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BBVA in 2013

Eurasia

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Highlights in 2013

  • Customer lending at very similar levels to those reported at the end of 2012.
  • Excellent performance of customer funds, both retail and wholesale.
  • In Turkey, impacts stemming from the depreciation of the Turkish lira and interest-rate movements.
  • Slight deterioration of the risk indicators.
  • Signing of a new agreement with the CITIC group.

Solid contribution despite environment

Income statement (1)

(Million euros)

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Eurasia

2013 Δ% Δ%(2) 2012 2011
Net interest income 911 7.0 14.7 851 806
Net fees and commissions 391 (13.4) (10.1) 451 391
Net trading income 194 47.8 54.2 131 114
Other income/expenses 225 (2.7) (1.8) 232 156
Gross income 1,721 3.4 8.6 1,665 1,467
Operating expenses (733) (5.8) (1.4) (779) (646)
Personnel expenses (381) (5.8) (1.5) (404) (348)
General and administrative expenses (301) (5.8) (1.5) (320) (254)
Depreciation and amortization (51) (6.7) (0.3) (54) (44)
Operating income 987 11.4 17.5 886 821
Impairment on financial assets (net) (330) 0.5 3.8 (328) (111)
Provisions (net) and other gains (losses) (65) 31.5 33.1 (49) 13
Income before tax 593 16.6 25.0 508 722
Income tax (139) 32.6 41.9 (105) (159)
Net income 454 12.4 20.7 404 563
Non-controlling interests - - - - -
Net attributable profit 454 12.4 20.7 404 563
(1) Pro forma financial statements with Garanti Group accounted for by the proportional consolidation method, without early application of the IFRS 10, 11 and 12.
(2) At constant exchange rates.
Balance sheet (1)

(Million euros)

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Eurasia

31-12-13 Δ% Δ%(2) 31-12-12 31-12-11
Cash and balances with central banks 2,596 10.6 33.2 2,346 1,340
Financial assets 7,085 (41.1) (36.2) 12,027 11,538
Loans and receivables 30,004 (6.5) 1.4 32,088 38,837
Loans and advances to customers 27,247 (6.8) 0.8 29,245 33,942
Loans and advances to credit institutions and others 2,757 (3.0) 7.6 2,843 4,895
Inter-area positions - - - - -
Tangible assets 273 (11.9) 2.5 309 605
Other assets 1,267 (18.5) (9.7) 1,554 1,120
Total assets/Liabilities and equity 41,223 (14.7) (7.0) 48,324 53,439
Deposits from central banks and credit institutions 9,725 (28.8) (23.8) 13,665 18,038
Deposits from customers 17,292 (1.0) 12.1 17,470 21,786
Debt certificates 1,201 24.6 56.3 964 818
Subordinated liabilities 575 (36.0) (35.8) 899 2,097
Inter-area positions 5,911 8.0 8.2 5,471 1,852
Financial liabilities held for trading 327 (21.1) (17.1) 414 401
Other liabilities 3,078 (36.3) (27.1) 4,835 4,160
Economic capital allocated 3,115 (32.4) (29.0) 4,607 4,288
1) Pro forma financial statements with Garanti Group accounted for by the proportional consolidation method, without early application of the IFRS 10, 11 and 12.
(2) At constant exchange rates.
Relevant business indicators

(Million euros and percentage)

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Eurasia

31-12-13 31-12-12 31-12-11
Performing loans (1) 27,505 27,256 32,452
Customer deposits under management (1-2) 16,475 14,626 18,899
Mutual funds 1,332 1,408 1,255
Pension funds 634 608 474
Efficiency ratio (%) 42.6 46.8 44.1
NPA ratio (%) 3.4 2.8 1.5
NPA coverage ratio (%) 87 87 118
Risk premium (%) 1.11 0.97 0.33
(1) At constant exchange rates.
(2) Excludes repos.
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