BBVA in 2012

The United StatesIncome statement(Million euros)The United StatesUnitsBBVA Compass2012 ∆% ∆% (1) 2011 2010 2012 ∆% ∆% (1) 2011Net interest income 1,682 2.8 (4.7) 1,635 1,825 1,467 4.3 (3.2) 1,400Net fees and commissions 603 (4.8) (11.1) 633 651 511 (2.3) (10.0) 525Net trading income 160 14.5 7.5 140 156 120 24.9 17.9 94Other income/expenses (49) (41.8) (46.3) (84) (50) (44) (41.5) (50.2) (83)Gross income 2,395 3.1 (4.2) 2,324 2,583 2,054 5.5 (2.0) 1,936Operating costs (1,583) 5.8 (1.7) (1,497) (1,521) (1,394) 6.5 (1.0) (1,300)Personnel expenses (875) 6.7 (0.8) (820) (753) (770) 7.0 (0.5) (715)General and administrative expenses (521) 2.8 (4.5) (507) (569) (442) 4.6 (2.9) (420)Deprecation and amortization (188) 10.4 2.0 (170) (199) (182) 9.5 2.1 (165)Operating income 812 (1.8) (8.6) 827 1,061 659 3.3 (4.2) 636Impairment on financial assets (net) (90) (73.8) (75.9) (346) (703) (53) (75.5) (85.1) (332)Provisions (net) and other gains (losses) (54) (96.4) (96.7) (1,501) (22) (45) (87.3) (97.2) (1,480)Income before tax 667 n.m. n.m. (1,020) 336 561 n.m. n.m. (1,175)Income tax (192) n.m. n.m. 329 (76) (174) n.m. n.m. 362Net income 475 n.m. n.m. (691) 260 387 n.m. n.m. (814)Non-controlling interests - - - - - - - - -Net attributable profit 475 n.m. n.m. (691) 260 387 n.m. n.m. (814)Adjusted (2) - - - (1,011) - - - - (1,011)Net attributable profit (adjusted) 475 48.4 39.6 320 260 387 96.1 81.1 197(1) At constant exchange rate.(2) In 2011, during the fourth quarter, US goodwill imparment charge.Balance sheet(Million euros)Estados UnidosUnidadesBBVA Compass31-12-12 ∆% ∆% (1) 31-12-11 31-12-10 31-12-12 ∆% ∆% (1) 31-12-11Cash and balances with central banks 5,384 59.3 62.4 3,380 2,527 4,339 95.7 110.4 2,103Financial assets 7,584 (9.9) (8.1) 8,418 7,486 7,508 0.3 2.3 7,486Loans and receivables 38,311 (9.6) (7.9) 42,397 41,286 34,945 4.7 7.2 33,228Loans and advances to customers 36,068 (11.3) (9.6) 40,677 39,964 33,018 2.5 4.8 32,118Loans and advances to credit institutions and others 2,243 30.4 33.0 1,720 1,321 1,927 66.2 77.0 1,110Inter-area positions - - - - 4,625 416 - - -Tangible assets 745 (10.5) (8.8) 833 796 729 (7.3) (6.4) 794Other assets 1,825 (16.2) (14.6) 2,179 2,453 1,704 (10.4) (9.8) 1,927Total assets/Liabilities and equity 53,850 (5.9) (4.0) 57,207 59,173 49,641 8.1 11.2 45,538Deposits from central banks and credit institutions 6,652 (8.6) (6.8) 7,278 7,714 3,901 (4.6) (3.3) 4,112Deposits from customers 39,132 1.9 4.0 38,384 42,905 38,378 9.7 12.9 34,659Debt certificates - - - 363 501 - - - -Subordinated liabilities 848 (30.0) (28.6) 1,211 1,072 800 (15.2) (15.3) 963Inter-area positions 203 (91.8) (91.6) 2,466 - - - - -Financial liabilities held for trading 352 (22.6) (21.0) 454 360 351 (18.2) (18.6) 440Other liabilities 4,025 9.6 11.7 3,673 3,793 3,837 32.7 39.0 2,814Economic capital allocated 2,638 (21.9) (20.4) 3,379 2,827 2,374 (6.2) (5.0) 2,549(1) At constant exchange rate.186 Business areas