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BBVA in 2012

Mexico

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Mexico highlights in 2012

  • Sustained growth in activity, particularly in the retail portfolio.
  • Positive growth in revenue, above all in recurring revenue.
  • Implementation of expansion plans to make the most of market opportunities, focused mainly on technology and infrastructure.
  • Stable risk indicators.
  • Successful issuance of capital notes on international markets.
  • Conclusion of the Afore Bancomer sale in January 2013.
Income statement

(Million euros)

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Mexico

2012 Δ% Δ% (1) 2011 2010
Net interest income 4,164 10.3 7.8 3,776 3,648
Net fees and commissions 1,087 6.4 4.0 1,022 1,066
Net trading income 218 (26.3) (27.9) 296 384
Other income/expenses 288 27.0 24.2 227 180
Gross income 5,758 8.2 5.8 5,321 5,278
Operating costs (2,172) 12.2 9.7 (1,936) (1,826)
Personnel expenses (912) 11.0 8.5 (822) (819)
General and administrative expenses (1,126) 11.6 9.1 (1,009) (923)
Depreciation and amortization (133) 27.0 24.1 (105) (85)
Operating income 3,586 5.9 3.6 3,385 3,452
Impairment on financial assets (net) (1,320) 11.9 9.4 (1,180) (1,229)
Provisions (net) and other gains (losses) (41) (30.5) (32.1) (59) (85)
Income before tax 2,225 3.7 1.4 2,146 2,137
Income tax (538) 4.7 2.4 (513) (530)
Net income from ongoing operations 1,688 3.4 1.0 1,633 1,607
Net income from discontinued operations 136 69.1 65.4 81 80
Net income 1,824 6.4 4.1 1,714 1,687
Non-controlling interests (3) 20.6 17.9 (3) (4)
Net attributable profit 1,821 6.4 4.0 1,711 1,683
(1) At constant exchange rate.
Balance sheet

(Million euros)

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Mexico

31-12-12 ∆% Δ% (1) 31-12-11 31-12-10
Cash and balances with central banks 5,968 8.5 3.2 5,503 6,121
Financial assets 29,463 12.7 7.3 26,138 25,721
Loans and receivables 42,058 12.1 6.7 37,522 38,505
Loans and advances to customers 37,249 14.4 8.9 32,560 32,971
Loans and advances to credit institutions and others 4,809 (3.1) (7.7) 4,961 5,535
Tangible assets 1,168 18.5 12.8 986 887
Other assets 3,774 61.4 53.6 2,339 2,087
Total assets/Liabilities and equity 82,432 13.7 8.3 72,488 73,321
Deposits from cental banks and credit institutions 13,927 33.9 27.4 10,403 11,909
Deposits from customers 36,602 3.0 (1.9) 35,524 36,450
Debt certificates 3,952 1.6 (3.3) 3,889 3,861
Subordinated liabilities 4,249 77.1 68.6 2,399 2,014
Financial liabilities held for trading 5,830 7.2 2.1 5,438 4,855
Other liabilities 12,882 21.5 15.7 10,599 10,942
Economic capital allocated 4,991 17.8 12.2 4,236 3,290
(1) At constant exchange rate.
Significant ratios

(Percentage)

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                             Mexico

31-12-12 31-12-11 31-12-10
Efficiency ratio 37.7 36.4 34.6
NPA ratio 3.8 3.7 3.3
NPA coverage ratio 114 120 152
Risk premium 3.49 3.49 3.74
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