BBVA in 2012

13 Provisions and othersCumulative impairment losses on financial assets in 2012 totaled €7,980m, 88.8% higher than thoseposted 12 months earlier.14 Provisions amounted to €651m (–€509m 12 months earlier). They basically cover early retirement costsand, to a lesser extent, transfers to provisions for contingent liabilities, allocations to pension funds andother commitments to staff.The heading Other gains/losses amounted to a negative €1,365m, basically consisting of the provisionsmade for real-estate and foreclosed or acquired assets in Spain, and the badwill generated with theUnnim operation.In conclusion, if we add the provisions made to cover the impairment of the assets related to thereal-estate sector in Spain, accounted for under the headings “Impairment losses on financial assets”and “Other gains (losses)”, the total amount allocated by BBVA in 2012 is €4.4 billion, which means thatthe Bank complies with the requirements set out in the Royal Decree-Laws 02/2012 and 18/2012.After announcing in the second quarter of 2012 that it was looking into strategic alternatives for itspension business in Latin America, BBVA has already signed sale agreements for Afore BancomerEarnings75