These are our key details and figures, collected in our last presentation of results:

January - March Change
€ million / % 2021 2020
PROFIT/(LOSS)
Net interest income 1,191 1,200 (0.7%)
Net fee and commission income 659 658 0.2%
Core income 2,066 2,045 1.0%
Gross income 2,063 1,983 4.0%
Recurring administrative expenses, depreciation and amortisation (1,149) (1,188) (3.3%)
Pre-impairment income 874 796 9.8%
Pre-impairment income stripping out extraordinary expenses 914 796 14.9%
Profit/(loss) attributable to the Group 4,786 90 -
Profit/(loss) attributable to the Group stripping out merger impacts 514 90 -
MAIN RATIOS (Last 12 months)
Cost-to-income ratio 54.0% 67.6% (13.7)
Cost-to-income ratio stripping out extraordinary expenses 53.5% 56.1% (2.6)
Cost of risk1 (last 12 months) 0.61% 0.31% 0.29
ROE1 6.6% 4.5% 2.1
ROTE1 8.0% 5.4% 2.6
ROA1 0.4% 0.3% 0.1
RORWA1 1.1% 0.8% 0.4

March 2021 December
2020		 Change
BALANCE SHEET
Total assets 663,569 451,520 47.0%
Equity 35,552 25,278 40.6%
BUSINESS ACTIVITY
Customer funds 579,934 415,408 39.6%
Customer funds, excluding the Bankia integration 419,335 415,408 0.9%
Loans and advances to customers, gross 363,821 243,924 49.2%
Loans and advances to customers, gross, excluding the Bankia integration 242,805 243,924 (0.5%)
RISK MANAGEMENT
Non-performing loans (NPL) 14,077 8,601 5,476
Non-performing loans (NPL), excluding the Bankia integration 8,650 8,601 49
Non-performing loan ratio 3.6% 3.3% 0.3
Non-performing loan ratio, excluding the Bankia integration 3.3% 3.3% 0
Provisions for insolvency risk 9,415 5,755 3,660
Provisions for insolvency risk, excluding the Bankia integration 5,797 5,755 42
NPL coverage ratio 67% 67% -
NPL coverage ratio, excluding the Bankia integration 67% 67% 0
Net foreclosed available for sale real estate assets 2,469 930 1,539
Foreclosed available for sale real estate assets, excluding the Bankia integration 1,084 930 154
LIQUIDITY
Total Liquid Assets 147,146 114,451 32,695
Liquidity Coverage Ratio (last 12 months) 273% 248% 25
Net Stable Funding Ratio (NSFR) 146% 145% 1
Loan to deposits 97% 97%  
CAPITAL ADEQUACY
Common Equity Tier 1 (CET1) 14.1% 13.6% 0.5
Tier 1 16.1% 15.7% 0.4
Total capital 18.9% 18.1% 0.8
MREL 26.3% 26.3% -
Risk-Weighted Assets (RWAs) 208,498 144,073 64,425
Risk-Weighted Assets (RWAs) excluding the Bankia integration 142,333 144,073

(1,740)
Leverage Ratio 5.5% 5.6% (0.1)
SHARE INFORMATION
Share price (€/share) 2.639 2.101 0.538
Market capitalisation 21,259 12,558 8,701
Book value per share (€/share) 4.41 4.22 0.19
Tangible book value per share (€/share) 3.78 3.49 0.28
Net income (ex M&A impacts) attributable per share (€/share) (12 months)

0.28

 0.21 0.07
PER (Price/Profit, ex M&A impacts ; times) 9.43 10.14 (0.72)
Tangible PBV (Market value/ book value of tangible assets) 0.70 0.60 0.10
OTHER DATA (units)
Employees2 51,227 35,434 15,793
Branches2 6,298 4,208 2,090
of which: retail branches in Spain 5,552 3,571 1,981
ATMs2 15,372 10,283 5,089

(1) These ratios do not include in the numerator the results generated by Bankia in 1Q21 or, for consistency purposes, the contribution of the incorporated RWAs or balance items in the denominator. They neither consider the extraordinary impacts associated with the merger.
(2) At 31 March 2021, 15,911 employees, 2,101 branches (of which 2,013 retail) and 5,156 ATMs have been integrated from Bankia. Does not include branches outside Spain and Portugal or representative offices.