Balance sheet and business activity

The year-on-year comparison of the Group's balance sheet and business activity has been affected by the sale of BBVA Chile, which as of September 30, 2018, was not included within the BBVA perimeter.

The evolution of the Group's balance sheet and activity are presented below, from the opening balance sheet after the first implementation of IFRS 9 until the end of September 2018. These figures include the new categories included in the aforementioned standard.

Regarding the Group's activity, the most significant aspects during this period are summarized below:

  • Lower volume of loans and advances to customers (gross); however in the United States, Mexico and South America, excluding BBVA Chile, were up.
  • Non-performing loans fell, above all, thanks to an improvement in Spain.
  • The headings of other assets and other liabilities are affected by the sale of BBVA Chile completed in July. Until then, these items included BBVA Chile's balance sheet reclassified in the category of non-current assets and liabilities held for sale.
  • In deposits from customers, there was a decrease in time deposits, offset by an increase in demand deposits, particularly in Spain.
  • In off-balance-sheet funds, mutual funds continued to perform well.

Consolidated balance sheet (Millions of Euros)

30-09-18 ∆% 01-01-18
Cash, cash balances at central banks and other demand deposits 44,800 5.0 42,680
Financial assets held for trading 90,405 (1.6) 91,854
Non-trading financial assets mandatorily at fair value through profit or loss 4,692 8.2 4,337
Financial assets designated at fair value through profit or loss 1,302 27.7 1,019
Financial assets at fair value through accumulated other comprehensive income 61,602 (1.0) 62,202
Financial assets at amortized cost 417,893 (0.9) 421,710
Loans and advances to central banks and credit institutions 15,355 (13.3) 17,713
Loans and advances to customers 370,496 (0.9) 374,011
Debt securities 32,042 6.9 29,986
Investments in subsidiaries. joint ventures and associates 972 (38.8) 1,589
Tangible assets 6,688 (7.0) 7,191
Intangible assets 8,213 (3.0) 8,464
Other assets 32,417 (33.0) 48,369
Total assets 668,985 (3.0) 689,414
Financial liabilities held for trading 81,810 1.3 80,783
Other financial liabilities designated at fair value through profit or loss 6,782 23.4 5,495
Financial liabilities at amortized cost 501,439 (0.9) 506,018
Deposits from central banks and credit institutions 62,339 (9.6) 68,928
Deposits from customers 365,687 0.5 363,689
Debt certificates 62,022 0.6 61,649
Other financial liabilities 11,390 (3.1) 11,752
Liabilities under insurance and reinsurance contracts 9,994 8.4 9,223
Other liabilities 17,862 (49.7) 35,491
Total liabilities 617,888 (3.0) 637,010
Non-controlling interests 5,100 (27.2) 7,008
Accumulated other comprehensive income (10,505) 18.2 (8,889)
Shareholders’ funds 56,502 4.1 54,285
Total equity 51,097 (2.5) 52,404
Total liabilities and equity 668,985 (3.0) 689,414
Memorandum item:
Guarantees given 45,207 (5.2) 47,668

Loans and advances to customers (Millions of Euros)

IFRS 9 IAS 39
30-09-18 ∆% 31-12-17
Public sector 28,702 (4.1) 29,921
Individuals 169,594 3.0 164,578
Mortgages 109,057 (2.9) 112,274
Consumer 28,332 (11.7) 32,092
Credit cards 12,527 (8.1) 13,630
Other loans 19,678 199.0 6,581
Business 167,771 (10.0) 186,479
Non-performing loans 17,045 (12.1) 19,390
Loans and advances to customers (gross) 383,111 (4.3) 400,369
Loan-loss provisions (12,614) (1.0) (12,748)
Loans and advances to customers 370,496 (4.4) 387,621

Loans and advances to customers (gross)
(Billions of Euros)

(1) At constant exchange rates: -0.3%.

Customer funds
(Billions of Euros)

(1) At constant exchange rates: -0.2%.

Customer funds
(Millions of Euros)

IFRS 9 IAS 39
30-09-18 ∆% 31-12-17
Deposits from customers 365,687 (2.8) 376,379
Of which current accounts 251,666 4.5 240,750
Of which time deposits 107,458 (7.2) 115,761
Other customer funds 132,798 (1.6) 134,906
Mutual funds and investment companies 64,081 5.2 60,939
Pension funds 33,709 (0.8) 33,985
Other off-balance sheet funds 3,199 3.8 3,081
Customer portfolios 31,809 (13.8) 36,901
Total customer funds 498,485 (2.5) 511,285