BBVA in 2012

In Mexico, Global Markets maintains a clear leading position in the following products: leader asbond market maker, number one bank by currency volume, first place in equity notes and numberone in the MXN bond origination ranking, well above its competitors. Revenue from customerscontinues to grow at a fast pace, with gross income growing by 47.1% over the previous year.In South America, Global Markets continues to develop its local capabilities to make the most ofthe region’s growth and increased activity. This effort can be seen in the 27% year-on-year increasein gross income. Revenue from customers is up 21%. By countries, practically all franchises haveperformed well.Lastly, in the United States, revenue from customers has grown by around 2% year-on-year.Revenue from retail customers has increased significantly, strongly supported by BBVA Compassdistribution network. By type of product, interest rates maintain their positive trend. Of particularnote is the performance of revenue from exchange rates, which more than doubles the figure forthe same period the previous year.Main Debt Capital Markets transactions in 2012 Additional information: Corporate & Investment Banking213