Business areas

The financial information of BBVA is disclosed in eight reporting units following a geographical criteria


This scheme makes risk perception easier and offer better estimations of future growth perspectives.


Banking activity in Spain

Includesthe Retail Network in Spain, Corporate and Business Banking (CBB), Corporate & Investment Banking (CIB), BBVA Seguros and Asset Management units in Spain. It also includes the new loan production to developers or loans that are no longer in difficulties as well as the portfolios, funding and structural interest-rate positions of the euro balance sheet.


Non Core Real State

Covers specialist management in Spain of loans to developers in difficulties and realestate
assets mainly coming from foreclosed assets, originated from both, residential mortgages, as well as
loans to developers. On November 29, 2017, BBVA Group signed an agreement with Cerberus Capital
Management, L.P. (Cerberus) for the creation of a joint venture in which the real-estate business area of BBVA
in Spain would be transferred. At a later stage, 80% of this entity would be sold to a subsidiary of Cerberus. On October 10, 2018, the stated operation was closed, even though the effective transfer of some real-estate
owned assets (“REOs”) are subject to the fulfillment of certain conditions and in the meanwhile, BBVA will
continue to manage those assets. With respect to the explanations of the quarterly report, the figures of Non
Core Real Estate are disclosed continuously with prior periods.


United States

The United States includes the Group’s business activity in the country through the BBVA Compass group and the BBVA New York branch.



Turkey includes the activity of the Garanti Group.


Mexico basically includes all the banking and insurance businesses carried out by the Group in the country. Since 2018 it has also included the BBVA Bancomer branch in Houston (in previous years located in the United States). Consequently, the figures from previous years have been reworked to incorporate this change and show comparable series.


South America

South America basically includes BBVA’s banking and insurance businesses in the region. On July 6, 2018, the
sale of BBVA Chile to The Bank of Nova Scotia (Scotiabank) was completed which affects the comparability of
the results, the balance sheet, the activity and the most significant ratios of this business area with prior periods.



The rest of Eurasia includes includes the Group’s retail and wholesale business activity in the rest of Europe and Asia.


Corporate Center

The Corporate Center is an aggregate that contains the rest of the items that have not been allocated to the
business areas, as it corresponds to the Group’s holding function. It includes: the costs of the head offices that have a corporate function; management of structural exchange-rate positions; specific issues of equity instruments to ensure adequate management of the Group’s global solvency; portfolios and their corresponding results, whose management is not linked to customer relations, such as industrial holdings; certain tax assets and liabilities; funds due to commitments with employees; goodwill and other intangibles.


Corporate & Investment Banking

In addition to this geographical breakdown, supplementary information is provided for all the wholesale businesses carried out by BBVA, Corporate & Investment Banking (CIB). This aggregate business is considered relevant to better understand the Group because of the characteristics of the customers served, the type of products offered and the risks assumed.





Updated page 30 October 2018

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