Mexico highlights in the fourth quarter
- Bouyant activity.
- Very favorable performance of the more recurring revenue.
- Good management of customer spreads.
- BBVA Bancomer, one of the most efficient banks in the Mexican financial system.
- Improvement in risk indicators.
Income statement
(Million euros)
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|
|
Mexico | |||
|---|---|---|---|---|
|
|
2013 | Δ % | Δ % (1) | 2012 |
| Net interest income | 4,484 | 7.3 | 7.7 | 4,178 |
| Net fees and commissions | 1,184 | 10.3 | 10.7 | 1,073 |
| Net trading income | 208 | (4.6) | (4.3) | 219 |
| Other income/expenses | 325 | 13.4 | 13.7 | 286 |
| Gross income | 6,201 | 7.7 | 8.1 | 5,756 |
| Operating expenses | (2,335) | 7.8 | 8.2 | (2,166) |
| Personnel expenses | (996) | 9.4 | 9.8 | (910) |
| General and administrative expenses | (1,176) | 4.8 | 5.2 | (1,122) |
| Depreciation and amortization | (163) | 22.1 | 22.5 | (133) |
| Operating income | 3,865 | 7.7 | 8.0 | 3,590 |
| Impairment on financial assets (net) | (1,439) | 9.0 | 9.4 | (1,320) |
| Provisions (net) and other gains (losses) | (64) | 56.9 | 57.5 | (41) |
| Income before tax | 2,362 | 5.9 | 6.3 | 2,229 |
| Income tax | (557) | 3.2 | 3.5 | (539) |
| Net income | 1,805 | 6.8 | 7.2 | 1,690 |
| Non-controlling interests | (1) | 2.3 | 2.7 | (1) |
| Net attributable profit | 1,805 | 6.8 | 7.2 | 1,689 |
Balance sheet
(Million euros)
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|
|
Mexico | |||
|---|---|---|---|---|
|
|
31-12-13 | Δ % | Δ % (1) | 31-12-12 |
| Cash and balances with central banks | 6,175 | 3.5 | 8.8 | 5,968 |
| Financial assets | 29,528 | 0.4 | 5.6 | 29,396 |
| Loans and receivables | 40,940 | (2.9) | 2.1 | 42,165 |
| Loans and advances to customers | 38,517 | 3.1 | 8.4 | 37,364 |
| Loans and advances to credit institutions and other | 2,423 | (49.5) | (46.9) | 4,801 |
| Tangible assets | 1,292 | 10.6 | 16.3 | 1,168 |
| Other assets | 4,235 | 40.0 | 47.3 | 3,025 |
| Total assets/liabilities and equity | 82,171 | 0.5 | 5.7 | 81,723 |
| Deposits from central banks and credit institutions | 11,209 | (18.1) | (13.8) | 13,680 |
| Deposits from customers | 40,304 | 10.1 | 15.8 | 36,602 |
| Debt certificates | 3,917 | (0.9) | 4.2 | 3,952 |
| Subordinated liabilities | 3,627 | (14.6) | (10.2) | 4,249 |
| Financial liabilities held for trading | 5,784 | (0.8) | 4.3 | 5,830 |
| Other liabilities | 13,060 | 4.5 | 9.9 | 12,498 |
| Economic capital allocated | 4,270 | (13.1) | (8.6) | 4,912 |
Relevant business indicators
(Million euros and percentage)
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|
|
Mexico | ||
|---|---|---|---|
|
|
31-12-13 | 30-09-13 | 31-12-12 |
| Performing loans (1) | 38,678 | 36,852 | 35,217 |
| Customer deposits under management (1-2) | 40,809 | 41,214 | 38,417 |
| Mutual funds | 16,896 | 16,713 | 17,492 |
| Pension funds | - | - | - |
| Efficiency ratio (%) | 37.7 | 38.1 | 37.6 |
| NPA ratio (%) | 3.6 | 4.1 | 3.8 |
| NPA coverage ratio (%) | 110 | 105 | 114 |
| Risk premium (%) | 3.57 | 3.64 | 3.48 |