Balance sheet and business activity

The most relevant aspects related to the evolution of the Group's balance sheet and business activity as of June 30, 2021, are summarized below:

  • Loans and advances to customers (gross) registered an increase of 1.3% compared to the end of December 2020. In terms of business areas, the dynamic lending activity in Turkey, Spain and Mexico should be highlighted.
  • Customer funds registered a slight increase of 0.6% compared to the end of December 2020, due to the performance of customer deposits, which contracted by 1.1% in the first half, and the positive performance (up 6.5%) of other customer funds, i.e. mutual funds, pension funds and other off-balance sheet funds, which managed to offset the deposits´ decline in the same period of time.
  • Regarding the assets and liabilities of BBVA USA and the rest of the companies which the Group owned in the United States, they have been transferred to PNC after the sale materialized on June 1, 2021, and are therefore not included in the consolidated BBVA Group balance sheet as of 30-06-2021. As the applicable accounting regulation indicates, they are classified, respectively, as non-current assets and liabilities held for sale, inside the other assets/other liabilities line of the consolidated BBVA Group Balance sheet as of 31-12-2020. For management purposes only in order to make the information comparable, the assets and liabilities of BBVA USA and the rest of the Group´s companies in the United States included in the sale agreement singed with PNC are classified, respectively, in the other assets/other liabilities line of BBVA Group consolidated Balance sheet as of 30-06-2020.

CONSOLIDATED BALANCE SHEET (MILLIONS OF EUROS)

30-06-21 ∆% 31-12-20 30-06-20
Cash, cash balances at central banks and other demand deposits 61,687 (5.9) 65,520 55,023
Financial assets held for trading 105,523 (2.5) 108,257 117,329
Non-trading financial assets mandatorily at fair value through profit or loss 5,742 10.5 5,198 4,980
Financial assets designated at fair value through profit or loss 1,107 (0.9) 1,117 1,098
Financial assets at fair value through accumulated other comprehensive income 73,186 5.4 69,440 64,575
Financial assets at amortized cost 368,026 (0.1) 367,668 381,967
Loans and advances to central banks and credit institutions 16,947 (18.5) 20,784 19,584
Loans and advances to customers 315,752 1.5 311,147 326,818
Debt securities 35,327 (1.1) 35,737 35,565
Investments in subsidiaries, joint ventures and associates 1,400 (2.5) 1,437 1,366
Tangible assets 7,321 (6.4) 7,823 8,163
Intangible assets 2,303 (1.8) 2,345 2,487
Other assets 21,874 (79.6) 107,373 115,897
Total assets 648,169 (12.0) 736,176 752,884
Financial liabilities held for trading 82,862 (4.2) 86,488 107,554
Other financial liabilities designated at fair value through profit or loss 9,811 (1.4) 10,050 9,203
Financial liabilities at amortized cost 479,618 (2.2) 490,606 479,905
Deposits from central banks and credit institutions 71,645 (1.6) 72,806 73,709
Deposits from customers 338,795 (1.1) 342,661 331,351
Debt certificates 55,047 (10.9) 61,780 61,359
Other financial liabilities 14,132 5.8 13,358 13,485
Liabilities under insurance and reinsurance contracts 10,535 5.9 9,951 9,462
Other liabilities 15,398 (82.7) 89,061 97,205
Total liabilities 598,225 (12.8) 686,156 703,330
Non-controlling interests 5,428 (0.8) 5,471 5,836
Accumulated other comprehensive income (15,348) 6.9 (14,356) (12,822)
Shareholders’ funds 59,864 1.6 58,904 56,541
Total equity 49.944 (0.2) 50,020 49,555
Total liabilities and equity 648,169 (12.0) 736,176 752,884
Memorandum item:
Guarantees given 42,976 (0.7) 43,294 44,733

LOANS AND ADVANCES TO CUSTOMERS (MILLIONS OF EUROS)

30-06-21 ∆% 31-12-20 30-06-20
Public sector 19,645 1.5 19,363 21,670
Individuals 147,287 2.1 144,304 145,323
Mortgages 91,623 0.2 91,428 92,279
Consumer 30,852 4.3 29,571 29,345
Credit cards 12,194 1.5 12,016 11,375
Other loans 12,617 11.8 11,289 12,325
Business 145,427 0.4 144,912 157,484
Non-performing loans 15,013 2.3 14,672 14,864
Loans and advances to customers (gross) 327,372 1.3 323,252 339,342
Allowances (1) (11,620) (4.0) (12,105) (12,523)
Loans and advances to customers 315,752 1.5 311,147 326,818
  • (1) Allowances include the valuation adjustments for credit risk during the expected residual life of those financial instruments which have been acquired (mainly originated from the acquisition of Catalunya Banc, S.A.). As of June 30, 2021, December 31, 2020 and June 30, 2020 the remaining amount was €301m, €363m and €399m, respectively.

LOANS AND ADVANCES TO CUSTOMERS
(GROSS. BILLIONS OF EUROS)

(1) At constant exchange rates: +2.6%.

CUSTOMER FUNDS
(BILLIONS OF EUROS)



(1) At constant exchange rates: +1.5%.

CUSTOMER FUNDS (MILLIONS OF EUROS)

30-06-21 ∆% 31-12-20 30-06-20
Deposits from customers 338,795 (1.1) 342,661 331,351
Current accounts 271,721 2.1 266,250 252,318
Time deposits 65,034 (14.0) 75,610 78,684
Other deposits 2,039 154.5 801 349
Other customer funds 109,598 6.5 102,947 100,813
Mutual funds and investment companies 69,814 7.6 64,869 63,237
Pension funds 37,709 4.1 36,215 35,664
Other off-balance sheet funds 2,074 11.3 1,863 1,912
Total customer funds 448,393 0.6 445,608 432,164