{"id":38644,"date":"2015-04-17T00:00:00","date_gmt":"2015-04-16T22:00:00","guid":{"rendered":"https:\/\/aebanca.es\/actualidad\/notas-de-prensa\/spanish-banks-obtained-an-attributable-profit-of-e9834-million-in-2014\/"},"modified":"2026-04-09T09:40:51","modified_gmt":"2026-04-09T07:40:51","slug":"spanish-banks-obtained-an-attributable-profit-of-e9834-million-in-2014","status":"publish","type":"notas-de-prensa","link":"https:\/\/aebanca.es\/en\/actualidad\/notas-de-prensa\/spanish-banks-obtained-an-attributable-profit-of-e9834-million-in-2014\/","title":{"rendered":"Spanish banks obtained an attributable profit of \u20ac9,834 million in 2014"},"content":{"rendered":"

THE IMPROVEMENT IN RESULTS IS BASED ON MARGIN GROWTH, COST CONTAINMENT, AND SUSTAINED PROVISIONING EFFORTS <\/strong><\/p>\n

NET EQUITY GROWS AT AN ANNUAL RATE OF 12% AND ITS BALANCE REPRESENTS 7.5% OF TOTAL CONSOLIDATED ASSETS <\/strong><\/p>\n

OWN FUNDS (COMMON EQUITY TIER 1)<\/em>, CALCULATED UNDER BASEL III CRITERIA, REACH 12.05%, WELL ABOVE MINIMUM REQUIREMENTS <\/strong><\/p>\n

Spanish banking groups obtained an attributable profit of \u20ac9,834 million in the previous year, 35% higher than that achieved a year earlier, with a return on average total assets of 0.42%, 11 basis points higher than in 2013.<\/p>\n

In a scenario of very low interest rates, high liquidity, and euro depreciation against major currencies, the increase in results is based fundamentally on the improvement of the most recurring lines of the profit and loss statement, cost containment, and sustained provisioning and write-down efforts.<\/p>\n

As of December 31, 2014, the aggregate balance sheet of Spanish banking groups reached a total balance of \u20ac2.4 trillion, with an annual increase of 9.6%, largely recovering the decrease recorded in 2013, without any significant perimeter change effect.<\/p>\n

Customer loans increased by 5.5% during the year, reversing the downward trend in balances observed from mid-2012 to the end of 2013. A total amount of \u20ac1.4 trillion was thus reached as of December 31, with an improvement in the non-performing loan ratio of almost one percentage point, 7.8% in December 2014 compared to 8.7% a year earlier. Coverage associated with doubtful assets stands at 58%, two percentage points above that recorded in the previous period. <\/p>\n

Customer deposits also increased by 5% annually, raising their balance to \u20ac1.2 trillion. The loan-to-deposit ratio (LtD, loan to deposits ratio<\/em>) remains at a moderate level, around 113%. <\/p>\n

In 2014, activity in wholesale funding markets increased, allowing Spanish banks to raise funds from financial institutions and those obtained in the market through debt instrument issuance by \u20ac68,000 million and \u20ac15,000 million, respectively. As a counterpart, investment in negotiable securities, both fixed and variable income, increased overall by \u20ac95,000 million during the year. <\/p>\n

The institutions’ net equity increases by 12% annually and rises to \u20ac181,000 million, representing 7.5% of total assets as of December 2014. This item shows increases in all categories, underscoring the quality of the improvement observed in net equity. <\/p>\n

This positive evolution of equity means that the Common Equity Tier 1<\/em> ratio of Spanish banking groups, now calculated under Basel III criteria, stands at 12.05% of risk-weighted assets at the end of 2014, well above minimum requirements. The strong level of this ratio enabled member banks of this Association to successfully pass the comprehensive assessment<\/em> exercise conducted by the European Central Bank for all institutions that, from November 2014, came under its direct supervision. <\/p>\n

After two years in which results were heavily affected by high provisions (2012) and margin reduction (2013), the profit and loss statement recovered profitability levels in 2014 similar to those prior to those two years.<\/p>\n

In a scenario of stable but low interest rates, the notable improvement in net interest income stands out due to a substantial reduction in financial costs and a slight upturn in income. Net interest income increases by 9.4% and represents a return of 2.19% on average total assets (ATA), 21 basis points above that obtained in 2013. Nevertheless, the low interest rate environment will continue to pressure net interest income in the future. <\/p>\n

Gross margin (3.29% on ATA) grows by 5.1% thanks to increased results from financial operations, obtained both in the trading portfolio and in financial assets available for sale, which compensates for the negative variation in foreign exchange results. The improvement in this margin is transferred almost entirely to operating profit, after recording contained operating expenses (1.6% on ATA) and high provisioning and allocation efforts (1% on ATA), at a level similar to 2013. <\/p>\n

The attributable profit of Spanish banking groups rose to \u20ac9,834 million in 2014, representing a return on average total assets of 0.42% and a return on equity (RoE) of 5.73%, both parameters higher than those recorded in 2013, which were 0.31% and 4.42%, respectively.<\/p>\n

Individual financial statements <\/strong><\/p>\n

The aggregate of individual balance sheets shows variations similar to those observed in the consolidated statements, with an increase in balance of \u20ac58,000 million during the year, representing 4.21% more than at the end of the previous year, reaching \u20ac1.45 trillion.<\/p>\n

As in the two previous years, customer deposits experienced moderate growth of 0.4% annually. Meanwhile, customer loans, after three consecutive years of declining balances, increased by 1.6% annually, although reflected in only some items for the time being. The loan-to-deposit ratio stands at 107%. In the individual financial statements, the non-performing loan ratio decreases to 13.3%, more than one percentage point lower than that recorded in 2013, which was 14.4%, and coverage of doubtful assets is maintained at 57% of the total balance. <\/p>\n

Own funds increased by 6.13% annually, so that as of December 2014 they reached \u20ac134,000 million, representing 9.2% of total assets, almost three percentage points more than at the beginning of the crisis.<\/p>\n

This results in a profit for the year of \u20ac5,313 million, representing a 46% increase compared to the aggregate of individual profit and loss statements from the previous year. The return on ATA ratio was 0.38%, compared to 0.24% in 2013, while the return on equity (RoE) stood at 4.17%, also higher, as in the case of consolidated financial statements, than the 2.95% recorded in 2013. <\/p>\n

Provisions and allocations amounted to \u20ac9,725 million, a figure lower than that recorded in 2013, but still representing 0.7% of average total assets. The return on ATA ratio was 0.38%, compared to 0.24% in 2013, while the return on equity (RoE) stood at 4.17%, also higher, as in the case of consolidated financial statements, than the 2.95% recorded in 2013. <\/p>\n

Download the press release<\/a><\/h6>\n","protected":false},"excerpt":{"rendered":"

Spanish banking groups obtained an attributable profit of \u20ac9,834 million in the previous year, 35% higher than that achieved a year earlier, with a return on average total assets of 0.42%<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","etiquetas-prensa":[918,930,805,803],"class_list":["post-38644","notas-de-prensa","type-notas-de-prensa","status-publish","hentry","etiquetas-prensa-deposits","etiquetas-prensa-loans","etiquetas-prensa-results","etiquetas-prensa-spanish-banking"],"yoast_head":"\nSpanish banks obtained an attributable profit of \u20ac9,834 million in 2014 - Asociaci\u00f3n Espa\u00f1ola de Banca<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aebanca.es\/en\/actualidad\/notas-de-prensa\/spanish-banks-obtained-an-attributable-profit-of-e9834-million-in-2014\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spanish banks obtained an attributable profit of \u20ac9,834 million in 2014 - 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