2012 Highlights
26
![](../../images/charts/26_2012_Highlights.png)
BBVA generates high recurring revenues to absorb the year’s provisioning effort
![](../../images/charts/Page_49_Operating.png)
1. Highly positive trend of net interest income during the year...
27 Net interest income
(Million euros)
![](../../images/charts/27_Net_interest.png)
2. …reflected in gross income…
28 Recurring gross income (1)
(Million euros)
![](../../images/charts/28_Recurring.png)
3. …thanks to adequate diversification across emerging and developed markets
29 Gross income breakwodn (1)
(Percentage)
![](../../images/charts/29_Gross_income.png)
4. This, combined with suitable cost management tailored for the needs of each region…
30 Gross income and operating costs
(Year-on-year rate in percentage)
![](../../images/charts/30_Gross_income.png)
5. …means to remain one of the top banks in efficiency with high recurring operating income…
31 Efficiency and recurring operating income
![](../../images/charts/31_Efficiency.png)
6. …that can support the year’s provisioning effort without any difficulty
32 Loan-loss and real-estate provisioning(Million euros) |
Operating income/loan-loss and real-estate provisioning(Times) |
---|
![](../../images/charts/32_Loan_loss.png)
7. In summary, a solid income statement
Income statement
(Million euros)
|
Accumulated | Year-on-year change 2012-2011 | |
---|---|---|---|
|
2012 | Absolute | Percentage |
Net interest income | 15,122 | +1,970 | 15.0 |
Gross income | 22,441 | +2,414 | 12.1 |
Operating income | 11,655 | +1,365 | 13.3 |
Provisions related to real estate in Spain | –4,437 | –3,737 | n.m. |
Rest of provisions | –5,559 | +585 | –9.5 |
Income before tax | 1,659 | –1,787 | –51.9 |
Net attributable profit | 1,676 | –1,328 | –44.2 |
Risk under control
![](../../images/charts/Page_52_NPAs.png)
33 NPA and coverage ratios(Percentage) |
NPAs(Billion euros) |
---|
![](../../images/charts/33_NPA.png)
Core capital ratios improved and dividend maintained
![](../../images/charts/Page_52_CoreCapital.png)
1. Solid position and the ability to generate more
34 Core capital ratio (BIS II)
(Percentage)
![](../../images/charts/34_Core_capital.png)
Continuous improvement in funding structure
![](../../images/charts/Page_53_Liquidity.png)
1. Excellent balance sheet management in a complex enviroment
35
![](../../images/charts/35_123.png)
In short, solid fundamentals
36
![](../../images/charts/36_Strong_earnings.png)