BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

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39.3. AVERAGE RETURN ON INVESTMENTS AND AVERAGE BORROWING COST The breakdown on the average return on investments during the six months ended June 30, 2010 and 2009, respectively, is as follows: ASSETS Average Balances Millions of Euros June 2010 June 2009 Interest and Similar Income Interest Rates (%) Average Balances Interest and Similar Income Interest Rates (%) Cash and balances with central banks 19,703 115 1.17 17,760 150 1.71 Securities portfolio and derivatives 147,811 1,992 2.72 134,238 2,171 3.26 Loans and advances to credit institutions 25,965 241 1.87 27,569 440 3.22 Euros 16,604 93 1.13 16,466 264 3.23 Foreign currency 9,361 148 3.18 11,103 176 3.19 Loans and advances to customers 329,782 8,027 4.91 333,584 10,081 6.09 Euros 218,686 3,546 3.27 224,373 5,324 4.78 Foreign currency 111,096 4,481 8.13 109,211 4,757 8.78 Other finance income - 82 - - 69 - Other assets 31,268 - - 32,199 - - ASSETS/INTEREST AND SIMILAR INCOME 554,529 10,457 3.80 545,350 12,911 4.77 The average borrowing cost for the six months ended June 30, 2010 and 2009 was as follows: LIABILITIES Average Balances Millions of Euros June 2010 June 2009 Interest and Similar Expenses Interest Rates (%) Average Balances Interest and Similar Expenses Interest Rates (%) Deposits from central banks and credit institutions 81,772 732 1.81 72,081 1,316 3.68 Euros 47,446 419 1.78 30,854 572 3.74 Foreign currency 34,327 313 1.84 41,227 744 3.64 Customer deposits 254,795 1,463 1.16 248,261 2,546 2.07 Euros 111,098 365 0.66 116,854 899 1.55 Foreign currency 143,696 1,098 1.54 131,407 1,647 2.53 Debt certificates and subordinated liabilities 123,896 1,138 1.85 123,203 1,920 3.14 Euros 90,076 790 1.77 94,067 1,482 3.18 Foreign currency 33,820 348 2.07 29,136 438 3.02 Other finance expenses - 186 - - 271 - Other liabilities 62,291 - - 73,369 - - Equity 31,775 - - 28,436 - - LIABILITIES+EQUITY/INTEREST AND SIMILAR EXPENSES 554,529 3,520 1.28 545,350 6,053 2.24 114
The change in the balance under the headings “Interest and similar income” and “Interest and similar expenses” in the accompanying consolidated income statements is the result of changing prices (price effect) and changing volume of activity (volume effect), as can be seen below: Interest Income and Expense and Similar Items. Change in the Balance Millions of Euros Volume Price-Effect June 2010/2009 Volume Effect Price Effect (2) Total Effect (1) Cash and balances with central banks 16 (52) (36) Securities portfolio and derivatives 220 (398) (178) Loans and advances to credit institutions (26) (173) (199) Euros 2 (173) (171) Foreign currency (28) (0) (28) Loans and advances to customers (115) (1,939) (2,054) Euros (135) (1,643) (1,778) Foreign currency 82 (358) (276) Other financial income - 13 13 INTEREST AND SIMILAR INCOME 217 (2,671) (2,454) Deposits from central banks and credit institutions 177 (761) (584) Euros 308 (461) (154) Foreign currency (124) (306) (430) Customer deposits 67 (1,149) (1,082) Euros (44) (489) (533) Foreign currency 154 (703) (549) Debt certificates and subordinated liabilities 11 (793) (782) Euros (63) (629) (692) Foreign currency 70 (160) (90) Other finance expense - (85) (85) INTEREST AND SIMILAR EXPENSES 102 (2,635) (2,533) NET INTEREST INCOME 79 (1) The volume effect is calculated as the result of the interest rate of the initial period multiplied by the difference between the average balances of both periods. (2) The price effect is calculated as the result of the average balance of the last period multiplied by the difference between the interest rates of both periods. 40. DIVIDEND INCOME The balances for this heading in the accompanying consolidated income statements correspond to dividends on shares and capital instruments other than those from shares in entities accounted for using the equity method (see Note 41), as can be seen in the breakdown below: Millions of Euros Dividend Income June June 2010 2009 Dividends from: Financial assets held for trading 70 62 Other financial assets at fair value through profit or loss - - Available-for-sale financial assets 187 186 Total 257 248 115
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BANCO BILBAO VIZCAYA ARGENTARIA, S.
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27. COMMON STOCK...................
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Translation of consolidated financi
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Millions of Euros LIABILITIES AND E
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Millions of Euros June June Notes 2
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The BBVA Group ICFR Model is summar
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2.2. ACCOUNTING POLICIES AND VALUAT
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- Other financial instruments The f
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In the case of unsecured transactio
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2.2.2. TRANSFERS AND DERECOGNITION
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The fair value of non-current asset
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2.2.7. BUSINESS COMBINATIONS The re
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insurees, as the case may be, based
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• The discount rate used is deter
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2.2.16. FOREIGN CURRENCY TRANSACTIO
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2.2.22. CONSOLIDATED STATEMENTS OF
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IFRIC 17 - Distributions of non-cas
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The Group’s activity is mainly lo
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Changes in the Group The most signi
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- In the denominator, the average n
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The breakdown of the consolidated n
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Management & Asset Allocation, Risk
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Maximum exposure to credit risk The
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debtors includes mortgages, cash gu
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Policies and procedures for prevent
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December 2009 Less than 6 Months Pa
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7.2 MARKET RISK a) Market Risk Mark
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Below are the average interest rate
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7.4. RISK CONCENTRATIONS Below is p
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Page 94 and 95: Millions of Euros December 2009 Dem
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Page 112 and 113: on equity (ROE) by each business; a
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Page 134 and 135: APPENDIX I. FINANCIAL STATEMENTS OF
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Page 144 and 145: APPENDIX II. Additional information
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Other financial assets/liabilities
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The explanations of the changes in
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4. SUMMARIZED INTERIM CONSOLIDATED
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Spain and Portugal Millions of Euro
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Mexico Millions of Euros Mexico Jun
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South America Millions of Euros Sou
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The United States Millions of Euros
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Wholesale Banking and Asset Managem
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The changes in the principal headin
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Aggregating Tier I and Tier II, as
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

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