Download the 2015 annual financial statements
Balance sheet
| BALANCE SHEET in millions of euros |
At 12/31/2015 | At 12/31/2014 | At 12/31/2013 |
|---|---|---|---|
| ASSETS | |||
| Cash in hand, central banks, national giro (note 1) | 2,264.96 | 1,689.95 | 207.98 |
| Treasury bills and other bills eligible for refinancing with central banks (note 1) | 9,000.00 | 7,000.06 | 7,000.39 |
| Loans and advances to credit institutions (note 1) | |||
| . repayable on demand | 0.18 | 0.38 | 0.73 |
| . repayable at maturity | 520.61 | 0.00 | 0.00 |
| Intangible assets (note 2) | 0.00 | 0.00 | 0.00 |
| Tangible assets (note 2) | 0.09 | 0.08 | 0.11 |
| Real-estate assets (note 13bis) | |||
| Other assets (note 3) | 185.89 | 136.22 | 815.94 |
| Accrued income and prepaid expenses (note 4) | 6,287.54 | 4,631.01 | 1,900.87 |
| TOTAL ASSETS | 18,259.27 | 13,457.70 | 10,011.02 |
| LIABILITIES | |||
| Amounts owed to credit institutions (note 5) | |||
| . repayable on demand | 0.00 | 0.00 | 0.00 |
| . repayable at maturity | 1,003.46 | 1,003.37 | 1,003.37 |
| Debts evidenced by certificates (note 6) | |||
| . Negotiable debt instruments | 8,431.71 | 6,374.08 | 11,765.50 |
| . Bonds and similar instruments | 129,413.81 | 131,869.13 | 127,508.28 |
| . Other debts evidenced by certificates | |||
| Other liabilities (note 7) | 4,748.37 | 3,025.40 | 229.47 |
| Accrued expenses and deferred income (note 8) | 1,199.74 | 1,306.42 | 2,243.14 |
|
Sub-total - Debts
|
144,797.09 | 143,578.40 | 142,729.79 |
| Provisions (note 8) | 113.06 | 43.05 | 0.24 |
|
Property endowment
|
181.22 | 181.22 | 181.22 |
| Retained earnings | (140,344.97) | (143,061.78) | (145,363.51) |
| Profit for period | 13,512.87 | 12,716.81 | 12,443.31 |
| Sub-total-Reserves | (126,650.88) | (130,163.75) | (132,738.98) |
| TOTAL LIABILITIES | 18,259.27 | 13,457.70 | 10,011.02 |
Profit ans loss account
| Period ended (in millions of euros) |
At 12/31/2015 | At 12/31/2014 | At 12/31/2013 |
|---|---|---|---|
| Interest receivable and similar income (note 9) | 876.67 | 647.12 | 598.82 |
| . Interest receivable and similar income on transactions with credit institutions | 39.19 | 13.69 | 30.90 |
| . Interest receivable and similar income on bonds and other fixed-income securities | 0.09 | 3.52 | 0.96 |
| Other interest receivable and similar income | 837.39 | 629.91 | 566.96 |
| Interest payable and similar charges (note 10) | (3,591.72) | (3,870.57) | (3,871.51) |
| .On transactions with credit institutions | (43.87) | (42.03) | (40.99) |
| .On bonds and other fixed-income securities | (3,547.85) | (3,828.54) | (3,930.52) |
| Other interest payable and similar charges | |||
| Fees payable (note 10) | (26.87) | (27.47) | (24.16) |
| Gains and loss on investment securities (note11) | (0.10) | (0.12) | (0.02) |
| . Net profit (loss) on foreign exchange transactions | (0.10) | (0.12) | (0.02) |
| Gains and losses on investment secruities ( note11.1) | |||
| Net profit ( loss) on investment securities | |||
| Other operatin income - banking | |||
| Other operation charges - banking | |||
| NET BANKING INCOME | (2,742.04) | (3,251.06) | (3,396.91) |
| General operating charges (note 13) | (2.87) | (2.89) | (2.83) |
| . Staff costs | (1.07) | (1.04) | (1.03) |
| . Other administrative expenses | (1.80) | (1.85) | (1.80) |
| Depreciation and provisions - intangible and tangible assets | 0.01 | (0.04) | (0.04) |
| Other operating income | 16,635.60 | 16,196.21 | 16,030.94 |
| . Income related to CRDS and CSG (note 12 and 12.1a) | 13,008.56 | 12,609.55 | 12.483.90 |
| . Income related to social levies on income | 1,526.90 | 1,486.11 | 1,444.90 |
| . Income from the retirement reserve fund (note 12.a) | 2,100.00 | 2,100.00 | 2,100.00 |
| . Income from property (note 13.1) | 0.13 | 0.13 | 0.13 |
| . Provisions reversed for CRDS and CSG loans | 0.00 | 0.41 | 2.01 |
| Other operating charges | (190.29) | (226.21) | (188.15) |
| . related to CRDS and CSG (note 12 and 12.1) | (130.17) | (131.17) | (137.79) |
| . Charges relating to social levies on income (note 12.2a) | (32.99) | (32.18) | (32.59) |
| (. Payments to social cecurity agencies (note 14) | (5.40) | (42.80) | 0.00 |
| . Provision for doubtful debts relatin to CRDS and CSG (note 12 and 12.a) |
(21.73) | (19.97) | (17.77) |
| . Charges related to property (note 13.1) | 0.00 | 0.09 | 0.00 |
| Estimation changes and error adjustments (note 15a) | (187.97) | 0.00 | 0.00 |
| GROSS OPERATING PROFIT | 13,512.42 | 12,716.01 | 12,443.01 |
| OPERATING PROFIT | 13,512.42 | 12,716.01 | 12,443.01 |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 13,512.42 | 12,716.01 | 12,443.01 |
| - Exceptional income ( Note 15) | 0.45 | 0.80 | 0.30 |
| NET PROFIT FOR PERIOD | 13,512.87 | 12,716.81 | 12,443.31 |
Off balance sheet commitments
| OFF BALANCE SHEET ITEMS in millions of euros (Notes 15 to 17) |
At 12/31/2015 | At 12/31/2014 | At 13/31/2013 |
|---|---|---|---|
| COMMITMENTS GIVEN | |||
| Annual payement to the State | |||
| Payments to social security funding organizations | 23,609.04 | 33,609.04 | 33,609.04 |
| Other commitments given |
|
||
| acquired under repurchase agreements | |||
| COMMITMENTS RECEIVED | 1,200.00 | 700.00 | 3,300.00 |
| -From credit institutions ( Note 18) | 1,000.00 | ||
| - From Banks for the purchase of treasory notes | |||
| -ECP and USCP arguments | |||
| -Retirement reserve fund | 18,900.00 | 21,000.00 | 23,100.00 |