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

Spain and Portugal
Millions of Euros
Spain and Portugal
June June
2010 2009
% Change
NET INTEREST INCOME 2,446 2,432 0.6
Net fees and commissions 719 756 (4.8)
Net gains (losses) on financial assets and liabilities and net
exchange differences 102 109 (6.5)
Other operating income and expenses 192 234 (17.9)
GROSS INCOME 3,460 3,532 (2.0)
Operating expenses (1,260) (1,279) (1.5)
Personnel, general and administrative expenses (1,210) (1,227) (1.4)
Depreciation and amortization (51) (53) (4.3)
OPERATING INCOME 2,200 2,252 (2.3)
Impairment losses on financial assets (net) (501) (504) (0.6)
Provisions (net) (10) (1) -
Other gains (losses) 4 (21) -
INCOME BEFORE TAX 1,694 1,727 (1.9)
Income tax (508) (515) (1.3)
NET INCOME 1,186 1,212 (2.2)
Net income attributed to non-controlling interests - - (80.6)
NET INCOME ATTRIBUTED TO PARENT COMPANY 1,186 1,212 (2.2)
Millions of Euros
Spain and Portugal
June December
2010 2009
% Change
Loans and advances to customers (gross) 207,082 206,909 0.1
Customer deposits (1) 95,201 97,896 (2.8)
Deposits 95,173 97,788 (2.7)
Funds received under financial asset transfers 28 108 (74.4)
Off-balance-sheet funds 35,626 40,986 (13.1)
Mutual funds 25,686 31,229 (17.7)
Pension funds 9,940 9,758 1.9
Others placements 8,228 6,272 31.2
Customer portfolios under management - - -
Total Assets 219,440 218,819 0.3
NPL Ratio 5.0% 5.1%
NPL Coverage Ratio 47.8% 47.7%
(1) Include collection acccounts with custormer and insurance rents
The changes in the principal headings of the income statement in this business area were:
• “Net interest income” for the six months ended June 30, 2010 totaled €2,446 million, an increase of
0.6% from €2,432 million recorded for the six months ended June 30, 2009. This increase is mainly due
to pricing policy and the management of customer spreads, designed to transfer the greater cost of
credit and liquidity risk to asset operations and contain the cost of funds, as well as growing in products
with a greater customer loyalty, such as residential mortgages and current and savings accounts.
• The balance of "Fee and commission income" for the six months ended June 30, 2010 was €719
million, a 4.8% decrease over the €756 million recorded for the six months ended June 30, 2009, in line
with the continued weakness of banking activity and the moderate movement of funds in the reference
market in the area.
• The balance of “Net gains (losses) on financial assets and liabilities and net exchange
differences” for the six months ended June 30, 2010 was €102 million a 6.5% decrease over the €109
million recorded for the six months ended June 30, 2009, primarily in the context of a market that was
more negative than 12 months earlier.
• The balance of "Other operating income and expenses” for the six months ended June 30, 2010 was
€192 million, a 17.9% decrease compared with the €234 million for the six months ended June 30, 2009,
also in line with the weakness mentioned in banking activity.
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