Mexico highlights in the second quarter
- Growth in lending, mainly in SMEs and credit cards.
- More profitable customer funds, with a favorable performance of those of lower-cost.
- Resilient recurring revenue.
- BBVA Bancomer, sponsor of the Mexican Soccer League.
Income statement
(Million euros)
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|
|
Mexico | |||
|---|---|---|---|---|
|
|
1H13 | Δ % | Δ % (1) | 1H12 |
| Net interest income | 2,228 | 10.3 | 5.8 | 2,021 |
| Net fees and commissions | 582 | 10.8 | 6.3 | 525 |
| Net trading income | 114 | 11.1 | 6.6 | 102 |
| Other income/expenses | 177 | 34.7 | 29.3 | 131 |
| Gross income | 3,100 | 11.6 | 7.1 | 2,779 |
| Operating costs | (1,177) | 11.5 | 7.0 | (1,056) |
| Personnel expenses | (505) | 12.8 | 8.2 | (448) |
| General and administrative expenses | (592) | 8.4 | 4.0 | (546) |
| Depreciation and amortization | (81) | 30.2 | 24.9 | (62) |
| Operating income | 1,923 | 11.6 | 7.1 | 1,723 |
| Impairment on financial assets (net) | (727) | 18.0 | 13.3 | (616) |
| Provisions (net) and other gains (losses) | (31) | 26.0 | 21.0 | (25) |
| Income before tax | 1,164 | 7.6 | 3.3 | 1,082 |
| Income tax | (288) | 11.0 | 6.5 | (260) |
| Net income | 876 | 6.5 | 2.3 | 822 |
| Non-controlling interests | (0) | 1.1 | (3.0) | (0) |
| Net attributable profit | 876 | 6.5 | 2.3 | 822 |
Balance sheet
(Million euros)
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|
|
Mexico | |||
|---|---|---|---|---|
|
|
30-06-13 | Δ % | Δ % (1) | 30-06-12 |
| Cash and balances with central banks | 5,324 | 1.1 | 2.1 | 5,266 |
| Financial assets | 28,096 | (5.4) | (4.4) | 29,688 |
| Loans and receivables | 43,832 | 7.3 | 8.4 | 40,835 |
| Loans and advances to customers | 38,563 | 5.6 | 6.6 | 36,520 |
| Loans and advances to credit institutions and other | 5,269 | 22.1 | 23.3 | 4,315 |
| Tangible assets | 1,252 | 13.1 | 14.3 | 1,107 |
| Other assets | 4,188 | 76.9 | 78.6 | 2,368 |
| Total assets/Liabilities and equity | 82,692 | 4.3 | 5.4 | 79,262 |
| Deposits from central banks and credit institutions | 9,581 | (24.7) | (23.9) | 12,717 |
| Deposits from customers | 40,360 | 10.9 | 12.0 | 36,385 |
| Debt certificates | 4,140 | (1.9) | (0.9) | 4,219 |
| Subordinated liabilities | 4,113 | 56.8 | 58.3 | 2,623 |
| Financial liabilities held for trading | 6,716 | (1.0) | (0.1) | 6,787 |
| Other liabilities | 13,186 | 10.5 | 11.6 | 11,935 |
| Economic capital allocated | 4,595 | (0.0) | 1.0 | 4,596 |
Relevant business indicators
(Million euros and percentage)
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|
|
Mexico | ||
|---|---|---|---|
|
|
30-06-13 | 31-12-12 | 30-06-12 |
| Performing loans (1) | 38,579 | 37,349 | 35,735 |
| Customer deposits under management (1-2) | 42,329 | 40,743 | 39,579 |
| Mutual funds | 17,958 | 17,492 | 17,435 |
| Pension funds | - | - | - |
| Efficiency ratio (%) | 38.0 | 37.6 | 38.0 |
| NPA ratio (%) | 4.0 | 3.8 | 4.0 |
| NPA coverage ratio (%) | 109 | 114 | 111 |
| Risk premium (%) | 3.62 | 3.48 | 3.38 |