330,213 338,767
Net loan-loss provisions (144,587) (165,302) (140,381) (85,889) (87,495) (70,398)
Other gains (losses) and provisions 739 (1,905) 11,526 3,859 (1,155) 4,015
Profit before tax 141,553 154,650 153,920 257,680 241,563 272,384
Tax on profit (18,934) (37,901) (39,452) (43,942) (48,065) (60,113)
Profit from continuing operations 122,619 116,749 114,468 213,738 193,497 212,270
Net profit from discontinued operations - - - - - -
Consolidated profit 122,619 116,749 114,468 213,738 193,497 212,270
Non-controlling interests (36,607) (38,831) (36,014) (66,204) (60,449) (66,592)
Underlying attributable profit to the parent 86,013 77,918 78,454 147,535 133,049 145,679
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 34,153,953 35,107,863 35,479,058 34,333,288 34,384,326 34,459,475
Cash, central banks and credit institutions 8,713,074 8,038,601 6,024,259 5,088,357 5,284,687 10,140,661
Debt instruments 3,598,198 5,499,152 6,118,297 7,292,913 7,480,101 7,177,183
Other financial assets 12,315,275 12,281,212 9,940,121 8,910,722 6,881,473 5,431,504
Other asset accounts 3,204,664 3,056,077 2,801,491 2,681,686 2,618,905 2,488,715
Total assets 61,985,164 63,982,904 60,363,226 58,306,966 56,649,493 59,697,537
Customer deposits 25,426,955 26,336,802 24,819,403 24,726,371 25,674,496 28,757,426
Central banks and credit institutions 8,614,923 10,911,853 11,584,513 10,123,080 9,594,806 10,068,085
Marketable debt securities 9,790,820 8,854,146 7,910,294 8,061,455 7,828,304 7,840,095
Other financial liabilities 12,768,355 12,461,616 10,568,729 9,731,665 7,575,925 7,348,050
Other liabilities accounts 1,123,129 1,178,071 1,163,100 1,324,675 1,517,468 1,614,785
Total liabilities 57,724,181 59,742,488 56,046,038 53,967,245 52,190,999 55,628,441
Total equity 4,260,983 4,240,416 4,317,188 4,339,720 4,458,494 4,069,096
Memorandum items:
Gross loans and advances to customers ** 35,096,343 36,103,145 36,452,924 35,389,867 35,471,107 35,497,361
Customer funds 31,721,352 33,147,558 32,265,874 33,018,287 33,427,696 36,521,929
Customer deposits *** 25,273,742 26,198,952 24,776,291 24,698,264 25,630,481 28,726,768
Mutual funds 6,447,610 6,948,606 7,489,583 8,320,023 7,797,215 7,795,161
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Argentina_EUR
Argentina
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 440 502 (63) (12.5)
Net fee income 161 132 29 22.3
Gains (losses) on financial transactions * 66 33 33 99.8
Other operating income (103) (39) (64) 163.1
Total income 563 628 (65) (10.3)
Administrative expenses and amortisations (349) (339) (11) 3.1
Net operating income 214 289 (75) (26.0)
Net loan-loss provisions (48) (132) 84 (63.3)
Other gains (losses) and provisions (65) (32) (34) 107.1
Profit before tax 100 125 (25) (20.1)
Tax on profit 8 (16) 24 -
Profit from continuing operations 108 110 (1) (1.2)
Net profit from discontinued operations - - - -
Consolidated profit 108 110 (1) (1.2)
Non-controlling interests (1) (1) 0 (5.1)
Underlying attributable profit to the parent 108 109 (1) (1.1)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 4,457 4,721 (263) (5.6)
Cash, central banks and credit institutions 3,207 2,986 221 7.4
Debt instruments 2,188 2,659 (471) (17.7)
Other financial assets 77 68 9 12.9
Other asset accounts 835 840 (5) (0.6)
Total assets 10,765 11,275 (510) (4.5)
Customer deposits 7,787 8,134 (347) (4.3)
Central banks and credit institutions 824 1,043 (219) (21.0)
Marketable debt securities 63 76 (13) (16.5)
Other financial liabilities 675 651 24 3.6
Other liabilities accounts 313 365 (51) (14.1)
Total liabilities 9,663 10,269 (606) (5.9)
Total equity 1,102 1,006 96 9.6
Memorandum items:
Gross loans and advances to customers ** 4,713 4,970 (257) (5.2)
Customer funds 9,896 9,669 227 2.3
Customer deposits *** 7,787 8,134 (347) (4.3)
Mutual funds 2,109 1,535 574 37.4
Ratios (%), operating means and customers
Underlying RoTE 23.95 28.76 (4.81 p.)
Efficiency ratio 62.0 54.0 8.1 p.
NPL ratio 3.34 3.15 0.19 p.
Coverage ratio 167.6 165.7 2.0 p.
Number of employees 8,814 9,244 (430) (4.7)
Number of branches 408 438 (30) (6.8)
Number of loyal customers (thousands) 1,568 1,302 266 20.4
Number of digital customers (thousands) 2,716 2,557 159 6.2
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Argentina
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 241 261 218 192 204 235
Net fee income 76 56 70 71 74 87
Gains (losses) on financial transactions * 23 10 18 11 32 34
Other operating income (22) (17) (32) (48) (47) (56)
Total income 318 310 274 226 262 301
Administrative expenses and amortisations (186) (153) (152) (141) (171) (179)
Net operating income 132 157 122 85 92 122
Net loan-loss provisions (75) (57) (46) (48) (14) (35)
Other gains (losses) and provisions (14) (18) (17) (22) (34) (31)
Profit before tax 44 82 59 15 44 57
Tax on profit (9) (7) (7) 3 2 6
Profit from continuing operations 34 75 52 18 46 63
Net profit from discontinued operations - - - - - -
Consolidated profit 34 75 52 18 46 63
Non-controlling interests (0) (0) (0) (0) (0) (0)
Underlying attributable profit to the parent 34 75 52 18 45 62
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 4,485 4,721 4,502 4,151 4,310 4,457
Cash, central banks and credit institutions 3,395 2,986 3,082 3,048 3,647 3,207
Debt instruments 2,226 2,659 2,111 1,897 1,611 2,188
Other financial assets 77 68 64 59 65 77
Other asset accounts 824 840 826 832 827 835
Total assets 11,006 11,275 10,584 9,988 10,459 10,765
Customer deposits 8,305 8,134 7,605 7,179 7,518 7,787
Central banks and credit institutions 675 1,043 982 840 821 824
Marketable debt securities 87 76 23 20 67 63
Other financial liabilities 631 651 614 657 696 675
Other liabilities accounts 388 365 376 359 324 313
Total liabilities 10,086 10,269 9,600 9,056 9,426 9,663
Total equity 920 1,006 984 931 1,033 1,102
Memorandum items:
Gross loans and advances to customers ** 4,724 4,970 4,746 4,395 4,544 4,713
Customer funds 9,569 9,669 9,421 8,795 9,499 9,896
Customer deposits *** 8,305 8,134 7,605 7,179 7,518 7,787
Mutual funds 1,264 1,535 1,816 1,616 1,981 2,109
Other information
NPL ratio 3.97 3.15 2.88 2.11 2.32 3.34
Coverage ratio 131.2 165.7 186.3 275.1 232.4 167.6
Cost of credit 5.48 5.67 5.54 5.93 4.55 3.94
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Argentina_EUR-KTES
Argentina
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 440 351 89 25.3
Net fee income 161 92 69 75.1
Gains (losses) on financial transactions * 66 23 43 186.1
Other operating income (103) (27) (76) 276.7
Total income 563 439 125 28.5
Administrative expenses and amortisations (349) (237) (113) 47.6
