Spanish banks obtained an attributable profit of €2,243 million in the first quarter of 2014
The absence of extraordinary results caused attributable profit to fall by 28.6%. Without this effect, return on average total assets remains stable and even shows a slight increase.
Spanish banks obtained an attributable profit of 7,274 million euros in 2013
The lower requirements for provisions and allowances compared to the exceptional restructuring carried out in the previous year have made it possible to move from a loss situation in 2012 to a profit situation one year later.
Spanish banks recorded attributable profit of €6.702 billion in the first nine months of 2013
The high provisions made, amounting to €18 billion, were lower than the exceptionally large provisions in 2012, but still remain above the average of recent years.
Spanish banks recorded an attributable profit of 5,310 million in the first half.
The year-on-year comparison of the attributable profit for the half-year is of limited significance due to the extraordinary write-downs carried out in 2012.
Summary of the General Intervention by the AEB Secretary General
The year 2013, although still difficult, will be the bridge year toward recovery. The results of Spanish banks for the first quarter of 2013, amounting to €3,140 million, are still modest as a consequence of the complex economic environment, but will improve progressively throughout the year.
Spanish banking groups recorded losses of €1.653 billion in fiscal year 2012
The losses reflect an unprecedented restructuring effort: €42.703 billion in provisions and allowances for loans and other assets.
The attributable profit of Spanish banks fell by 63.7% in the first nine months of 2012, reaching 3,386 million euros.
The institutions are making an intense clean-up effort, amounting to 25,581 million euros, which includes a large part of the extraordinary provisions required for this fiscal year.
Summary of the AEB Secretary General’s remarks on Spanish banks’ results as of March 2012
It is necessary to dispel the doubts that are being unfoundedly cast over the Spanish financial system as a whole by generalising the viability problems of a few specific institutions to the rest of the system’s sound banks.
Press Release on the results of Spanish banks as of March 2012
The attributed profit of Spanish banking groups at the end of the first quarter of 2012 rose to 2,693 million euros, 27.5% lower than that recorded in the same period of the previous year.
Press Release on the results of Spanish banks as of December 2011
Spanish banking groups achieved an attributable profit of 8,295 million euros in 2011, 41% lower than the previous year. These results occurred in a context characterized by general economic stagnation, significant pressure on financial costs, and the substantial provisioning effort that, once again, was necessary.