BBVA in 2012

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• As a result, the accumulated net attributable profit is at levels similar to those posted theprevious year: €325m vs. €324m in 2011.• The most significant transactions and highlights for the period are detailed in the CIB section atthe end of this report.HighlightsBBVA made significant progress in developing a multi-channel model designed to be a pioneer inthe industry. The most outstanding points include:• Transformation of the physical distribution model, giving rise to the opening of the “flagship”branch. This is a new concept that consists of large branches with specialized sales forcesthat are able to provide personalized advice. It will also have a marketing area to increaseloyalty and attract new customers. The space aims to be a center for experiences that willinclude exhibitions, talks and other possible activities. The new model of physical distribution iscomplemented with a smaller and simpler “EasyBank” branch, designed to meet the most basicfinancial requirements. The model of customer relations in this branch is leveraged onself-service, but without losing the feeling of approachability and convenience.Highlights in corporate responsibility include:• The Territorios Solidarios (Solidarity Territories) project. This program offers BBVA employeesin Spain the chance to participate actively in the selection and granting of aid to social projectscarried out by non-profit organizations. In 2012, 202 projects received funding of €1.9m in all,with a maximum of €10,000 for each project.• Adherence to the Code of Good Practices.• BBVA also maintains its commitment to the communities where it operates. One example isthe launch of the 3rd “Valores de futuro” (Future values) educational program, which aims topromote financial literacy in Spanish schools and instill values such as prudence, responsibilityand solidarity.A number of awards and special mentions were received, of which we may highlight:• BBVA Spain was recognized as the Best Global Bank at the 2012 awards organized by the Britishpublication The Banker, which is part of the Financial Times group. The magazine highlightedBBVA’s capacity to continue growing organically by making the most of the opportunitiesarising from the restructuring of the Spanish financial sector. In the current adverseenvironment, the Bank has continued to increase its customer base and win market share inpayroll and pensions.• The Private Banking unit has been named the best private bank in Spain for the third year in arow at the 2012 “Global Banking Awards”, granted each year by The Banker magazine.148 Business areas
EurasiaIncome statement(Million euros)Eurasia2012 ∆% 2011 2010Net interest income 847 5.5 802 333Net fees and commissions 451 15.4 391 228Net trading income 131 16.4 113 132Other income/expenses 781 19.2 655 367Gross income 2,210 12.7 1,961 1,060Operating costs (778) 20.0 (648) (291)Personnel expenses (404) 12.7 (359) (176)General and administrative expenses (319) 30.1 (246) (98)Deprecation and amortization (54) 23.6 (44) (17)Operating income 1,432 9.0 1,313 769Impairment on financial assets (net) (328) 120.8 (149) (89)Provisions (net) and other gains (losses) (50) n.m. 11 (20)Income before tax 1,054 (10.4) 1,176 660Income tax (103) (28.6) (145) (85)Net income 950 (7.8) 1,031 575Non-controlling interests - - - 1Net attributable profit 950 (7.8) 1,031 575Balance sheet(Million euros)Eurasia31-12-12 ∆% 31-12-11 31-12-10Cash and balances with central banks 2,346 75.1 1,340 344Financial assets 11,986 3.9 11,538 6,285Loans and receivables 32,088 (17.2) 38,754 26,158Loans and advances to customers 29,245 (13.7) 33,905 23,441Loans and advances to credit institutions and others 2,843 (41.4) 4,850 2,716Inter-area positions - - - 12,397Tangible assets 309 (48.8) 604 372Other assets 1,553 38.8 1,119 425Total assets/Liabilities and equity 48,282 (9.5) 53,354 45,980Deposits from central banks and credit institutions 13,665 (24.2) 18,038 19,624Deposits from customers 17,470 (19.8) 21,786 20,884Debt certificates 964 17.8 818 0Subordinated liabilities 899 (57.1) 2,097 1,409Inter-area positions 5,473 193.2 1,867 -Financial liabilities held for trading 414 3.3 401 161Other liabilities 4,791 16.8 4,104 1,356Economic capital allocated 4,607 8.5 4,245 2,546Eurasia149
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BBVA Group Highlights
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“ In 2012 the Group generateda ne
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2
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Letter from the Chairman 5
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All this is the result of a strateg
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1 As the main expression of t
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Our communication in 2012 has conti
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Brand management in 2012 was highly
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BBVA Board CommitteesIn order to be
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• Across-the-board operational co
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Primary stakeholdersIntroduction: t
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BBVA earnings figures presented in
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High liquidity ofBBVA shareBBVA is
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Management modelA model of peoplema
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To sum up, the combination of the a
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South AmericaIn 2012, a common syst
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Number of claims filed at the Banki
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Environmentand BBVA positioningThe
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the measures taken to correct imbal
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The easing of financial tensions in
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Positioning of BBVA GroupBBVA conti