Net operating income 214 202 12 6.0
Net loan-loss provisions (48) (92) 44 (47.4)
Other gains (losses) and provisions (65) (22) (43) 196.5
Profit before tax 100 88 13 14.3
Tax on profit 8 (11) 19 -
Profit from continuing operations 108 77 32 41.5
Net profit from discontinued operations - - - -
Consolidated profit 108 77 32 41.5
Non-controlling interests (1) (1) (0) 35.8
Underlying attributable profit to the parent 108 76 32 41.5
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 4,457 3,297 1,160 35.2
Cash, central banks and credit institutions 3,207 2,086 1,121 53.8
Debt instruments 2,188 1,857 330 17.8
Other financial assets 77 48 29 61.7
Other asset accounts 835 587 249 42.4
Total assets 10,765 7,875 2,890 36.7
Customer deposits 7,787 5,681 2,106 37.1
Central banks and credit institutions 824 728 96 13.1
Marketable debt securities 63 53 10 19.5
Other financial liabilities 675 455 220 48.4
Other liabilities accounts 313 255 59 23.0
Total liabilities 9,663 7,173 2,490 34.7
Total equity 1,102 703 400 56.9
Memorandum items:
Gross loans and advances to customers ** 4,713 3,471 1,242 35.8
Customer funds 9,896 6,754 3,143 46.5
Customer deposits *** 7,787 5,681 2,106 37.1
Mutual funds 2,109 1,072 1,037 96.7
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Argentina
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 150 201 217 261 194 245
Net fee income 47 45 67 89 70 91
Gains (losses) on financial transactions * 14 9 17 16 30 35
Other operating income (14) (14) (29) (52) (45) (58)
Total income 197 241 272 314 249 314
Administrative expenses and amortisations (115) (121) (151) (187) (162) (187)
Net operating income 82 120 122 127 87 127
Net loan-loss provisions (46) (46) (48) (65) (13) (35)
Other gains (losses) and provisions (8) (14) (16) (26) (33) (33)
Profit before tax 27 61 58 36 41 59
Tax on profit (6) (5) (7) 0 2 6
Profit from continuing operations 21 55 51 36 43 65
Net profit from discontinued operations - - - - - -
Consolidated profit 21 55 51 36 43 65
Non-controlling interests (0) (0) (0) (0) (0) (0)
Underlying attributable profit to the parent 21 55 51 36 43 65
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 2,787 3,297 3,548 3,771 4,100 4,457
Cash, central banks and credit institutions 2,109 2,086 2,429 2,770 3,469 3,207
Debt instruments 1,383 1,857 1,664 1,723 1,532 2,188
Other financial assets 48 48 50 54 62 77
Other asset accounts 512 587 651 756 786 835
Total assets 6,839 7,875 8,342 9,074 9,950 10,765
Customer deposits 5,160 5,681 5,994 6,522 7,151 7,787
Central banks and credit institutions 420 728 774 764 781 824
Marketable debt securities 54 53 18 18 63 63
Other financial liabilities 392 455 484 597 662 675
Other liabilities accounts 241 255 296 327 308 313
Total liabilities 6,267 7,173 7,566 8,228 8,967 9,663
Total equity 572 703 776 846 983 1,102
Memorandum items:
Gross loans and advances to customers ** 2,935 3,471 3,740 3,993 4,323 4,713
Customer funds 5,946 6,754 7,425 7,991 9,035 9,896
Customer deposits *** 5,160 5,681 5,994 6,522 7,151 7,787
Mutual funds 786 1,072 1,431 1,468 1,884 2,109
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Argentina_ARS
Argentina
ARS million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 49,901 39,837 10,064 25.3
Net fee income 18,318 10,459 7,859 75.1
Gains (losses) on financial transactions * 7,439 2,600 4,839 186.1
Other operating income (11,700) (3,106) (8,594) 276.7
Total income 63,958 49,790 14,168 28.5
Administrative expenses and amortisations (39,666) (26,867) (12,799) 47.6
Net operating income 24,292 22,923 1,369 6.0
Net loan-loss provisions (5,506) (10,473) 4,967 (47.4)
Other gains (losses) and provisions (7,409) (2,499) (4,910) 196.5
Profit before tax 11,377 9,951 1,426 14.3
Tax on profit 928 (1,254) 2,182 -
Profit from continuing operations 12,305 8,697 3,608 41.5
Net profit from discontinued operations - - - -
Consolidated profit 12,305 8,697 3,608 41.5
Non-controlling interests (78) (57) (21) 35.8
Underlying attributable profit to the parent 12,227 8,639 3,588 41.5
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 506,081 374,363 131,718 35.2
Cash, central banks and credit institutions 364,141 236,835 127,306 53.8
Debt instruments 248,403 210,889 37,514 17.8
Other financial assets 8,775 5,428 3,347 61.7
Other asset accounts 94,841 66,619 28,223 42.4
Total assets 1,222,241 894,134 328,107 36.7
Customer deposits 884,131 645,071 239,059 37.1
Central banks and credit institutions 93,541 82,694 10,847 13.1
Marketable debt securities 7,200 6,024 1,176 19.5
Other financial liabilities 76,642 51,659 24,983 48.4
Other liabilities accounts 35,576 28,920 6,656 23.0
Total liabilities 1,097,090 814,369 282,721 34.7
Total equity 125,151 79,765 45,386 56.9
Memorandum items:
Gross loans and advances to customers ** 535,121 394,135 140,986 35.8
Customer funds 1,123,632 766,830 356,802 46.5
Customer deposits *** 884,131 645,071 239,059 37.1
Mutual funds 239,502 121,759 117,743 96.7
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Argentina
ARS million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 16,991 22,846 24,646 29,613 22,035 27,866
Net fee income 5,327 5,132 7,611 10,109 7,977 10,342
Gains (losses) on financial transactions * 1,627 973 1,934 1,858 3,444 3,995
Other operating income (1,538) (1,568) (3,283) (5,906) (5,130) (6,570)
Total income 22,407 27,384 30,908 35,674 28,326 35,632
Administrative expenses and amortisations (13,112) (13,756) (17,093) (21,259) (18,420) (21,246)
Net operating income 9,295 13,628 13,815 14,416 9,906 14,386
Net loan-loss provisions (5,266) (5,207) (5,417) (7,430) (1,503) (4,003)
Other gains (losses) and provisions (953) (1,546) (1,821) (2,933) (3,691) (3,717)
Profit before tax 3,076 6,875 6,578 4,052 4,711 6,666
Tax on profit (655) (600) (771) 37 207 721
Profit from continuing operations 2,421 6,276 5,807 4,089 4,918 7,387
Net profit from discontinued operations - - - - - -
Consolidated profit 2,421 6,276 5,807 4,089 4,918 7,387
Non-controlling interests (16) (41) (48) (42) (30) (48)
Underlying attributable profit to the parent 2,405 6,234 5,759 4,047 4,888 7,339
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 316,418 374,363 402,818 428,205 465,524 506,081
Cash, central banks and credit institutions 239,490 236,835 275,820 314,463 393,879 364,141
Debt instruments 157,018 210,889 188,915 195,655 173,957 248,403
Other financial assets 5,411 5,428 5,703 6,121 7,029 8,775
Other asset accounts 58,124 66,619 73,869 85,862 89,280 94,841
Total assets 776,460 894,134 947,124 1,030,306 1,129,669 1,222,241
Customer deposits 585,886 645,071 680,509 740,552 811,963 884,131
