BBVA in 2012

Group financial informationBBVA has completed a hugely difficult and demanding year 2012 with:1. High generation of recurrent revenue and a large contribution from net trading income (NTI).2. This has enabled BBVA to absorb a significant increase in provisions in Spain to cover the gradualimpairment in real-estate portfolios and assets.3. In terms of solvency, the Bank improved core capital ratio under Basel II compared with the figureat the close of the previous year and it continues to comply with the recommendations of theEuropean Banking Authority (EBA).4. Very good news from the standpoint of liquidity, with positive performance in retail customerdeposits in Spain particularly noteworthy.5 In activity , key points are the buoyant lending in emerging economies and the necessarydeleveraging of the Spanish economy. By segments, BBVA continues to grow mainly in retailportfolios and deposits.6. In the second quarter of 2012, BBVA announced it was starting a process to study strategicalternatives for its pension business in Latin America. On December 24, 2012 BBVA signed a saleagreement for the stake in its subsidiary in Colombia, on January 9, 2013 it closed the sale of theAfore in Mexico and on February 1 it signed another sale agreement for the stake in its subsidiaryin Chile. The earnings from this business in the region are therefore classified as discontinuedoperations. The historical series have also been reconstructed to ensure they are comparable.7. On July 27, 2012, Unnim was incorporated into the Group’s financial statements.8. In addition, on December 16, the sale of BBVA Puerto Rico was closed.9. Finally, as regards shareholder remuneration, BBVA is maintaining the current dividend policy.64 Group financial information