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

Mexico
Millions of Euros
Mexico
June June
2010 2009
% Change
NET INTEREST INCOME 1,817 1,686 7.8
Net fees and commissions 596 535 11.3
Net gains (losses) on financial assets and liabilities and net
exchange differences 233 221 5.3
Other operating income and expenses 79 64 23.6
GROSS INCOME 2,725 2,506 8.7
Operating expenses (930) (787) 18.1
Personnel, general and administrative expenses (890) (754) 17.9
Depreciation and amortization (40) (33) 23.8
OPERATING INCOME 1,795 1,719 4.4
Impairment losses on financial assets (net) (656) (740) (11.3)
Provisions (net) (41) (15) 170.1
Other gains (losses) 2 - -
INCOME BEFORE TAX 1,100 964 14.1
Income tax (300) (237) 26.7
NET INCOME 800 727 10.0
Net income attributed to non-controlling interests (1) (1) 39.4
NET INCOME ATTRIBUTED TO PARENT COMPANY 798 726 10.0
Millions of Euros
Mexico
June December
2010 2009
% Change
Loans and advances to customers (gross) 35,648 28,996 22.9
Customer deposits (1) 36,506 31,252 16.8
Deposits 30,889 27,201 13.6
Funds received under financial asset transfers 5,617 4,051 38.6
Off-balance-sheet funds 27,412 20,065 36.6
Mutual funds 14,829 10,546 40.6
Pension funds 12,583 9,519 32.2
Other placements 3,297 2,781 18.6
Customer portfolios under management - - -
Total Assets 73,758 62,855 17.3
NPL Ratio 3.8% 4.3%
NPL Coverage Ratio 136.2% 129.8%
(1) Excluding deposits and repos issued by Bancomer Market Unit.
A year-on-year comparison of the financial statements for this area is skewed by the appreciation of the
Mexican peso with respect to the euro, both in terms of period-end and average exchange rates; hence, for
the most important figures, the percentage change against a constant exchange rate is indicated.
The changes in the principal headings of the income statement in this business area were:
• The balance of “Net interest income” for the six months ended June 30, 2010 was €1,817 million, an
increase of 7.8% over the €1,686 million recorded for the six months ended June 30, 2009. This increase
is mainly due to the exchange-rate effect mentioned above (at constant exchange rates there would
have been a fall of 1.8%).
• The balance of “Net fees and commissions” for the six months ended June 30, 2010 was €596 million,
an increase of 11.3% over the €535 million recorded for the six months ended June 30, 2009, primarily
as a result of the exchange-rate effect mentioned above (at constant exchange rates the increase would
have been 1.4%, and it is due to greater fees charged in the pension fund administration business- Afore
BBVA Bancomer – and the activity in investment companies).
• The balance of “Net gains (losses) on financial assets and liabilities and net exchange differences
for the six months ended June 30, 2010 was €223 million, an increase of 5.3% over the €221 million
recorded for the six months ended June 30, 2009, primarily as a result of market the exchange-rate
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