Central banks and credit institutions 47,644 82,694 87,833 86,696 88,715 93,541
Marketable debt securities 6,121 6,024 2,070 2,080 7,198 7,200
Other financial liabilities 44,532 51,659 54,976 67,816 75,219 76,642
Other liabilities accounts 27,349 28,920 33,663 37,074 34,986 35,576
Total liabilities 711,532 814,369 859,052 934,218 1,018,081 1,097,090
Total equity 64,928 79,765 88,072 96,088 111,588 125,151
Memorandum items:
Gross loans and advances to customers ** 333,230 394,135 424,680 453,390 490,797 535,121
Customer funds 675,072 766,830 842,998 907,243 1,025,880 1,123,632
Customer deposits *** 585,886 645,071 680,509 740,552 811,963 884,131
Mutual funds 89,186 121,759 162,489 166,691 213,917 239,502
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other_South_America_EUR
Other South America
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 186 213 (26) (12.4)
Net fee income 88 74 13 18.0
Gains (losses) on financial transactions * 31 32 (1) (2.5)
Other operating income (12) (8) (4) 53.8
Total income 293 311 (18) (5.8)
Administrative expenses and amortisations (185) (137) (49) 35.7
Net operating income 108 175 (67) (38.2)
Net loan-loss provisions (39) (47) 8 (17.6)
Other gains (losses) and provisions (2) (5) 3 (61.4)
Profit before tax 67 123 (56) (45.3)
Tax on profit (32) (28) (4) 15.3
Profit from continuing operations 35 95 (60) (63.0)
Net profit from discontinued operations - - - -
Consolidated profit 35 95 (60) (63.0)
Non-controlling interests 0 0 0 106.7
Underlying attributable profit to the parent 35 95 (60) (62.8)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 6,720 6,674 46 0.7
Cash, central banks and credit institutions 2,852 3,056 (204) (6.7)
Debt instruments 1,782 967 815 84.2
Other financial assets 127 185 (57) (31.0)
Other asset accounts 797 706 91 12.9
Total assets 12,278 11,588 690 6.0
Customer deposits 6,786 6,727 59 0.9
Central banks and credit institutions 3,420 3,167 253 8.0
Marketable debt securities 261 97 164 168.7
Other financial liabilities 109 98 12 11.8
Other liabilities accounts 322 308 14 4.5
Total liabilities 10,898 10,398 500 4.8
Total equity 1,380 1,190 190 16.0
Memorandum items:
Gross loans and advances to customers ** 6,874 6,803 71 1.0
Customer funds 6,829 6,765 64 0.9
Customer deposits *** 6,786 6,727 59 0.9
Mutual funds 43 38 5 13.7
Operating data
Number of employees 2,641 2,313 328 14.2
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other South America
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 106 107 91 94 93 93
Net fee income 40 34 40 43 41 46
Gains (losses) on financial transactions * 18 14 16 14 14 17
Other operating income (2) (6) (5) 5 (7) (5)
Total income 162 149 143 157 141 152
Administrative expenses and amortisations (72) (65) (70) (78) (90) (96)
Net operating income 90 85 73 79 51 57
Net loan-loss provisions (21) (27) (19) (20) (20) (19)
Other gains (losses) and provisions (2) (2) 1 (0) (1) (1)
Profit before tax 67 55 55 59 30 37
Tax on profit (15) (12) (13) (14) (16) (16)
Profit from continuing operations 52 43 43 45 14 21
Net profit from discontinued operations - - - - - -
Consolidated profit 52 43 43 45 14 21
Non-controlling interests 0 0 0 0 0 0
Underlying attributable profit to the parent 52 43 43 45 14 21
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 6,183 6,674 6,380 6,239 6,571 6,720
Cash, central banks and credit institutions 3,169 3,056 2,993 2,803 3,055 2,852
Debt instruments 691 967 1,301 1,386 1,439 1,782
Other financial assets 190 185 177 185 121 127
Other asset accounts 531 706 670 692 828 797
Total assets 10,764 11,588 11,522 11,306 12,013 12,278
Customer deposits 6,356 6,727 6,550 6,184 6,837 6,786
Central banks and credit institutions 2,835 3,167 3,247 3,239 3,214 3,420
Marketable debt securities 112 97 105 112 114 261
Other financial liabilities 127 98 89 101 103 109
Other liabilities accounts 304 308 264 298 348 322
Total liabilities 9,735 10,398 10,255 9,934 10,615 10,898
Total equity 1,030 1,190 1,267 1,372 1,398 1,380
Memorandum items:
Gross loans and advances to customers ** 6,308 6,803 6,510 6,373 6,715 6,874
Customer funds 6,394 6,765 6,587 6,222 6,878 6,829
Customer deposits *** 6,356 6,727 6,550 6,184 6,837 6,786
Mutual funds 38 38 37 38 41 43
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other_South_America_EUR-KTES
Other South America
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 186 184 2 1.3
Net fee income 88 66 22 32.8
Gains (losses) on financial transactions * 31 28 3 11.7
Other operating income (12) (7) (5) 69.8
Total income 293 271 22 8.3
Administrative expenses and amortisations (185) (121) (65) 53.5
Net operating income 108 150 (42) (28.1)
Net loan-loss provisions (39) (41) 2 (5.0)
Other gains (losses) and provisions (2) (4) 2 (57.9)
Profit before tax 67 105 (38) (36.0)
Tax on profit (32) (24) (8) 35.1
Profit from continuing operations 35 81 (46) (56.7)
Net profit from discontinued operations - - - -
Consolidated profit 35 81 (46) (56.7)
Non-controlling interests 0 0 0 106.7
Underlying attributable profit to the parent 35 81 (46) (56.4)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 6,720 6,055 666 11.0
Cash, central banks and credit institutions 2,852 2,773 79 2.8
Debt instruments 1,782 886 896 101.1
Other financial assets 127 177 (49) (27.9)
Other asset accounts 797 682 116 17.0
Total assets 12,278 10,572 1,706 16.1
Customer deposits 6,786 6,118 668 10.9
Central banks and credit institutions 3,420 2,886 534 18.5
Marketable debt securities 261 85 176 208.0
Other financial liabilities 109 90 19 21.4
Other liabilities accounts 322 281 41 14.6
Total liabilities 10,898 9,460 1,438 15.2
Total equity 1,380 1,112 268 24.1
Memorandum items:
Gross loans and advances to customers ** 6,874 6,171 702 11.4
Customer funds 6,829 6,153 676 11.0
Customer deposits *** 6,786 6,118 668 10.9
Mutual funds 43 35 8 24.2
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Other South America
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 88 96 88 92 92 95
Net fee income 35 31 39 42 41 47
Gains (losses) on financial transactions * 15 13 15 14 14 17
Other operating income (2) (5) (5) 5 (7) (5)
Total income 136 135 136 152 139 154
Administrative expenses and amortisations (61) (59) (67) (76) (89) (96)
Net operating income 75 75 69 76 50 58
Net loan-loss provisions (17) (24) (18) (19) (20) (19)
Other gains (losses) and provisions (2) (2) 1 (0) (1) (1)
Profit before tax 56 49 52 57 29 38
Tax on profit (13) (11) (12) (14) (16) (16)
Profit from continuing operations 43 38 40 43 13 22
Net profit from discontinued operations - - - - - -
