BBVA reported results for the third quarter of 2016. Key highlights included:
- Attributable profit of €965 million, an increase of 23.1% compared to the third quarter of 2015 excluding corporate operations.
- Gross income increased 12.7% driven by growth in net interest income, fees and commissions, and trading income.
- Operating expenses grew 4.3% as the bank continued cost control efforts.
- Sound asset quality with the NPL ratio stable at 5.1% and cost of risk at 0.9%.
- Capital generation was strong with the CET1 ratio reaching 11.00%.
The BBVA Group’s net profit in 2015 came to €2.64 billion, slightly more than the previous year (up 0.9%). Without currency effects net attributable profit was up 4.4%. Excluding corporate operations in 2015, net income from ongoing operations was €3.75 billion, up 43.3% over 2014.
The BBVA Group’s net profit in 2015 came to €2.64 billion, slightly more than the previous year (up 0.9%). Without currency effects net attributable profit was up 4.4%. Excluding corporate operations in 2015, net income from ongoing operations was €3.75 billion, up 43.3% over 2014.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
3. October 27th 2016
32016 Third Quarter Results
This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an
invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must
be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such specific issue. No one
who becomes aware of the information contained in this report should regard it as definitive, because it is subject to changes and modifications.
This document contains or may contain forward looking statements (in the usual meaning and within the meaning of the US Private Securities Litigation Reform Act
of 1995) regarding intentions, expectations or projections of BBVA or of its management on the date thereof, that refer to or incorporate various assumptions and
projections, including projections about the future earnings of the business. The statements contained herein are based on our current projections, but the actual
results may be substantially modified in the future by various risks and other factors that may cause the results or final decisions to differ from such intentions,
projections or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political or government guidelines,
(2) domestic and international stock market movements, exchange rates and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in
the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could cause or result in actual events differing from
the information and intentions stated, projected or forecast in this document or in other past or future documents. BBVA does not undertake to publicly revise the
contents of this or any other document, either if the events are not as described herein, or if such events lead to changes in the information contained in this
document.
This document may contain summarised information or information that has not been audited, and its recipients are invited to consult the documentation and
public information filed by BBVA with stock market supervisory bodies, in particular, the prospectuses and periodical information filed with the Spanish Securities
Exchange Commission (CNMV) and the Annual Report on Form 20-F and information on Form 6-K that are filed with the US Securities and Exchange Commission.
Distribution of this document in other jurisdictions may be prohibited, and recipients into whose possession this document comes shall be solely responsible for
informing themselves about, and observing any such restrictions. By accepting this document you agree to be bound by the foregoing restrictions.
Disclaimer
4. October 27th 2016
42016 Third Quarter Results
3Q16 Highlights
Strong quarterly results, earnings resilience
Additional restructuring charges to gain efficiency offset by higher
NTI
Attributable Profit
965 €m (3Q16)
+23.1%
(3Q16 vs. 3Q15 ex. Corp. Ops., €)
Positive trend
in core revenues
continues
One-offs in the
quarter
Sound risk
profile
Strong capital
generation
+5.6%
vs 3Q15, constant €
-94 Mn€
Additional provisions
for further efficiencies
75 Mn€
CNCB disposal
NPL
ratio: 5.1%
Cost of risk:
0.9%
11.00%;
+29 bps
CET1 FL vs 2Q16
+37.4%
(3Q16 vs. 3Q15 ex. Corp. Ops., € constant)
5. October 27th 2016
52016 Third Quarter Results
% % constant
Net Interest Income 4,310 -4.0 5.5
Net Fees and Commissions 1,207 -1.5 6.1
Net Trading Income 577 n.s. n.s.
Other Income & Expenses 104 -21.4 -43.0
Gross Income 6,198 3.6 12.7
Operating Expenses -3,216 -2.7 4.3
Operating Income 2,982 11.5 23.3
Impairment on Financial Assets -1,004 -6.6 0.7
Provisions and Other Gains -262 -15.4 -13.5
Income Before Tax 1,716 33.1 52.8
Income Tax -465 58.4 n.s.
NI ex Corporate Operations 1,251 25.6 39.8
Corporate Operations Income 0 n.s. n.s.
Non-controlling Interest -286 35.0 48.5
Net Attributable Profit 965 n.s. n.s.
Net Attributable Profit (ex corporate operations) 965 23.1 37.4
BBVA Group (€m)
Change
3Q16/3Q153Q16
3Q16 Summary
Solid performance
CNCB capital gains (75 Mn€)
Cost control efforts
Lower RE impairments &
restructuring costs in Spain
Stable in low levels
6. October 27th 2016
62016 Third Quarter Results
Earnings Well-Diversified Footprint
Net Attributable Profit ex Corporate Operations
3Q16 vs. 3Q15 breakdown; (€m constant; %)
(*) Spain includes banking and Real Estate activities.
