Financial highlights
| |
Euro million |
| |
30 Jun. 18 |
30 Jun. 17 |
Change 18/17 |
| |
|
|
|
Balance sheet |
|
|
|
| Total assets |
73,100 |
73,024 |
0.1% |
| Loans to customers (gross) |
50,468 |
51,684 |
-2.4% |
| Total customer funds (2) |
72,458 |
68,390 |
5.9% |
| Balance sheet total customer funds |
54,674 |
52,228 |
4.7% |
| Deposits and other resources from customers |
53,455 |
50,636 |
5.6% |
| Loans to customers (net) / Deposits and other resources from customers (3) |
88% |
95% |
|
| Loans to customers (net) / Balance sheet customer funds |
86% |
92% |
|
| |
|
|
|
Results |
|
|
|
| Net income |
150.6 |
89.9 |
67.5% |
| Net interest income |
687.7 |
678.5 |
1.3% |
| Net operating revenues |
1,056.8 |
1,048.8 |
0.8% |
| Operating costs |
500.8 |
450.2 |
11.2% |
| Operating costs excluding specific items (4) |
492.8 |
473.9 |
4.0% |
| Loan impairment charges (net of recoveries) |
220.8 |
305.0 |
-27.6% |
| Other impairment and provisions |
59.0 |
110.3 |
-46.5% |
| Income taxes |
|
|
|
| Current |
49.9 |
54.5 |
|
| Deferred |
22.0 |
(11.1) |
|
| |
|
|
|
Profitability |
|
|
|
| Net operating revenues / Average net assets (3) |
2.9% |
2.9% |
|
| Return on average assets (ROA)(5) |
0.6% |
0.4% |
|
| Income before tax and non-controlling interests / Average net assets (3) |
0.8% |
0.5% |
|
| Return on average equity (ROE) |
5.3% |
3.3% |
|
| Income before tax and non-controlling interests / Average equity (3) |
8.3% |
5.8% |
|
| |
|
|
|
Credit quality |
|
|
|
| Total impairment (balance sheet) / Loans to customers |
6.6% |
7.0% |
|
| Cost of risk (net of recoveries, in b.p.) |
88 |
118 |
|
| Non-Performing Exposures / Loans to customers |
13.2% |
17.0% |
|
| Restructured loans / Loans to customers |
8.0% |
9.6% |
|
| |
|
|
|
Efficiency Ratios (3) (4) |
|
|
|
| Operating costs / Net operating revenues |
46.6% |
45.2% |
|
| Operating costs / Net operating revenues (Portugal activity) |
48.1% |
45.9% |
|
| Staff costs / Net operating revenues |
26.7% |
25.3% |
|
| |
|
|
|
Capital (6) |
|
|
|
| Common equity tier I phased-in |
11.7% |
13.0% |
|
| Common equity tier I fully-implemented |
11.7% |
11.3% |
|
| |
|
|
|
Branches |
|
|
|
| Portugal activity |
573 |
7,333 |
-3.9% |
| Foreign activity |
550 |
8,474 |
1.9% |
| |
|
|
|
Employees |
|
|
|
| Portugal activity |
7,151 |
7,303 |
-2.1% |
| Foreign activity |
8,562 |
8,506 |
0.7% |
(1) Some of the presented indicators reflect the management criteria of the Group, being defined in the glossary and in the chapter of financial information, where applicable.
(2) As at 30 June 2018, the concepts underlying the determination of off-balance sheet customer funds were adjusted to reflect the new legal and regulatory framework imposed by the Financial Instruments Markets Directive (DMIF II), as well as changes implemented regarding the perimeter considered and the criteria adopted, namely with regard to the inclusion of amounts held by customers in the context of the placement of third-party products that contribute to the recognition of commissions ("assets placed with customers"). The information with reference to the end of the first half of 2017 is presented according to the new criteria, on a comparable basis.
(3) According to Instruction from the Bank of Portugal no. 16/2004, as the currently existing version.
(4) Excludes specific items: related to restructuring costs and the revision of Collective Labour Agreements in the activity in Portugal (negative impact of Euro 8.0 million in the first half of 2018 and positive impact of Euro 23.7 million in the first half of 2017, both in staff costs).
(5) Considering net income before non-controlling interests.
(6) June 2018 and June 2017 include the accumulated net income of each period.