BBVA in 2012

ConcentrationExcluding sovereign risks and financial institutions, there are 129 holding groups among theGroup’s clients (135 in 2011), with risk drawn (loans, contingent liabilities, credit derivatives andfixed-income issues) exceeding €200m, of which 71% hold investment grade rating. The creditrisk (loans plus guarantees) of these groups accounted for 20% of BBVA Group’s total risk (19%in 2010). This risk can be broken down as follows: 80% in Europe and 17% in the Americas(74% in Mexico). Risk is diversified among the main sectors of economic activity, with the mostimportant being: institutions 28%, construction and infrastructure 15%, utilities 14%, energy 10% andtelecommunications 8%, as can be seen in Chart 24.24Concentration. Distribution by sectors in the BBVA Group(Risks above €200 million. 31-12-2012)27.7%15.2%14.1%9.7%8.2%5.3%4.4%3.6%3.3%2.6%2.6%2.1%1.2%InstitutionsConstructionand infrastrucureUtilitiesEnergyTelecomunicationsRetailersCapitalgoodsAutomovilesBasicMaterialsLeisureConsumer &HealthFinancialRealEstateNon-performing assets and risk premiumNon-performing risks closed as of 31-12-2012 at €20,603m, a rise of over €4.737m over theyear. Part of this increase is basically due to the integration of the Unnim balances. At theclose of December Unnim’s NPA figure stood at €3,122m, but with a high coverage ratio.The rest of the increase can be explained by the worsening NPA ratio in Spain, in line withexisting forecasts. With respect to changes in non-performing assets, over 2012 there was ahigher level of gross additions to NPA and a slightly lower level of recoveries. As a result, theratio of recoveries over entries to NPA in 2012 was 57.1%. Many of the additions to NPA weresubjective in nature.25BBVA Group. Non-performing loans. Distribution by business area(31-12-2012)Corporate Activities 0.4%Eurasia 5.6%The United States 4.7%Mexico 7.2%Colombia 0.8%Peru 1.2%Venezuela 1.6%Spain 76.6%South America 5.1%Rest 0.4%Argentina 0.1%Chile 1.3%Non-performing risks: 20,603 million eurosCredit risk107