BBVA in 2012

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Consolidated income statements (% over ATA)2012 2011 2010Net interest income 2.42 2.31 2.38Net fees and commissions 0.70 0.71 0.72Net trading income 0.28 0.26 0.33Other operating income and expenses 0.19 0.24 0.21Gross income 3.60 3.52 3.63Operating costs (1.73) (1.71) (1.57)Personnel expenses (0.91) (0.91) (0.84)General and administrative expenses (0.66) (0.65) (0.59)Depreciation and amortization (0.16) (0.15) (0.13)Operating income 1.87 1.81 2.07Impairment on financial assets (net) (1.28) (0.74) (0.84)Provisions (net) and other gains (losses) (0.32) (0.46) (0.14)Income before tax 0.27 0.61 1.08Income tax 0.04 (0.04) (0.24)Net income from ongoing operations 0.31 0.57 0.84Net income from discontinued operations 0.06 0.04 0.05Net income (ROA) 0.37 0.61 0.89Net income adjusted (ROA adjusted) 0.81 0.88 0.94Non-controlling interests (0.10) (0.08) (0.07)Net attributable profit 0.27 0.53 0.82Net attributable profit (adjusted) 0.71 0.79 0.87Memorandum item:Average total assets (million euros) 623,894 568,579 559,558Net interest income3 The Group’s cumulative net interest income as of December 2012 amounted to €15,122m, up 15.0% onthe same period the previous year. This rise takes place in virtually all geographical areas. It is due, onceagain, to the maintenance of customer spreads and positive levels of activity in emerging economies.By business areas, the following is worth highlighting:68 Group financial information
• Resilience in Spain, in a context of lower volumes, low interest rates and high competition forcustomer fund gathering, thanks to BBVA’s relatively better liquidity and solvency position. Overall,this area generated cumulative net interest income of €4,836m, with a rise of 10.1% compared withthe figure for the same period in 2011.• Eurasia grew 5.5% year-on-year to an accumulated total of €847m in 2012. The incorporationof Garanti on March 22, 2011, the strong activity with retail customers and the favorable trend incustomer spreads, particularly in Turkey (largely due to the reduction in the cost of liabilities), arebehind this good performance.• Mexico reported net interest income of €4,164m in 2012, 7.8% higher than in 2011 at constantexchange rates. Increased activity and adequate price management have enabled BBVA to offset theimpact of interest rates, which are at record lows.• Net interest income in South America continues to perform strongly, benefiting from buoyantactivity and the maintenance of customer spreads. Overall, the cumulative figure for the area as ofDecember 2012 is €4,291m, up 25.6% on the same period the previous year (excluding theexchange-rate effect).• In the United States net interest income continued to be negatively affected by the Guaranty run-off,lower business volume in CIB and the current environment of low interest rates with a practicallyflat curve. In contrast, the increase in the volume of loans and the year-on-year reduction in the costof deposits had a positive impact. As a result, this heading stood at €1,682m in 2012, down 4.7% atconstant exchanges rates.Breakdown of yields and costs2012 2011 2010% over ATA % yield/Cost % over ATA % yield/Cost % over ATA % yield/CostCash and balances with central banks 4.2 0.99 3.7 1.18 3.8 1.12Financial assets and derivatives 26.8 2.87 24.9 2.99 26.1 2.70Loans and advances to credit institutions 4.2 1.79 4.6 2.42 4.6 1.96Loans and advances to customers 57.5 5.72 60.1 5.51 59.6 4.89Euros 34.8 3.34 38.7 3.40 39.3 3.19Domestic 28.8 3.79 33.8 3.69 35.6 3.30Other 6.1 1.22 4.9 1.40 3.7 2.18Foreign currencies 22.7 9.39 21.5 9.31 20.3 8.19Other assets 7.3 0.44 6.5 0.58 5.9 0.48Total assets 100.0 4.21 100.0 4.25 100.0 3.78Deposits from central banks and credit institutions 17.3 2.14 13.6 2.63 14.3 1.89Deposits from customers 45.4 1.84 48.7 2.04 46.4 1.37Euros 23.5 1.34 27.0 1.58 21.8 1.02Domestic 15.3 1.57 16.9 1.66 15.8 1.28Other 8.2 0.90 10.1 1.43 6.0 0.33Foreign currencies 21.9 2.38 21.7 2.62 24.6 1.68Debt certificates and subordinated liabilities 16.7 2.71 19.3 2.38 21.4 1.95Other liabilities 13.8 0.94 11.6 1.11 11.9 0.62Equity 6.9 - 6.8 - 5.9 -Total liabilities and equity 100.0 1.79 100.0 1.94 100.0 1.40Net interest income/Average total assets (ATA) 2.42 2.31 2.38Earnings69
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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
Page 21 and 22: • Across-the-board operational co
Page 23 and 24: Primary stakeholdersIntroduction: t
Page 25 and 26: BBVA earnings figures presented in
Page 28 and 29: High liquidity ofBBVA shareBBVA is
Page 30 and 31: Management modelA model of peoplema
Page 32 and 33: To sum up, the combination of the a
Page 35 and 36: South AmericaIn 2012, a common syst
Page 37 and 38: Number of claims filed at the Banki
Page 39 and 40: Environmentand BBVA positioningThe
Page 41 and 42: the measures taken to correct imbal
Page 44 and 45: The easing of financial tensions in
Page 46 and 47: Positioning of BBVA GroupBBVA conti
Page 48 and 49: 20 2. A business model based on th
Page 50 and 51: - Innovate with teams dedicated exc
