The United States

Selective growth of lending and improvement in mix activity

BBVA Compass business activity

(Year-on-year rate as at 31-12-12)

45 Net interest income (Million euros at constant exchange rate)	Gross income (Million euros at constant exchange rate)	Operating income (Million euros at constant exchange rate)

Positive evolution of the asset quality

46 Loan-loss provisions (Million euros at constant exchange rate)	NPA and coverage ratios (Percentage)

In short, a business transformation reflected in the area’s profit

47 Net attributable profit

(Million euros at constant exchange rate)

Note: December 2011 excludes goodwill impairment.

Income statement

(Million euros at constant exchange rate)

	Accumulated	Year-on-year change 2012-2011
	2012	Absolute	Percentage
Net interest income	1,682	– 82	–4.7
Gross income	2,395	– 104	–4.2
Operating income	812	– 76	–8.6
Income before tax	667	+1,779	n.s.
Net attributable profit	475	+1,229	n.s.