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BBVA in 2012

Spain

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Spain highlights in 2012

  • Favorable positioning in the sector’s restructuring.
  • Overall increases in market share.
  • Positive performance of customer deposits.
  • Strong operating income.
  • Increased impairment of assets related to the real-estate sector.
  • BBVA Spain named best global bank by The Banker.
Income statement

(Million euros)

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Spain

2012 Δ% 2011 2010
Net interest income 4,836 10.1 4,391 4,898
Net fees and commissions 1,607 10.0 1,461 1,673
Net trading income (13) n.m. 11 3
Other income/expenses 355 (23.6) 464 497
Gross income 6,784 7.2 6,328 7,072
Operating costs (2,818) 1.1 (2,787) (2,861)
Personnel expenses (1,679) (0.5) (1,687) (1,723)
General and administrative expenses (1,043) 4.0 (1,002) (1,040)
Depreciation and amortization (96) (1.9) (98) (97)
Operating income 3,967 12.0 3,541 4,211
Impairment on financial assets (net) (1) (5,710) 233.6 (1,711) (1,321)
Provisions (net) and other gains (losses) (1) (98) n.m. 68 236
Income before tax (1,841) n.m. 1,897 3,127
Income tax 575 n.m. (546) (914)
Net income (1,267) n.m. 1,352 2,212
Non-controlling interests (1) 106.4 (0) (3)
Net attributable profit (1,267) n.m. 1,352 2,210
Adjusted (2) (2,478) n.m. (128) 58
Net attributable profit (adjusted) (2) 1,211 (18.2) 1,480 2,151
(1) The third quarter of 2010 includes €223 million, respectively stemming from the sale-and-leaseback of retail branches, and their allocation to generic provisions for NPA for the same amount.
(2) In 2010, 2011 and 2012, impairment charge related to the deterioration of the real-estate sector in Spain.
Balance sheet

(Million euros)

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Spain

31-12-12 Δ% 31-12-11 31-12-10
Cash and balances with central banks 11,427 (14.5) 13,373 4,026
Financial assets 77,867 12.9 68,974 62,438
Loans and receivables 221,906 (1.6) 225,480 229,112
Loans and advances to customers 200,568 (4.3) 209,543 213,768
Loans and advances to credit institutions and others 21,338 33.9 15,937 15,344
Inter-area positions - - - -
Tangible assets 823 (8.9) 903 952
Other assets 5,127 57.4 3,257 2,658
Total assets/Liabilities and equity 317,151 1.7 311,987 299,186
Deposits from central banks and credit institutions 52,274 17.2 44,592 29,242
Deposits from customers 126,777 10.4 114,832 127,445
Debt certificates 8,235 124.6 3,668 105
Subordinated liabilities 2,986 (48.4) 5,788 5,600
Inter-area positions 44,251 (32.4) 65,471 75,024
Financial liabilities held for trading 53,157 9.9 48,351 34,757
Other liabilities 17,360 (7.3) 18,727 16,914
Economic capital allocated 12,110 14.7 10,558 10,100
Significant ratios

(Percentage)

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                        Spain

31-12-12 31-12-11 31-12-10
Efficiency ratio 41.5 44.0 40.5
NPA ratio 6.9 4.8 4.8
NPA coverage ratio 67 44 44
Risk premium 2.66 0.78 0.60
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