Page 52 and 53: 25 In short, this banking model
Page 54 and 55: 2. …reflected ingross income…28
Page 56 and 57: Risk under controlBBVA NPAs versusp
Page 58 and 59: Business areasSpainStrong franchise
Page 60 and 61: EurasiaAn area ofgrowth andpositive
Page 62 and 63: South AmericaBusiness activity(Year
Page 64 and 65: In short, abusinesstransformationre
Page 67 and 68: Group financialinformation65 Earnin
Page 69 and 70: EarningsIn 2012, BBVA Group reporte
Page 71: Consolidated income statement: quar
Page 75 and 76: allocations to the deposit guarante
Page 77 and 78: 8 • Maintain its leadership p
Page 79 and 80: 13 Provisions and othersCumulativ
Page 81 and 82: Lastly, earnings per share (EPS) fr
Page 83 and 84: In short, a year in which there has
Page 85 and 86: 20 Lastly, non-performing loans ha
Page 87 and 88: Off-balance-sheet customer funds st
Page 89 and 90: Capital baseThe main highlight in 2
Page 91 and 92: 26 RatingsIn 2012, BBVA’s ratin
Page 93 and 94: Risk management90 Global Risk Manag
Page 95 and 96: Integration of risks andoverall ris
Page 97 and 98: Credit riskCredit risk quantificati
Page 99 and 100: Behavioral scoring is used to revie
Page 101 and 102: The economic cycle in PDThe current
Page 103 and 104: 13LGD for Autos Finanzia, BBVA Spai
Page 105 and 106: The portfolio model and concentrati
Page 107 and 108: The exposure breakdown by rating of
Page 109 and 110: 22 Real-estate exposure and coverag
Page 111 and 112: ConcentrationExcluding sovereign ri
Page 113 and 114: 27 BBVA Group. Net NPA entries(Mill
Page 115 and 116: Structural risksStructural interest
Page 117 and 118: Interest rate risk measurement is s
Page 119 and 120: Structural risk in the equity portf
Page 121 and 122: 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
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EurasiaIncome statement(Million eur
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Management prioritiesIn 2012, the E
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17 Eurasia. Efficiency(Million euro
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• The above, together with the hi
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Highlights• The Bank has been rec
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MexicoIncome statement(Million euro
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area has been positive year-on-year
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30 Mexico. Consumer finance plus cr
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The increase of operating expenses
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As a result of the above, the net a
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government employees and tax collec
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South AmericaIncome statement(Milli
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advancing together with economic ac
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43 South America. Net attributable
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Grupo BBVA. Business share ranking
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Colombia Peru Venezuela2012 ∆%
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The macroeconomic and competitive e
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VenezuelaIn 2012, the growth of the
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By companies, Seguros Argentina, fo
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Significant ratios(Percentage)The U
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opportunities in key markets throug
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51 The United States. NPA and cover
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The area was able to successfully m
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HighlightsThe most relevant awards
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Definition of the aggregateCorporat
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held by retail investors. The conve
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Additional information:Corporate &
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greater efficiency, cost control an
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The trend in operating expenses sho
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Main Corporate Finance transactions
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Corporate LendingCorporate Lending
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In Latin America, the funding of Li
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In Mexico, Global Markets maintains
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Supplementaryinformation216 Consoli
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IFRS (Bank of Spain’s Circular 4/
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JapanTokyoFukoku Seimei Bldg. 12 th
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BBVA in 2012

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