BBVA in 2012

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Holdings in Industrial and FinancialCompaniesThis unit manages the portfolio of industrial and financial investments in companies operatingin the telecommunications, media, electricity, oil, gas and financial sectors. Like Asset/LiabilityManagement, it lies within the Group’s Finance Division.BBVA applies strict requirements to this portfolio regarding risk-control procedures, economiccapital consumption and return on investment, diversifying investments across different sectors. Italso applies dynamic hedging and monetization management strategies to its holdings. In 2012 itinvested €460m and divested €484m.As of December 31, 2012, the market value of the holdings in the Industrial & Financial Companiesportfolio is €2,811m.200 Business areas
Additional information:Corporate & Investment BankingIncome statement(Million euros)Corporate & Investment Banking2012 ∆% ∆% (1) 2011 2010Net interest income 1,713 9.3 7.1 1,567 1,556Net fees and commissions 713 11.9 10.4 637 628Net trading income 274 36.6 27.6 201 292Other income/expenses 67 (12.1) (9.2) 76 134Gross income 2,767 11.6 9.2 2,481 2,609Operating costs (889) 5.1 3.5 (846) (738)Personnel expenses (498) 1.6 0.6 (490) (441)General and administrative expenses (375) 7.5 5.1 (349) (289)Deprecation and amortization (16) 130.1 125.4 (7) (7)Operating income 1,878 14.9 12.1 1,635 1,871Impairment on financial assets (net) (191) 114.2 113.2 (89) (202)Provisions (net) and other gains (losses) (31) 126.3 120.2 (14) 4Income before tax 1,655 8.1 5.4 1,532 1,673Income tax (479) 13.9 10.9 (421) (447)Net incomes 1,176 5.9 3.3 1,111 1,225Non-controlling interests (127) 56.5 44.0 (81) (98)Net attributable profit 1,049 1.9 (0.1) 1,030 1,128(1) At constant exchange rates.Balance sheet(Million euros)Corporate & Investment Banking31-12-12 ∆% ∆% (1) 31-12-11 31-12-10Cash and balances with central banks 13,029 (1.2) (1.1) 13,187 3,699Financial assets 83,867 12.5 11.3 74,518 65,421Loans and receivables 59,264 (14.6) (14.9) 69,382 68,468Loans and advances to customers 48,592 (16.2) (16.6) 57,963 55,927Loans and advances to credit institutions and others 10,671 (6.5) (6.1) 11,418 12,540Inter-area positions 14,974 88.1 87.6 7,960 25,078Tangible assets 41 38.6 38.5 29 23Other assets 3,396 28.6 28.4 2,641 1,656Total assets/Liabilities and equity 174,572 4.1 3.4 167,717 164,345Deposits from central banks and credit institutions 68,835 12.8 11.6 61,030 49,323Deposits from customers 36,442 (11.9) (12.7) 41,387 65,385Debt certificates (228) 226.1 226.1 (70) 1Subordinated liabilities 1,655 (26.5) (27.3) 2,250 1,691Inter-area positions - - - - -Financial liabilities held for trading 56,201 13.7 13.6 49,429 35,699Other liabilities 6,290 (32.4) (32.3) 9,305 9,191Economic capital allocated 5,378 22.6 22.1 4,386 3,055(1) At constant exchange rates.Additional information: Corporate & Investment Banking201
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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
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Reputational riskThis is another ty
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The economic capital of the Pension
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Categories of financing and advice
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Business areas135 Spain149 Eurasia1
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Furthermore, as usual in the case o
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SpainIncome statement(Million euros
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• On July 20, the Government requ
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3 Spain. Efficiency ratio versus pe
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These lines axes of action will con
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10 Spain. Operating income(Million
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- Creation of a SICAV module on the
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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
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: held by retail investors. The conve
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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