Income Statement

(data in thousands of euro)

        Change
    1° Q 2017 1° Q 2016(*) Absolute %
10 - INTEREST AND SIMILAR INCOME 132,090 154,965 -22,875 -14.8
20 - INTEREST AND SIMILAR EXPENSE -59,566 -72,096 12,530 -17.4
30 - NET INTEREST INCOME 72,524 82,869 -10,345 -12.5
40 - FEE AND COMMISSION INCOME 69,713 69,071 642 0.9
50 - FEE AND COMMISSION EXPENSE -7,435 -8,589 1,154 -13.4
60 - NET FEE AND COMMISSION INCOME 62,278 60,482 1,796 3.0
70 - DIVIDENDS AND SIMILAR INCOME 10,558 - 10,558
80 - NET PROFIT (LOSS) FROM TRADING 3,803 -4,803 8,606
90 - NET PROFIT (LOSS) FROM HEDGING -61 -1,156 1,095 -94.7
100 - PROFITS (LOSSES) ON DISPOSAL OR REPURCHASE OF: 795 20,565 -19,770 -96.1
  b) financial assets available for sale 28 15,594 -15,566 -99.8
  d) financial liabilities 767 4,971 -4,204 -84.6
110 - PROFITS (LOSSES) FROM FINANCIAL ASSETS/LIABILITIES DESIGNATED AT FAIR VALUE 391 361 30 8.3
120 - NET INTEREST AND OTHER BANKING INCOME 150,288 158,318 -8,030 -5.1
130 - NET LOSSES/REVERSALS ON IMPAIRMENT OF: -75,396 -87,682 12,286 -14.0
  a) loans -76,169 -89,808 13,639 -15.2
  b) financial assets available for sale -3,468 -207 -3,261
  d) other financial transactions 4,241 2,333 1,908 81.8
140 - NET INCOME FROM BANKING ACTIVITIES 74,892 70,636 4,256 6.0
170 - NET INCOME FROM BANKING AND INSURANCE ACTIVITIES 74,892 70,636 4,256 6.0
180 - ADMINISTRATIVE EXPENSES: -145,648 -151,115 5,467 -3.6
  a) personnel expenses -78,162 -82,068 3,906 -4.8
  b) other administrative expenses -67,486 -69,047 1,561 -2.3
190 - NET PROVISIONS FOR RISKS AND CHARGES -1,103 621 -1,724
200 - NET ADJUSTMENTS TO/ RECOVERIES ON PROPERTY AND EQUIPMENT -3,801 -4,909 1,108 -22.6
210 - NET ADJUSTMENTS TO/ RECOVERIES ON INTANGIBLE ASSETS -5,934 -6,369 435 -6.8
220 - OTHER OPERATING INCOME/EXPENSE 20,836 23,150 -2,314 -10.0
230 - OPERATING EXPENSES -135,650 -138,622 2,972 -2.1
240 - PROFITS (LOSSES) ON EQUITY INVESTMENTS 857 2,257 -1,400 -62.0
270 - GAINS (LOSSES) ON DISPOSAL OF INVESTMENTS 21 5 16
280 - PROFIT (LOSS) BEFORE TAX FROM CONTINUING OPERATIONS -59,880 -65,724 5,844 -8.9
290 - TAXES ON INCOME FROM CONTINUING OPERATIONS 18,717 23,951 -5,234 -21.9
300 - PROFIT (LOSS) AFTER TAX FROM CONTINUING OPERATIONS -41,163 -41,773 610 -1.5
320 - NET PROFIT (LOSS) FOR THE PERIOD -41,163 -41,773 610 -1.5
330 - NON-CONTROLLING INTERESTS -67 -1,916 1,849 -96.5
340 - NET PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO THE PARENT COMPANY -41,096 -39,857 -1,239 3.1

(*)With respect to published accounts, 1Q2016 balances are reflective of changes from the application of provisions of IAS 8 "Accounting policies, changes in accounting estimates and errors"