This area comprises the banking, pensions and insurance business conducted in Mexico by BBVA Group (hereinafter, BBVA Mexico). It should be mentioned that on January 9, 2013 the Group successfully concluded the sale of its entire stake in the company Administradora de Fondos para el Retiro Bancomer, S.A. de C.V. The total adjusted price was USD 1,735m, representing capital gains of approximately €800m, net of tax.