BBVA Group 975 +37.4%
Spain* 211 +50.1%
United States 120 +2.3%
Turkey 141 +91.5%
Mexico 486 +13.0%
South America 179 -7.4%
Rest of Eurasia 26 +11.8%
Corporate Centre ex Corp Op. -186 -30.3%
7. October 27th 2016
72016 Third Quarter Results
% % constant % % constant
Net Interest Income 12,674 5.5 18.1 -4.6 7.0
Net Fees and Commissions 3,557 3.3 12.5 -4.8 4.0
Net Trading Income 1,753 12.5 24.3 17.4 29.5
Other Income & Expenses 446 -14.8 -20.3 -18.9 -23.5
Gross Income 18,431 5.1 16.2 -3.3 7.1
Operating Expenses -9,549 5.8 14.8 -1.4 7.4
Operating Income 8,882 4.4 17.7 -5.3 6.9
Impairment on Financial Assets -3,114 -5.1 3.7 -10.9 -2.4
Provisions and Other Gains -661 -25.8 -21.8 -25.7 -21.7
Income Before Tax 5,107 17.8 38.2 2.2 19.5
Income Tax -1,385 24.9 53.4 11.4 35.8
NI ex Corporate Operations 3,722 15.4 33.2 -0.9 14.4
Corporate Operations Income 0 n.s. n.s. n.s. n.s.
Non-controlling Interest -925 n.s. n.s. 11.0 26.8
Net Attributable Profit 2,797 64.3 n.s. 54.7 98.1
Net Attributable Profit (ex corporate operations) 2,797 -0.6 15.0 -4.2 10.8
TOTAL GROUP WITH
LIKE-FOR-LIKE BASIS
BBVA Group (€m) 9M16
Change Change
9M16/9M15 9M16/9M15
9M16 Summary
Note: Garanti like-for-like basis considers the additional stake in Garanti accounted by the full consolidation method from 01/01/15 vs. 07/01/15 deal closing
SRF contribution
(122 Mn€ in 2Q16)
Solid performance
Reduction in Spain
Lower RE impairments
Ongoing cost control
efforts
Negative FX impact
8. October 27th 2016
82016 Third Quarter Results
Net Trading Income
Strong NTI in the quarter
112
431 338
825
590
3Q15 4Q15 1Q16 2Q16 3Q16
-28.4%
(€m constant)
Net Interest Income
Growth trend maintained
EARNINGS Gross Income
4,124 4,198 4,103 4,222 4,349
3Q15 4Q15 1Q16 2Q16 3Q16
+5.5%
+3.0%
(€m constant)
Supported by emerging markets
1,147 1,200 1,150 1,191 1,217
3Q15 4Q15 1Q16 2Q16 3Q16
+6.1%
+2.2%
(€m constant)
Supported by core revenues
5,547 5,804 5,728
6,452 6,250
3Q15 4Q15 1Q16 2Q16 3Q16
+12.7%
-3.1%
(€m constant)
Fees
Gross Income
VISA impact:
+225 €m CNCB disposal:
+75 €m
+n.s.
9. October 27th 2016
92016 Third Quarter Results
EARNINGS Operating Expenses
Group Operating Jaws
YTD (%); (€m constant)
Ongoing cost control efforts
Efficiency improvement
CX merger successfully completed in September
Additional efforts €94 Mn offset at the bottom-line with NTI gains in the quarter
Note: Garanti like-for-like basis considers the additional stake in Garanti accounted by the full consolidation method from 01/01/15 vs. 07/01/15 deal closing
7.7%
1.9% 4.5%
7.1%
9.3%
12.3%
9.0%
7.4%
12M15 3M16 6M16 9M16
Gross Income Costs
Illustrative Measures
SPAIN:
CX merger and 436
branches closed
100 additional branches will
be closed
Estimated -2,000 exits in the
year
Teller staffing optimization
Reengineering at Recoveries
and SMEs back office
US:
CIB business review:
streamlining organizational
structure
CORPORATE CENTRE:
IT efficiency: partnerships
and strategic
collaborations with Cisco,
Red Hat, Amazon Web
Services
Optimizing corporate
building resources
10. October 27th 2016
102016 Third Quarter Results
2,445
2,662 2,582
3,287
3,013
3Q15 4Q15 1Q16 2Q16 3Q16
EARNINGS Operating Income
(€m constant)
+23.3%
-8.3%
3Q16 vs. 3Q15 3Q16 vs. 3Q15
(€m constant)
(*) Spain includes banking and Real Estate activities.
