Financial highlights
| |
Euro million |
| |
30 Sep. 18 |
30 Sep. 17 |
Change 18/17 |
| |
|
|
|
Balance sheet |
|
|
|
| Total assets |
73,745 |
72,990 |
1.0% |
| Loans to customers (gross) |
51,150 |
50,754 |
0.8% |
| Total customer funds (2) |
72,786 |
68,984 |
5.5% |
| Balance sheet total customer funds |
54,922 |
52,265 |
5.1% |
| Deposits and other resources from customers |
53,624 |
50,690 |
5.8% |
| Loans to customers (net) / Deposits and other resources from customers (3) |
89% |
93% |
|
| Loans to customers (net) / Balance sheet customer funds |
87% |
91% |
|
| |
|
|
|
Results |
|
|
|
| Net income |
257.5 |
133.3 |
93.1% |
| Net interest income |
1,052.8 |
1,023.2 |
2.9% |
| Net operating revenues |
1,634.6 |
1,594.3 |
2.5% |
| Operating costs |
754.2 |
694.6 |
8.6% |
| Operating costs excluding specific items (4) |
742.2 |
718.3 |
3.3% |
| Loan impairment charges (net of recoveries) |
337.1 |
458.6 |
-26.5% |
| Other impairment and provisions |
94.2 |
169.9 |
-44.5% |
| Income taxes |
|
|
|
| Current |
77.6 |
82.8 |
|
| Deferred |
32.0 |
(19.7) |
|
| |
|
|
|
Profitability |
|
|
|
| Net operating revenues / Average net assets (3) |
3.0% |
2.9% |
|
| Return on average assets (ROA) |
0.6% |
0.4% |
|
| Income before tax and non-controlling interests / Average net assets (3) |
0.8% |
0.5% |
|
| Return on average equity (ROE) |
6.0% |
3.2% |
|
| Income before tax and non-controlling interests / Average equity (3) |
8.8% |
5.6% |
|
| |
|
|
|
Credit quality |
|
|
|
| Total impairment (balance sheet) / Loans to customers |
6.3% |
6.7% |
|
| Cost of risk (net of recoveries, in b.p.) |
88 |
120 |
|
| Non-Performing Exposures / Loans to customers |
12.3% |
15.9% |
|
| Restructured loans / Loans to customers |
7.7% |
8.9% |
|
| |
|
|
|
Efficiency Ratios (3) (4) |
|
|
|
| Operating costs / Net operating revenues |
45.4% |
45.1% |
|
| Operating costs / Net operating revenues (Portugal activity) |
46.3% |
45.7% |
|
| Staff costs / Net operating revenues |
25.9% |
25.3% |
|
| |
|
|
|
Capital (5) |
|
|
|
| Common equity tier I phased-in ratio |
11.8% |
13.2% |
|
| Common equity tier I fully implemented ratio |
11.8% |
11.7% |
|
| |
|
|
|
Branches |
|
|
|
| Portugal activity |
568 |
589 |
-3.6% |
| Foreign activity |
548 |
542 |
1.1% |
| |
|
|
|
Employees |
|
|
|
| Portugal activity |
7,130 |
7,281 |
-2.1% |
| Foreign activity |
8,656 |
8,538 |
1.4% |
(1) Some indicators are presented according to management criteria of the Group, which descriptions and concepts are described and detailed at the glossary and at "Alternative Performance Measures" chapter, being reconciled with the accounting values published in the consolidated financial statements.
(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 II (MiFID 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 30 September 2017 is presented according to the new criteria. (3) According to Instruction from the Bank of Portugal no. 16/2004, as the currently existing version.
(4) Excludes specific items: negative impact of Euro 12.0 million in the first nine months of 2018, related to restructuring costs in the activity in Portugal and positive impact of Euro 23.7 million in the first nine months of 2017 related to restructuring costs and the revision of Collective Lab. Agt. also in the activity in Portugal, both in staff costs.
(5) September 2018 and September 2017 include the accumulated net income of each period. September 2018 figures are estimated.