As of December 31, 2011, BBVA held a total of €5,101m in real estate assets at gross book value from corporate financing. These real estate assets have an average coverage of 34%, above the sector average.
Real estate assets
Foreclosures and asset purchases
(31-12-2011)
|
|
Gross book value (million euros) | Coverage (%) |
|---|---|---|
| From real estate developers | 5,101 | 34 |
| From dwellings | 1,509 | 27 |
| Other | 403 | 41 |
| Capital instruments | 701 | 41 |
| Total | 7,714 | 34 |