Consolidated profit 43 38 40 43 13 22
Non-controlling interests 0 0 0 0 0 0
Underlying attributable profit to the parent 43 38 40 43 13 22
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 5,570 6,055 6,149 6,095 6,457 6,720
Cash, central banks and credit institutions 2,877 2,773 2,883 2,773 3,034 2,852
Debt instruments 641 886 1,262 1,367 1,433 1,782
Other financial assets 180 177 173 183 118 127
Other asset accounts 509 682 664 687 822 797
Total assets 9,777 10,572 11,130 11,105 11,865 12,278
Customer deposits 5,794 6,118 6,303 6,114 6,804 6,786
Central banks and credit institutions 2,542 2,886 3,154 3,132 3,117 3,420
Marketable debt securities 92 85 97 109 110 261
Other financial liabilities 118 90 86 99 101 109
Other liabilities accounts 278 281 255 295 344 322
Total liabilities 8,824 9,460 9,896 9,749 10,476 10,898
Total equity 952 1,112 1,235 1,356 1,388 1,380
Memorandum items:
Gross loans and advances to customers ** 5,684 6,171 6,273 6,227 6,600 6,874
Customer funds 5,828 6,153 6,339 6,152 6,845 6,829
Customer deposits *** 5,794 6,118 6,303 6,114 6,804 6,786
Mutual funds 35 35 36 38 41 43
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
DCB_EUR
Digital Consumer Bank
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 2,130 2,142 (11) (0.5)
Net fee income 395 356 39 11.0
Gains (losses) on financial transactions * 9 (9) 18 -
Other operating income 71 16 55 330.8
Total income 2,606 2,505 101 4.0
Administrative expenses and amortisations (1,214) (1,148) (66) 5.7
Net operating income 1,392 1,357 35 2.6
Net loan-loss provisions (308) (531) 223 (41.9)
Other gains (losses) and provisions (76) 63 (138) -
Profit before tax 1,008 889 119 13.4
Tax on profit (265) (237) (29) 12.2
Profit from continuing operations 742 653 90 13.8
Net profit from discontinued operations - - - -
Consolidated profit 742 653 90 13.8
Non-controlling interests (173) (146) (28) 19.0
Underlying attributable profit to the parent 569 507 62 12.3
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 112,738 111,187 1,551 1.4
Cash, central banks and credit institutions 28,445 19,568 8,877 45.4
Debt instruments 5,738 4,565 1,173 25.7
Other financial assets 41 36 5 14.1
Other asset accounts 6,481 5,243 1,237 23.6
Total assets 153,443 140,599 12,844 9.1
Customer deposits 54,041 49,260 4,781 9.7
Central banks and credit institutions 47,980 37,704 10,277 27.3
Marketable debt securities 33,740 36,259 (2,518) (6.9)
Other financial liabilities 1,455 1,675 (220) (13.2)
Other liabilities accounts 4,208 3,789 419 11.1
Total liabilities 141,424 128,687 12,737 9.9
Total equity 12,019 11,912 106 0.9
Memorandum items:
Gross loans and advances to customers ** 115,526 114,006 1,520 1.3
Customer funds 56,190 49,797 6,393 12.8
Customer deposits *** 54,041 49,260 4,781 9.7
Mutual funds 2,149 536 1,613 300.7
Ratios (%), operating means and customers
Underlying RoTE 12.04 10.54 1.50 p.
Efficiency ratio 46.6 45.8 0.8 p.
NPL ratio 2.18 2.31 (0.14 p.)
Coverage ratio 111.9 108.0 3.9 p.
Number of employees 15,834 15,373 461 3.0
Number of branches 314 408 (94) (23.0)
Number of total customers (thousands) 19,421 20,291 (870) (4.3)
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Digital Consumer Bank
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 1,088 1,054 1,048 1,073 1,056 1,075
Net fee income 192 163 211 205 188 206
Gains (losses) on financial transactions * (12) 3 8 17 8 1
Other operating income 23 (6) 42 57 51 20
Total income 1,291 1,214 1,309 1,352 1,304 1,302
Administrative expenses and amortisations (596) (552) (585) (596) (600) (613)
Net operating income 695 662 724 756 703 689
Net loan-loss provisions (331) (200) (222) (204) (166) (142)
Other gains (losses) and provisions 40 23 (20) 6 (31) (45)
Profit before tax 404 485 482 558 506 502
Tax on profit (107) (129) (125) (133) (135) (131)
Profit from continuing operations 297 356 357 424 372 371
Net profit from discontinued operations - - 0 (0) - -
Consolidated profit 297 356 357 424 372 371
Non-controlling interests (63) (83) (76) (79) (80) (93)
Underlying attributable profit to the parent 234 273 281 345 291 278
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 112,162 111,187 110,498 113,257 112,816 112,738
Cash, central banks and credit institutions 21,581 19,568 20,533 21,754 27,524 28,445
Debt instruments 2,710 4,565 5,559 5,660 5,946 5,738
Other financial assets 45 36 33 30 39 41
Other asset accounts 5,107 5,243 6,400 6,149 6,381 6,481
Total assets 141,605 140,599 143,023 146,851 152,705 153,443
Customer deposits 48,772 49,260 49,996 51,399 53,324 54,041
Central banks and credit institutions 37,155 37,704 39,151 41,567 47,600 47,980
Marketable debt securities 38,642 36,259 35,914 35,965 33,696 33,740
Other financial liabilities 1,275 1,675 1,655 1,370 1,539 1,455
Other liabilities accounts 3,633 3,789 4,088 3,940 3,928 4,208
Total liabilities 129,478 128,687 130,803 134,241 140,087 141,424
Total equity 12,128 11,912 12,220 12,610 12,619 12,019
Memorandum items:
Gross loans and advances to customers ** 114,970 114,006 113,335 116,083 115,663 115,526
Customer funds 49,226 49,797 50,566 52,058 54,103 56,190
Customer deposits *** 48,772 49,260 49,996 51,399 53,324 54,041
Mutual funds 453 536 570 658 779 2,149
Other information
NPL ratio 2.21 2.31 2.29 2.17 2.23 2.18
Coverage ratio 111.6 108.0 110.6 113.3 111.4 111.9
Cost of credit 0.63 0.74 0.79 0.83 0.69 0.64
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
DCB_EUR-KTES
Digital Consumer Bank
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 2,130 2,154 (24) (1.1)
Net fee income 395 356 39 11.0
Gains (losses) on financial transactions * 9 (10) 19 -
Other operating income 71 17 54 325.4
Total income 2,606 2,517 88 3.5
Administrative expenses and amortisations (1,214) (1,153) (61) 5.3
Net operating income 1,392 1,364 27 2.0
Net loan-loss provisions (308) (533) 225 (42.2)
Other gains (losses) and provisions (76) 64 (140) -
Profit before tax 1,008 895 113 12.6
Tax on profit (265) (238) (28) 11.6
Profit from continuing operations 742 658 85 12.9
Net profit from discontinued operations - - - -
Consolidated profit 742 658 85 12.9
Non-controlling interests (173) (146) (28) 19.1
Underlying attributable profit to the parent 569 512 57 11.1
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 112,738 112,607 131 0.1
Cash, central banks and credit institutions 28,445 19,723 8,722 44.2
Debt instruments 5,738 4,583 1,155 25.2
Other financial assets 41 37 5 12.6
Other asset accounts 6,481 5,326 1,155 21.7
Total assets 153,443 142,275 11,168 7.8
Customer deposits 54,041 49,717 4,324 8.7
