Banking activity in Spain
Millions of euros and year-on-year changes
Highlights
- Activity growth in high profitable segments.
- Good performance of net fees and commissions.
- Significant cost reduction.
- Solid asset-quality indicators: lower impairments and provisions.
Results
Net interest income
3,672
-1.8%
Operating income
2,680
-3.9%
Net attributable profit
1,522
+10.8%
Activity
Performing loans under management
-0.7%
Total customer funds
under management
+2.9%
Risks
NPL coverage ratio
NPL ratio
Cost of risk
Non Core Real Estate
Millions of euros and year-on-year changes
Highlights
- Continued positive trend in the Spanish real-estate market, although with a more moderate growth rate.
- Significant reduction in the net losses in the area.
- Successful reduction of the net real-estate exposure to minimum levels.
Results
Net interest income
32
-55.8%
Operating income
-28
-76.1%
Net attributable profit
-78
-84.2%
NET EXPOSURE TO
REAL-ESTATE
The United States
Millions of euros and year-on-year changes at constant exchange rate
Highlights
- Lending growth supported by business financing and retail segments.
- Good performance of net interest income and provisions.
- Efficiency improvement.
- Net attributable profit positively affected by the tax reform at the end of 2017.
Results
Net interest income
2,276
+12.1%
Operating income
1,127
+14.5%
Net attributable profit
735
+56.9%
Activity
Performing loans under management
+7.4%
Total customer funds
under management
+0.3%
Risks
NPL coverage ratio
NPL ratio
Cost of risk
Mexico
Millions of euros and year-on-year changes at constant exchange rate
Highlights
- Good performance of the activity, with growth in all segments.
- Expenses increase below the rate of gross income.
- Double-digit year-on-year growth in net attributable profit.
- Good asset quality indicators.
Results
Net interest income
5,568
+8.2%
Operating income
4,825
+10.0%
Net attributable profit
2,384
+16.1%
Activity
Performing loans under management
+8.1%
Total customer funds
under management
+3.6%
Risks
NPL coverage ratio
NPL ratio
Cost of risk
Turkey
Millions of euros and year-on-year changes at constant exchange rate
Highlights
- Activity impacted by the evolution of exchange rates.
- Good performance of recurring revenue items, as a result of the inflation-linked bonds performance.
- Operating expenses growth below inflation.
- Risk indicators affected by the update of the macroeconomic scenario and major requirements from wholesale customers.
Results
Net interest income
3,135
+30.3%
Gross income
3,901
+31.3%
Operating income
2,658
+40.9%
Net attributable profit
569
-4.5%
Activity
Performing loans under management
+6.2%
Total customer funds
under management
+17.7%
Risks
NPL coverage ratio
NPL ratio
Cost of risk
South America
Millions of euros and year-on-year changes at constant exchange rates
Highlights
- Excluding BBVA Chile, the activity evolves at a good pace.
- Argentina hyperinflation adjustment impacts in every item of the income statement.
Results
Net interest income
3,009
+12.8%
Operating income
2,011
-2.5%
Net attributable profit
591
-16.5%
Activity*
Performing loans under management
+8.6%
*Excluding BBVA Chile
Total customer funds
under management
+10.5%
Risks
NPL coverage ratio
NPL ratio
Cost of risk
Rest of Eurasia
Millions of euros and year-on-year changes
Highlights
- Positive trend in lending activity.
- Performance of deposits strongly influenced by the environment of negative interest rates.
- Despite de control costs, earnings affected by decrease in revenues.
- Improvement of the NPL and NPL coverage ratios.
Results
Net interest income
175
-2.5%
Operating income
124
-22.5%
Net attributable profit
93
-25.2%
Activity
Performing loans under management
+7.7%
Total customer funds
under management
-25.6%
Risks
NPL coverage ratio
NPL ratio
Cost of risk
