BBVA in 2012

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These figures mean that the mix of customer funds continues to maintain a profitable structure. Atotal of 77% of all deposit gathering was in low-cost deposits, while the remaining 23% was in timedeposits.32 Mexico. Structure of customer funds. Deposit gathering (1)(Percentage)December 2011December 2012Current and savingsaccounts 26Current and savingsaccounts23Time deposits74Time deposits77(1) Including current and saving accounts, time deposits both in local currency and dollar.Earnings2012 was a year in which investment in Mexico continued to take advantage of marketopportunities in order to maintain a sound financial position.Net interest income in the area amounted to €4,164m, 7.8% up on 2011. The activity volume,combined with good price management, have offset the impact of low interest rates throughoutthe year. As a result, despite the interest-rate environment mentioned above, profitability, calculatedas the net interest income over average total assets, showed a stable trend.33 Mexico. Net interest income over ATA(Percentage)5.55.45.35.55.65.45.15.2654321MarchJuneSeptemberDecemberMarchJuneSeptemberDecember02011 2012Income from fees and commissions increased by 4.0% to €1,087m, due to increased transactionsby customers with credit and debit cards, and a higher volume of assets under management inmutual funds. In contrast, NTI registered a fall because of the comparison with the high level ofincome in 2011. The trend in other income and expenses continued to be positive, thanks aboveall to the favorable performance of the insurance business. As a result of the above, gross incomewas €5,758m, 5.8% up on the figure for 2011.164 Business areas
The increase of operating expenses is the result of the investment in technology andinfrastructure over recent years. Because of this, operating expenses in 2012 were up 9.7%to €2,172m. The number of ATMs continued to grow over the year to 7,733 units, while POSterminals increased by 9,176 units over the last twelve months. With these figures forrevenue and costs, the efficiency ratio remains one of the best in the Mexican system, at37.7% as of the close of 2012. Operating income totaled €3,586m, 3.6% up on the figure for2011. Excluding the most volatile revenues from NTI, operating income increased over theyear by 6.6%.34 Mexico. Distribution network evolution(Branches, ATMs and points of sale)BranchesATMsPoint of sale1,9851,990 2,000 1,999 1,999 2,004 2,005 2,0141,9886,760 6,97916161041047,104161017,293161037,710182927,806171467,830181577,831181647,73318181125,252116,076 119,053 120,713 122,366111,666103,838 106,40195,4786,640 6,859 6,987 7,174 7,400 7,643 7,655 7,649 7,534Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep. Dec. Dec. Mar. Jun. Sep. Dec. Mar. Jun. Sep.201020112012 201020112012 201020112012ATMs Cash-Deposit Cash recyclingDec.35 Mexico. Efficiency58(1) Incluye ATMs, practicajas y recicladoras.(Million euros at constant2500exchange rate)20001500Grossincome1000Operatingcosts5005,2265,4435,758800070006000500040003000200034.6Efficiency ratio(Percentage)36.4140000120713122366 125252120000103838 106401111666116076119053100000 95478800006000037.740000200000403034,636,437,7-217201,808 1,980 2,1722010 2011 2012100002010 2011 20122036 BBVA Bancomer and Mexican banking system efficiency (1)(Percentage)57.8 57.9 57.558.2605857,8 57,9BBVA 53.0Bancomer (2)53.652.4 52.8 53.256545253,0Mexicanbankingsystem41.943.742.943.7 43.445.6 45.7 45.4 45.0504846444241,943,742,9DecemberMarch June September December March June September December40201020112012(1) Mexican banking system formed by 5 banks: Banamex, Santander, Banorte-Ixe, HSBC and Scotiabank.Source: CNBV. Data from banks without subsidiaries.(2) Data collected under local accounting principles.Mexico165
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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
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22 Real-estate exposure and coverag
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ConcentrationExcluding sovereign ri
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27 BBVA Group. Net NPA entries(Mill
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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 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: 30 Mexico. Consumer finance plus cr
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
Page 211 and 212: Main Corporate Finance transactions
Page 213 and 214: Corporate LendingCorporate Lending
Page 215 and 216: In Latin America, the funding of Li
Page 217 and 218: 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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