Central banks and credit institutions 47,980 38,391 9,589 25.0
Marketable debt securities 33,740 36,571 (2,830) (7.7)
Other financial liabilities 1,455 1,692 (238) (14.1)
Other liabilities accounts 4,208 3,813 395 10.4
Total liabilities 141,424 130,183 11,241 8.6
Total equity 12,019 12,092 (73) (0.6)
Memorandum items:
Gross loans and advances to customers ** 115,526 115,449 77 0.1
Customer funds 56,190 50,253 5,937 11.8
Customer deposits *** 54,041 49,717 4,324 8.7
Mutual funds 2,149 536 1,613 300.7
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Digital Consumer Bank
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 1,087 1,068 1,058 1,084 1,058 1,073
Net fee income 192 164 211 205 189 206
Gains (losses) on financial transactions * (12) 3 7 17 8 1
Other operating income 23 (6) 43 58 51 20
Total income 1,290 1,228 1,320 1,364 1,306 1,300
Administrative expenses and amortisations (595) (558) (589) (601) (601) (613)
Net operating income 694 670 730 764 705 687
Net loan-loss provisions (331) (202) (224) (208) (166) (142)
Other gains (losses) and provisions 40 23 (20) 7 (31) (45)
Profit before tax 404 491 486 562 507 501
Tax on profit (107) (130) (126) (134) (135) (131)
Profit from continuing operations 297 361 360 428 372 370
Net profit from discontinued operations - - 0 (0) - -
Consolidated profit 297 361 360 428 372 370
Non-controlling interests (63) (83) (76) (79) (80) (93)
Underlying attributable profit to the parent 234 278 284 348 292 277
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 114,097 112,607 112,151 114,173 112,569 112,738
Cash, central banks and credit institutions 21,861 19,723 20,736 21,819 27,466 28,445
Debt instruments 2,812 4,583 5,596 5,680 5,955 5,738
Other financial assets 45 37 34 30 39 41
Other asset accounts 5,197 5,326 6,490 6,215 6,372 6,481
Total assets 144,011 142,275 145,008 147,916 152,401 153,443
Customer deposits 49,628 49,717 50,603 51,665 53,218 54,041
Central banks and credit institutions 37,822 38,391 39,889 42,062 47,495 47,980
Marketable debt securities 39,187 36,571 36,279 36,129 33,642 33,740
Other financial liabilities 1,296 1,692 1,673 1,380 1,537 1,455
Other liabilities accounts 3,667 3,813 4,122 3,956 3,924 4,208
Total liabilities 131,599 130,183 132,566 135,191 139,817 141,424
Total equity 12,412 12,092 12,441 12,725 12,584 12,019
Memorandum items:
Gross loans and advances to customers ** 116,957 115,449 115,026 117,022 115,418 115,526
Customer funds 50,081 50,253 51,173 52,323 53,997 56,190
Customer deposits *** 49,628 49,717 50,603 51,665 53,218 54,041
Mutual funds 453 536 570 658 779 2,149
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Corporate_Centre
Corporate Centre
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income (679) (658) (21) 3.2
Net fee income (13) (15) 2 (12.2)
Gains (losses) on financial transactions * (96) 78 (174) -
Other operating income (12) (22) 10 (47.0)
Total income (800) (617) (183) 29.6
Administrative expenses and amortisations (160) (166) 7 (4.1)
Net operating income (960) (784) (176) 22.4
Net loan-loss provisions (163) (11) (152) -
Other gains (losses) and provisions (66) (391) 325 (83.2)
Profit before tax (1,188) (1,186) (2) 0.2
Tax on profit 127 61 66 108.9
Profit from continuing operations (1,061) (1,125) 64 (5.7)
Net profit from discontinued operations - - - -
Consolidated profit (1,061) (1,125) 64 (5.7)
Non-controlling interests (1) (1) (1) 108.1
Underlying attributable profit to the parent (1,062) (1,125) 64 (5.6)
Change
Jun-21 Jun-20 Absolute %
Balance sheet
Loans and advances to customers 5,832 5,205 627 12.1
Cash, central banks and credit institutions 71,908 48,530 23,379 48.2
Debt instruments 1,605 1,340 265 19.7
Other financial assets 2,016 2,058 (41) (2.0)
Other asset accounts 118,374 115,303 3,071 2.7
Total assets 199,736 172,436 27,300 15.8
Customer deposits 1,017 770 247 32.1
Central banks and credit institutions 38,914 19,119 19,795 103.5
Marketable debt securities 69,217 63,010 6,208 9.9
Other financial liabilities 534 1,901 (1,367) (71.9)
Other liabilities accounts 8,009 8,225 (216) (2.6)
Total liabilities 117,691 93,024 24,667 26.5
Total equity 82,044 79,412 2,632 3.3
Memorandum items:
Gross loans and advances to customers ** 6,138 5,367 771 14.4
Customer funds 1,021 786 235 29.9
Customer deposits *** 1,017 770 247 32.1
Mutual funds 4 17 (12) (73.8)
Operating data
Number of employees 1,743 1,773 (30) (1.7)
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Corporate Centre
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income (304) (354) (371) (345) (324) (355)
Net fee income (9) (6) (11) (3) (5) (8)
Gains (losses) on financial transactions * 14 64 104 104 (44) (52)
Other operating income (5) (18) 6 (8) 3 (15)
Total income (304) (313) (271) (252) (370) (430)
Administrative expenses and amortisations (85) (82) (82) (80) (79) (81)
Net operating income (389) (395) (353) (333) (449) (511)
Net loan-loss provisions (3) (8) (16) (4) (154) (9)
Other gains (losses) and provisions (20) (370) (12) (9) (33) (33)
Profit before tax (413) (773) (381) (345) (635) (553)
Tax on profit (524) 585 52 (44) 108 19
Profit from continuing operations (937) (188) (330) (389) (527) (534)
Net profit from discontinued operations - - - - - -
Consolidated profit (937) (188) (330) (389) (527) (534)
Non-controlling interests (94) 94 (0) 0 0 (1)
Underlying attributable profit to the parent (1,031) (94) (330) (389) (527) (535)
Mar-20 Jun-20 Sep-20 Dic-20 Mar-21 Jun-21
Balance sheet
Loans and advances to customers 5,989 5,205 4,827 5,044 6,632 5,832
Cash, central banks and credit institutions 46,314 48,530 63,947 61,173 89,695 71,908
Debt instruments 1,292 1,340 2,100 1,918 1,450 1,605
Other financial assets 3,745 2,058 2,067 1,645 2,005 2,016
Other asset accounts 131,526 115,303 114,295 112,807 119,024 118,374
Total assets 188,866 172,436 187,236 182,587 218,806 199,736
Customer deposits 740 770 1,074 825 974 1,017
Central banks and credit institutions 27,484 19,119 42,654 38,554 62,440 38,914
Marketable debt securities 56,906 63,010 57,866 57,240 64,354 69,217
Other financial liabilities 803 1,901 1,143 493 1,085 534
Other liabilities accounts 8,917 8,225 7,645 9,443 8,106 8,009
Total liabilities 94,849 93,024 110,382 106,556 136,959 117,691
Total equity 94,017 79,412 76,854 76,031 81,847 82,044
Memorandum items:
Gross loans and advances to customers ** 6,135 5,367 5,008 5,224 6,972 6,138
Customer funds 751 786 1,089 837 992 1,021
Customer deposits *** 740 770 1,074 825 974 1,017
Mutual funds 11 17 15 12 18 4
(*).- Includes exchange differences.
(**).- Excluding reverse repos.
(***).- Excluding repos.
