For the current quarter period ended on 31 March 2013, its revenues were €10.29bn, with a decrease of 9% from €11.35bn during the corresponding period last fiscal.
This decline can be attributed to deceleration in key economies, lower interest rates, which are at historic lows in euros, pounds, dollars and Brazilian reales, and the group’s decision to maintain high levels of liquidity.
The bank had a core capital ratio under Basel II criteria of 10.7% at the end of the first quarter, up 0.34% from the close of 2012. Core capital would be at 12% at the end of the year under Basel III criteria.
Continental Europe’s attributable profit came to €307m, down by 27.1% from €421m, while the UK attributable profit decreased by 23% to €224m compared to €291m during the same period a year ago.
Latin America’s attributable profit stood at €988m, down by 18.2% from €1.2bn, while US attributable profit decreased by 2.4% to €233m compared to €238m during the year ago quarter.
Having employee strength of 189,858 staff, the group manages 14,689 branch offices and serves more than 102 million customers.
