BBVA in 2012

ActivityActivity in the United States is carried out mainly by BBVA Compass, which accounts for 95% ofthe business volume and 81% of earnings in the area. Due to the relative contribution of BBVACompass, most comments in this section refer to this business unit.At the close of December 2012, gross customer lending in BBVA Compass was up 4.1%to €33,753m. The bank continues to focus its commercial effort on its targeted portfolios.Construction real estate fell year-on-year by 48.2%. In contrast, commercial loans increased by24.5% year-on-year and residential mortgages by 19.0% over the same period.49BBVA Compass. Loan mix(Percentage)December 2011 December 2012Commercial34.8Construction real estate8.1Commercial39.4Construction real estate3.8Commercialreal estate18.2Commercialreal estate17.4Consumer 13.0Residentialreal estate24.4Consumer 14.5Residentialreal estate26.450 Developer loans over total BBVA Compass loan portfolio(Percentage)12.61412108.1863.842December2010December2011December20120Asset quality in the area improved considerably during the year. Total non-performing loansdecreased by 39.5% compared with the figure for 2011 (at current exchange rates). Thus the NPAratio improved 114 basis points, closing the year at 2.4%. The coverage ratio reached 90% and theaccumulated risk premium at year end, 0.23% (0.89% at the close of 2011).190 Business areas