Liberbank : Presentación de resultados correspondiente al primer trimestre de 2017

4 May 2017

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Asset quality

 Total NPAs down € 187m in the quarter, 3% QoQ and 23% YoY.

 NPLs down 38% YoY and 8% QoQ.

 Sales of foreclosed assets stand at € 56m in line with the guidance.

 Recurrent loan impairments below 40bp target.

Solvency

 The CET1 ratio stands at 12.0% and 11.1% under phased-in and fully loaded Basel III criteria. Total capital ratio (phased-in) stands at 14.0%, well above regulatory requirements.

 Liberbank issued a € 300m Tier2 bond that reinforced its capital ratios.

Business trends

 Mortgages and consumer new production performs well during the 1Q17

+69% YoY. Corporates (exc RED) performing loan book grows +7.2% YoY.

 Proven ability to retain customers and resources while reducing costs and closing branches. Customer funds +2.5% YoY.

Operating profit

 Customer spread keeps improving, +3bp QoQ and recurrent fees improve 3.4% YoY. Costs remain under control.

 Liberbank booked the full contribution to the Resolution Fund and real estate assets property tax (aggregated € 21m impact) during this 1Q.

1. Asset Quality

1. Solvency
2. Commercial Activity
3. Results analysis
4. Liquidity and Fixed Income portfolio
5. Appendix