Balance sheet and business activity

BBVA Group's activity is continuing the trend of previous periods. The key factors behind the balance sheet and activity figures in the first half of 2017 are summarized below:

  • Geographic disparity of loans and advances to customers (gross). At the same time as an increase in volumes in emerging geographic areas, there has been deleveraging in Spain, although the rate of decline is steadily falling, largely due to the good performance of new production. In the United States there has been a decline in lending activity this year, following the area's strategy for selective growth in the more profitable portfolios.
  • Non-performing loans have again declined, mainly due to decreases in Spain, the United States and Turkey.
  • In customer deposits, increase across the board in the lower-cost items such as current and savings accounts, and a decline in time deposits.
  • Off-balance-sheet funds have continued to increase, and are still strongly focused on mutual funds and investment companies.

Consolidated balance sheet (Million euros)

30-06-17 ∆% 31-12-16 30-06-16
Cash, cash balances at central banks and other demand deposits 34,720 (13.3) 40,039 25,127
Financial assets held for trading 68,885 (8.1) 74,950 84,532
Other financial assets designated at fair value through profit or loss 2.230 8.2 2,062 2,148
Available-for-sale financial assets 74,666 (5.8) 79,221 90,638
Loans and receivables 458,494 (1.6) 465,977 470,543
Loans and advances to central banks and credit institutions 38,079 (5.4) 40,268 43,603
Loans and advances to customers 409,087 (1.3) 414,500 415,872
Debt securities 11,328 1.1 11,209 11,068
Held-to-maturity investments 14,531 (17.9) 17,696 19,295
Investments in subsidiaries, joint ventures and associates 1,142 49.3 765 1,131
Tangible assets 8,211 (8.2) 8,941 9,617
Intangible assets 9,047 (7.6) 9,786 9,936
Other assets 30,504 (5.9) 32,418 33,072
Total assets 702,429 (4.0) 731,856 746,040
Financial liabilities held for trading 49,532 (9.4) 54,675 58,753
Other financial liabilities designated at fair value through profit or loss 2,437 4.2 2,338 2,501
Financial liabilities at amortized cost 566,021 (3.9) 589,210 597,745
Deposits from central banks and credit institutions 89,002 (9.4) 98,241 101,827
Deposits from customers 394,626 (1.7) 401,465 406,284
Debt certificates 69,513 (9.0) 76,375 75,498
Other financial liabilities 12,880 (1.9) 13,129 14,137
Liabilities under insurance contracts 9,846 7.7 9,139 9,335
Other liabilities 19,866 (5.7) 21,066 21,744
Total liabilities 647,702 (4.2) 676,428 690,078
Non-controlling interests 6,895 (14.5) 8,064 8,527
Accumulated other comprehensive income (6,991) 28.1 (5,458) (4,327)
Shareholders’ funds 54,823 3.8 52,821 51,761
Total equity 54,727 (1.3) 55,428 55,962
Total equity and liabilities 702,429 (4.0) 731,856 746,040
Memorandum item:
Guarantees given 47,060 (6.9) 50,540 50,127

Loans and advances to customers (gross)
(Billion euros)

(1) At constant exchange rates: +1.0%.

Customer funds
(Billion euros)


(1) At constant exchange rates: +1.8%.

Loans and advances to customers
(Million euros)

30-06-17 ∆% 31-12-16 30-06-16
Public sector 27,135 (1.3) 27,506 30,523
Individuals 169,948 (1.5) 172,476 173,240
Mortgages 118,589 (3.1) 122,439 123,831
Consumer 36,570 3.9 35,195 34,593
Credit cards 14,789 (0.4) 14,842 14,816
Business 186,203 (1.9) 189,733 186,743
Business retail 20,146 (17.2) 24,343 24,059
Other business 166,057 0.4 165,391 162,684
Other loans 19,388 8.7 17,844 18,550
Non-performing loans 21,730 (5.2) 22,915 24,212
Loans and advances to
customers (gross)
424,405 (1.4) 430,474 433,268
Loan-loss provisions (15,318) (4.1) (15,974) (17,396)
Loans and advances to
customers
409,087 (1.3) 414,500 415,872
Memorandum item:
Secured loans 197,795 (2.0) 201,772 202,778

Customer funds
(Million euros)

30-06-17 Δ% 31-12-16 30-06-16
Deposits from customers 394,626 (1.7) 401,465 406,284
Demand deposits 239,561 3.4 231,638 219,675
Time deposits 130,752 (9.5) 144,407 154,886
Assets sold under repurchase agreement 11,858 7.3 11,056 16,701
Other deposits 12,455 (13.3) 14,364 15,021
Other customer funds 137,044 3.7 132,092 130,177
Mutual funds and investment companies 59,905 8.8 55,037 53,487
Pension funds 33,412 (0.0) 33,418 32,033
Other off-balance sheet funds 3,217 13.6 2,831 3,370
Customer portfolios 40,510 (0.7) 40,805 41,287
Total customer funds 531,670 (0.4) 533,557 536,460