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January - September 2012

Net attributable profit

The net attributable profit for the quarter was €146m, while the cumulative figure through September stands at €1,656m. Excluding the charge for the impairment on the assets related to the real estate sector in Spain and the badwill generated by the incorporation of Unnim, the adjusted net attributable profit amounts to €971m over the quarter, with a year to date figure of €3,345m. To sum up, the BBVA Group continues to generate sound earnings despite the difficult environment.

By business areas, Spain posted a €532m loss. Excluding the charge for the impairment of real estate assets, the area generated cumulative adjusted earnings through September of €848m. Eurasia generated €813m, Mexico €1,300m, South America €1,014m and the United States €341m.

Finally, earnings per share (EPS) between January and September 2012 were €0.32 (€0.63 adjusted EPS); return on total average assets (ROA) 0.46% (0.83% adjusted); return on equity (ROE) 5.3% (10.7% adjusted); and return on equity excluding goodwill (ROTE) 6.7% (13.5% adjusted).

Loan-loss and real estate provisions (1)

(Million euros)

(1) Includes total loan-loss provisions, and foreclosed and/or asset purchases in Spain. (2) Includes loan-loss provisions and provisions related to foreclosed and asset purchases within the scope of the Royal Decree-Laws 02/2012 and 18/2012 (RD).

Earnings per share (1)

(Euros)

(1) Adjusted.

ROA (1)

(Percentage)

(1) Adjusted.

ROE (1) and ROTE (1)

(Percentage)

(1) Adjusted.
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