Index_SecondarySegments
SECONDARY SEGMENTS (quarterly data)
RETAIL BANKING - EUR ……………………………………………………………………………………………………………. Quarterly
RETAIL BANKING - Constant EUR ……………………………………………………………………………………………. Quarterly
CORPORATE & INVESTMENT BANKING - EUR ……………………………………………………………………………………………. Quarterly
CORPORATE & INVESTMENT BANKING - Constant EUR ……………………………………………………………………………………………. Quarterly
WEALTH MANAGEMENT & INSURANCE - EUR ……………………………………………………………………………………………. Quarterly
WEALTH MANAGEMENT & INSURANCE - Constant EUR ……………………………………………………………………………………………. Quarterly
PAGONXT - EUR ……………………………………………………………………………………………. Quarterly
PAGONXT - Constant EUR ……………………………………………………………………………………………. Quarterly
/xl/drawings/drawing55.xml#Index!A1
Retail_Banking-EUR
Retail Banking
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 15,238 15,276 (39) (0.3)
Net fee income 3,462 3,595 (133) (3.7)
Gains (losses) on financial transactions * 418 542 (124) (22.9)
Other operating income 230 (171) 400 -
Total income 19,347 19,242 105 0.5
Administrative expenses and amortisations (8,404) (8,823) 419 (4.8)
Net operating income 10,942 10,418 524 5.0
Net loan-loss provisions (3,509) (6,752) 3,243 (48.0)
Other gains (losses) and provisions (868) (562) (306) 54.5
Profit before tax 6,565 3,105 3,461 111.5
Tax on profit (2,105) (990) (1,115) 112.6
Profit from continuing operations 4,461 2,115 2,346 110.9
Net profit from discontinued operations - - - -
Consolidated profit 4,461 2,115 2,346 110.9
Non-controlling interests (670) (382) (288) 75.5
Underlying attributable profit to the parent 3,790 1,733 2,058 118.8
(*).- Includes exchange differences.
Retail Banking
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 8,004 7,272 7,280 7,500 7,472 7,766
Net fee income 2,058 1,536 1,707 1,685 1,709 1,753
Gains (losses) on financial transactions * 100 442 336 255 246 171
Other operating income 9 (179) 108 (90) 109 121
Total income 10,171 9,071 9,431 9,349 9,536 9,811
Administrative expenses and amortisations (4,632) (4,191) (4,183) (4,280) (4,157) (4,247)
Net operating income 5,538 4,880 5,248 5,069 5,378 5,564
Net loan-loss provisions (3,890) (2,862) (2,465) (2,415) (1,783) (1,726)
Other gains (losses) and provisions (343) (219) (267) (409) (405) (463)
Profit before tax 1,306 1,799 2,516 2,246 3,190 3,375
Tax on profit (433) (557) (883) (652) (1,047) (1,057)
Profit from continuing operations 873 1,242 1,633 1,594 2,143 2,318
Net profit from discontinued operations - - - - - -
Consolidated profit 873 1,242 1,633 1,594 2,143 2,318
Non-controlling interests (180) (202) (258) (281) (307) (364)
Underlying attributable profit to the parent 693 1,040 1,375 1,313 1,836 1,954
(*).- Includes exchange differences.
Retail_Banking-EUR-KTES
Retail Banking
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 15,238 14,237 1,001 7.0
Net fee income 3,462 3,326 136 4.1
Gains (losses) on financial transactions * 418 540 (123) (22.7)
Other operating income 230 (166) 395 -
Total income 19,347 17,937 1,410 7.9
Administrative expenses and amortisations (8,404) (8,324) (80) 1.0
Net operating income 10,942 9,613 1,330 13.8
Net loan-loss provisions (3,509) (6,215) 2,706 (43.5)
Other gains (losses) and provisions (868) (517) (351) 67.9
Profit before tax 6,565 2,881 3,685 127.9
Tax on profit (2,105) (897) (1,207) 134.6
Profit from continuing operations 4,461 1,983 2,477 124.9
Net profit from discontinued operations - - - -
Consolidated profit 4,461 1,983 2,477 124.9
Non-controlling interests (670) (367) (303) 82.4
Underlying attributable profit to the parent 3,790 1,616 2,174 134.6
(*).- Includes exchange differences.
Retail Banking
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 7,201 7,035 7,296 7,596 7,508 7,730
Net fee income 1,833 1,492 1,699 1,695 1,717 1,744
Gains (losses) on financial transactions * 116 424 332 243 245 173
Other operating income 20 (185) 97 (99) 111 119
Total income 9,171 8,766 9,423 9,435 9,581 9,766
Administrative expenses and amortisations (4,247) (4,077) (4,196) (4,333) (4,170) (4,234)
Net operating income 4,924 4,689 5,227 5,102 5,411 5,531
Net loan-loss provisions (3,486) (2,730) (2,502) (2,465) (1,795) (1,714)
Other gains (losses) and provisions (302) (215) (268) (420) (404) (464)
Profit before tax 1,136 1,744 2,457 2,217 3,212 3,353
Tax on profit (364) (533) (850) (637) (1,058) (1,046)
Profit from continuing operations 772 1,211 1,607 1,580 2,153 2,307
Net profit from discontinued operations - - 0 (0) - -
Consolidated profit 772 1,211 1,607 1,580 2,153 2,307
Non-controlling interests (170) (198) (253) (280) (307) (363)
Underlying attributable profit to the parent 603 1,013 1,354 1,300 1,846 1,944
(*).- Includes exchange differences.
C&IB_EUR
Corporate & Imvestment Banking
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 1,460 1,382 78 5.6
Net fee income 900 807 93 11.5
Gains (losses) on financial transactions * 512 410 102 24.9
Other operating income 66 107 (41) (38.1)
Total income 2,938 2,706 232 8.6
Administrative expenses and amortisations (1,069) (1,027) (42) 4.0
Net operating income 1,870 1,679 190 11.3
Net loan-loss provisions (68) (245) 177 (72.2)
Other gains (losses) and provisions 6 (42) 49 -
Profit before tax 1,808 1,392 416 29.9
Tax on profit (534) (399) (135) 33.8
Profit from continuing operations 1,274 993 281 28.3
Net profit from discontinued operations - - - -
Consolidated profit 1,274 993 281 28.3
Non-controlling interests (77) (65) (12) 18.8
Underlying attributable profit to the parent 1,197 928 269 29.0
(*).- Includes exchange differences.
Corporate & Imvestment Banking
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 677 705 771 765 720 739
Net fee income 402 405 360 375 466 434
Gains (losses) on financial transactions * 156 254 199 62 412 101
Other operating income 61 46 44 51 57 9
Total income 1,297 1,410 1,373 1,253 1,655 1,283
Administrative expenses and amortisations (528) (499) (488) (523) (526) (543)
Net operating income 769 910 885 730 1,130 740
Net loan-loss provisions (6) (239) (40) (185) (47) (21)
Other gains (losses) and provisions (15) (28) (20) (72) (25) 31
Profit before tax 748 644 825 472 1,058 750
Tax on profit (220) (179) (240) (134) (318) (215)
Profit from continuing operations 528 465 585 339 740 534
Net profit from discontinued operations - - - - - -
Consolidated profit 528 465 585 339 740 534
Non-controlling interests (34) (30) (31) (23) (36) (41)
Underlying attributable profit to the parent 494 434 554 316 704 494
(*).- Includes exchange differences.
