Statement of income
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Contents Foreword Management report Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Statement of income
For the year ended 31 December
Amounts in millions of euros
Note
2016
2015
Interest income
21
14,931
8,812
Interest expense
21
9,434
8,280
Net interest income
21
5,497
532
Fee and commission income
22
1,927
516
Fee and commission expense
22
212
218
Net fee and commission income
22
1,715
298
Income from equity interests
23
2,017
796
Net income from financial transactions
Trading portfolio
40
147
Investment portfolio
214
533
Other results
514
1,948
Income
9,997
4,254
Staff costs
24
3,307
1,558
Other administrative expenses
3,054
1,381
Depreciation
342
233
Operating expenses
6,703
3,172
Impairment losses on investments in associates
700
Loan impairment charges
155
194
Regulatory levies
25
424
138
Operating profit before taxation
2,015
750
Income tax
26
55
(158)
Net profit
1,960
908
253 Annual figures