Balance sheet and business activity

The year-on-year comparison of the Group's balance sheet and business activity have been affected by the operations currently underway (the sales of BBVA Chile and the real-estate business in Spain), which as of December 31, 2017 were reclassified as non-current assets and liabilities held for sale (in the accompanying balance sheet, under the headings of other assets and other liabilities, respectively). Without taking into account the said reclassification (figures in comparable terms with respect to previous periods), the most significant items are shown below:

  • Geographic disparity of loans and advances to customers (gross). Lending increased in the emerging economies, while Spain continued to deleverage. The United States registered a slight increase in lending during the second half of the year, resulting in the year-on-year loan balance closing at very similar levels.
  • Non-performing loans declined again, thanks to an improvement in Spain and the United States.
  • In deposits from customers, there was another notable increase across the board in lower-cost items such as current and savings accounts, and a decline in time deposits.
  • Off-balance-sheet funds continued to perform well in all items (mutual funds, pension funds and other customer funds).

Consolidated balance sheet (Million euros)

31-12-17 ∆% 31-12-16 30-09-17
Cash, cash balances at central banks and other demand deposits 42,680 6.6 40,039 36,023
Financial assets held for trading 64,695 (13.7) 74,950 65,670
Other financial assets designated at fair value through profit or loss 2,709 31.4 2,062 2,848
Available-for-sale financial assets 69,476 (12.3) 79,221 74,599
Loans and receivables 431,521 (7.4) 465,977 449,564
Loans and advances to central banks and credit institutions 33,561 (16.7) 40,268 36,556
Loans and advances to customers 387,621 (6.5) 414,500 401,734
Debt securities 10,339 (7.8) 11,209 11,275
Held-to-maturity investments 13,754 (22.3) 17,696 14,010
Investments in subsidiaries, joint ventures and associates 1,588 107.5 765 1,584
Tangible assets 7,191 (19.6) 8,941 7,963
Intangible assets 8,464 (13.5) 9,786 8,743
Other assets 47,981 48.0 32,418 29,793
Total assets 690,059 (5.7) 731,856 690,797
Financial liabilities held for trading 46,182 (15.5) 54,675 45,352
Other financial liabilities designated at fair value through profit or loss 2,222 (5.0) 2,338 2,372
Financial liabilities at amortized cost 543,713 (7.7) 589,210 559,289
Deposits from central banks and credit institutions 91,570 (6.8) 98,241 84,927
Deposits from customers 376,379 (6.2) 401,465 392,865
Debt certificates 63,915 (16.3) 76,375 69,285
Other financial liabilities 11,850 (9.7) 13,129 12,212
Liabilities under insurance contracts 9,223 0.9 9,139 9,665
Other liabilities 35,395 68.0 21,066 19,720
Total liabilities 636,736 (5.9) 676,428 636,397
Non-controlling interests 6,979 (13.5) 8,064 7,069
Accumulated other comprehensive income (8,792) 61.1 (5,458) (7,956)
Shareholders’ funds 55,136 4.4 52,821 55,287
Total equity 53,323 (3.8) 55,428 54,400
Total equity and liabilities 690.059 (5.7) 731,856 690,797
Memorandum item:
Collateral given 47,671 (5.7) 50,540 45,489

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

(1) At constant exchange rates: +2.7%.

Customer funds
(Billion euros)


(1) At constant exchange rates: +1.9%.

Loans and advances to customers
(Million euros)

31-12-17 ∆% 31-12-16 30-09-17
Public administration 25,671 (6.7) 27,506 25,828
Individuals 159,781 (7.4) 172,476 169,245
Residential mortgages 109,563 (10.5) 122,439 117,273
Consumer 36,235 3.0 35,195 37,556
Credit cards 13,982 (5.8) 14,842 14,416
Business 175,168 (7.7) 189,733 184,199
Business retail 19,692 (19.1) 24,343 20,185
Other business 155,476 (6.0) 165,391 164,014
Other loans 20,358 14.1 17,844 16,745
Non-performing loans 19,390 (15.4) 22,915 20,222
Loans and advances to
customers (gross)
400,369 (7.0) 430,474 416,240
Loan-loss provisions (12,748) (20.2) (15,974) (14,506)
Loans and advances to
customers
387,621 (6.5) 414,500 401,734

Customer funds
(Million euros)

31-12-17 Δ% 31-12-16 30-09-17
Deposits from customers 376,379 (6.2) 401,465 392,865
Current accounts 245,249 5.9 231,638 242,566
Time deposits 110,320 (23.6) 144,407 127,897
Assets sold under repurchase agreement 8,119 (26.6) 11,056 10,442
Other deposits 12,692 (11,6) 14,364 11,959
Other customer funds 134,906 2.1 132,092 137,724
Mutual funds and investment companies 60,939 10.7 55,037 60,868
Pension funds 33,985 1.7 33,418 33,615
Other off-balance sheet funds 3,081 8.8 2,831 3,293
Customer portfolios 36,901 (9.6) 40,805 39,948
Total customer funds 511,285 (4.2) 533,557 530,589