The United States highlights in the first quarter
- Growth in activity in an environment of low interest rates.
- Cost reduction.
- Improved risk indicators.
- Celent grants BBVA Compass “Model Bank of the Year Award” for the implementation of its new technological platform.
- Creation of BBVA Ventures.
Income statement
(Million euros)
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The United States | |||
|---|---|---|---|---|
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1Q13 | Δ % | Δ % (1) | 1Q12 |
| Net interest income | 348 | (10.4) | (9.9) | 389 |
| Net fees and commissions | 133 | (13.1) | (13.0) | 153 |
| Net trading income | 36 | (2.9) | (3.6) | 37 |
| Other income/expenses | (2) | (89.8) | (89.7) | (17) |
| Gross income | 515 | (8.3) | (7.9) | 562 |
| Operating costs | (357) | (1.8) | (1.4) | (364) |
| Personnel expenses | (205) | (2.4) | (2.1) | (210) |
| General and administrative expenses | (109) | (4.5) | (4.2) | (114) |
| Depreciation and amortization | (44) | 8.8 | 9.5 | (41) |
| Operating income | 158 | (20.2) | (19.9) | 198 |
| Impairment on financial assets (net) | (17) | (39.2) | (38.3) | (28) |
| Provisions (net) and other gains (losses) | - | n.m. | n.m. | (12) |
| Income before taxes | 141 | (11.2) | (11.0) | 159 |
| Income taxes | (46) | (8.3) | (8.2) | (51) |
| Net incomes | 95 | (12.5) | (12.3) | 108 |
| Non-controlling interests | - | - | - | - |
| Net attributable profit | 95 | (12.5) | (12.3) | 108 |
Balance sheet
(Million euros)
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The United States | |||
|---|---|---|---|---|
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|
31-03-13 | Δ % | Δ % (1) | 31-03-12 |
| Cash and balances with central banks | 4,819 | 1.8 | (13.1) | 4,733 |
| Financial assets | 8,394 | 7.4 | 7.4 | 7,814 |
| Loans and receivables | 39,264 | 2.3 | (0.5) | 38,364 |
| Loans and advances to customers | 37,082 | 2.1 | (0.2) | 36,312 |
| Loans and advances to credit institutions and other | 2,182 | 6.3 | (5.7) | 2,052 |
| Inter-area positions | - | - | - | - |
| Tangible assets | 772 | (1.1) | 0.5 | 780 |
| Other assets | 2,393 | 19.5 | 26.4 | 2,003 |
| Total assets/Liabilities and equity | 55,642 | 3.6 | 0.2 | 53,694 |
| Deposits from central banks and credit institutions | 5,368 | (28.4) | (24.5) | 7,496 |
| Deposits from customers | 41,094 | 13.7 | 1.9 | 36,141 |
| Debt certificates | - | - | - | - |
| Subordinated liabilities | 869 | (18.5) | (0.5) | 1,067 |
| Inter-area positions | 972 | (54.3) | n.m. | 2,128 |
| Financial liabilities held for trading | 310 | (26.5) | (14.6) | 421 |
| Other liabilities | 4,198 | 16.8 | 1.2 | 3,595 |
| Economic capital allocated | 2,830 | (0.6) | 4.1 | 2,846 |
Relevant business indicators
(Million euros and percentage)
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The United States | ||
|---|---|---|---|
|
|
31-03-13 | 31-12-12 | 31-03-12 |
| Performing loans | 38,648 | 37,510 | 36,946 |
| Deposits from customers (1) | 40,002 | 37,721 | 35,498 |
| Mutual funds | - | - | - |
| Pension funds | - | - | - |
| Efficiency ratio (%) | 69.4 | 67.1 | 64.8 |
| NPA ratio (%) | 1.8 | 2.4 | 3.2 |
| NPA coverage ratio (%) | 109 | 90 | 75 |
| Risk premium (%) | 0.18 | 0.19 | 0.29 |