The various commercial initiatives implemented by BBVA in Mexico since the start of 2013 have been reflected in the positive trend in commercial activity and the excellent performance of the income statement over the last 12 months.
This strong activity has been mainly boosted by consumer finance and lending to SMEs and small businesses. In customer funds, the mix has continued to improve toward a more profitable structure, thanks to the favorable trend in lower-cost transactional deposits.
As a result, BBVA in Mexico has recorded sound earnings figures in the quarter, with a significant year-on-year increase in net attributable profit, based on positive recurring revenue and a risk premium kept in check.
A glimpse into the area
Business acitivity(Year-on-year change at constant exchange rate. Data as of 31-03-2014)  |
Net interest income/ATA(Percentage. Constant exchange rate)  |
|---|---|
Operating income(Million euros at constant exchange rate)  (1) At current exchange rate: +3.4% |
Net attributable profit(Million euros at constant exchange rate)  (1) At current exchange rate: +5.7% |
Loans under management breakdown
(Percentage as of 31-03-2014)  |
Breakdown of customer deposits under management(Percentage as of 31-03-2014)  |
