Balance sheet and business activity

The most relevant aspects related to the evolution of the Group's balance sheet and business activity as of December 31, 2022 are summarized below:

  • Loans and advances to customers grew by 12.3% compared to the end of December 2021, strongly favored by the evolution of business loans (+18.8%) in all business areas and, to a lesser extent, by the performance of retail loans (+7.5% at Group level), in particular, in Mexico and Turkey, supported by the good performance of consumer loans as well as credit cards (+21.7% overall at Group level) and, to a lesser extent, mortgage loans (+0.8% at Group level) due to the positive evolution in Mexico.
  • Customer funds increased by 9.5% compared to the end of December 2021, thanks to the good performance of customer deposits, which increased in all geographical areas, with increase in both demand deposits and time deposits. For its part, off-balance sheet funds increased by 2.0% in the year 2022, with the most notable growth in mutual funds in Mexico and Turkey.

CONSOLIDATED BALANCE SHEET (MILLIONS OF EUROS)

31-12-22 ∆% 31-12-21
Cash, cash balances at central banks and other demand deposits 79,756 17.6 67,799
Financial assets held for trading 110,671 (10.4) 123,493
Non-trading financial assets mandatorily at fair value through profit or loss 6,888 13.2 6,086
Financial assets designated at fair value through profit or loss 913 (16.4) 1,092
Financial assets at fair value through accumulated other comprehensive income 58,980 (2.4) 60,421
Financial assets at amortized cost 422,061 13.3 372,676
Loans and advances to central banks and credit institutions 20,431 7.8 18,957
Loans and advances to customers 358,023 12.3 318,939
Debt securities 43,606 25.4 34,781
Investments in subsidiaries, joint ventures and associates 916 1.7 900
Tangible assets 8,737 19.7 7,298
Intangible assets 2,156 (1.9) 2,197
Other assets 22,062 5.4 20,923
Total assets 713,140 7.6 662,885
Financial liabilities held for trading 95,611 4.9 91,135
Other financial liabilities designated at fair value through profit or loss 10,580 9.3 9,683
Financial liabilities at amortized cost 528,629 8.3 487,893
Deposits from central banks and credit institutions 65,258 (2.9) 67,185
Deposits from customers 393,856 12.6 349,761
Debt certificates 55,429 (0.6) 55,763
Other financial liabilities 14,086 (7.2) 15,183
Liabilities under insurance and reinsurance contracts 11,848 9.0 10,865
Other liabilities 15,858 9.0 14,549
Total liabilities 662,526 7.9 614,125
Non-controlling interests 3,624 (25.3) 4,853
Accumulated other comprehensive income (17,432) 5.8 (16,476)
Shareholders’ funds 64,422 6.7 60,383
Total equity 50,615 3.8 48,760
Total liabilities and equity 713,140 7.6 662,885
Memorandum item:
Guarantees given 55,182 20.1 45,956

LOANS AND ADVANCES TO CUSTOMERS (MILLIONS OF EUROS)

31-12-22 ∆% 31-12-21
Public sector 20,884 6.2 19,656
Individuals 157,432 7.5 146,433
Mortgages 92,064 0.8 91,324
Consumer 36,116 16.4 31,026
Credit cards 17,382 34.4 12,936
Other loans 11,870 6.5 11,146
Business 177,451 18.8 149,309
Non-performing loans 13,493 (7.9) 14,657
Loans and advances to customers (gross) 369,260 11.9 330,055
Allowances (1) (11,237) 1.1 (11,116)
Loans and advances to customers 358,023 12.3 318,939
  • (1) Allowances include valuation adjustments for credit risk throughout the expected residual life in those financial instruments that have been acquired (mainly originating from the acquisition of Catalunya Banc, S.A.). As of December 31, 2022 and December 31, 2021, the remaining amount was €190m and €266m, respectively.

LOANS AND ADVANCES TO CUSTOMERS
(BILLIONS OF EUROS)

General Note: 2020 excludes BBVA USA and the rest of companies in the United States sold to PNC on June 1, 2021 and BBVA Paraguay.

(1) At constant exchange rates: +12.8%.

CUSTOMER FUNDS
(BILLIONS OF EUROS)



General Note: 2020 excludes BBVA USA and the rest of companies in the United States sold to PNC on June 1, 2021 and BBVA Paraguay.

(1) At constant exchange rates: +9.7%.

CUSTOMER FUNDS (MILLIONS OF EUROS)

31-12-22 ∆% 31-12-21
Deposits from customers 393,856 12.6 349,761
Current accounts 316,082 7.9 293,015
Time deposits 75,098 36.4 55,059
Other deposits 2,676 58.6 1,687
Other customer funds 150,172 2.0 147,192
Mutual funds and investment companies and customer portfolios(1) 108,936 2.5 106,235
Pension funds 38,653 (0.3) 38,763
Other off-balance sheet funds 2,582 17.7 2,195
Total customer funds 544,028 9.5 496,954
  • (1) Includes the customer portfolios in Spain, Mexico, Colombia and Peru.