Balance sheet and business activity
The most relevant aspects related to the evolution of the Group's balance sheet and business activity as of December 31, 2022 are summarized below:
- Loans and advances to customers grew by 12.3% compared to the end of December 2021, strongly favored by the evolution of business loans (+18.8%) in all business areas and, to a lesser extent, by the performance of retail loans (+7.5% at Group level), in particular, in Mexico and Turkey, supported by the good performance of consumer loans as well as credit cards (+21.7% overall at Group level) and, to a lesser extent, mortgage loans (+0.8% at Group level) due to the positive evolution in Mexico.
- Customer funds increased by 9.5% compared to the end of December 2021, thanks to the good performance of customer deposits, which increased in all geographical areas, with increase in both demand deposits and time deposits. For its part, off-balance sheet funds increased by 2.0% in the year 2022, with the most notable growth in mutual funds in Mexico and Turkey.
CONSOLIDATED BALANCE SHEET (MILLIONS OF EUROS)
| 31-12-22 | ∆% | 31-12-21 | ||
|---|---|---|---|---|
| Cash, cash balances at central banks and other demand deposits | 79,756 | 17.6 | 67,799 | |
| Financial assets held for trading | 110,671 | (10.4) | 123,493 | |
| Non-trading financial assets mandatorily at fair value through profit or loss | 6,888 | 13.2 | 6,086 | |
| Financial assets designated at fair value through profit or loss | 913 | (16.4) | 1,092 | |
| Financial assets at fair value through accumulated other comprehensive income | 58,980 | (2.4) | 60,421 | |
| Financial assets at amortized cost | 422,061 | 13.3 | 372,676 | |
| Loans and advances to central banks and credit institutions | 20,431 | 7.8 | 18,957 | |
| Loans and advances to customers | 358,023 | 12.3 | 318,939 | |
| Debt securities | 43,606 | 25.4 | 34,781 | |
| Investments in subsidiaries, joint ventures and associates | 916 | 1.7 | 900 | |
| Tangible assets | 8,737 | 19.7 | 7,298 | |
| Intangible assets | 2,156 | (1.9) | 2,197 | |
| Other assets | 22,062 | 5.4 | 20,923 | |
| Total assets | 713,140 | 7.6 | 662,885 | |
| Financial liabilities held for trading | 95,611 | 4.9 | 91,135 | |
| Other financial liabilities designated at fair value through profit or loss | 10,580 | 9.3 | 9,683 | |
| Financial liabilities at amortized cost | 528,629 | 8.3 | 487,893 | |
| Deposits from central banks and credit institutions | 65,258 | (2.9) | 67,185 | |
| Deposits from customers | 393,856 | 12.6 | 349,761 | |
| Debt certificates | 55,429 | (0.6) | 55,763 | |
| Other financial liabilities | 14,086 | (7.2) | 15,183 | |
| Liabilities under insurance and reinsurance contracts | 11,848 | 9.0 | 10,865 | |
| Other liabilities | 15,858 | 9.0 | 14,549 | |
| Total liabilities | 662,526 | 7.9 | 614,125 | |
| Non-controlling interests | 3,624 | (25.3) | 4,853 | |
| Accumulated other comprehensive income | (17,432) | 5.8 | (16,476) | |
| Shareholders’ funds | 64,422 | 6.7 | 60,383 | |
| Total equity | 50,615 | 3.8 | 48,760 | |
| Total liabilities and equity | 713,140 | 7.6 | 662,885 | |
| Memorandum item: | ||||
| Guarantees given | 55,182 | 20.1 | 45,956 |
LOANS AND ADVANCES TO CUSTOMERS (MILLIONS OF EUROS)
| 31-12-22 | ∆% | 31-12-21 | |
|---|---|---|---|
| Public sector | 20,884 | 6.2 | 19,656 |
| Individuals | 157,432 | 7.5 | 146,433 |
| Mortgages | 92,064 | 0.8 | 91,324 |
| Consumer | 36,116 | 16.4 | 31,026 |
| Credit cards | 17,382 | 34.4 | 12,936 |
| Other loans | 11,870 | 6.5 | 11,146 |
| Business | 177,451 | 18.8 | 149,309 |
| Non-performing loans | 13,493 | (7.9) | 14,657 |
| Loans and advances to customers (gross) | 369,260 | 11.9 | 330,055 |
| Allowances (1) | (11,237) | 1.1 | (11,116) |
| Loans and advances to customers | 358,023 | 12.3 | 318,939 |
- (1) Allowances include valuation adjustments for credit risk throughout the expected residual life in those financial instruments that have been acquired (mainly originating from the acquisition of Catalunya Banc, S.A.). As of December 31, 2022 and December 31, 2021, the remaining amount was €190m and €266m, respectively.
LOANS AND ADVANCES TO CUSTOMERS
(BILLIONS OF EUROS)
General Note: 2020 excludes BBVA USA and the rest of companies in the United States sold to PNC on June 1, 2021 and BBVA Paraguay.
(1) At constant exchange rates: +12.8%.
CUSTOMER FUNDS
(BILLIONS OF EUROS)
General Note: 2020 excludes BBVA USA and the rest of companies in the United States sold to PNC on June 1, 2021 and BBVA Paraguay.
(1) At constant exchange rates: +9.7%.
CUSTOMER FUNDS (MILLIONS OF EUROS)
| 31-12-22 | ∆% | 31-12-21 | |
|---|---|---|---|
| Deposits from customers | 393,856 | 12.6 | 349,761 |
| Current accounts | 316,082 | 7.9 | 293,015 |
| Time deposits | 75,098 | 36.4 | 55,059 |
| Other deposits | 2,676 | 58.6 | 1,687 |
| Other customer funds | 150,172 | 2.0 | 147,192 |
| Mutual funds and investment companies and customer portfolios(1) | 108,936 | 2.5 | 106,235 |
| Pension funds | 38,653 | (0.3) | 38,763 |
| Other off-balance sheet funds | 2,582 | 17.7 | 2,195 |
| Total customer funds | 544,028 | 9.5 | 496,954 |
- (1) Includes the customer portfolios in Spain, Mexico, Colombia and Peru.