Income statement

(data in thousands of euro)

        Change
    1ST 6M 2016 1ST 6M 2015(*) Absolute %
10 - INTEREST AND SIMILAR INCOME 302,067 355,366 (53,299) (15.0)
20 - INTEREST AND SIMILAR EXPENSE I (140,320) (184,631) 44,311 (24.0)
30 - NET INTEREST INCOME 161,747 170,735 (8,988) (5.3)
40 - FEE AND COMMISSION INCOME 142,042 152,796 (10,754) (7.0)
50 - FEE AND COMMISSION EXPENSE (16,439) (22,579) 6,140 (27.2)
60 - NET FEE AND COMMISSION INCOME 125,603 130,217 (4,614) (3.5)
70 - DIVIDENDS AND SIMILAR INCOME 13,903 14,435 (532) (3.7)
80 - NET PROFIT (LOSS) ON TRADING 149 (2,020) 2,169
90 - NET PROFIT (LOSS) FROM HEDGING (344) (4,695) 4,351 (92.7)
100 - PROFIT (LOSSES) ON DISPOSAL OR REPURCHASE OF: 30,906 13,518 17,388
  a) loans - (66) 66 (100.0)
  b) financial assets available for sale 24,927 14,198 10,729 75.6
  d) financial liabilities 5,979 (614) 6,593
110 - PROFITS (LOSSES) FROM FINANCIAL ASSETS/LIABILITIES DESIGNATED AT FAIR VALUE 45 1,397 (1,352) (96.8)
12- NET INTEREST AND OTHER BANKING INCOME 332,009 323,587 8,422 2.6
130 - NET LOSSES/REVERSALS ON IMPAIRMENT OF: (339,599) (125,704) (213,895)
  a) loans (344,451) (133,332) (211,119)
  b) financial assets available for sale (641) (1,458) 817 (56.0)
  d) financial liabilities 5,493 9,086 (3,593) (39.5)
14- NET INCOME FROM BANKING ACTIVITIES (7,590) 197,883 (205,473)
170 - NET INCOME FROM BANKING AND INSURANCE ACTIVITIES (7,590) 197,883   (205,473)
180 - ADMINISTRATIVE EXPENSES: (288,059) (305,621) 17,562 (5.7)
  a) personall expenses (143,240) (174,790) 31,550 (18.1)
  b) other administrative expenses (144,819) (130,831) (13,988) 10.7
190 - NET PROVISIONS FOR RISKS AND CHARGES (218) (1,229) 1,011 (82.3)
200 - NET ADJUSTMENTS TO/ RECORIES ON PROPERTIEY AND EQUIPMENT (9,813) (11,360) 1,547 (13.6)
210 - NET ADJUSTMENTS TO/ RECOVERIES ON INTAGIBLE ASSETS (13,141) (14,478) 1,337 (9.2)
220 - OTHER OPERATING EXPENSES 42,096 50,580 (8,484) (16.8)
23- OPERATING EXPENSES (269,135) (282,108) 12,973 (4.6)
240 - PROFITS (LOSSES) ON INVESTMENTS IN ASSOCIATES AND COMPANIES SUBJECT TO JOINT CONTROL 2,257 3,933 (1,676) (42.6)
260 - IMPAIRMENT ON GOODWILL (19,942) - (19,942)
270 - GAINS (LOSSES) ON DISPOSAL OF INVESTMENTS 38 203 (165) (81.3)
280 - PROFIT (LOSS) BEFORE TAX FROM CONTINUING OPERATIONS (294,372) (80,089) (214,283)
290 - TAXES ON INCOME FROM CONTINUING OPERATIONS 85,966   24,343 61,623 ...
300 - PROFIT (LOSS) AFTER TAX FROM CONTINUING OPERATIONS (208,406) (55,746) (152,660) ...
310 - PROFITS (LOSSES) AFTER TAX DISCONTINUED OPERATIONS - 72,271 (72,271) (100.0)
320 - NET PROFIT (LOSS) (208,406) 16,525 (224,931) ...
330 - MINORITY INTERESTS (2,350) 128 (2,478) ...
340 - NET PROFIT (LOSS) FOR THE YEAR ATTRIBUTABLE TO THE PARENT COMPANY (206,056) 16,397 (222,453) ...

(*)The balances for the first six months of the previous year reflect, with respect to those published, changes resulting from the application of the provisions of IFRS 5 "Non-current Assets Held for sale and Discontinued Operations".