BBVA in 2012

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22 Garanti. Composition of liabilities (1)(December 2012)Other 6.4%Bonds issued 3.7%Shareholders equity 13.3%Deposits from customers 52.2%Fund borrowed 13.6%Repo obbligations 8.4%Deposits from banks 2.4%(1) BRSA data for the Garanti Bank.Finally, Asia has posted a cumulative net attributable profit of €620m, accounting for 65.2% ofearnings in the area. Most of this amount comes from the contribution from CNCB. Accordingto the latest data published as of September 2012, the bank’s cumulative net attributable profitincreased by 12.4% year-on-year. With respect to activity, deposit gathering stands out, with a biggerincrease than in lending (up 19.7% and 15.3% in year-on-year terms, respectively). Finally, CNCBimproved its capital ratio to 13.7% at the close of the third quarter of 2012 (under local criteria).23 Eurasia. Lending breakdown byEurasia. Customer deposits24geographical areabreakdown by geographical area(31-12-2012)(31-12-2012)Rest of Europe56%Rest or Europe42%Turkey37%Turkey57%Asia7%Asia1%25 Eurasia. Gross income breakdown by Eurasia. Net attributable profit26geographical areabreakdown by geographical area(31-12-2012)(31-12-2012)Rest of Europe28%Rest of Europe2%Turkey42%Turkey33%Asia30%Asia65%156 Business areas
Highlights• The Bank has been recognized as the “Best Trainer of Chinese Professionals” by the prestigiousassociation China Club. The award recognizes the Group’s work to attract talent in the Asiancountry.• The appointment of Mehmet Sezgin, formerly from Garanti, as global director for Means ofpayments at BBVA led to new projects being started. These initiatives are focused on increasingthe profitability of the POS network, as well as increasing the penetration of contact-lesspayment channels, where Garanti is an international benchmark.• BBVA has obtained authorization from the United Arab Emirates Central Bank to opena representative office in Abu Dhabi where it will serve large corporate and institutionalclients. This office represents BBVA’s entry into the Middle East and will provide supportmainly to global businesses. Furthermore, the Group has transformed the representativeoffice it has had in Taiwan since 2006 into a commercial branch. This country is consideredas one of the most important markets and a key springboard for BBVA’s expansion plans inAsia.• Garanti successfully completed the biggest Eurobond issue (USD 1,350m) with the lowestcoupon by a Turkish bank. While European financial markets have gone through anextraordinarily difficult period, international investors are looking to credit markets in emergingcountries and have placed a great deal of confidence in the bank and the Turkish financialsector as a whole.• The most relevant awards and recognitions received are outlined below:– Garanti was one of the first Turkish companies to receive an Investors in People (IIP)certification, rising from “Silver” in 2009 to “Gold” status in 2012. This makes it one of the 615companies with this status out of a sample of over 24,000. The award recognizes the valuesthat it shares with BBVA: superior customer-centric management, a highly qualified team,and efficient management of the organization.– Garanti was named “Best Turkish Bank”, “Best Central European and Eastern EuropeanBank” and “Best Turkish Trade Finance Bank” by Global Finance. It was also recognized as“Best Turkish Bank” by Euromoney, and is the only bank in Turkey to receive awards in fivedifferent categories.– The outstanding management of Garanti was awarded three new international recognitionsin the fourth quarter of 2012. First, it has been chosen “Best Bank in Turkey” for the third yearin a row by The Banker, the magazine specialized in international banking and part of theFT Business Group. Second, in the area of environmental protection, the Carbon DisclosureProject (CDP) has granted the Turkish bank the Carbon Performance Leadership Award.Finally, Garanti’s 2011 Annual Interactive Report received a Platinum Spotlight Award from theLeague of American Communication Professionals.– Likewise, the Garanti’s MoneyCard loyalty program has been named “Visa Best CustomerExperience”.– The Garanti Securities subsidiary took the awards for “Best Investment Bank of 2011” grantedby World Finance and “Best Equity House of 2012” by EMEA Finance.– BBVA Portugal has been named for the second year in a row by the magazine Euromoneyas one of the best providers of cash management services for companies in Portugal. Theresults reflect BBVA’s capacity to offer solutions adapted to customer needs in what is anincreasingly competitive and specialized market.• Garanti was chosen together with BBVA by the Chinese company UnionPay as a foundingmember of UnionPay International, a subsidiary created with the aim of expanding thisEurasia157
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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
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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 and 158: 17 Eurasia. Efficiency(Million euro
Page 159: • The above, together with the hi
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
Page 209 and 210: 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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