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January-September 2013

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The United States

The United States highlights in the third quarter

  • Increased lending activity in an environment of low rates.
  • Cost control and new reduction of impairment losses on financial assets.
  • Excellent quality of risk indicators.
  • BBVA Compass launches a new on-line banking system, more flexible and with more options.
Income statement

(Million euros)

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The United States

Jan.-Sep. 13 Δ % Δ % (1) Jan.-Sep. 12
Net interest income 1,056 (10.5) (7.9) 1,179
Net fees and commissions 424 (4.8) (2.0) 445
Net trading income 119 4.1 7.1 114
Other income/expenses 5 n.m. n.m. (36)
Gross income 1,603 (5.8) (3.1) 1,702
Operating costs (1,100) (2.4) 0.4 (1,127)
Personnel expenses (610) (5.2) (2.5) (644)
General and administrative expenses (355) 1.1 3.9 (352)
Depreciation and amortization (135) 2.7 5.6 (131)
Operating income 503 (12.6) (10.1) 575
Impairment on financial assets (net) (68) (8.4) (5.7) (74)
Provisions (net) and other gains (losses) 0 n.m. n.m. (40)
Income before taxes 435 (5.5) (2.8) 461
Income taxes (121) (15.6) (13.2) (144)
Net incomes 314 (1.0) 1.9 317
Non-controlling interests - - - -
Net attributable profit 314 (1.0) 1.8 317
(1) At constant exchange rate.
Balance sheet

(Million euros)

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The United States

30-09-13 Δ % Δ % (1) 30-09-12
Cash and balances with central banks 2,619 (42.0) (39.4) 4,514
Financial assets 7,395 (6.5) (2.3) 7,905
Loans and receivables 39,744 0.2 4.6 39,679
Loans and advances to customers 37,297 (0.6) 3.8 37,525
Loans and advances to credit institutions and other 2,446 13.5 18.6 2,155
Inter-area positions - - - -
Tangible assets 721 (7.1) (2.9) 776
Other assets 2,188 10.0 14.9 1,989
Total assets/Liabilities and equity 52,667 (4.0) 0.3 54,864
Deposits from central banks and credit institutions 5,153 (33.7) (30.7) 7,770
Deposits from customers 38,170 (0.5) 3.9 38,373
Debt certificates - - - -
Subordinated liabilities 681 (23.7) (20.3) 892
Inter-area positions 1,326 110.3 119.7 631
Financial liabilities held for trading 231 (47.5) (45.1) 441
Other liabilities 4,674 15.5 20.7 4,045
Economic capital allocated 2,430 (10.4) (6.4) 2,711
(1) At constant exchange rate.
Relevant business indicators

(Million euros and percentage)

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The United States

30-09-13 31-12-12 30-09-12
Performing loans (1) 39,219 36,646 37,144
Customer deposits under management (1-2) 37,626 36,852 35,551
Mutual funds - - -
Pension funds - - -
Efficiency ratio (%) 68.6 67.1 66.2
NPA ratio (%) 1.5 2.4 2.4
NPA coverage ratio (%) 120 90 94
Risk premium (%) 0.24 0.19 0.25
(1) Figures at constant exchange rate. (2) Excludes repos.

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