Expected loss in the non-doubtful debt portfolio, expressed in consolidated terms and adjusted to the economic cycle average, stood at €3,216 million euros at the close of December 2010, an increase of 13.6% compared with the same date in 2009.
The main portfolios of the BBVA Group experienced use of expected loss and economic capital, as shown in the following table.
The breakdown of use of attributable expected losses by areas of business as of December 31, 2009 is shown in Chart 26. Spain and Portugal, with an exposure which accounts for 44.8% of the total, had an expected loss-to-exposure ratio of 0.40%. WB&AM accounted for 18.7% of the exposure, with a ratio of expected loss-to-exposure of 0.10%. Mexico had a weight of 15.8% and a ratio of 0.9%; the United States had a weight of 10.2% and a ratio of 0.9%; and South America had a weight of 10.4% and an expected loss-to-exposure ratio of 1.1%.
