45. Operating segments
The Bank has three operating segments, as described below:
-Retail Banking: this segment encompasses the entire commercial banking business. The retail banking activities include products and services for SMEs such as personal loans, deposit-taking, employee payroll accounts for corporate customers, credit and debit cards and overdraft facilities.
-Global Corporate Banking: this segment reflects the Global Corporate Banking business in Mexico, including all the managed treasury departments and the equities business. The global corporate banking activities include products and services for our corporate customers, such as investment banking and project finance.
-Corporate Activities: this segment includes the centralized management business relating to financial and industrial investments, the financial management of the structural currency position and its structural interest rate risk position and the management of liquidity and equity through issues and securitizations and assets and liabilities management.
The Bank does not have any customers that individually accounted for 10% or more of the Bank’s interest and similar income for 2015, 2016 and 2017.
The 2015 consolidated income statement and other significant data are as follows:
|
|
|
|
|
|
|
Global |
|
|
|
|
|
|
|
|
|
|
|
Retail |
|
|
Corporate |
|
|
Corporate |
|
|
|
|
|
2015 |
|
|
Banking |
|
|
Banking |
|
|
Activities |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
|
37,514 |
|
|
4,060 |
|
|
1,414 |
|
|
42,988 |
|
|
Dividend income |
|
|
— |
|
|
24 |
|
|
80 |
|
|
104 |
|
|
Net fee and commission income |
|
|
11,839 |
|
|
1,786 |
|
|
7 |
|
|
13,632 |
|
|
Gains/(losses) on financial assets and liabilities and exchange differences (net) |
|
|
866 |
|
|
1,060 |
|
|
584 |
|
|
2,510 |
|
|
Other operating income/(expenses) |
|
|
(2,101) |
|
|
(466) |
|
|
29 |
|
|
(2,538) |
|
|
Total income |
|
|
48,118 |
|
|
6,464 |
|
|
2,114 |
|
|
56,696 |
|
|
Administrative expenses |
|
|
(18,647) |
|
|
(1,956) |
|
|
(177) |
|
|
(20,780) |
|
|
Depreciation and amortization |
|
|
(1,759) |
|
|
(94) |
|
|
(10) |
|
|
(1,863) |
|
|
Impairment losses on financial assets (net) |
|
|
(15,081) |
|
|
(960) |
|
|
— |
|
|
(16,041) |
|
|
Impairment losses on other assets (net) |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
Provisions (net) |
|
|
265 |
|
|
— |
|
|
(7) |
|
|
258 |
|
|
Gains/(losses) on disposal of assets not classified as non-current assets held for sale (net) |
|
|
— |
|
|
— |
|
|
7 |
|
|
7 |
|
|
Gains/(losses) on disposal of non-current assets not classified as discontinued operations (net) |
|
|
— |
|
|
— |
|
|
91 |
|
|
91 |
|
|
Operating profit before tax |
|
|
12,896 |
|
|
3,454 |
|
|
2,018 |
|
|
18,368 |
|
|
Income tax |
|
|
|
|
|
|
|
|
|
|
|
(4,304) |
|
|
Profit for the year |
|
|
|
|
|
|
|
|
|
|
|
14,064 |
|
|
Profit attributable to the Parent |
|
|
|
|
|
|
|
|
|
|
|
14,051 |
|
|
Profit attributable to non-controlling interest |
|
|
|
|
|
|
|
|
|
|
|
13 |
|
|
Total assets |
|
|
473,399 |
|
|
524,098 |
|
|
178,337 |
|
|
1,175,834 |
|
|
Total liabilities |
|
|
404,431 |
|
|
414,004 |
|
|
249,641 |
|
|
1,068,076 |
|
The 2016 consolidated income statement and other significant data are as follows:
|
|
|
|
|
|
|
Global |
|
|
|
|
|
|
|
|
|
|
|
Retail |
|
|
Corporate |
|
|
Corporate |
|
|
|
|
|
2016 |
|
|
Banking |
|
|
Banking |
|
|
Activities |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
|
42,277 |
|
|
4,899 |
|
|
