BBVA in 2012

Off-balance-sheet customer funds stood at €159 billion at the end of December, up 10.4% year-on-year.Other customer funds(Million euros)31-12-12 Δ% 31-12-11 31-12-10Spain 51,915 3.0 50,399 52,482Mutual funds 19,116 (2.5) 19,598 22,316Pension funds 18,313 6.3 17,224 16,811Individual pension plans 10,582 6.6 9,930 9,647Corporate pension funds 7,731 6.0 7,294 7,164Customer portfolios 14,486 6.7 13,578 13,355Rest of the world 107,370 14.4 93,892 93,707Mutual funds and investment companies 22,255 13.0 19,697 19,675Pension funds 71,463 16.3 61,424 61,952Customer portfolios 13,652 6.9 12,771 12,080Other customer funds 159,285 10.4 144,291 146,18823 In Spain, BBVA still holds the leading position in assets under management, in both pension and mutualfunds. In pension funds, its market share stands at 19.9%, according to the latest information available asof December 2012. Its market share in mutual funds stands at 17.4%, according to December data, i.e. 42basis points above the figure on the same date in 2011.In the non-domestic sector, there continue to be widespread increases in assets under management infunds and customer portfolios.Other balance sheet headingsThe balance of financial assets held for trading as of 31-Dec-2012 stood at €80 billion. Of this amount,€49 billion correspond to derivatives positions, which is practically the same figure as for the derivativespositions included in financial liabilities held for trading. To sum up, the net position of financial assetsheld for trading as of 31-Dec-2012 is €24 billion, with a rise of €4.7 billion on the figure at the close of 2011.This increase is therefore the result of the increase in the debt securities item.Balance sheet and business activity83