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

January - June Change 2Q22 Quarter-on-quarter
€ million / % 2022 2021
PROFIT/(LOSS)
Net interest income 3,156 2,827 11.6% 1,606  3.6%
Net fee and commission income 1,994 1,640 21.6% 1,026  5.9%
Core income 5,649 4,899 15.3% 2,888  4.6%
Gross income 5,655 4,883 15.8% 2,880 3.8%
Recurring administrative expenses, depreciation and amortisation (3,011) (2,747) 9.6% (1,488) (2.3%)
Pre-impairment income 2,621 166 - 1,376 10.6%
Pre-impairment income stripping out extraordinary expenses 2,644 2,136 23.8% 1,392 11.2%
Profit/(loss) attributable to the Group 1,573 4,181 (62.4%) 866 22.5%
Profit/(loss) attributable to the Group ex M&A impacts in 2021 1,573 1,278 23.1% - -
MAIN RATIOS (Last 12 months)
Cost-to-income ratio 57.6% 75.8% (18.1) 57.6% (18.7)
Cost-to-income ratio stripping out extraordinary expenses
56.1% 54.3% 1.8 56.1% (1.3)
Cost of risk1 (last 12 months) 0.23% 0.30% (0.07) 0.23% -
ROE1
6.8% 8,2% (1.5) 6.8% 0.3
ROTE1
7.9% 9.8% (1.9) 7.9% 0.4
ROA1 0.3% 0.5% (0.1) 0.3% 0.0
RORWA1 1.1% 1.4% (0.3) 1.1% 0.1

June 2022 December 2021 Change March 2022 Quarter-on-quarter
BALANCE SHEET
Total assets 704,505 680,036 3.6% 689,217 2.2%
Equity 34,843 35,425 (1.6%) 35,916 (3.0%) 
BUSINESS ACTIVITY
Customer funds 624,087 619,971 0.7% 619,892 0.7%
Loans and advances to customers, gross 362,770 352,951 2.8% 353,404 2.7%
RISK MANAGEMENT
Non-performing loans (NPL) 12,424 13,634 (1,209) 13,361 (937)
Non-performing loan ratio 3.2% 3.6% (0.4) 3.5% (0.3)
Provisions for insolvency risk 8,126 8,625 (498) 8,648 (522)
NPL coverage ratio 65% 63% 2 65% -
Net foreclosed available for sale real estate assets 2,110 2,279 (169) 2,223 (113)
LIQUIDITY
Total Liquid Assets 162,847 168,349 (5,502) 171,202 (8,355)
Liquidity Coverage Ratio (last 12 months) 323% 320% 3 325% (2)
Net Stable Funding Ratio (NSFR) 150% 154% (4) 154% (4)
Loan to deposits 88% 89% (1) 89% (1)
CAPITAL ADEQUACY
Common Equity Tier 1 (CET1) 12.4% 13,1% (0.7) 13.4% (1.0)
Tier 1 14.4% 15.5% (1.1) 15.7% (1.3)
Total capital 16.6% 17.9% (1.3) 17.9% (1.3)
MREL 24.6% 25.7% (1.1) 25.7% (1.1)
Risk-Weighted Assets (RWAs) 215,521 215,651 (130) 214,249 1,272
Leverage Ratio 4.6% 5.3% (0.7) 5.2% (0.6)
SHARE INFORMATION
Share price (€/share) 3.317 2.414 0.903 3.077 0.240
Market capitalisation 26,079 19,441 6,638 24,779 1,300
Book value per share (€/share) 4.43 4.39 0.03 4.46 (0.03)
Tangible book value per share (€/share) 3.75 3.73 0.01 3.80 (0.05)
Net income (ex M&A impacts) attributable per share (€/share) (12 months) 0.30 0.28 0.02 0.28 0.01
PER (Price/Profit, ex M&A impacts ; times) 11.21 8.65 2.56 10.85 0.35
Tangible PBV (Market value/ book value of tangible assets) 0.88 0.65 0.24 0.81 0.07
OTHER DATA (units)
Employees 45,022 49,762 (4,740) 46,480 (1,458)
Branches2 4,543 5,317 (774) 4,824 (281)
of which: retail branches in Spain 3,934 4,615 (681) 4,213 (279)
ATMs 13,095 14,426 (1,331) 13,568 (473)

(1) The 2021 ratios do not include in the numerator the results generated by Bankia before 31 March 2021. which is the recognition date of the merger for accounting purposes or. for consistency. the contribution of the incorporated RWAs or balance items in the denominator, they neither consider the extraordinary impacts associated with the merger.
(2) Does not include branches outside Spain and Portugal or representative offices.