Balance sheet and business activity

BBVA Group’s activity is in line with the trends discussed in previous periods. The key developments so far this year are summarized below, with data as of September 30, 2017:

  • Geographic disparity of loans and advances to customers (gross) continued. Lending was increasing in emerging geographies but there has been deleveraging in Spain. In the United States, there has been a decline in lending activity this year, reflecting the area's strategy for selective growth in the more profitable portfolios, though lending recovered slightly in the third quarter of 2017.
  • Non-performing loans have again declined, thanks to an improvement in nearly all areas, particularly in Spain.
  • In deposits from customers, there was another notable increase across the board in lower-cost products such as current and savings accounts, and a decline in time deposits.
  • Off-balance-sheet funds have continued to increase, mainly mutual and investment funds, as well as other off-balance-sheet funds.

Consolidated balance sheet (Million euros)

30-09-17 ∆% 31-12-16 30-09-16
Cash, cash balances at central banks and other demand deposits 36,023 (10.0) 40,039 28,958
Financial assets held for trading 65,670 (12.4) 74,950 75,569
Other financial assets designated at fair value through profit or loss 2,848 38.2 2,062 2,104
Available-for-sale financial assets 74,599 (5.8) 79,221 86,673
Loans and receivables 449,564 (3.5) 465,977 459,554
Loans and advances to central banks and credit institutions 36,556 (9.2) 40,268 42,487
Loans and advances to customers 401,734 (3.1) 414,500 406,124
Debt securities 11,275 0.6 11,209 10,943
Held-to-maturity investments 14,010 (20.8) 17,696 19,094
Investments in subsidiaries, joint ventures and associates 1,584 107.0 765 751
Tangible assets 7,963 (10.9) 8,941 9,470
Intangible assets 8,743 (10.7) 9,786 9,503
Other assets 29,793 (8.1) 32,418 32,951
Total assets 690,797 (5.6) 731,856 724,627
Financial liabilities held for trading 45,352 (17.1) 54,675 55,226
Other financial liabilities designated at fair value through profit or loss 2,372 1.5 2,338 2,436
Financial liabilities at amortized cost 559,289 (5.1) 589,210 581,593
Deposits from central banks and credit institutions 84,927 (13.6) 98,241 106,557
Deposits from customers 392,865 (2.1) 401,465 385,348
Debt certificates 69,285 (9.3) 76,375 76,363
Other financial liabilities 12,212 (7.0) 13,129 13,325
Liabilities under insurance contracts 9,665 5.8 9,139 9,274
Other liabilities 19,720 (6.4) 21,066 20,207
Total liabilities 636,397 (5.9) 676,428 668,736
Non-controlling interests 7,069 (12.3) 8,064 8,324
Accumulated other comprehensive income (7,956) 45.8 (5,458) (4,681)
Shareholders’ funds 55,287 4.7 52,821 52,248
Total equity 54,400 (1.9) 55,428 55,891
Total equity and liabilities 690,797 (5.6) 731,856 724,627
Memorandum item:
Guarantees given 45,489 (10.0) 50,540 49,969

Loans and advances to customers (gross)
(Billion euros)

(1) At constant exchange rates: +0.8%.

Customer funds
(Billion euros)


(1) At constant exchange rates: +3.4%.

Loans and advances to customers
(Million euros)

30-09-17 ∆% 31-12-16 30-09-16
Public sector 25,828 (6.1) 27,506 29,313
Individuals 169,245 (1.9) 172,476 171,213
Mortgages 117,273 (4.2) 122,439 122,007
Consumer 37,556 6.7 35,195 34,652
Credit cards 14,416 (2.9) 14,842 14,554
Business 184,199 (2.9) 189,733 182,019
Business retail 20,185 (17.1) 24,343 23,786
Other business 164,014 (0.8) 165,391 158,234
Other loans 16,745 (6.2) 17,844 16,710
Non-performing loans 20,222 (11.8) 22,915 23,589
Loans and advances to
customers (gross)
416,240 (3.3) 430,474 422,844
Loan-loss provisions (14,506) (9.2) (15,974) (16,720)
Loans and advances to
customers
401,734 (3.1) 414,500 406,124
Memorandum item:
Secured loans 193,520 (4.1) 201,772 200,031

Customer funds
(Million euros)

30-09-17 Δ% 31-12-16 30-09-16
Deposits from customers 392,865 (2.1) 401,465 385,348
Demand deposits 242,566 4.7 231,638 214,816
Time deposits 127,897 (11.4) 144,407 148,379
Assets sold under repurchase agreement 10,442 (5.6) 11,056 8,609
Other deposits 11,959 (16.7) 14,364 13,544
Other customer funds 137,724 4.3 132,092 130,833
Mutual funds and investment companies 60,868 10.6 55,037 54,555
Pension funds 33,615 0.6 33,418 32,628
Other off-balance sheet funds 3,293 16.3 2,831 3,156
Customer portfolios 39,948 (2.1) 40,805 40,494
Total customer funds 530,589 (0.6) 533,557 516,181