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 in 2014.
TABLE 60: Variations in interest rates
|
|
Impact on Net Interest Income (1) | |
|---|---|---|
|
|
Increase of 100 basis points | Decrease of 100 basis points |
| Europe | +7.19% | -5.63% |
| BBVA Bancomer | +1.73% | -1.36% |
| BBVA Compass | +7.08% | -5.00% |
| BBVA Ads | +2.00% | -1.85% |
| BBVA GROUP | +3.60% | -2.87% |
|
|
Impact on Economic Value (1) | |
|---|---|---|
|
|
Increase of 100 basis points | Decrease of 100 basis points |
| Europa | +2.40% | -2.98% |
| BBVA Bancomer | -3.50% | +2.85% |
| BBVA Compass | -1.85% | -5.79% |
| BBVA Ads | -2.56% | +2.97% |
| BBVA GROUP | +0.69% | -2.26% |
The negative exposure to a fall in interest rates is limited by the current level of the euro and dollar rates, very close to zero, which prevents the occurrence of extremely adverse scenarios. However, this is not the case with rise scenarios, which have a greater range, generating a positive asymmetry in potential results due to the positioning of the balance sheets.