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

January - March Change
€ million / % 2022 2021
PROFIT/(LOSS)
Net interest income 1,550 1,191 30.1%
Net fee and commission income 969 659 47.0%
Core income 2,761 2,066 33.6%
Gross income 2,775 2,063 34.6%
Recurring administrative expenses, depreciation and amortisation (1,523) (1,149) 32.6%
Pre-impairment income 1,244 874 42.5%
Pre-impairment income stripping out extraordinary expenses 1,252 914 37.0%
Profit/(loss) attributable to the Group 707 4,786 (85.2%)
Profit/(loss) attributable to the Group ex M&A impacts in 2021

707

514

37.6%
MAIN RATIOS (Last 12 months)
Cost-to-income ratio 76.4% 54.0% 22.4
Cost-to-income ratio stripping out extraordinary expenses
57.4% 53.5% 3.9
Cost of risk1 (last 12 months) 0.23% 0.58% (0.35)
ROE1
6.5% 6.6% (0.2)
ROTE1
7.6% 8.0% (0.5)
ROA1 0.3% 0.4% (0.0)
RORWA1 1.0% 1.1% (0.1)

March 2022 December 2021 Change
BALANCE SHEET
Total assets 689,217 680,036 1.4%
Equity 35,916 35,425 1.4%
BUSINESS ACTIVITY
Customer funds 619,892 619,971 -
Loans and advances to customers, gross 353,404 352,951 0.1%
RISK MANAGEMENT
Non-performing loans (NPL) 13,361 13,634 (272)
Non-performing loan ratio 3.5% 3.6% (0.1)
Provisions for insolvency risk 8,648 8,625 23
NPL coverage ratio 65% 63% 2
Net foreclosed available for sale real estate assets 2,223 2.279 (56)
LIQUIDITY
Total Liquid Assets 171,202
168,349 2,854
Liquidity Coverage Ratio (last 12 months) 325% 320% 5
Net Stable Funding Ratio (NSFR) 154% 154%
Loan to deposits 89% 89%
CAPITAL ADEQUACY
Common Equity Tier 1 (CET1) 13.4% 13.1% 0.3
Tier 1 15.7% 15.5% 0.2
Total capital 17.9% 17.9% -
MREL2 26.5% 25.7% 0.8
Risk-Weighted Assets (RWAs) 214.004 215.651 (1,647)
Leverage Ratio 5.2% 5.3% (0.1)
SHARE INFORMATION
Share price (€/share) 3.077 2.414 0.663
Market capitalisation 24,779 19,441 5,338
Book value per share (€/share) 4.46 4.39 0.06
Tangible book value per share (€/share) 3.80 3.73 0.06
Net income (ex M&A impacts) attributable per share (€/share) (12 months) 0.28 0.28 0.00
PER (Price/Profit, ex M&A impacts; times) 10.85 8.65 2.21
Tangible PBV (Market value/ book value of tangible assets) 0.81 0.65 0.16
OTHER DATA (units)
Employees 46,480 49,762 (3,282)
Branches 4,824 5,317 (493)
of which: retail branches in Spain 4,213 4,615 (402)
ATMs3 13,568 14,426 (858)

(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) The March 2022 ratio Includes issues of Senior non-preferred debt for €1,000 million and £500 million in April 2022 (25.8% without considering this).
(3) Data for December 2021 has been restated.