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 |