Balance sheet and business activity

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

  • Loans and advances to customers (gross) registered an increase of 1.5% compared to the end of December 2020, strongly supported by the performance of individuals (+2.5%), with growth in almost all geographical areas, except Rest of Business, highlighting the increase of consumer loans and credit cards in Turkey, Spain and Mexico. Loans to business also increased slightly (+0.6% in the year), thanks to the positive evolution in Mexico and Spain.
  • Customer funds rs showed an increase of 1.5% compared to the end of December 2020, due to the favorable performance of demand deposits and off-balance sheet funds in all geographical areas (highlighting mutual funds in Spain and Mexico), which manage to offset the decline in time deposits (-16.5%) thanks to the lower balances recorded in Spain and, to a lesser extent, in Rest of Business.

CONSOLIDATED BALANCE SHEET (MILLIONS OF EUROS)

30-09-21 ∆% 31-12-20 30-09-20
Cash, cash balances at central banks and other demand deposits 63,232 (3.5) 65,520 59,769
Financial assets held for trading 109,078 0.8 108,257 105,395
Non-trading financial assets mandatorily at fair value through profit or loss 5,874 13.0 5,198 5,123
Financial assets designated at fair value through profit or loss 1,137 1.8 1,117 1,117
Financial assets at fair value through accumulated other comprehensive income 69,963 0.8 69,440 66,877
Financial assets at amortized cost 370,217 0.7 367,668 363,708
Loans and advances to central banks and credit institutions 18,237 (12.3) 20,784 18,759
Loans and advances to customers 316,499 1.7 311,147 309,766
Debt securities 35,481 (0,7) 35,737 35,183
Investments in subsidiaries, joint ventures and associates 880 (38.7) 1,437 1,241
Tangible assets 7,291 (6.8) 7,823 7,844
Intangible assets 2,271 (3.1) 2,345 2,326
Other assets 21,891 (79.6) 107,373 112,494
Total assets 651,834 (11.5) 736,176 725,895
Financial liabilities held for trading 83,359 (3.6) 86,488 93,790
Other financial liabilities designated at fair value through profit or loss 9,726 (3.2) 10,050 9,382
Financial liabilities at amortized cost 481,662 (1.8) 490,606 470,764
Deposits from central banks and credit institutions 71,507 (1.8) 72,806 67,834
Deposits from customers 340,828 (0.5) 342,661 326,447
Debt certificates 55,397 (10.3) 61,780 64,092
Other financial liabilities 13,930 4.3 13,358 12,390
Liabilities under insurance and reinsurance contracts 10,564 6.2 9,951 9,505
Other liabilities 15,957 (82.1) 89,061 93,933
Total liabilities 601,268 (12.4) 686,156 677,373
Non-controlling interests 5,628 2.9 5,471 5,404
Accumulated other comprehensive income (15,684) 9.3 (14,356) (14,552)
Shareholders’ funds 60,622 2.9 58,904 57,669
Total equity 50,567 1.1 50,020 48,522
Total liabilities and equity 651,834 (11.5) 736,176 725,895
Memorandum item:
Guarantees given 43,740 1.0 43,294 42,805
  • General note: 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 30-09-2021. 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 30-09-2020.

LOANS AND ADVANCES TO CUSTOMERS (MILLIONS OF EUROS)

30-09-21 ∆% 31-12-20 30-09-20
Public sector 19,934 2.9 19,363 20,118
Individuals 147,982 2.5 144,304 141,992
Mortgages 91,811 0.4 91,428 90,796
Consumer 31,934 8.0 29,571 28,689
Credit cards 12,883 7.2 12,016 11,294
Other loans 11,354 0.6 11,289 11,213
Business 145,826 0.6 144,912 145,717
Non-performing loans 14,226 (3.0) 14,672 14,232
Loans and advances to customers (gross) 327,968 1.5 323,252 322,059
Allowances (1) (11,469) (5.3) (12,105) (12,293)
Loans and advances to customers 316,499 1.7 311,147 309,766
  • (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 September 30, 2021, December 31, 2020 and September 30, 2020 the remaining amount was €284m, €363m and €382m, respectively.

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

(1) At constant exchange rates: +3.0%

CUSTOMER FUNDS
(BILLIONS OF EUROS)



(1) At constant exchange rates: +2.5%

CUSTOMER FUNDS (MILLIONS OF EUROS)

30-09-21 ∆% 31-12-20 30-09-20
Deposits from customers 340,828 (0.5) 342,661 326,447
Current accounts 276,129 3.7 266,250 251,927
Time deposits 63,163 (16.5) 75,610 74,349
Other deposits 1,535 91.6 801 171
Other customer funds 111,615 8.4 102,947 100,040
Mutual funds and investment companies 71,321 9.9 64,869 62,912
Pension funds 38,257 5.6 36,215 35,393
Other off-balance sheet funds 2,037 9.3 1,863 1,735
Total customer funds 452,443 1.5 445,608 426,487