Download the 2016 annual financial statements
Balance sheet
| BALANCE SHEET in millions of euros |
At 31/12/2016 | At 31/12/2015 | At 12/12/2014 |
|---|---|---|---|
| ASSETS | |||
| Cash in hand, central banks, national giro (note 1) | 1,636.81 | 2,264.96 | 1,689.95 |
| Treasury bills and other bills eligible for refinancing with central banks (note 1) | 4,000.00 | 9,000.00 | 7,000.06 |
| Loans and advances to credit institutions (note 1) | |||
| . repayable on demand | 0.03 | 0.18 | 0.38 |
| . repayable at maturity | 520.61 | 0.00 | |
| Intangible assets (note 2) | 0.00 | 0.00 | 0.00 |
| Tangible assets (note 2) | 0.08 | 0.09 | 0.08 |
| Real-estate assets (note 13bis) | |||
| Other assets (note 3) | 167.13 | 185.89 | 136.22 |
| Accrued income and prepaid expenses (note 4) | 6,824.83 | 6,287.54 | 4,631.01 |
| TOTAL ASSETS | 12,628.88 | 18,259.27 | 13,457.70 |
| LIABILITIES | |||
| Amounts owed to credit institutions (note 5) | |||
| . repayable on demand | 0.00 | 0.00 | 0.00 |
| . repayable at maturity | 1,003.37 | 1,003.46 | 1,003.37 |
| Debts evidenced by certificates (note 6) | |||
| . Negotiable debt instruments | 14,093.80 | 8,431.71 | 6,374.08 |
| . Bonds and similar instruments | 126,673.50 | 129,413.81 | 131,869.13 |
| . Other debts evidenced by certificates | |||
| Other liabilities (note 7) | 5,329.78 | 4,748.37 | 3,025.40 |
| Accrued expenses and deferred income (note 8) | 1,263.56 | 1,199.74 | 1,306.42 |
|
Sub-total - Debts
|
148,364.01 | 144,797.09 | 143,578.40 |
| Provisions (note 8) | 98.40 | 113.06 | 43.05 |
|
roperty endowment
|
181.22 | 181.22 | 181.22 |
| Retained earnings | (150,441.15) | (140,344.97) | (143,061.78) |
| Profit for period | 14,426.39 | 13,512.87 | 12,716.81 |
| Sub-total-Reserves | (135,833.53) | (126,650.88) | (130,163.75) |
| TOTAL LIABILITIES | 12,628.88 | 18,259.27 | 13,457.70 |
Profit ans loss account
| Period ended (in millions of euros) |
At 31/12/2016 | At 31/12/2015 | At 31/12/2014 |
|---|---|---|---|
| Interest receivable and similar income (note 9) | 1,086.12 | 876.67 | 647.12 |
| . Interest receivable and similar income on transactions with credit institutions | 160.33 | 39.19 | 13.69 |
| . Interest receivable and similar income on bonds and other fixed-income securities | 0.00 | 0.09 | 3.52 |
| Other interest receivable and similar income | 925.79 | 837.39 | 629.91 |
| Interest payable and similar charges (note 10) | (3,378.43) | (3,591.72) | (3,870.57) |
| .On transactions with credit institutions | (40.79) | (43.87) | (42.03) |
| .On bonds and other fixed-income securities | (3,337.64) | (3,547.85) | (3,828.54) |
| Other interest payable and similar charges | |||
| Fees payable (note 10) | (37.66) | (26.87) | (27.47) |
| Gains and loss on investment securities (note11) | 0.00 | (0.10) | (0.12) |
| . Net profit (loss) on foreign exchange transactions | 0.00 | (0.10) | (0.12) |
| Gains and losses on investment secruities ( note11.1) | |||
| Net profit ( loss) on investment securities | |||
| Other operatin income - banking | |||
| Other operation charges - banking | (0.02) | (0.02) | (0.02) |
| NET BANKING INCOME | (2,329.99) | (2,742.04) | (3,251.06) |
| General operating charges (note 13) | (2.92) | (2.87) | (2.89) |
| . Staff costs | (1.11) | (1.07) | (1.04) |
| . Other administrative expenses | (1.81) | (1.80) | (1.85) |
| Depreciation and provisions - intangible and tangible assets | (0.02) | (0.01) | (0.04) |
| Other operating income | 16,933.24 | 16,635.60 | 16,196.21 |
| . Income related to CRDS and CSG (note 12 and 12.1a) | 14,811.43 | 13,008.56 | 12,609.55 |
| . Income related to social levies on income | (15.28) | 1,526.90 | 1,486.11 |
| . Income from the retirement reserve fund (note 12.a) | 2,100.00 | 2,100.00 | 2,100.00 |
| . Income from property (note 13.1) | 0.20 | 0.13 | 0.13 |
| . Provisions reversed for CRDS and CSG loans | 14.90 | 0.00 | 0.41 |
| . Other provisions reversed for receivables | 21.99 | 0.01 | 0.00 |
| Other operating charges | (173.95) | (190.29) | (226.21) |
| . related to CRDS and CSG (note 12 and 12.1) | (0.58) | (32.99) | (32.18) |
| . Charges relating to social levies on income (note 12.2a) | (22.65) | (21.73) | (19.97) |
| (. Payments to social cecurity agencies (note 14) | (5.40) | (42.80) | |
| . Provision for receivables (note 12 and 12.a) |
0.00 | 0.00 | 0.00 |
| . Charges related to property (note 13.a) | 0.00 | 0.00 | (0.09) |
| Estimation changes and error adjustments (note 15a) | 0.00 | (187.97) | 0.00 |
| GROSS OPERATING PROFIT | 14.426.36 | 13,512.42 | 12,716.01 |
| OPERATING PROFIT | 14,426.36 | 13,512.42 | 12,716.01 |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 14,426.36 | 13,512.42 | 12,716.01 |
| - Exceptional income ( Note 15) | 0.03 | 0.45 | 0.80 |
| NET PROFIT FOR PERIOD | 14,426.39 | 13,512.87 | 12,716.81 |
Off balance sheet commitments
| OFF BALANCE SHEET ITEMS in millions of euros (Notes 15 to 17) |
At 31/12/2016 | At 31/12/2015 | At 12/12/2014 |
|---|---|---|---|
| COMMITMENTS GIVEN | |||
| Annual payement to the State | |||
| Payments to social security funding organizations | 23,609.04 | 33,609.04 | |
| Other commitments given | |||
| acquired under repurchase agreements | |||
| COMMITMENTS RECEIVED | 700.00 | 1,200.00 | 1,200.00 |
| -From credit institutions ( Note 18) | |||
| - From Banks for the purchase of treasory notes | |||
| -ECP and USCP arguments | |||
| -Retirement reserve fund | 16,800.00 | 18,900.00 | 21,000.00 |