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, completed in July 2018 and therefore as of December 31, 2018, was not included within BBVA’s 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 December 2018. These figures include the new categories comprised 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, by business area, in the United States, Mexico, South America (excluding BBVA Chile) and Rest of Eurasia volumes increased.
- Non-performing loans fell mainly due to a favorable trend in Spain and, to a lesser extent, in South America and Rest of Eurasia.
- The headings of other assets and other liabilities are affected by the sale of BBVA Chile completed in July 2018. 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, time deposits showed a decrease, 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)
| 31-12-18 | ∆% | 01-01-18 | ||
|---|---|---|---|---|
| Cash, cash balances at central banks and other demand deposits | 58,196 | 36.4 | 42,680 | |
| Financial assets held for trading | 90,117 | (1.9) | 91,854 | |
| Non-trading financial assets mandatorily at fair value through profit or loss | 5,135 | 15.4 | 4,451 | |
| Financial assets designated at fair value through profit or loss | 1,313 | 28.9 | 1,019 | |
| Financial assets at fair value through accumulated other comprehensive income | 56,337 | (9.3) | 62,115 | |
| Financial assets at amortized cost | 419,660 | (0.5) | 421,685 | |
| Loans and advances to central banks and credit institutions | 13,103 | (26.0) | 17,716 | |
| Loans and advances to customers | 374,027 | 0.0 | 374,009 | |
| Debt securities | 32,530 | 8.6 | 29,959 | |
| Investments in subsidiaries. joint ventures and associates | 1,578 | (0.7) | 1,589 | |
| Tangible assets | 7,229 | 0.5 | 7,191 | |
| Intangible assets | 8,314 | (1.8) | 8,464 | |
| Other assets | 28,809 | (40.4) | 48,368 | |
| Total assets | 676,689 | (1.8) | 689,414 | |
| Financial liabilities held for trading | 80,774 | (0.0) | 80,783 | |
| Other financial liabilities designated at fair value through profit or loss | 6,993 | 27.3 | 5,495 | |
| Financial liabilities at amortized cost | 509,185 | 0.6 | 506,118 | |
| Deposits from central banks and credit institutions | 59,259 | (14.0) | 68,928 | |
| Deposits from customers | 375,970 | 3.4 | 363,689 | |
| Debt certificates | 61,112 | (0.9) | 61,649 | |
| Other financial liabilities | 12,844 | 8.4 | 11,851 | |
| Liabilities under insurance and reinsurance contracts | 9,834 | 6.6 | 9,223 | |
| Other liabilities | 17,029 | (51.9) | 35,392 | |
| Total liabilities | 623,814 | (2.1) | 637,010 | |
| Non-controlling interests | 5,764 | (17.7) | 7,008 | |
| Accumulated other comprehensive income | (7,215) | 2.6 | (7,036) | |
| Shareholders’ funds | 54,326 | 3.6 | 52,432 | |
| Total equity | 52,874 | 0.9 | 52,404 | |
| Total liabilities and equity | 676,689 | (1.8) | 689,414 | |
| Memorandum item: | ||||
| Guarantees given | 47,574 | 5.2 | 47,668 |
Loans and advances to customers (Millions of euros)
| IFRS 9 | IAS 39 | |||
|---|---|---|---|---|
| 31-12-18 | ∆% | 31-12-17 | ||
| Public sector | 28,504 | (4.7) | 29,921 | |
| Individuals | 170,501 | 3.6 | 164,578 | |
| Mortgages | 111,527 | (0.7) | 112,274 | |
| Consumer | 33,063 | 3.0 | 32,092 | |
| Credit cards | 13,507 | (0.9) | 13,630 | |
| Other loans | 12,404 | 88.5 | 6,581 | |
| Business | 170,872 | (8.4) | 186,479 | |
| Non-performing loans | 16,348 | (15.7) | 19,390 | |
| Loans and advances to customers (gross) | 386,225 | (3.5) | 400,369 | |
| Loan-loss provisions | (12,199) | (4.3) | (12.748) | |
| Loans and advances to customers | 374,027 | (3.5) | 387,621 | |
Loans and advances to customers (gross)
(Billions of Euros)
(1) At constant exchange rates: -0.2%.
Customer funds (Millions of euros)
(1) At constant exchange rates: -0.6%.
Customer funds (Millions of Euros)
| IFRS 9 | IAS 39 | |||||
|---|---|---|---|---|---|---|
| 31-12-18 | ∆% | 31-12-17 | ||||
| Deposits from customers | 375,970 | (0.1) | 376,379 | |||
| Of which current accounts | 260,573 | 8.2 | 240,750 | |||
| Of which time deposits | 108,313 | (6.4) | 115,761 | |||
| Other customer funds | 128,103 | (5.0) | 134,906 | |||
| Mutual funds and investment companies | 61,393 | 0.7 | 60,939 | |||
| Pension funds | 33,807 | (0.5) | 33,985 | |||
| Other off-balance sheet funds | 2,949 | (4.3) | 3,081 | |||
| Customer portfolios | 29,953 | (18.8) | 36,901 | |||
| Total customer funds | 504,073 | (1.4) | 511,285 | |||