January-March 2013


BBVA’s wholesale business performing loans amount to €52,239m, down 7.9% year-on-year, as a result of CIB’s strategy of selective growth in certain portfolios, giving priority to customer relations, cross-selling and price over volume. The 7.2% increase over the last three months is the result of a temporary increase in more volatile balances deriving from repo agreements and guarantees relating to markets operations in Spain. In other geographical areas, the most common trend is of a decline (Eurasia and United States) or stability in balances (Mexico and South America), as was the case in previous quarters.

On-balance sheet customer deposits (excluding repos) total €29,642m, down 11.7% year-on-year, but up 3.3% from December 2012 to March 2013. The upward trend in fund gathering seen since the end of the third quarter of 2012 has continued thanks to the greater number of deposits from the corporate customer segment.

This performance in lending and deposits has prompted a further improvement in the liquidity gap of the Bank’s wholesale businesses, through the sound management being carried out by CIB in this area.