As of 31-Dec-2012, customer funds totaled €452 billion, an increase of 6.0% year-on-year.
Customer funds
(Million euros)
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31-12-12 | ∆% | 31-12-11 | 31-12-10 |
|---|---|---|---|---|
| Deposits from customers | 292,716 | 3.7 | 282,173 | 275,789 |
| Domestic sector | 141,169 | 3.4 | 136,519 | 133,629 |
| Public sector | 21,807 | (22.9) | 28,302 | 17,412 |
| Other domestic sectors | 119,362 | 10.3 | 108,217 | 116,217 |
| Current and savings accounts | 48,208 | 9.0 | 44,215 | 43,225 |
| Time deposits | 61,973 | 26.2 | 49,105 | 49,160 |
| Assets sold under repurchase agreement and other | 9,181 | (38.4) | 14,897 | 23,832 |
| Non-domestic sector | 151,547 | 4.0 | 145,655 | 142,159 |
| Current and savings accounts | 98,169 | 15.2 | 85,204 | 74,681 |
| Time deposits | 48,691 | (8.8) | 53,399 | 61,626 |
| Assets sold under repurchase agreement and other | 4,688 | (33.5) | 7,051 | 5,852 |
| Other customer funds | 159,285 | 10.4 | 144,291 | 146,188 |
| Mutual funds | 41,371 | 5.3 | 39,294 | 41,991 |
| Pension funds | 89,776 | 14.1 | 78,648 | 78,763 |
| Customer portfolios | 28,138 | 6.8 | 26,349 | 25,434 |
| Total customer funds | 452,001 | 6.0 | 426,464 | 421,977 |
21 BBVA Group. Customer funds
(Billion euros)
The most relevant aspect is the positive performance of on-balance-sheet customer funds, i.e. customer deposits plus promissory notes, in practically all geographical areas where BBVA operates, and above all from the retail segment.
As of 31-Dec-2012, BBVA managed a volume of €298 billion in customer deposits, excluding promissory notes, which means growth of 3.7% year-on-year. These balances have grown each quarter of 2012 in both the domestic and non-domestic sectors, fueled by the strong performance in the typical headings of the retail segment, i.e. current and saving accounts and time deposits. Consequently, and despite the difficult economic environment, BBVA continues to demonstrate its great capacity to gather customer funds thanks to the high capillarity of its commercial network.
22 BBVA Group. On-balance-sheet customer funds. Other domestic sectors (1)
(Billion euros)
Off-balance-sheet customer funds stood at €159 billion at the end of December, up 10.4% year-on-year.
Other customer funds
(Million euros)
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31-12-12 | ∆% | 31-12-11 | 31-12-10 |
|---|---|---|---|---|
| Spain | 51,915 | 3.0 | 50,399 | 52,482 |
| Mutual funds | 19,116 | (2.5) | 19,598 | 22,316 |
| Pension funds | 18,313 | 6.3 | 17,224 | 16,811 |
| Individual pension plans | 10,582 | 6.6 | 9,930 | 9,647 |
| Corporate pension funds | 7,731 | 6.0 | 7,294 | 7,164 |
| Customer portfolios | 14,486 | 6.7 | 13,578 | 13,355 |
| Rest of the world | 107,370 | 14.4 | 93,892 | 93,707 |
| Mutual funds and investment companies | 22,255 | 13.0 | 19,697 | 19,675 |
| Pension funds | 71,463 | 16.3 | 61,424 | 61,952 |
| Customer portfolios | 13,652 | 6.9 | 12,771 | 12,080 |
| Other customer funds | 159,285 | 10.4 | 144,291 | 146,188 |
23 BBVA Group. Other customer funds
(Billion euros)
In Spain, BBVA still holds the leading position in assets under management, in both pension and mutual funds. In pension funds, its market share stands at 19.9%, according to the latest information available as of December 2012. Its market share in mutual funds stands at 17.4%, according to December data, i.e. 42 basis points above the figure on the same date in 2011.
In the non-domestic sector, there continue to be widespread increases in assets under management in funds and customer portfolios.