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Q3 16: Sound commercial and financial performance

  • Net banking income excluding non-economic items** of EUR 6.3bn, +3.7% vs. Q3 15
  • Book net banking income of EUR 6.0bn, vs. EUR 6.4bn in Q3 15
  • Operating expenses under control: +1.0% vs. Q3 15
  • Continued decline in the cost of risk: commercial cost of risk(1) of 34 basis points in Q3 16 (-12 basis points vs.Q3 15)
  • Group net income excluding non-economic items**: EUR 1,257m in Q3 16, +39.0% vs. Q3 15
  • Book Group net income of EUR 1,099m in Q3 16, vs. EUR 1,126m in Q3 15
  • ROE excluding non-economic items** of 9.7% in Q3 16 (7.0% in Q3 15)
  • Good capital generation: fully-loaded CET 1 ratio of 11.4% (10.9% at end-2015). Total capital ratio of 17.6% (16.3% at end-2015)

9M 16: GOOD RESULTS DRIVEN BY THE GROUP’S TRANSFORMATION

  • Net banking income: EUR 19.2bn (-2.1% vs. 9M 15)
  • Stable operating expenses: EUR 12.4bn (-1.0% vs. 9M 15)
  • Net cost of risk down -15.9% vs. 9M 15, at EUR 1,605m
  • Group net income: EUR 3,484m (+4.2% vs. 9M 15)
  • EPS(2): EUR 4.19 in 9M 16 vs. EUR 3.23 in 9M 15.