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  1. Who we are - About us - Key figures

Who we are - About us - Key figures

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Bankia Key Figures at MARCH 31th, 2020

COVID-19

A large number of measures to offer maximum support to households and businesses affected by the COVID-19 crisis. Bankia has complements the measures taken by the Government of Spain, offering its customers principal moratorium of up to 12 months in mortgages and up to 6 months personal loans destined to consumer finance.

94

The Group closes first quarter of 2020 with an attributable profit of 94 million euros after booking an extraordinary provision of 125 million euros to cover COVID-19 contingencies.

53.3%

Bankia's multichannel strategy continues to be a key element in the current environment. In March 2020 digital sales accounted for 40.2% of total sales for the Group and at the close of the quarter 55.3% of the Group’s customers were banking through digital channels.

12,95%

Turning to solvency, Bankia recorded a Phase-In CET1 of 13.98% and a CET1 Fully-Loaded of 12.95%. These levels show a strong buffer over the regulatory minimum of 8.38% required for 2020 after the ECB's announced accelerated implementation of Article 104 of the CRR2.

 

Key Figures:

Bankia implements a large number of measures to offer maximum support to households and businesses affected by the COVID-19 crisis. Bankia has complements the measures taken by the Government of Spain via Royal Decree Law (RDL) 11/2020, offering its customers principal moratorium of up to 12 months in mortgages and up to 6 months personal loans destined to consumer finance.

Bankia has accumulated close to 19,400 mortgage moratorium requests and approximately 14,100 moratorium requests for consumer finance as a result of RDL 11/2020 and the bank’s own measures.

For businesses, Bankia is taking an active part in the national government's guarantee program managed by ICO, under which it has received applications for more than 7,320 million euros in loans and credit accounts.

The strong performance of net fees and commissions (+9% over March 2019) and net trading income (NTI) have allowed the bank to offset the impact of the 12-month Euribor curve on net interest income, lifting gross income to 823 million euros at the end of the quarter (+1.1% higher than March 2019).

The Group closes first quarter of 2020 with an attributable profit of 94 million euros after booking an extraordinary provision of 125 million euros to cover COVID-19 contingencies.

Although the effect of COVID-19 has curbed the pace of new lending with respect to previous quarters, the performing loan book continues to grow in key segments, primarily in businesses. The data at February 2020 show Bankia's market share rising to 7.74% in businesses (+28 basis points year-on-year) and 6.05% in consumer finance (+44 basis points year-on-year).

Bankia's multichannel strategy continues to be a key element in the current environment. In March 2020 digital sales accounted for 40.2% of total sales for the Group and at the close of the quarter 55.3% of the Group’s customers were banking through digital channels.

The Group carries 30,200 million euros in liquid assets on its balance sheet, 1.3 times its debt maturities. It also has additional sources of funding of TLTRO lines (9,200 million euros) and issuance capacity of over 20,000 million euros.

Turning to solvency, Bankia recorded a Phase-In CET1 of 13.98% and a CET1 Fully-Loaded of 12.95%. These levels show a strong buffer over the regulatory minimum of 8.38% required for 2020 after the ECB's announced accelerated implementation of Article 104 of the CRR2: +560 basis points for Phase-In CET1 and +457 basis points for the CET1 Fully-Loaded.

Key figures

  Mar-20 Dec-19 Change
Balance sheet (€ million)
Total assets 209,473 208,468 0.5%
Loans and advances to customers (net) 117,817 117,444 0.3%
Loans and advances to customers (gross) 121,029 120,623 0.3%
On-balance-sheet customer funds 142,194 143,464 (0.9%)
    Customer deposits and clearing houses 123,639 124,785 (0.9%)
    Borrowings, marketable securities 15,611 15,697 (0.5%)
    Subordinated liabilities 2,944 2,983 (1.3%)
Total customer funds 170,673 174,267 (2.1%)
Equity 12,863 13,142 (2.1%)
Common Equity Tier I - BIS III Phase In 10,900 11,120 (2.0%)
Solvency (%)
Common Equity Tier I - BIS III Phase In 13.98% 14.32% +0.34 p.p.
Total capital ratio - BIS III Phase In 17.73% 18.09% +0.36 p.p.
Ratio CET1 BIS III Fully Loaded 12.95% 13.02% +0.07 p.p.
Ratio CET1 Fully Loaded ex unrealised gains in the fair value sovereign debt portfolio 12.92% 12.85% +0.07 p.p.
Risk management (€ million and %)
Total risk 128,676 128,156 0.4%
Non performing loans 6,363 6,465 (1.6%)
NPL provisions 3,516 3,491 0.7%
NPL ratio 4.9% 5.0% -0.1 p.p.
NPL coverage ratio 55.3% 54.0% +1.3 p.p.
  Mar-20 Mar-19 Change
Results (€ million)      
Net interest income 458 502 (8.7%)
Gross income 823 813 1.1%
"Core" result (Net interest income + Net fees and commissions - Operating Expenses) 280 306 (8.2%)
Pre-provision profit 361 357 1.2%
Profit before taxes pre-COVID-19 provision 247 269 (8.2%)
COVID-19 provision (125) - -
Profit before taxes post COVID-19 provision 122 269 (54.7%)
Profit/(loss) attributable to the Group 94 205 (54.0%)
Key ratios (%)
Cost to Income ratio (Operating expenses / Gross income) 56.1% 56.1% -
R.O.A. (Profit after tax / Average total assets) (1) 0.2% 0.4% -0,2 p.p.
RORWA (Profit after tax / RWA) (2) 0.5% 1.0% -0.5 p.p.
ROE (Profit attributable to the group / Equity) (3) 3.0% 6.5% -3.5 p.p.
ROTE ( Profit attributable to the group / Average tangible equity) (4) 3.0% 6.7% -3.7 p.p.
ROE (Profit attributable to the group / Equity) pre COVID-19 5.7% 6.5% -0.8 p.p.
ROTE ( Profit attributable to the group  / Average tangible equity) pre COVID-19 5.9% 6.7% -0.8 p.p.
  Mar-19 Dec-19 Change
Bankia share      
Number of shareholders 172,400 173,949 (0.9%)
Number of shares in issue (million) 3,070 3,070 0.0%
Closing price (end of period, €) (5) 1,02 1,90 (46.5%)
Market capitalisation (€ million) 3,125 5,840 (46.5%)
Earnings per share (€) (6) 0.12 0.18 (30.0%)
Tangible book value per share (€) (7) 4.08 4.21 (3.2%)
PER (Last price (5) / Earnings per share(6)) 8.24x 10.79x (23.6%)
PTBV (Last price (5) / Tangible book value per share) 0.25x 0.45x (44.7%)
Cash dividend per share (cents) (8) - 11.576 -
Additional information      
Number of branches 2,269 2,275 (0.3%)
Number of employees 16,006 16,035 (0.2%)

(1) Annualised profit after tax divided by average total assets for the period

(2) Annualised profit after tax divided by risk weighted assets at period end

(3) Annualised attributable profit divided by the previous 12 months average equity. In Mar-20 is not deducted any expected dividend payment against 2020 result.

(4) Annualised attributable profit divided by the previous 12 months average tangible equity. In Mar-20 is not deducted any expected dividend payment against 2020 result.

(5) Using the last price as of 31 March 2019 and 31 December 2019.

(6) Annualised attributable profit divided by the number of shares in issue.

(7) Total Equity less intangible assets divided by the number of shares in issue

(8) Distribution against the annual result. In Mar-20 is not contemplated the dividend payment against 2020 result.

 

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