BBVA in 2012

Balance sheet and businessactivityAt the close of 2012, BBVA’s balance sheet and activity were characterized by:• A year-on-year increase of 1.7% in gross customer lending. Growth in activity in emerging marketsand the incorporation of Unnim have offset lower lending in Spain and in CIB loan portfolios indeveloped countries.• Positive performance in on-balance-sheet customer funds due mainly to the performance of theretail segment.• Growth of debt certificates, basically due to new issues and promissory notes placed in the retail network.• Positive impact of exchange rates.Consolidated balance sheet(Million euros)31-12-12 Δ% 31-12-11 31-12-10Cash and balances with central banks 37,434 21.0 30,939 19,981Financial assets held for trading 79,954 13.2 70,602 63,283Other financial assets designated at fair value through profit or loss 2,853 (4.2) 2,977 2,774Available-for-sale financial assets 71,500 23.0 58,144 56,456Loans and receivables 383,410 0.6 381,076 364,707Loans and advances to credit institutions 26,522 1.6 26,107 23,637Loans and advances to customers 352,931 0.3 351,900 338,857Other 3,957 28.9 3,069 2,213Held-to-maturity investments 10,162 (7.2) 10,955 9,946Investments in entities accounted for using the equity method 6,795 16.3 5,843 4,547Tangible assets 7,785 6.2 7,330 6,701Intangible assets 8,912 2.7 8,677 8,007Other assets 28,980 37.1 21,145 16,336Total assets 637,785 6.7 597,688 552,738Financial liabilities held for trading 55,927 9.0 51,303 37,212Other financial liabilities at fair value through profit or loss 2,516 37.9 1,825 1,607Financial liabilities at amortized cost 506,487 5.5 479,904 453,164Deposits from central banks and credit institutions 106,511 15.1 92,503 68,180Deposits from customers 292,716 3.7 282,173 275,789Debt certificates 87,212 6.4 81,930 85,179Subordinated liabilities 11,831 (23.3) 15,419 17,420Other financial liabilities 8,216 4.3 7,879 6,596Liabilities under insurance contracts 9,032 16.7 7,737 8,034Other liabilities 20,021 18.7 16,861 15,246Total liabilities 593,983 6.5 557,630 515,263Non-controlling interests 2,372 25.3 1,893 1,556Valuation adjustments (2,184) (21.6) (2,787) (770)Shareholders' funds 43,614 6.5 40,952 36,689Total equity 43,802 9.3 40,058 37,475Total equity and liabilities 637,785 6.7 597,688 552,738Memorandum item:Contingent liabilities 39,540 (0.9) 39,904 36,44178 Group financial information