Balance sheet and business activity
During the first nine months of 2026, loans and advances to customers increased by 14.6%, driven for another quarter by the dynamism of the wholesale segment. Within this segment, the increased volume of business loans stands out, growing by 19.9% at the Group level. For their part, loans to individuals increased by 6.8%, with a favorable evolution across all products. All business areas showed higher lending activity, with Rest of Business standing out once again.
Customer funds registered an increase of 7.7% year-to-date, with standout growth in time deposits (+20.7%, mainly in Rest Of Business) and mutual funds (+8.3%) at the Group level.
The other assets/other liabilities figure includes, at the end of September 2026, the assets and liabilities of Garanti Bank SA., Motoractive IFN SA., and Motoractive Multiservices, SRL, which have been classified as non-current assets and liabilities held for sale (NCA&L) on the BBVA Group's consolidated balance sheet, following the announcement of the sale agreement with Raiffeisen Bank - the Romanian subsidiary of the Austrian bank Raiffeisen Bank International AG (RBI) - to sell 100% of its subsidiary in Romania. Therefore, the loans and advances to customers and deposits from customers in the Group's tables and charts presented here, unless expressly stated otherwise, exclude those corresponding to the subsidiaries covered by the sale agreement in Romania.
| CONSOLIDATED BALANCE SHEET (MILLIONS OF EUROS) | |||
|---|---|---|---|
| 30-09-26 | 𝚫 % | 31-12-25 | |
| Cash, cash balances at central banks and other demand deposits | 62,933 | 7.0 | 58,837 |
| Financial assets held for trading | 154,537 | 25.5 | 123,185 |
| Non-trading financial assets mandatorily at fair value through profit or loss | 13,504 | 19.8 | 11,272 |
| Financial assets designated at fair value through profit or loss | 831 | (17.5) | 1,006 |
| Financial assets at fair value through accumulated other comprehensive income | 59,741 | 1.6 | 58,809 |
| Financial assets at amortized cost | 651,701 | 14.6 | 568,893 |
| Loans and advances to central banks and credit institutions | 45,015 | 28.2 | 35,113 |
| Loans and advances to customers | 527,455 | 14.6 | 460,401 |
| Debt securities | 79,232 | 8.0 | 73,379 |
| Investments in joint ventures and associates | 981 | (1.2) | 994 |
| Tangible assets | 9,763 | 3.0 | 9,482 |
| Intangible assets | 3,203 | 12.1 | 2,856 |
| Other assets | 28,999 | 19.6 | 24,243 |
| Total assets | 986,191 | 14.7 | 859,576 |
| Financial liabilities held for trading | 126,627 | 37.8 | 91,917 |
| Other financial liabilities designated at fair value through profit or loss | 21,567 | 17.1 | 18,417 |
| Financial liabilities at amortized cost | 739,518 | 12.3 | 658,599 |
| Deposits from central banks and credit institutions | 66,078 | 22.4 | 53,997 |
| Deposits from customers | 539,563 | 7.4 | 502,501 |
| Debt certificates issued | 110,874 | 35.5 | 81,842 |
| Other financial liabilities | 23,001 | 13.5 | 20,258 |
| Liabilities under insurance and reinsurance contracts | 13,084 | 2.5 | 12,760 |
| Other liabilities | 22,827 | 41.9 | 16,084 |
| Total liabilities | 923,623 | 15.8 | 797,778 |
| Non-controlling interests | 4,994 | 12.4 | 4,441 |
| Accumulated other comprehensive income | (17,686) | (6.3) | (18,871) |
| Shareholders’ funds | 75,260 | (1.3) | 76,228 |
| Total equity | 62,568 | 1.2 | 61,798 |
| Total liabilities and equity | 986,191 | 14.7 | 859,576 |
| Memorandum item: | |||
| Guarantees given | 84,500 | 14.2 | 74,022 |
| LOANS AND ADVANCES TO CUSTOMERS (MILLIONS OF EUROS) | |||
|---|---|---|---|
| 30-09-26 | 𝚫 % | 31-12-25 | |
| Public sector | 31,691 | 22.3 | 25,905 |
| Individuals | 205,543 | 6.8 | 192,524 |
| Mortgages | 103,280 | 3.7 | 99,606 |
| Consumer | 56,425 | 8.7 | 51,912 |
| Credit cards | 32,317 | 12.4 | 28,753 |
| Other loans | 13,522 | 10.4 | 12,253 |
| Business | 287,708 | 19.9 | 239,922 |
| Non-performing loans | 15,826 | 10.3 | 14,346 |
| Loans and advances to customers (gross) | 540,767 | 14.4 | 472,697 |
| Allowances (1) | (13,313) | 8.3 | (12,297) |
| Loans and advances to customers | 527,455 | 14.6 | 460,401 |
| (1) Allowances include valuation adjustments for credit risk throughout the expected residual life in those financial instruments that have been acquired (mainly originating from the acquisition of Catalunya Banc, S.A.). As of September 30, 2026 and December 31, 2025 the remaining amount was €29m and €76m, respectively. | |||
LOANS AND ADVANCES TO CUSTOMERS
(BILLIONS OF EUROS)
(1) At constant exchange rates: +14.0%.
CUSTOMER FUNDS
(BILLIONS OF EUROS)
(1) At constant exchange rates: +7.5%.
| CUSTOMER FUNDS (MILLIONS OF EUROS) | |||
|---|---|---|---|
| 30-09-26 | 𝚫 % | 31-12-25 | |
| Deposits from customers | 539,563 | 7.4 | 502,501 |
| Current accounts | 364,428 | 1.0 | 360,682 |
| Time deposits | 153,181 | 20.7 | 126,938 |
| Other deposits (1) | 21,955 | 47.5 | 14,881 |
| Other customer funds | 243,178 | 8.4 | 224,365 |
| Mutual funds and investment companies and customer portfolios (2) | 198,459 | 8.3 | 183,183 |
| Pension funds | 36,518 | 6.4 | 34,306 |
| Other off-balance sheet funds | 8,200 | 19.3 | 6,876 |
| Total customer funds | 782,741 | 7.7 | 726,866 |
| (1) The variation in this line item is primarily due to the increase in reverse repos during the period. (2) Includes the customer portfolios in Spain, Mexico, Peru and Colombia (preliminary data as of 30-09-2026). |
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