BBVA in 2012

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Europe has contributed 34.8% to the above result, i.e. €331m (down 28.8% year-on-year). Ofparticular note is the continued excellent performance of Turkey, whose earnings stand at€314m, a rise of 62.8% on the previous year (partly because Garanti contributed for the 12months in 2012, while in 2011 it began to contribute at the end of March). In the rest of Europe,the net attributable profit fell 93.9% in the same period to €17m. This is due to reduced activitywith wholesale customers, turbulence in the markets and the aforementioned loan-lossprovisions made in Portugal.Garanti is a bank that serves 11.7 million customers with a workforce of 20,318 people. It has anetwork of 936 branches and 3,508 ATMs. It covers all business segments, ranging from retailto investment banking, and including the service it provides to small businesses and largecorporations. Garanti’s dynamic business model is founded upon the continueddevelopment of technologies to make customer transactions easier. For that reason,innovative payment systems and mobile and online banking are flagships for the Bank’sidentity.20 Garanti Bank. Market shares as of 31-Dec-2012(Percentage)68.07045.0605029.04011.512.817.93020DepositsLendingCredit cardsOnline bankingtransaction (1)Mobile bankingtransaction (1)Contact-lesscards100(1) Data as of 30-Sep-2012, latest available data.Source: BRSA.Garanti works to create value for its customers and shareholders, in addition to society as a whole.It therefore supports initiatives in areas such as childhood, the environment, equality and culture.Support program for women entrepreneurs, helping them access to loans and hosting variousevents to increase their visibility, were distinguished among social responsibility projects of 2012.Also, in association with the Turkish basketball federation, for which it is the leading sponsor,Garanti has financed programs to promote access to this sport in schools across the country. Inaddition, it supports cultural foundations such as SALT, and organizations that seek to preserve theecosystem and biodiversity, such as WWF.The most notable aspects of the Turkish bank in 2012, are as follows (data for Garanti Bank, unlessotherwise indicated):• Continued progress in lending (up 9.4% year-on-year), particularly in the local currency (up16.0%). There has been a notable boost in the retail portfolio, with positive growth rates that areabove the sector average, in highly profitable products such as loans to the automobile sector(up 10.6% year-on-year at Garanti versus 2.9% in the sector) and mortgages (up 15.4% at Garantiand 13.4% in the sector).• Customer deposits have continued to rise (up 1.4% in the year) thanks to the strong growth inTurkish lira-denominated deposits (up 4.3%).• Excellent management of customer spreads, thanks mainly to a reduction in the cost ofliabilities. In the fourth quarter of 2012 this cost fell once more, leading to an additional increasein the spread and thus an improvement in the bank’s profitability ratios.154 Business areas
• The above, together with the high yield generated by inflation-linked bonds, has helpedstrengthen the bank’s gross income.• In addition, Garanti Group is notable for its high core Tier I capital ratio (16.9% as of December2012) under Basel II, where it leads the field among its peers.• To sum up, increased activity, a diversified revenue base and disciplined cost management haveallowed the Garanti Group to generate a net attributable profit of €1,453m in 2012 (€1,327m inGaranti Bank).Garanti. Significant data as of December 2011 and 2012 (1)31-12-12 31-12-11Financial statements (million euros)Attributable profit 1,327 1,313Total assets 68,019 60,020Loans to customers 38,990 34,305Deposits from customers 35,530 33,791Relevant ratios (%)Efficiency ratio 46.7 44.3NPA ratio 2.3 1.8Other informationNumber of employees 20,318 16,775Number of branches 936 918Number of ATMs 3,508 3,268(1) BRSA data for the Garanti Bank.21 Garanti. Composition of assets and lending portfolio (1)(December 2012)Composition of assetsLending portfolioOther 4.4%Securities23.6%Loans to customers57.1%Commercial 37.9%Corporate 16.5%Consumer 20.5%Credit cards 13.1%(1) BRSA data for the Garanti Bank.Cash and banks 14.9%SME 12.1%Eurasia155
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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
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The economic cycle in PDThe current
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13LGD for Autos Finanzia, BBVA Spai
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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 and 152: As of 31-Dec-2012, BBVA Seguros has
Page 153 and 154: EurasiaIncome statement(Million eur
Page 155 and 156: Management prioritiesIn 2012, the E
Page 157: 17 Eurasia. Efficiency(Million euro
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
Page 203 and 204: held by retail investors. The conve
Page 205 and 206: Additional information:Corporate &
Page 207 and 208: 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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