1,954 |
|
|
49,130 |
|
|
Dividend income |
|
|
— |
|
|
— |
|
|
94 |
|
|
94 |
|
|
Net fee and commission income |
|
|
12,211 |
|
|
1,749 |
|
|
(20) |
|
|
13,940 |
|
|
Gains/(losses) on financial assets and liabilities and exchange differences (net) |
|
|
721 |
|
|
2,682 |
|
|
359 |
|
|
3,762 |
|
|
Other operating income/(expenses) |
|
|
(2,104) |
|
|
(649) |
|
|
(122) |
|
|
(2,875) |
|
|
Total income |
|
|
53,105 |
|
|
8,681 |
|
|
2,265 |
|
|
64,051 |
|
|
Administrative expenses |
|
|
(19,955) |
|
|
(2,440) |
|
|
(260) |
|
|
(22,655) |
|
|
Depreciation and amortization |
|
|
(1,890) |
|
|
(158) |
|
|
(10) |
|
|
(2,058) |
|
|
Impairment losses on financial assets (net) |
|
|
(15,955) |
|
|
(706) |
|
|
— |
|
|
(16,661) |
|
|
Provisions (net) |
|
|
(75) |
|
|
(29) |
|
|
(777) |
|
|
(881) |
|
|
Gains/(losses) on disposal of assets not classified as non-current assets held for sale (net) |
|
|
— |
|
|
— |
|
|
20 |
|
|
20 |
|
|
Gains/(losses) on disposal of non-current assets not classified as discontinued operations (net) |
|
|
— |
|
|
— |
|
|
71 |
|
|
71 |
|
|
Operating profit before tax |
|
|
15,230 |
|
|
5,348 |
|
|
1,309 |
|
|
21,887 |
|
|
Income tax |
|
|
|
|
|
|
|
|
|
|
|
(5,351) |
|
|
Profit for the year |
|
|
|
|
|
|
|
|
|
|
|
16,536 |
|
|
Profit attributable to the Parent |
|
|
|
|
|
|
|
|
|
|
|
16,536 |
|
|
Profit attributable to non-controlling interest |
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
Total assets |
|
|
519,589 |
|
|
588,596 |
|
|
242,752 |
|
|
1,350,937 |
|
|
Total liabilities |
|
|
475,625 |
|
|
564,131 |
|
|
205,954 |
|
|
1,245,710 |
|
The 2017 consolidated income statement and other significant data are as follows:
|
|
|
|
|
|
|
Global |
|
|
|
|
|
|
|
|
|
|
|
Retail |
|
|
Corporate |
|
|
Corporate |
|
|
|
|
|
2017 |
|
|
Banking |
|
|
Banking |
|
|
Activities |
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
|
47,969 |
|
|
5,295 |
|
|
2,580 |
|
|
55,844 |
|
|
Dividend income |
|
|
— |
|
|
5 |
|
|
145 |
|
|
150 |
|
|
Net fee and commission income |
|
|
13,047 |
|
|
1,758 |
|
|
8 |
|
|
14,813 |
|
|
Gains/(losses) on financial assets and liabilities and exchange differences (net) |
|
|
786 |
|
|
2,532 |
|
|
146 |
|
|
3,464 |
|
|
Other operating income/(expenses) |
|
|
(2,136) |
|
|
(505) |
|
|
(304) |
|
|
(2,945) |
|
|
Total income |
|
|
59,666 |
|
|
9,085 |
|
|
2,575 |
|
|
71,326 |
|
|
Administrative expenses |
|
|
(22,377) |
|
|
(2,759) |
|
|
(301) |
|
|
(25,437) |
|
|
Depreciation and amortization |
|
|
(2,317) |
|
|
(204) |
|
|
(12) |
|
|
(2,533) |
|
|
Impairment losses on financial assets (net) |
|
|
(17,763) |
|
|
(1,057) |
|
|
— |
|
|
(18,820) |
|
|
Provisions (net) |
|
|
(98) |
|
|
20 |
|
|
(359) |
|
|
(437) |
|
|
Gains/(losses) on disposal of assets not classified as non-current assets held for sale (net) |
|
|
— |
|
|
— |
|
|
6 |
|
|
6 |
|
|
Gains/(losses) on disposal of non-current assets not classified as discontinued operations (net) |
|
|
— |
|
|
— |
|
|
69 |
|
|
69 |
|
|
Operating profit before tax |
|
|
17,111 |
|
|
5,085 |
|
|
1,978 |
|
|
24,174 |
|
|
Income tax |
|
|
|
|
|
|
|
|
|
|
|
(5,496) |
|
|
Profit for the year |
|
|
|
|
|
|
|
|
|
|
|
18,678 |
|
|
Profit attributable to the Parent |
|
|
|
|
|
|
|
|
|
|
|
18,678 |
|
|
Profit attributable to non-controlling interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
551,250 |
|
|
531,295 |
|
|
246,646 |
|
|
1,329,191 |
|
|
Total liabilities |
|
|
521,787 |
|
|
521,284 |
|
|
170,710 |
|
|
1,213,781 |
|