Consolidated income statement: quarterly evolution
(Million euros)
NET INTEREST INCOME
Net fees and commissions
Net trading income
Dividend income
Income by the equity method
Other operating income and expenses
GROSS INCOME
Operating costs
Personnel expenses
General and administrative expenses
Depreciation and amortization
OPERATING INCOME
Impairment on financial assets (net)
Provisions (net)
Other gains (losses)
INCOME BEFORE TAX
Income tax
NET INCOME
Minority interests
NET ATTRIBUTABLE PROFIT
One-off operations (1)
NET ATTRIBUTABLE PROFIT (excluding one-off operations)
the sale of holdings available for sale that were
considered strategic.
Operating profit no longer appears. To provide an
equivalent reference the attached income
statement contains operating income, which is the
result of deducting administration costs,
depreciation and amortization from gross income.
In the first quarter of 2009 the BBVA Group
obtained net attributable profit of €1,238m, which
was less than €1,951m in the first quarter of last
year but far more than the fourth quarter of 2008
(€519m). The size of the profit in this quarter is of
particular relevance if the following factors are taken
into account: the adverse economic conditions, which
are very similar to those in the final months of 2008,
2009 2008
1Q
(1) In 2008, capital gains from Bradesco in the first quarter, provisions for non-recurrent early retirements in the second and fourth quarters and provision for the loss originated by
the Madoff fraud in the fourth quarter.
4Q
the sharp decline in income recorded by many large
international banking groups last year and the
Net atributable profit (1)
(Million euros)
1,442 1,486
1Q 2Q 3Q 4Q
1Q
2008
2009
(1) Excluding results of one-off operations.
(2) At constant exchange rate: –11.2%.
3Q
3,272 3,088 3,043 2,829 2,726
1,079 1,105 1,138 1,153 1,131
364 139 260 568 591
41 45 161 186 56
4 25 95 34 139
129 157 96 83 130
4,889 4,558 4,794 4,854 4,772
(2,070) (2,203) (2,099) (2,069) (2,084)
(1,161) (1,188) (1,185) (1,165) (1,178)
(734) (827) (740) (743) (730)
(175) (187) (174) (161) (177)
2,819 2,355 2,695 2,784 2,688
(916) (859) (917) (607) (557)
(104) (837) 18 (467) (145)
36 (30) 11 (2) 797
1,834 628 1,807 1,708 2,783
(480) (12) (316) (476) (738)
1,354 616 1,491 1,232 2,045
(116) (98) (99) (75) (94)
1,238 519 1,392 1,157 1,951
- (575) - (329) 509
1,238 1,093 1,392 1,486 1,442
–14.2% (2)
1,392
1Q09 GROUP INFORMATION
Earnings
2Q
1,093
1Q
1,238
7
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