BBVA in 2012

30 Mexico. Consumer finance plus credit cards evolution(Billion euros at constant exchange rate)6.9December7.1March7.5June8.0September8.5December8.7March9.0June9.4September9.7December1098765432106,97,17,52010 20112012Residential mortgages increased by 3.0% to €8,911m. Over 28,300 new mortgages were grantedin 2012. This has maintained BBVA’s leadership in Mexico in the private sector, signing one out ofthree of new mortgages granted by banks and Sofoles.The wholesale portfolio, which includes loans to corporations, SMEs, financial institutions and thepublic sector, is up 7.4% year-on-year to €16,084m. There was a particularly good performance inlending to SMEs, which has grown year-on-year at double-digit rates throughout the last twelvemonths, closing December at 12.2%. Loans to the public sector amounted to €3,590m. In 2012,lending to corporates through CIB continued to increase. This has been reflected in the bank’sactive participation in corporate debt issues on capital markets, where BBVA has maintainedits lead in Mexico, with a market share of 25.1% as of the close of December 2012, according toDealogic.31 Mexico. Wholesale portfolio evolution(Billion euros at constant exchange rate)16.214.613.614.115.014.915.215.616.118161416,214,613,612108642DecemberMarchJuneSeptemberDecemberMarchJuneSeptemberDecember02010 20112012In customer funds, demand deposits increased by 6.9%, with a notable performance by customerfunds from the retail network, which increased by 7.3% compared with the close of 2011. BBVAcontinues to lead the demand deposit segment, with a third of the market, making it the favoritebank for savers in the country. Throughout the year, BBVA Group in Mexico has maintained itsstrategy of ensuring a profitable mix of liabilities, as reflected in the 7.9% year-on-year fall in timedeposits. This fall has been offset by the increase in the assets under management in mutual funds(up 6.7%) and other more sophisticated products such as repos and other fixed-income products.Mexico163