Balance sheet management

Increased commercial activity throughout the year, together with the incorporation of TSB, is reflected in the growth of credit volumes and funds.

Reduction in balance of doubtful assets
(Dec. 2013 – Dec. 2015)
5,500M€ -22.4%

Reduction of problem assets
(Dec. 2013 – Dec. 2015)
4,500M€ -12.8%

Sale of real estate assets
16% more than in the previous year and with lower discounts

Funds (ex-TSB)

Deposits +1.9% MMF +36.4%
Credit activities

Loans and advances (ex. non-performing loans and TSB)
+2.1% Mortgages (new loans ex-TSB) +39%
Reduction in NPL ratio


The reduction of problem assets has surpassed the target included in the Business Plan.

32% of the loan book is located outside of Spain, ahead of the targets laid out in the business plan.