C&IB_EUR-KTES
Corporate & Imvestment Banking
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 1,460 1,281 179 14.0
Net fee income 900 760 140 18.4
Gains (losses) on financial transactions * 512 342 170 49.6
Other operating income 66 110 (43) (39.6)
Total income 2,938 2,493 445 17.9
Administrative expenses and amortisations (1,069) (976) (93) 9.5
Net operating income 1,870 1,517 353 23.3
Net loan-loss provisions (68) (243) 175 (72.0)
Other gains (losses) and provisions 6 (41) 47 -
Profit before tax 1,808 1,233 575 46.6
Tax on profit (534) (350) (184) 52.7
Profit from continuing operations 1,274 884 390 44.2
Net profit from discontinued operations - - - -
Consolidated profit 1,274 884 390 44.2
Non-controlling interests (77) (57) (20) 35.3
Underlying attributable profit to the parent 1,197 827 370 44.8
(*).- Includes exchange differences.
Corporate & Imvestment Banking
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 607 674 765 775 721 738
Net fee income 365 395 356 380 467 433
Gains (losses) on financial transactions * 120 223 208 78 413 100
Other operating income 61 48 43 51 57 9
Total income 1,153 1,340 1,372 1,283 1,658 1,280
Administrative expenses and amortisations (489) (487) (489) (527) (526) (542)
Net operating income 664 853 884 756 1,132 737
Net loan-loss provisions (5) (237) (42) (183) (47) (21)
Other gains (losses) and provisions (14) (27) (20) (68) (25) 31
Profit before tax 645 588 821 506 1,061 747
Tax on profit (187) (163) (239) (144) (320) (214)
Profit from continuing operations 458 426 582 362 741 533
Net profit from discontinued operations - - - - - -
Consolidated profit 458 426 582 362 741 533
Non-controlling interests (29) (28) (31) (24) (37) (40)
Underlying attributable profit to the parent 429 398 551 338 705 493
(*).- Includes exchange differences.
WM&I_EUR
Wealth Management & Insurance
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 179 202 (23) (11.2)
Net fee income 612 578 34 6.0
Gains (losses) on financial transactions * 59 42 18 42.4
Other operating income 170 190 (20) (10.6)
Total income 1,021 1,012 9 0.9
Administrative expenses and amortisations (447) (449) 2 (0.4)
Net operating income 574 563 11 1.9
Net loan-loss provisions (8) (12) 4 (30.8)
Other gains (losses) and provisions (5) (3) (2) 51.7
Profit before tax 561 548 13 2.4
Tax on profit (137) (130) (7) 5.7
Profit from continuing operations 424 418 6 1.3
Net profit from discontinued operations - - - -
Consolidated profit 424 418 6 1.3
Non-controlling interests (18) (18) 1 (4.3)
Underlying attributable profit to the parent 406 400 6 1.6
(*).- Includes exchange differences.
Wealth Management & Insurance
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 109 93 92 100 88 91
Net fee income 308 269 279 296 297 316
Gains (losses) on financial transactions * 20 22 16 43 36 23
Other operating income 113 78 86 106 81 89
Total income 550 462 474 545 502 519
Administrative expenses and amortisations (237) (212) (207) (216) (220) (227)
Net operating income 313 250 266 329 281 293
Net loan-loss provisions (6) (6) (11) (5) (5) (3)
Other gains (losses) and provisions (1) (2) (3) 7 (3) (1)
Profit before tax 307 242 252 331 273 288
Tax on profit (74) (56) (60) (82) (67) (70)
Profit from continuing operations 232 186 193 249 206 218
Net profit from discontinued operations - - - - - -
Consolidated profit 232 186 193 249 206 218
Non-controlling interests (11) (8) (9) (11) (9) (9)
Underlying attributable profit to the parent 222 179 184 238 197 210
(*).- Includes exchange differences.
WM&I_EUR-KTES
Wealth Management & Insurance
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income 179 188 (9) (4.7)
Net fee income 612 553 59 10.6
Gains (losses) on financial transactions * 59 38 21 55.2
Other operating income 170 182 (12) (6.5)
Total income 1,021 962 59 6.2
Administrative expenses and amortisations (447) (428) (19) 4.4
Net operating income 574 534 40 7.6
Net loan-loss provisions (8) (12) 3 (29.0)
Other gains (losses) and provisions (5) (3) (1) 45.9
Profit before tax 561 519 42 8.2
Tax on profit (137) (124) (13) 10.6
Profit from continuing operations 424 395 29 7.4
Net profit from discontinued operations - - - -
Consolidated profit 424 395 29 7.4
Non-controlling interests (18) (17) (1) 3.1
Underlying attributable profit to the parent 406 378 29 7.6
(*).- Includes exchange differences.
Wealth Management & Insurance
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 100 89 92 101 88 91
Net fee income 290 263 278 297 297 315
Gains (losses) on financial transactions * 17 21 16 43 36 23
Other operating income 104 77 87 106 81 89
Total income 512 450 473 547 503 518
Administrative expenses and amortisations (222) (206) (207) (217) (221) (226)
Net operating income 290 244 265 331 282 292
Net loan-loss provisions (6) (6) (11) (5) (5) (3)
Other gains (losses) and provisions (1) (2) (3) 7 (3) (1)
Profit before tax 283 236 251 332 273 288
Tax on profit (70) (55) (59) (82) (67) (70)
Profit from continuing operations 214 181 192 250 206 218
Net profit from discontinued operations - - - - - -
Consolidated profit 214 181 192 250 206 218
Non-controlling interests (9) (8) (8) (11) (9) (9)
Underlying attributable profit to the parent 204 174 183 239 197 209
(*).- Includes exchange differences.
PagoNxt_EUR
PagoNxt
EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income (2) (0) (1) 281.8
Net fee income 209 171 37 21.6
Gains (losses) on financial transactions * 1 1 (1) (66.2)
Other operating income (18) 3 (21) -
Total income 189 176 14 7.9
Administrative expenses and amortisations (298) (188) (110) 58.8
Net operating income (108) (12) (96) 796.5
Net loan-loss provisions (5) (7) 2 (32.5)
Other gains (losses) and provisions (5) 1 (6) -
Profit before tax (118) (18) (100) 557.2
Tax on profit (10) (10) 1 (6.8)
Profit from continuing operations (128) (28) (100) 352.3
Net profit from discontinued operations - - - -
Consolidated profit (128) (28) (100) 352.3
Non-controlling interests 1 0 0 16.5
Underlying attributable profit to the parent (127) (28) (99) 357.9
(*).- Includes exchange differences.
PagoNxt
EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 0 (1) 0 (0) (1) (1)
Net fee income 94 78 88 103 81 127
Gains (losses) on financial transactions * 3 (1) (3) (1) 1 (0)
Other operating income 5 (2) (5) (1) (15) (3)
Total income 101 75 81 100 67 123
Administrative expenses and amortisations (95) (92) (113) (142) (136) (162)
Net operating income 5 (18) (33) (42) (69) (40)
Net loan-loss provisions (4) (3) (3) (2) (2) (2)
Other gains (losses) and provisions 7 (6) (1) (2) (2) (3)
Profit before tax 8 (26) (37) (46) (73) (45)
Tax on profit (9) (1) 3 (9) 1 (10)
Profit from continuing operations (1) (27) (34) (55) (72) (56)
Net profit from discontinued operations - - - - - -
Consolidated profit (1) (27) (34) (55) (72) (56)
Non-controlling interests 0 0 1 0 0 0
Underlying attributable profit to the parent (1) (27) (33) (55) (72) (56)
(*).- Includes exchange differences.