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20 2. A business model based on th
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- Innovate with teams dedicated exc
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25 In short, this banking model
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2. …reflected ingross income…28
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Risk under controlBBVA NPAs versusp
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Business areasSpainStrong franchise
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EurasiaAn area ofgrowth andpositive
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South AmericaBusiness activity(Year
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In short, abusinesstransformationre
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Group financialinformation65 Earnin
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EarningsIn 2012, BBVA Group reporte
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Consolidated income statement: quar
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• Resilience in Spain, in a conte
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allocations to the deposit guarante
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8 • Maintain its leadership p
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13 Provisions and othersCumulativ
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Lastly, earnings per share (EPS) fr
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In short, a year in which there has
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20 Lastly, non-performing loans ha
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Off-balance-sheet customer funds st
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Capital baseThe main highlight in 2
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26 RatingsIn 2012, BBVA’s ratin
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Risk management90 Global Risk Manag
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Integration of risks andoverall ris
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Credit riskCredit risk quantificati
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Behavioral scoring is used to revie
Page 101 and 102: The economic cycle in PDThe current
Page 103 and 104: 13LGD for Autos Finanzia, BBVA Spai
Page 105 and 106: The portfolio model and concentrati
Page 107 and 108: The exposure breakdown by rating of
Page 109 and 110: 22 Real-estate exposure and coverag
Page 111 and 112: ConcentrationExcluding sovereign ri
Page 113 and 114: 27 BBVA Group. Net NPA entries(Mill
Page 115 and 116: Structural risksStructural interest
Page 117 and 118: Interest rate risk measurement is s
Page 119 and 120: Structural risk in the equity portf
Page 121 and 122: BBVA continues working to improve a
Page 123 and 124: Credit risk in market activitiesThe
Page 125 and 126: Operational riskOperational risk is
Page 127 and 128: Operational risk management in the
Page 129 and 130: Reputational riskThis is another ty
Page 131 and 132: The economic capital of the Pension
Page 133 and 134: Categories of financing and advice
Page 135 and 136: Business areas135 Spain149 Eurasia1
Page 137 and 138: Furthermore, as usual in the case o
Page 139 and 140: SpainIncome statement(Million euros
Page 141 and 142: • On July 20, the Government requ
Page 143 and 144: 3 Spain. Efficiency ratio versus pe
Page 145 and 146: These lines axes of action will con
Page 147 and 148: 10 Spain. Operating income(Million
Page 149 and 150: - Creation of a SICAV module on the
Page 151: As of 31-Dec-2012, BBVA Seguros has
Page 155 and 156: Management prioritiesIn 2012, the E
Page 157 and 158: 17 Eurasia. Efficiency(Million euro
Page 159 and 160: • The above, together with the hi
Page 161 and 162: Highlights• The Bank has been rec
Page 163 and 164: MexicoIncome statement(Million euro
Page 165 and 166: area has been positive year-on-year
Page 167 and 168: 30 Mexico. Consumer finance plus cr
Page 169 and 170: The increase of operating expenses
Page 171 and 172: As a result of the above, the net a
Page 173 and 174: government employees and tax collec
Page 175 and 176: South AmericaIncome statement(Milli
Page 177 and 178: advancing together with economic ac
Page 179 and 180: 43 South America. Net attributable
Page 181 and 182: Grupo BBVA. Business share ranking
Page 183 and 184: Colombia Peru Venezuela2012 ∆%
Page 185 and 186: The macroeconomic and competitive e
Page 187 and 188: VenezuelaIn 2012, the growth of the
Page 189 and 190: By companies, Seguros Argentina, fo
Page 191 and 192: Significant ratios(Percentage)The U
Page 193 and 194: opportunities in key markets throug
Page 195 and 196: 51 The United States. NPA and cover
Page 197 and 198: The area was able to successfully m
Page 199 and 200: HighlightsThe most relevant awards
Page 201 and 202: Definition of the aggregateCorporat
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held by retail investors. The conve
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Additional information:Corporate &
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greater efficiency, cost control an
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The trend in operating expenses sho
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Main Corporate Finance transactions
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Corporate LendingCorporate Lending
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In Latin America, the funding of Li
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In Mexico, Global Markets maintains
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Supplementaryinformation216 Consoli
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IFRS (Bank of Spain’s Circular 4/
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JapanTokyoFukoku Seimei Bldg. 12 th
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BBVA in 2012

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