Appendix

Companies excluded from the sale agreement of the BBVA subsidiary in the United States

Hereafter the income statement and the balance sheet as of December 31, 2020 and 2019 of the companies of the United States subsidiary excluded from the sale agreement reached with PNC¹⁰ is presented.

INCOME STATEMENTS OF THE COMPANIES EXCLUDED FROM THE SALE AGREEMENT OF THE BBVA SUBSIDIARY IN THE UNITED STATES (MILLIONS OF EUROS)

	2020	2019
Net interest income	76	60
Net fees and commissions	182	139
Net trading income	59	58
Other operating income and expenses	47	50
Gross income	364	307
Operating expenses	(193)	(201)
Personnel expenses	(129)	(134)
Other administrative expenses	(62)	(62)
Depreciation	(3)	(5)
Operating income	170	105
Impairment on financial assets not measured at fair value through profit or loss	(47)	(30)
Provisions or reversal of provisions	(6)	0
Other gains (losses)	-	(0)
Profit/(loss) before tax	118	76
Income tax	(18)	(10)
Profit/(loss) for the year	100	66
Non-controlling interests	-	-
Net attributable profit/(loss)	100	66

SUMMARIZED BALANCE SHEETS OF THE COMPANIES EXCLUDED FROM THE SALE AGREEMENT OF THE BBVA SUBSIDIARY IN THE UNITED STATES (MILLIONS OF EUROS)

	31-12-20	31-12-19
Cash, cash balances at central banks and other demand deposits	5,854	2,613
Financial assets designated at fair value	970	277
Of which: Loans and advances	153	161
Financial assets at amortized cost	5,376	6,650
Of which: Loans and advances to customers	5,109	6,475
Inter-area positions	-	-
Tangible assets	10	14
Other assets	94	50
Total assets/liabilities and equity	12,304	9,604
Financial liabilities held for trading and designated at fair value through profit or loss	803	163
Deposits from central banks and credit institutions	845	945
Deposits from customers	4,756	3,895
Debt certificates	105	391
Inter-area positions	4,943	3,471
Other liabilities	305	233
Economic capital allocated	548	505

¹⁰ For more information about the agreement, see the chapter “Highlights” of this report.