PagoNxt_EUR-KTES
PagoNxt
Constant EUR million
Change
H1'21 H1'20 Absolute %
Income statement
Net interest income (2) (0) (1) 562.5
Net fee income 209 150 59 39.2
Gains (losses) on financial transactions * 1 1 (0) (49.3)
Other operating income (18) 3 (21) -
Total income 189 154 36 23.4
Administrative expenses and amortisations (298) (172) (125) 72.7
Net operating income (108) (19) (89) 471.1
Net loan-loss provisions (5) (6) 1 (19.0)
Other gains (losses) and provisions (5) (0) (5) -
Profit before tax (118) (25) (93) 375.1
Tax on profit (10) (7) (2) 33.7
Profit from continuing operations (128) (32) (96) 298.9
Net profit from discontinued operations - - - -
Consolidated profit (128) (32) (96) 298.9
Non-controlling interests 1 0 0 16.6
Underlying attributable profit to the parent (127) (32) (96) 303.0
(*).- Includes exchange differences.
PagoNxt
Constant EUR million
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21
Income statement
Net interest income 0 (0) 0 (0) (1) (1)
Net fee income 75 74 88 102 82 126
Gains (losses) on financial transactions * 2 (1) (2) (1) 1 (0)
Other operating income 5 (2) (5) (1) (15) (3)
Total income 82 71 81 100 68 122
Administrative expenses and amortisations (84) (89) (112) (141) (136) (162)
Net operating income (2) (17) (32) (42) (69) (40)
Net loan-loss provisions (3) (3) (3) (2) (2) (2)
Other gains (losses) and provisions 5 (5) (1) (2) (2) (3)
Profit before tax 0 (25) (36) (46) (73) (46)
Tax on profit (6) (2) 2 (9) 1 (10)
Profit from continuing operations (5) (27) (33) (55) (72) (56)
Net profit from discontinued operations - - - - - -
Consolidated profit (5) (27) (33) (55) (72) (56)
Non-controlling interests 0 0 1 0 0 0
Underlying attributable profit to the parent (5) (27) (33) (55) (72) (56)
(*).- Includes exchange differences.
Index_Other
OTHER INFORMATION (quarterly)
Stages TOTAL GROUP
NPL ratio
Coverage ratio
Cost of credit
Risk Weighted Assets
/xl/drawings/drawing64.xml#Index!A1
Stages
Stages TOTAL GROUP
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Exposure subject to impairment (EUR billion) *
Stage 1 891 878 862 864 885 904
Stage 2 53 61 60 69 70 70
Stage 3 33 33 31 32 32 33
Coverage (%)
Stage 1 0.6 0.6 0.6 0.5 0.5 0.5
Stage 2 8.2 7.7 8.8 8.5 8.1 8.2
Stage 3 40.8 41.1 43.3 43.4 42.5 42.2
(*).- Additionally, customer loans not subject to impairment recorded at mark to market with changes through P&L (EUR 31 bn in March 2020, EUR 35 bn in June 2020, EUR 29 bn in September 2020, EUR 24 bn in December 2020, EUR 27 bn in March 2021 and EUR 26 bn in June 2021).
NPL_Ratio
NPL ratio
%
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Europe 3.37 3.41 3.29 3.34 3.26 3.30
Spain 6.88 6.55 5.98 6.23 6.18 6.22
United Kingdom 0.99 1.10 1.33 1.24 1.35 1.30
Portugal 4.56 4.43 4.25 3.89 3.84 3.71
Poland 4.29 4.57 4.58 4.74 4.82 4.58
North America 2.02 1.73 1.96 2.23 2.39 2.28
US 2.00 1.49 1.85 2.04 2.11 2.00
Mexico 2.07 2.50 2.33 2.81 3.21 3.10
South America 4.63 4.74 4.40 4.39 4.30 4.36
Brazil 4.93 5.07 4.64 4.59 4.42 4.55
Chile 4.63 4.99 4.76 4.79 4.74 4.57
Argentina 3.97 3.15 2.88 2.11 2.32 3.34
Digital Consumer Bank 2.21 2.31 2.29 2.17 2.23 2.18
TOTAL GROUP 3.25 3.26 3.15 3.21 3.20 3.22
NPL_Coverage
Coverage ratio
%
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Europe 47.0 46.5 48.7 50.3 50.0 48.4
Spain 44.6 43.3 46.0 47.1 47.2 46.0
United Kingdom 39.7 42.8 41.6 44.7 40.5 37.4
Portugal 59.0 60.9 64.3 66.5 69.2 73.0
Poland 68.1 69.0 70.8 70.7 70.3 72.4
North America 170.1 206.5 201.6 182.6 153.4 152.3
US 181.4 253.1 228.8 210.4 183.2 185.7
Mexico 133.9 114.9 132.6 120.8 95.6 90.6
South America 92.9 93.0 97.2 97.4 98.4 98.1
Brazil 108.0 110.2 114.9 113.2 116.5 112.3
Chile 57.2 54.7 59.7 61.4 63.4 63.9
Argentina 131.2 165.7 186.3 275.1 232.4 167.6
Digital Consumer Bank 111.6 108.0 110.6 113.3 111.4 111.9
TOTAL GROUP 71.3 72.1 76.0 76.4 74.0 72.9
Cost_credit
Cost of credit
%
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Europe 0.36 0.41 0.48 0.58 0.51 0.49
Spain 0.64 0.68 0.80 1.01 0.91 1.00
United Kingdom 0.14 0.22 0.26 0.27 0.21 0.09
Portugal 0.23 0.30 0.42 0.51 0.38 0.41
Poland 0.88 0.96 0.99 1.10 1.02 0.88
North America 3.02 3.21 3.07 2.92 2.34 1.67
US 3.13 3.30 3.08 2.86 2.12 1.34
Mexico 2.69 2.95 2.97 3.03 3.00 2.74
South America 3.29 3.49 3.50 3.32 2.81 2.51
Brazil 4.43 4.67 4.58 4.35 3.79 3.51
Chile 1.25 1.46 1.59 1.50 1.33 1.07
Argentina 5.48 5.67 5.54 5.93 4.55 3.94
Digital Consumer Bank 0.63 0.74 0.79 0.83 0.69 0.64
TOTAL GROUP 1.17 1.26 1.27 1.28 1.08 0.94
RiskWeighted_Assets
Risk-weighted assets
EUR million
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21
Europe 262,828 250,383 248,247 250,788 251,407 255,603
Spain 119,255 112,488 110,295 111,980 106,912 108,300
United Kingdom 71,145 67,931 69,985 69,090 72,260 72,086
Portugal 18,242 17,231 17,113 17,354 17,184 16,971
Poland 22,218 21,501 20,558 20,541 20,244 20,219
Other Europe 31,968 31,232 30,296 31,822 34,807 38,027
North America 114,221 111,479 102,698 101,536 102,642 104,854
United States 88,510 85,098 77,336 74,910 77,126 78,785
Mexico 25,677 26,179 25,155 26,418 25,272 25,816
Other North America 34 202 206 208 244 254
South America 120,442 115,304 108,059 112,553 116,993 129,328
Brazil 77,201 72,468 67,512 71,307 71,841 84,150
Chile 29,847 29,458 27,858 28,575 31,926 31,829
Argentina 6,315 5,981 5,780 5,831 5,960 6,091
Other South America 7,080 7,397 6,909 6,840 7,266 7,258
Digital Consumer Bank 80,956 79,499 79,533 80,203 80,793 80,667
Corporate Centre 12,506 10,779 16,586 17,500 15,962 14,547
TOTAL GROUP 590,952 567,446 555,122 562,580 567,797 584,999

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Banco Santander SA published this content on 25 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 07:12:07 UTC.