Business Areas
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Banking activity in Spain
Real-estate activity in Spain
The United States
Eurasia
Mexico
South America
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Banking activity in Spain
Highlights in 2013
- Management in a complex environment.
- Increases in market share of lending and customer funds.
- Risk indicators reflect impact of classifying refinanced loans and deleveraging.
- Reinsurance agreement on the individual life and accident insurance portfolio.
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Real-estate activity in Spain
Highlights in 2013
- The improved economic climate has started to be reflected in the stabilization of sales and prices in the sector.
- Another reduction in BBVA’s net exposure to the real-estate sector.
- Increased rate of growth in sales of real-estate assets.
- Limited risks, but affected by refinanced assets.
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The United States
Highlights in 2013
- Growth of lending, particularly in the commercial and residential real-estate portfolios.
- Increase of lower-cost customer funds.
- Revenue significantly affected by the current interest-rate environment.
- Costs in check.
- Another improvement in risks indicators.
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Eurasia
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.
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México
Highlights in 2013
- Buoyant activity transferred to revenues.
- Good management of customer spreads.
- BBVA Bancomer, one of the most efficient banks in the Mexican financial system.
- Stability in risk indicators.
- Sale of Afore Bancomer.
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South America
Highlights in 2013
- Positive performance of activity, both in lending and customer funds, in almost every country in the region.
- Maintenance of spreads.
- Favourable performance of revenue.
- Stability of risk indicators.
- Sale of the pension business and BBVA Panama.
