The following data stand out from Grupo BBVA’s results in the fourth quarter of 2012:

• High generation of recurrent revenue and a large contribution from net trading income (NTI).
• This has enabled BBVA to absorb a significant increase in provisions in Spain to cover the gradual impairment in portfolios and real estate assets. As a result, the Group quarterly net attributable profit amounts to €20m.
• In terms of solvency, the Bank has maintained the Basel II core capital ratio it had at the close of the preceding quarter (10.8%), and continues to comply with the recommendations of the European Banking Authority (EBA).
• Very good news from the standpoint of liquidity in the quarter, with the positive performance in customer deposits in Spain particularly noteworthy.
• In activity , key points are once again the buoyant lending in emerging economies and the necessary deleveraging of the Spanish economy. By segments, BBVA continues to grow mainly in retail portfolios and deposits.
• Significant progress has been made during the quarter in the signing of agreements for the sale of the pension business in Latin America. Moreover on December 16, the sale of BBVA Puerto Rico was finalized in the United States.
• As regards shareholder remuneration, BBVA is maintaining the current dividend policy.

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