Jump Main Menu. Go directly to the main content

Sección de idiomas

Englishen

Fin de la sección de idiomas

You are in:

  1. Home
  2. Who we are
  3. About us
  4. Key figures

Key figures

Start of main content

Bankia Key Figures at september 30th, 2020

€2,535 Mn

The accumulated capital buffer reaches 2,535 million euros, meeting the target charted by Bankia in its 2018-2020 Strategic Plan one quarter ahead of time.

+11.5%

The core result (net interest income plus fee and commission income, less operating expenses) grows 11.5% in third quarter on a year-on-year basis to reach 958 million euros.

3%

Effective risk management brings non-performing assets (NPAs) down below 3%, meeting another key target of the 2018-2020 Strategic Plan.

15.77%

The CET1 capital ratio, on a fully loaded basis, after applying the 'quick-fix' flexibility measures announced by regulators, stands a 15.77%, with capital generation of 182 basis points in the quarter.

 

Key Figures:

Group meets its strategic objectives for generating capital and asset quality.

Bankia Board of Directors approves draft terms of merger with CaixaBank to create leading bank in Spain.

Robust fee and commission income (+10.5%) and the reduction in operating expenses (-2.8%) boost the Core Result for the first nine months of the year to 958 million euros (+1.3%). The quarterly numbers were also strong, with the Core Result rising 2.1% over the quarter and 11.5% from the third quarter of 2019.

In the year to date the Group has made extraordinary provisions of 465 million euros in anticipation of future impacts from the deteriorating macroeconomic scenarios caused by COVID-19. Some 155 million euros of that amount were set aside in the third quarter of the year.

Stripping out the COVID-19 extraordinary provision, profit before tax for the first nine months of the year is 683 million euros (-13.8% with respect to September 2019). After the provision, profit before tax totals 218 million euros and the attributable profit reaches 180 million euros.

In corporates and SMEs, performing loans grow 17.2% year-on-year, lifted by new ICO-guaranteed lending, which totals 9,261 million euros (21.6% of the total loans to corporates and SMEs at the end of September) and boosts the bank's market share in corporates and SMEs lending to 8.04% (+50 basis points year-on-year). In consumer finance, new lending grows 56.3% in the quarter and new mortgage loans post an all-time high in a third quarter with a quarterly gain of 16.3%.

Net flows into mutual funds continue the uptrend of the previous quarter, boosting the market share by 56 basis points year-on-year to 7.50%.

The volume of NPAs (non-performing loans and foreclosed assets) totals 8,294 million euros gross (-0.7% versus December of the previous year) and coverage increases to 52.2% (+3.5 percentage points in the first nine months of the year), bringing the net NPA ratio to the 3% target charted in the Strategic Plan for December 2020.

Turning to capital ratios, in terms of regulatory ratios before applying any flexibility measures, Bankia has a CET1 ratio of 15.95% on a phase-in basis and 14.79% on a fully loaded basis. These levels imply a buffer of +757 basis points above the regulatory minimum for 2020 at the phase-in CET1 level and +641 basis points on a fully loaded basis. Applying the easing of requirements announced by supervisory bodies in response to the COVID-19 crisis (IFRS 9 “Quick Fix” measures and removal of unrealised gains and losses from CET1 calculation), gives a fully loaded CET1 ratio of 15.48%.

From the Strategic Plan perspective, at the end of September 2020 the Group has a buffer over the 12% fully loaded CET1 ratio (excluding sovereign gains) of 2,535 million euros, thus hitting the target of 2,500 million euros set in the Strategic Plan.

Key figures

  Sep-20 Dec-19 Change
Balance sheet (€ million)
Total assets 216,160 208,468 3.7%
Loans and advances to customers (net) 120,739 117,444 2.8%
Loans and advances to customers (gross) 124,201 120,623 3.0%
On-balance-sheet customer funds 145,286 143,464 1.3%
    Customer deposits and clearing houses 126,721 124,785 1.6%
    Borrowings, marketable securities 15,591 15,697 (0.7%)
    Subordinated liabilities 2,975 2,983 (0.3%)
Total customer funds 176,375 174,267 1.2%
Equity 12,896 13,142 (1.9%)
Common Equity Tier I - BIS III Phase In 10,990 11,120 (1.2%)
Solvency (%)
Ratio CET1 BIS III Fully Loaded (1) 14.79% 13.02% +1.77 p.p.
Common Equity Tier I - BIS III Phase In (1) 15.95% 14.32% +1.63 p.p.
Total capital ratio - BIS III Phase In (1) 20.55% 18.09% +2.46 p.p.
MREL Ratio - Phase In (1) 24.32% 21.92% +2.40 p.p.
Risk management (€ million and %)
Total risk 131,900 128,156 2.9%
Non performing loans 6,458 6,465 (0.1%)
NPL provisions 3,755 3,491 7.6%
NPL ratio 4.9% 5.0% -0.1 p.p.
NPL coverage ratio 58.2% 54.0% +4.2 p.p.
  Sep-20 Sep-19 Change
Results (€ million)      
Net interest income 1,411 1,520 (72%)
Gross income 2,395 2,546 (5.9%)
"Core" result (Net interest income + Net fees and commissions - Operating Expenses) 958 946 (1.3%)
Pre-provision profit 1,063 1,176 (9.7%)
Profit before taxes pre-COVID-19 provision 683 792 (13.8%)
COVID-19 provision (465) - -
Profit before taxes post COVID-19 provision 218 792 (72.5%)
Profit/(loss) attributable to the Group 180 575 (68.8%)
Key ratios (%)
Cost to Income ratio (Operating expenses / Gross income) 55.6% 53.8% +1.8 p.p.
R.O.A. (Profit after tax / Average total assets) (2) 0.1% 0.4% -0,3 p.p.
RORWA (Profit after tax / RWA) (3) 0.3% 1.0% -0.7 p.p.
ROE (Profit attributable to the group / Equity) (4) 1.9% 6.0% -4.1 p.p.
ROTE ( Profit attributable to the group / Average tangible equity) (5) 1.9% 6.2% -4.3 p.p.
ROE (Profit attributable to the group / Equity) pre COVID-19 5.2% 6.0% -0.8 p.p.
ROTE ( Profit attributable to the group  / Average tangible equity) pre COVID-19 5.4% 6.2% -0.8 p.p.
  Sep-20 Dec-19 Change
Bankia share      
Number of shareholders 167,868 173,949 (3.5%)
Number of shares in issue (million) 3,070 3,070 0.0%
Closing price (end of period, €) (6) 1,24 1,90 (34.7%)
Market capitalisation (€ million) 3,811 5,840 (34.7%)
Earnings per share (€) (7) 0.08 0.18 (55.6%)
Tangible book value per share (€) (8) 4.09 4.21 (2.9%)
PER (Last price (6) / Earnings per share(7)) 15.87x 10.79x (47.1%)
PTBV (Last price (6) / Tangible book value per share) 0.30x 0.45x (32.8%)
Cash dividend per share (cents) (9) - 11,576 -
Additional information      
Number of branches 2,127 2,275 (6.5%)
Number of employees 15,956 16,035 (0.5%)

(1) "Quick Fix" measures (IFRS 9 and unrealised gains adjustments) would have a positive impact of 69 bps in CET1 ratio, 62bps in Total Capital ratio an 65bps in MREL ratio.

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

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

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

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

(6) Using the last price as of 30 September 2020 and 31 December 2019..

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

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

(9) Distribution against the annual result. In Sep-20 is not contemplated any dividend payment against 2020 result.

End of main content