At the end of the fourth quarter of 2012, BBVA’s balance sheet and business activity reflect the trends that have been mentioned over the course of the year:
- Decline in gross customer lending during the quarter. Growth in activity in emerging markets is offset by the reduction in the Spain and in CIB loan portfolios.
- Positive performance in on-balance-sheet customer funds due mainly to the performance of the retail segment.
- Growth of debt certificates in the quarter and the year as a whole, basically due to new issues and promissory notes (“pagarés”) placed in the retail network.
- In short, another quarter in which there has been further improvement in the Group’s liquidity and funding structure.
- Positive impact of exchange rates during the year, though negative in the quarter.
Consolidated balance sheet
(Million euros)
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|
31-12-12 |
Δ % |
31-12-11 |
30-09-12 |
Cash and balances with central banks |
37,434 |
21.0 |
30,939 |
28,207 |
Financial assets held for trading |
79,954 |
13.2 |
70,602 |
83,449 |
Other financial assets designated at fair value through profit or loss |
2,853 |
(4.2) |
2,977 |
3,499 |
Available-for-sale financial assets |
71,500 |
23.0 |
58,143 |
71,329 |
Loans and receivables |
383,409 |
0.6 |
381,077 |
394,223 |
Loans and advances to credit institutions |
26,522 |
1.6 |
26,107 |
26,777 |
Loans and advances to customers |
352,930 |
0.3 |
351,900 |
363,818 |
Other |
3,957 |
28.9 |
3,069 |
3,629 |
Held-to-maturity investments |
10,162 |
(7.2) |
10,955 |
10,118 |
Investments in entities accounted for using the equity method |
6,795 |
16.3 |
5,843 |
6,681 |
Tangible assets |
7,785 |
6.2 |
7,330 |
8,396 |
Intangible assets |
8,912 |
2.7 |
8,677 |
8,849 |
Other assets |
29,056 |
37.4 |
21,145 |
30,696 |
Total assets |
637,860 |
6.7 |
597,688 |
645,447 |
Financial liabilities held for trading |
55,927 |
9.0 |
51,303 |
58,740 |
Other financial liabilities at fair value through profit or loss |
2,516 |
37.9 |
1,825 |
2,491 |
Financial liabilities at amortized cost |
506,487 |
5.5 |
479,904 |
507,764 |
Deposits from central banks and credit institutions |
106,511 |
15.1 |
92,503 |
112,738 |
Deposits from customers |
292,716 |
3.7 |
282,173 |
288,709 |
Debt certificates |
87,198 |
6.4 |
81,930 |
85,053 |
Subordinated liabilities |
11,845 |
(23.2) |
15,419 |
13,636 |
Other financial liabilities |
8,216 |
4.3 |
7,879 |
7,626 |
Liabilities under insurance contracts |
9,032 |
16.7 |
7,737 |
8,994 |
Other liabilities |
20,095 |
19.2 |
16,861 |
23,709 |
Total liabilities |
594,057 |
6.5 |
557,630 |
601,697 |
Non-controlling interests |
2,373 |
25.3 |
1,893 |
2,260 |
Valuation adjustments |
(2,183) |
(21.7) |
(2,787) |
(2,300) |
Shareholders' funds |
43,614 |
6.5 |
40,952 |
43,789 |
Total equity |
43,803 |
9.3 |
40,058 |
43,750 |
Total equity and liabilities |
637,860 |
6.7 |
597,688 |
645,447 |
Memorandum item: |
|
|
|
|
Contingent liabilities |
39,540 |
(0.9) |
39,904 |
40,062 |