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• Executive summary
  • BBVA Group Highlights
  • Letter from the Chairman
  • BBVA in 2011
    • The business areas: Spain
    • The business areas: Eurasia
    • The business areas: Mexico
    • The business areas: South America
    • The business areas: The United States
    • Wholesale Banking & Asset Management ⁽¹⁾
  • 2012: Environment and positioning
    • Economic background
    • Positioning
  • The team
  • The brand
  • Corporate Responsibility
  • Corporate Governance System
    • BBVA Board of Directors
    • Committees of BBVA Board of Directors
• Group financial information
  • Earnings
    • Net interest income
    • Gross income
    • Operating income
    • Provisions and others
    • Net attributable profit
    • Economic profit and risk-adjusted return on economic capital
  • Balance sheet and business activity
    • Lending to customers
    • Customer funds
    • Other balance sheet items
  • Capital base
    • Ratings
  • The BBVA share
• Risk management
  • Global Risk Management
  • Integration of risks and overall risk profile
    • Integration of risks
    • Overall risk profile
  • Credit risk: Methodologies for credit risk quantification
    • Probability of default (PD)
    • Loss given default (LGD)
    • Exposure at default (EAD)
    • The portfolio model and concentration and diversification effects
  • Credit risk in 2011
    • Credit risk in the Spanish developer sector
    • Real estate assets
    • Expected losses
    • Concentration
    • Non-performing loans and risk premium
  • Structural risks
    • Structural interest-rate risk
    • Structural exchange-rate risk
    • Liquidity and funding risk
    • Structural risk in the equity portfolio
  • Risk in market areas
    • Market risk in market activities
    • Market risk in 2011
    • Credit risk in market activities
  • Operational risk
    • Operational Risk Management model
    • The Group’s operational risk profile
    • Operational risk capital
    • Reputational risk
  • Risk management in non-banking activities
    • Management model
    • Insurance
    • Asset Management
    • Pensions in the Americas
    • Real estate business risk
  • Management of ESG risks
    • Integration of ESG variables into risk management
• Business areas
  • Business areas
  • Spain
    • Definition of the area
    • Macroeconomic and sector context
    • Management priorities
    • Breakdown of results
  • Eurasia
    • Definition of the area
    • Macroeconomic environment
    • Management priorities
    • Breakdown of results
  • Mexico
    • Definition of the area
    • Macroeconomic environment
    • Management priorities
    • Breakdown of results
  • South America
    • Definition of the area
    • Macroeconomic context
    • Management priorities
    • Breakdown of results
  • The United States
    • Definition of the area
    • Macroeconomic context
    • Management priorities
    • Breakdown of results
  • Corporate Activities
    • Asset/Liability Management
    • Holdings in Industrial and Financial Companies
  • Other information: Wholesale Banking & Asset Management
    • Definition
    • Management priorities
    • Breakdown of results
• Supplementary information
  • Consolidated time series
  • BBVA Group branch network