Annual report 2009 - Santander

2Key figuresBalance sheet and income statement (1) (Million euros) 2009 2008 2009/2008 % 2007 2007*Total assets 1,110,529 1,049,632 5.8 912,915Customer loans (net) 682,551 626,888 8.9 571,099Managed customer funds 900,057 826,567 8.9 784,872Shareholders' funds (after distribution of dividends) 70,006 63,768 9.8 51,945Total managed funds 1,245,420 1,168,355 6.6 1,063,892Net interest income 26,299 20,945 25.6 14,443Gross income 39,381 33,489 17.6 26,441Net operating income 22,960 18,540 23.8 14,417Results from discontinued operations 9,427 9,030 4.4 8,327Attributable profit to the Group 8,943 8,876 0.7 8,111 9,060Ratios (%)Efficiency (with amortization) 41.7 44.6 45.5ROE 13.90 17.07 19.61 21.91ROA 0.86 0.96 0.98 1.09RoRWA 1.74 1.86 1.76 1.95Core capital (2) 8.6 7.5 6.3Tier 1 (2) 10.1 9.1 7.7Ratio BIS (2) 14.2 13.3 12.7Tangible capital/tangible assets (3) 4.3 3.6 3.4Core funding ratio (4) 76.0 75.1 74.9Non-performing loan (NPL) ratio 3.24 2.04 0.95NPL coverage 75 91 151The share and capitalisationNumber of shares in circulation (million) 8,229 7,994 2.9 6,254Share price (euros) 11.550 6,750 71.1 13.790Market capitalisation (million euros) 95,043 53,960 76.1 92,501Shareholders’ funds per share (euros) (5) 8.04 7.58 7.23Share price/shareholders’ funds per share (times) (5) 1.44 0.89 1.91PER (share price/attributable profit per share) (times) (5) 11.05 5.53 11.56Attributable profit per share (euros) (5) 1.0454 1.2207 (14.4) 1.1924 1.3320Diluted attributable profit per share (euros) (5) 1.0382 1.2133 (14.4) 1.1809 1.3191Nominal dividend per share 0.6000 0.6508 (7.8) 0.6508Dividend per share (euros) (5) 0.6000 0.6325 (5.1) 0.6068Total dividend payout 4,919 4,812 2.2 4,070Other figuresNumber of shareholders 3,062,633 3,034,816 0.9 2,278,321Number of employees 169,460 170,961 (0.9) 131,819Continental Europe 49,870 48,467 2.9 47,838United Kingdom 22,949 24,379 (5.9) 16,827Latin America 85,974 96,405 (10.8) 65,628Sovereign 8,847Corporate activities 1,820 1,710 6.4 1,526Number of branches 13,660 13,390 2.0 11,178Continental Europe 5,871 5,998 (2.1) 5,976United Kingdom 1,322 1,303 1.5 704Latin America 5,745 6,089 (5.6) 4,498Sovereign 722(*) Includes capital gains and extraordinary allowances(1) In order to faciliate a comparative analysis a proforma statement for 2008 has been drawn up which consolidates Banco Real by global integration for the whole of the year. Capital gains and extraordinaryallowances are set out separately in "net extraordinary capital gains and allowances."(2) 2007 in BIS 1 criteria(3) (Capital +Reserves +Minority Interests +Profits -Treasury stock -Dividends -Valuation adjustments -Goodwill-Intangibles) / (Total assets-Goodwill-Intangibles)(4) (Deposits+medium and long-term wholesale financing+capital)/total assets (without trading derivatives)(5) 2007 and 2008 adjusted to the capital increase at the end of 2008 with preferential subscription rightsAnnual Review 2009