BBVA in 2012

South America. Financial statements of the main countriesIncome statement(Million euros)ArgentinaChile2012 ∆% ∆% (1) 2011 2012 ∆% ∆% (1) 2011Net interest income 575 42.0 44.4 405 462 10.4 2.7 419Net fees and commissions 229 31.4 33.6 174 85 0.9 (6.2) 84Net trading income 60 (32.3) (31.2) 89 26 (16.4) (22.3) 32Other income/expenses 69 (2.4) (0.8) 71 71 44.2 34.1 49Gross income 934 26.3 28.4 739 645 10.4 2.7 584Operating costs (492) 15.8 17.8 (425) (324) 16.5 8.4 (278)Personnel expenses (270) 12.5 14.4 (240) (179) 19.5 11.2 (150)General and administrative expenses (202) 19.1 21.1 (169) (135) 19.9 11.5 (112)Deprecation and amortization (20) 32.0 34.2 (15) (10) (36.8) (41.2) (16)Operating income 442 40.5 42.8 315 321 4.9 (2.4) 306Impairment on financial assets (net) (55) 48.9 51.4 (37) (89) 40.5 30.7 (64)Provisions (net) and other gains (losses) (15) n.m. n.m. 1 7 n.m. n.m. (4)Income before tax 371 33.1 35.4 279 239 0.3 (6.7) 238Income tax (121) 56.2 58.8 (78) (37) (5.7) (12.3) (39)Net income from ongoing operations 250 24.3 26.3 201 202 1.5 (5.6) 199Net income from discontinued operations - - - - 168 39.0 29.3 121Net income 250 24.3 26.3 201 370 15.7 7.6 320Non-controlling interests (59) 32.8 35.0 (44) (102) 6.6 (0.9) (96)Net attributable profit 191 21.8 23.9 157 268 19.6 11.2 224(1) At constant exchange rates.Balance sheet(Million euros)ArgentinaChile31-12-12 ∆% ∆% (1) 31-12-11 31-12-12 ∆% ∆% (1) 31-12-11Cash and balances with central banks 1,341 0.9 17.3 1,329 381 8.3 1.7 352Financial assets 569 (35.0) (24.4) 875 2,499 (14.7) (19.9) 2,930Loans and receivables 4,753 3.1 20.0 4,609 12,907 21.5 14.0 10,627Loans and advances to customers 4,208 5.9 23.2 3,974 11,974 24.6 17.0 9,607Loans and advances to credit institutions and others 544 (14.2) (0.2) 635 933 (8.5) (14.2) 1,020Tangible assets 109 (4.9) 10.6 115 94 (26.5) (31.0) 128Other assets 183 14.6 33.3 160 1,199 59.3 49.5 753Total assets/Liabilities and equity 6,954 (1.9) 14.1 7,088 17,080 15.5 8.4 14,790Deposits from central banks and credit institutions 80 (54.3) (46.8) 174 2,654 11.0 4.2 2,391Deposits from customers 5,280 1.3 17.8 5,213 7,829 11.9 5.0 6,997Debt certificates 78 77.0 105.9 44 1,557 35.1 26.8 1,153Subordinated liabilities - - - - 650 8.2 1.6 601Financial liabilities held for trading - - - 4 766 (6.1) (11.9) 815Other liabilities 1,155 (10.6) 4.0 1,292 3,074 30.7 22.7 2,352Economic capital allocated 362 0.5 16.9 361 550 14.3 7.3 481(1) At constant exchange rates.178 Business areas