BBVA in 2012

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This performance of revenues and expenses has resulted in an improvement of the efficiencyratio in the area, which closes the year at 43.4% (46.2% the previous year), and a 26.8% increase inoperating income to €3,035m.45 South America. Efficiency(Million euros at constantexchange rates)Efficiency ratio(Percentage)60005000400030002000353144115363Grossincome3,5314,4115,36344.846.243.450403010000Operatingcosts20-1000-2000-3000-1563-2017-23281,56320102,0172,3282011 20122010 2011 201210046 South America. Operating income(Million euros at constant exchange rates)35003,03530002,394+26.8% (1)25001,9682000150010005002010201120120(1) At current exchange rates: +37.4%.Finally, impairment losses on financial assets are up 21.6%, in line with increased activity, and standat €593m. As a result, the risk premium stands at 1.64% (1.85% as of 31-12-2012).To sum up, strong activity, combined with good price management, has resulted in notable growthin the revenue lines. This, together with expenses that include expansion plans (though they aregrowing slower than revenue), and improved asset quality, has resulted in a 23.6% increase in netattributable profit in the year.Below are some of the most important aspects of the performance of the various countries andthe insurance activity in 2012.176 Business areas
Grupo BBVA. Business share ranking in South America in 2012Loan Deposit PensionsArgentina 4 th 3 rd -Bolivia - - 1 stChile 5 th 5 th 1 stColombia 4 th 4 th 3 rdEcuador - - 1 stPanama 5 th 4 th -Paraguay 4 th 4 th -Peru 2 nd 2 nd 3 rdUruguay 2 nd 3 rd -Venezuela 3 rd 2 nd -47 South America. Breakdown of gross income and net attributable profitby country (Year 2012. Percentage)Gross margin5,363 million eurosNet attributable profit1,347 million eurosOther (1) 5Argentina 17Other (1) 2Argentina 14Venezuela 24Venezuela 31Colombia 17Colombia 25Peru 18Chile 12Peru 15Chile 20(1) Panama, Paraguay, Uruguay and Bolivia. Additionally, it includes eliminations and other charges.48 South America. Breakdown of gross customer lending and on-balance-sheetcustomer funds by country (31-12-12. Percentage)Customer lending (gross):48,721 million eurosCustomer funds60,566 million eurosUruguay 2Paraguay 2Uruguay 3Paraguay 2Panama 2Argentina 9Panama 2Argentina 9Venezuela 21Chile 25Venezuela 28Chile 19Peru 20Colombia 19Peru 18Colombia 19South America177
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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
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Interest rate risk measurement is s
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Structural risk in the equity portf
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BBVA continues working to improve a
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Credit risk in market activitiesThe
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Operational riskOperational risk is
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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
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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 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
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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
Page 219 and 220: Supplementaryinformation216 Consoli
Page 221 and 222: IFRS (Bank of Spain’s Circular 4/
Page 223: JapanTokyoFukoku Seimei Bldg. 12 th
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BBVA in 2012

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