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Download the 2016 annual financial statements

Balance sheet

BALANCE SHEET
in millions of euros
At 31/12/2016 At 31/12/2015 At 12/12/2014
       
ASSETS      
Cash in hand, central banks, national giro (note 1) 1,636.81 2,264.96 1,689.95
Treasury bills and other bills eligible for refinancing with central banks (note 1) 4,000.00 9,000.00 7,000.06
Loans and advances to credit institutions (note 1)      
. repayable on demand 0.03 0.18 0.38
. repayable at maturity   520.61 0.00
Intangible assets (note 2) 0.00 0.00 0.00
Tangible assets (note 2) 0.08 0.09 0.08
Real-estate assets (note 13bis)      
Other assets (note 3) 167.13 185.89 136.22
Accrued income and prepaid expenses (note 4) 6,824.83 6,287.54 4,631.01
       
TOTAL ASSETS 12,628.88 18,259.27 13,457.70
       
LIABILITIES      
       
Amounts owed to credit institutions (note 5)      
. repayable on demand 0.00 0.00 0.00
. repayable at maturity 1,003.37 1,003.46 1,003.37
Debts evidenced by certificates (note 6)      
. Negotiable debt instruments 14,093.80 8,431.71 6,374.08
. Bonds and similar instruments 126,673.50 129,413.81 131,869.13
. Other debts evidenced by certificates      
Other liabilities (note 7) 5,329.78 4,748.37 3,025.40
Accrued expenses and deferred income (note 8) 1,263.56 1,199.74 1,306.42
Sub-total - Debts
148,364.01 144,797.09 143,578.40
Provisions (note 8) 98.40 113.06 43.05
roperty endowment
181.22 181.22 181.22
Retained earnings (150,441.15) (140,344.97) (143,061.78)
Profit for period 14,426.39 13,512.87 12,716.81
Sub-total-Reserves (135,833.53) (126,650.88) (130,163.75)
       
TOTAL LIABILITIES 12,628.88 18,259.27 13,457.70

 

 

Profit ans loss account

Period ended
(in millions of euros)
At 31/12/2016 At 31/12/2015 At 31/12/2014
Interest receivable and similar income (note 9) 1,086.12 876.67 647.12
. Interest receivable and similar income on transactions with credit institutions 160.33 39.19 13.69
. Interest receivable and similar income on bonds and other fixed-income securities 0.00 0.09 3.52
Other interest receivable and similar income 925.79 837.39 629.91
       
Interest payable and similar charges (note 10) (3,378.43) (3,591.72) (3,870.57)
.On transactions with credit institutions (40.79) (43.87) (42.03)
.On bonds and other fixed-income securities (3,337.64) (3,547.85) (3,828.54)
Other interest payable and similar charges      
Fees payable (note 10) (37.66) (26.87) (27.47)
       
Gains and loss on investment securities (note11) 0.00 (0.10) (0.12)
. Net profit (loss) on foreign exchange transactions 0.00 (0.10) (0.12)
Gains and losses on investment secruities ( note11.1)      
Net profit ( loss) on investment securities      
Other operatin income - banking      
Other operation charges - banking (0.02) (0.02) (0.02)
       
NET BANKING INCOME (2,329.99) (2,742.04) (3,251.06)
       
General operating charges (note 13) (2.92) (2.87) (2.89)
. Staff costs (1.11) (1.07) (1.04)
. Other administrative expenses (1.81) (1.80) (1.85)
       
Depreciation and provisions - intangible and tangible assets (0.02) (0.01) (0.04)
       
Other operating income 16,933.24 16,635.60 16,196.21
. Income related to CRDS and CSG (note 12 and 12.1a) 14,811.43 13,008.56 12,609.55
. Income related to social levies on income (15.28) 1,526.90 1,486.11
       
. Income from the retirement reserve fund (note 12.a) 2,100.00 2,100.00 2,100.00
. Income from property (note 13.1) 0.20 0.13 0.13
. Provisions reversed for CRDS and CSG loans 14.90 0.00 0.41
. Other provisions reversed for receivables 21.99 0.01 0.00
Other operating charges (173.95) (190.29) (226.21)
. related to CRDS and CSG (note 12 and 12.1) (0.58) (32.99) (32.18)
. Charges relating to social levies on income (note 12.2a) (22.65) (21.73) (19.97)
(. Payments to social cecurity agencies (note 14)   (5.40) (42.80)
. Provision for receivables (note 12
and 12.a)
0.00 0.00 0.00
. Charges related to property (note 13.a) 0.00 0.00 (0.09)
Estimation changes and error adjustments (note 15a) 0.00 (187.97) 0.00
GROSS OPERATING PROFIT 14.426.36 13,512.42 12,716.01
OPERATING PROFIT 14,426.36 13,512.42 12,716.01
       
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 14,426.36 13,512.42 12,716.01
 - Exceptional income ( Note 15) 0.03  0.45  0.80 
NET PROFIT FOR PERIOD 14,426.39 13,512.87 12,716.81

 

Off balance sheet commitments

OFF BALANCE SHEET ITEMS
in millions of euros (Notes 15 to 17)
At 31/12/2016 At 31/12/2015 At 12/12/2014
COMMITMENTS GIVEN      
Annual payement to the State      
Payments to social security funding organizations   23,609.04 33,609.04
Other commitments given      
acquired under repurchase agreements      
COMMITMENTS RECEIVED 700.00 1,200.00 1,200.00
-From credit institutions ( Note 18)      
- From Banks for the purchase of treasory notes      
-ECP and USCP arguments      
-Retirement reserve fund 16,800.00 18,900.00 21,000.00