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

January - December Change 4Q23 Quarter-on-quarter
€ million / % 2023 2022
PROFIT/(LOSS)
Net interest income 10,113 6,553 54.3 % 2,749 0.4 %
Net fee and commission income 3,658 3,855  (5.1) % 917 2.5 %
Core income 15,137 11,504 31.6 % 4,009 (0.2) %
Gross income 14,231 11,093 28.3 % 3,542 (11.8) %
Recurring administrative expenses, depreciation and amortisation (5,812) (5,525)  5.2 % (1,447) (1.6) %
Pre-impairment income 8,410 5,519 52.4 % 2,095 (17.6) %
Pre-impairment income stripping out extraordinary expenses 8,419 5,568 51.2 % 2,095 (17.7) %
Profit/(loss) attributable to the Group 4,816 3,129 53.9 % 1,157 (24.0) %
MAIN RATIOS (Last 12 months)
Cost-to-income ratio 40.9 % 50.3 % (9.3) 40.9 % (1.8)
Cost-to-income ratio stripping out extraordinary expenses
40.8 % 49.8 % (9.0) 40.8 % (1.7)
Cost of risk (last 12 months) 0.28 % 0.25 % 0.03 0.28 % (0.02)
ROE
13.2 % 8.3 % 4.9 13.2 % 1.3
ROTE
15.6 % 9.8 % 5.9 15.6 % 1.5
ROA 0.7 % 0.4 % 0.3 0.7 % 0.1
RORWA 2.1 % 1.3 % 0.7 2.1 % 0.2

December   Change   September Quarter-on-quarter
2023 2022 2023
BALANCE SHEET
Total assets 607,167 598,850  1.4% 611,398 (0.7) %
Equity 36,339 33,708  7.8% 35,332 2.9 %
BUSINESS ACTIVITY
Customer funds 630,330 611,300 3.1 % 619,323  1.8 %
Loans and advances to customers, gross 354,098 361,323 (2.0) % 355,057  (0.3) %
RISK MANAGEMENT
Non-performing loans (NPL) 10,516 10,690 (175) 10,200 315
Non-performing loan ratio 2.7 % 2.7 % 0.0 2.7 % 0.1
Provisions for insolvency risk 7,665 7,867 (202) 7,725 (60)
NPL coverage ratio 73 % 74 % (0.7) 76 % (2.8)
Net foreclosed available for sale real estate assets 1,582 1,893 (311) 1,688 (106)
LIQUIDITY
Total Liquid Assets 160,204 139,010 21,193 153,813 6,390
Liquidity Coverage Ratio  215% 194% 21 205 % 11
Net Stable Funding Ratio (NSFR) 143% 142% 1 139 % 4
Loan to deposits 89% 91%

(2)

90 % (1)
CAPITAL ADEQUACY
Common Equity Tier 1 (CET1)  12.4%  12.8% (0.4) 12.3 % 0.1
Tier 1  14.3% 14.8% (0.4) 14.3 % 0.1
Total capital  17.1% 17.3% (0.2) 17.1 % 0.0
MREL 26.8% 25.9% 0.9 27.1 % (0.3)
Risk-Weighted Assets (RWAs) 228,619 215,103 13,516 222,423 6,196
Leverage Ratio 5.8% 5.6% 0.2 5.6 % 0.3
SHARE INFORMATION
Share price (€/share) 3.726 3.672 0.054 3.786 (0.060)
Market capitalisation 27,450 27,520 (70) 28,309 (859)
Book value per share (€/share) 4.93 4.49 0.44 4.72 0.21
Tangible book value per share (€/share) 4.20 3.77 0.43 4.00 0.20
Net income attributable per share  (€/share) (12 months) 0.64 0.40 0.24 0.58 0.07
PPER (Price/Profit; times) 5.78 9.18 (3.40) 6.58 (0.80)
Tangible PBV (Market value/ book value of tangible assets) 0.89 0.97 (0.09) 0.95 (0.06)
OTHER DATA (units)
Employees 44,863 44,625 238 44,771 92
Branches 4,191 4,404 (213) 4,199 (8)
of which: retail branches in Spain 3,618 3,818 (200) 3,622 (4)
ATMs 12,594 12,947 (353) 12,608 (14)