The following tables present the average levels of interest rate risk in terms of the sensitivity of net interest income and economic value for the Group’s main financial institutions as of December 31, 2013:
Table 44. Variations in interest rates
|
|
Impact on Net Interest Income (1) | |
|---|---|---|
|
|
Increase of 100 basis points | Decrease of 100 basis points |
| Europa | +6.41% | –7.80% |
| BBVA Bancomer | +2.27% | –2.27% |
| BBVA Compass | +6.27% | –8.11% |
| BBVA Ads | +1.53% | –1.39% |
| BBVA GROUP | +3.42% | –3.90% |
|
|
Impact on Economic Value (1) | |
|---|---|---|
|
|
Incremento de 100 puntos básicos | Decremento de 100 puntos básicos |
| Europa | +1.58% | –1.92% |
| BBVA Bancomer | –1.39% | +1.59% |
| BBVA Compass | +1.60% | –6.51% |
| BBVA Ads | –2.39% | +3.01% |
| BBVA GROUP | +0.80% | –1.66% |
The negative sensitivity to a fall in interest rates in Europe and the U.S. is limited by the current level of rates, very close to zero, which prevents the occurrence of extremely adverse scenarios. This is not the case with rise scenarios, with a greater range, which generates a positive asymmetry in potential results due the positioning of the balance sheets.