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Download the 2017 financial statements

Balance sheet

BALANCE SHEET
in millions of euros
At 31/12/2017 At 31/12/2016 At 31/12/2015
       
ASSETS      
Cash in hand, central banks, national giro (note 1) 3,174.15 1,626.81 2,264.96
Treasury bills and other bills eligible for refinancing with central banks (note 1) 1,000.00 4,000.00 9,000.00
Loans and advances to credit institutions (note 1)      
. repayable on demand 0.05 0.03 0.18
. repayable at maturity 0.00 0.00 520.61
Intangible assets (note 2) 0.00 0.00 0.00
Tangible assets (note 2) 0.06 0.08 0.09
Real-estate assets (note 13bis)      
Other assets (note 3) 1,243.91 167.13 185.89
Accrued income and prepaid expenses (note 4) 1,980.09 6,824.83 6,287.54
       
TOTAL ASSETS 7,398.26 12,628.88 18,259.27
       
LIABILITIES      
       
Amounts owed to credit institutions (note 5)      
. repayable on demand 0.00 0.00 0.00
. repayable at maturity 1,003.37 1,003.37 1,003.46
Debts evidenced by certificates (note 6)      
. Negotiable debt instruments 7,521.51 14,093.80 8,431.71
. Bonds and similar instruments 117,155.77 126,673.50 129,413.81
. Other debts evidenced by certificates      
Other liabilities (note 7) 220.30 5,329.78 4,748.37
Accrued expenses and deferred income (note 8) 2,173.59 1,263.56 1,199.74
Sub-total - Debts
128,074.55 148,364.01 144,797.09
Provisions (note 8) 113.26 98.40 113.06
roperty endowment
181.22 181.22 181.22
Retained earnings (136,014.76) (150,441.15) (140,344.97)
Profit for period 15,043.99 14,426.39 13,512.87
Sub-total-Reserves (120,789.54) (135,833.53) (126,650.88)
       
TOTAL LIABILITIES 7,398.26 12,628.88 18,259.27

 

 

Profit ans loss account

Period ended
(in millions of euros)
At 31/12/2017 At 31/12/2016 At 31/12/2015
Interest receivable and similar income (note 9) 1,024.97 1,086.12 876.67
. Interest receivable and similar income on transactions with credit institutions 225.32 160.33 39.19
. Interest receivable and similar income on bonds and other fixed-income securities 0.00 0.00 0.09
Other interest receivable and similar income 799.65 925.79 837.39
       
Interest payable and similar charges (note 10) (3,154.33) (3,378.43) (3,591.72)
.On transactions with credit institutions (42.36) (40.79) (43.87)
.On bonds and other fixed-income securities (3,111.97) (3,337.64) (3,547.85)
Other interest payable and similar charges      
Fees payable (note 10) (30.93) (37.66) (26.87)
       
Gains and loss on investment securities (note11) 0.00 0.00 (0.10)
. Net profit (loss) on foreign exchange transactions 0.00 0.00 0.00
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 (2,160.30) (2,329.99) (2,742.04)
       
General operating charges (note 13) (2.78) (2.92) (2.87)
. Staff costs (1.09) (1.11) (1.07)
. Other administrative expenses (1.69) (1.81) (1.80)
       
Depreciation and provisions - intangible and tangible assets (0.01) (0.01) (0.02)
       
Other operating income 17,380.97 16,933.24 16,635.60
. Income related to CRDS and CSG (note 12 and 12.1a) 15,262.46 14,811.43 13,008.56
. Income related to social levies on income (3.60) (15,28) 1,526.90
       
. Income from the retirement reserve fund (note 12.3) 2,100.00 2,100.00 2,100.00
. Income from property (note 13.1) 0.15 0.20 0.13
. Provisions reversed for CRDS and CSG loans 14.79 14.90 0.00
. Other provisions reversed for receivables 7.17 21.99 0.01
Other operating charges (173.98) (173.95) (190.29)
. related to CRDS and CSG (note 12 and 12.1) (150.34) (150.72) (130.17)
. Charges relating to social levies on income (note 12.2a) 0.02 (0.58) (32.99)
(. Payments to social cecurity agencies (note 14)      
. Provision for receivables (note 12
and 12.a)
0.00 0.00 0.00
. Provision for sundry liabilities  (note 14) 0.00 0.00 (5.40)
. Provision for recievables (note 12,12a,12.1a and 12.2a) (23.57) (22.65) (21.73)
. Charges related to property (note 13.a) (0.09) 0.00 0.00
Estimation changes and error adjustments (note 15a) 0.00 0.00 (187.97)
GROSS OPERATING PROFIT 15.043.89 14,426.36 13,512.42
OPERATING PROFIT 15.043.89 14,426.36 13,512.42
- Exceptional income ( Note 15) 0.10 0.03 0.45
       
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 15.043.89 14,426.36 13,512.42
       
NET PROFIT FOR PERIOD 15.044.99 14,426.36 13,512.42

 

Off balance sheet commitments

OFF BALANCE SHEET ITEMS
in millions of euros (Notes 16 to 18)
At 31/12/2017 At 31/12/2016 At 31/12/2015
COMMITMENTS GIVEN      
Annual payement to the State      
Payments to social security funding organizations     23,609.04
Other commitments given      
acquired under repurchase agreements      
COMMITMENTS RECEIVED 700.00 700.00 1 200.00
-From credit institutions ( Note 18)      
- From Banks for the purchase of treasory notes      
-ECP and USCP arguments      
-Retirement reserve fund 14,700.00 16,800.00 18,900.00