Newsletter #16 - 3rd quarter 2017 Earnings Results
BKIA Share

Bankia - Shareholders and investors

Bankia earns €739mn up to September
Customer-focused strategy underpins growth of business and banking activity
  • Customer related business performance, cost containment and risk management increase attributable profit to 739 million euros, 1% higher than in September 2016.
  • Fee and commission income grows 4.1% year-on-year, driven by the upturn in consumption and increasing customer loyalty, partially offsetting the pressure still being exerted on the interest margin by the interest rate curve.
  • Improvement in asset quality causes the volume of accumulated provisions to drop by 4.3% versus the figure for the first nine months of 2016, taking the Group’s cost of risk to 24 basis points (bps) at September 2017.
  • The Group registers 141,000 net new customers since September 2016, with the number of “Connect with your expert” users rising by 70.7% over the last nine months. In September 2017, digital sales represent 13.1% of the Group’s total sales (2.7 percentage points (pp) higher than in December 2016).
  • Lending to target segments continues to rise: year-on-year growth in new loans stands at 130% in the mortgage segment, 19.6% in the consumer segment and 22.1% to SMEs.
  • Since September 2016, there has been an increase in the number of demand deposits (+25.6%), savings accounts (+11.9%) and mutual funds (+12.9%), which continue to capture funds transferred by our customers from term products.
  • The NPL ratio stands at 8.8% at the end of September 2017, falling 30 bp quarter-on-quarter, and 100 bp from December 2016.
  • In September 2017, the CET1 Phase-in ratio stands at 15.81%, while the CET1 Fully Loaded ratio (not including unrealised gains on sovereign holdings in the AFS portfolio) is 14.16%. The CET1 Phase-in ratio is up 111 bp on the previous year-end figure, while the CET1 Fully Loaded ratio is 114 bp higher, mainly due to the Group’s ability to generate capital organically.

View infographics   /  Access 3Q17 Earnings Report

News
Goirigolzarri: “Bankia has turned into a growth story”
11 October 2017
Bankia’s chairman, José Ignacio Goirigolzarri, declared that the bank “has finally completed a successful restructuring story” and is now embarking on “a growth story”. This growth will come from two sources: organic and non-organic.
Bankia launches Financial Education portal to help citizens make more informed decisions
02 October 2017
Bankia has launched a financial education portal to help customers and non-customers of the bank to gain a better understanding of financial products and terminology and help them make more informed decisions.
Bankia ranked once again on Dow Jones Sustainability Index (DJSI) as one of most sustainable firms in the world
07 September 2017
For the second year running, Bankia has been ranked on the Dow Jones Sustainability Index (DJSI), recognising the financial institution as one of the most sustainable firms in the world.
Indicators

Data as of September 30th, 2017. Click on each item for further information.

ATTRIBUTABLE PROFIT €739mn
in 9M17 (+1% vs 9M16)

ROTE 8.3%
in 9M17

EFFICIENCY RATIO 48%
in 9M17

CET 1 FULLY-LOADED RATIO 14.16%
in Sep'17 (+114 bps in 9M17)

NET NEW CUSTOMERS +141,000
vs Sep'16

CUSTOMER SATISFACTION INDEX 89.6%
vs 87.3% in Dec'16

NEW MORTGAGE LOANS +130%
9M17 vs 9M16

NEW SME's LOANS +22,1%
9M17 vs 9M16

Material disclosures
18 October 2017
Fitch Ratings affirms Bankia’s covered bond ratings.
22 September 2017
DBRS Ratings Limited upgrades Bankia’s covered bond ratings.
14 September 2017
Copy of the President´s speech at the Extraordinary General Meeting of Shareholders.
Studies and presentations
30 October 2017
Press Kit Bankia 3Q17 Earnings Results: Presentations, videos, inphographics, news, multimedia gallery
28 September 2017
Presentation by Bankia's CFO at the BoAML Annual Financials Conference - London
WE WANT TO KNOW WHAT MATTERS TO YOU: Access this brief survey and participate on a focus group session (in Spanish)
BANKIA SHARE: discover the NEW interactive share price tool
Calendar
Citi Global Financial Conference 2017 - Hong Kong
29 November 2017
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