Spain* -6.2%
United States +14.5%
Turkey +81.1%
Mexico +12.4%
South America +3.2%
Growth in all areas except Spain
11. October 27th 2016
112016 Third Quarter Results
5.6%
5.4%
5.3%
5.1% 5.1%
74% 74%
74% 74%
72%
65%
67%
69%
71%
73%
75%
77%
3Q15 4Q15 1Q16 2Q16 3Q16
NPL
Coverage
1,110 1,088 1,094 1,158 1,085
3Q15 4Q15 1Q16 2Q16 3Q16
RISK Sound Asset Quality
Financial Assets & RE Impairments
(€m constant)
-2.3%
Note: Garanti like-for-like basis considers the additional stake in Garanti accounted by the full consolidation method from 01/01/15 vs. 07/01/15 deal closing
NPLs
Stronger than expected evolution of risk indicators
Cost of risk
1.1% 1.1%
0.9% 0.9% 0.9%
3Q15 4Q15 1Q16 2Q16 3Q16
YTD (%)
NPL & Coverage ratio
(%)
26.4 26.0
25.5
24.8
24.3
3Q15 4Q15 1Q16 2Q16 3Q16
-2.1
(€bn)
-6.3%
-0.6
12. October 27th 2016
122016 Third Quarter Results
CAPITAL Strong Capital Ratios
European Peer Group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, RBS, SAN, SG, UBS, UCG. European Peer Group figures as of June.
*Others includes among others negative impact of downgrade in Turkey, market related impacts (FX and AFS portfolio) and capital allocation measures.
CET1 FL 11% target achieved before 2017
AT1 and T2 buckets already covered
CET1 fully-loaded
BBVA Group High quality capital
RWAs/ Total Assets
Leverage ratio
54%
31%
BBVA European Peer
Group Average
6.6%
4.5%
BBVA European Peer
Group Average
#1
#1
CET1 phased-in:
12.26%(%,bps)
10.71% 11.00%
+24
-8
+13
% CET1 FL
(Jun.16)
Net Earnings Dividends Others % CET1 FL
(Sep.16)
+29 bps
Includes -15bps
from Moody’s
downgrade of
Turkey
13. October 27th 2016
132016 Third Quarter Results
Growing our Digital Customer Base
Digital Customers*
BBVA Group
(Million, % penetration)
+20%
GROWTH
Mobile Customers*
BBVA Group
(Million, % penetration)
14.2
15.3
17.2
32%
34%
36%
Sep-15 Dec-15 Sep-16
+41%
GROWTH
7.8
8.9
11.0
17%
20%
23%
Sep-15 Dec-15 Sep-16
(*) Spain, Turkey, Argentina, Chile, Colombia, Venezuela, Paraguay and Uruguay data as of August 2016. Peru data as of July 2016.
14. October 27th 2016
142016 Third Quarter Results
Driving Digital Sales Across All Franchises
Digital Sales
(% of total sales YtD, # of transactions)
Spain
8.8
16.5
Dec-15 Sep-16
Mexico
7.3
15.4
Dec-15 Sep-16
South America*
9.0
15.0
Dec-15 Sep-16
USA
9.3
19.5
Dec-15 Sep-16
Turkey
23.4
25.2
Dec-15 Sep-16
(*) Uruguay’s September data not updated (August figures considered)
Note: Figures have been restated
15. October 27th 2016
152016 Third Quarter Results
PRODUCTS & FUNCIONALITIES
Customer Experience Improvement
Customer Experience
RELATIONSHIP MODEL
Remote Managers
(Mexico)
Mobile Appointment
(Turkey)
Step: Tablet-Based
Relationship Platform
(Turkey)
Online Feedback -
Opinator (Argentina)
Experiencia Única
Launch (Peru)
Mobile to Mobile
Transfer (Spain)
Digital Insurance Cross
Sell (Mexico)
Signature Express Loan
(USA)
Personal Financial and
Expense Manager
(Spain and Mexico)
External Account
Aggregation (USA)
Pricing Model - Cotiza
(Peru)
Mobile Notification
Online Banking (Turkey)
SME Simple Credit
Renovations (Mexico)
BBVA Valora (Spain)
17. October 27th 2016
172016 Third Quarter Results
82.2
6.7
13.2
24.5
20.4
20.4
3.8
sep-16
SPAIN BANKING ACTIVITY Highlights
P&L
• NII impacted by lower activity and lower ALCO
contribution
• Negative trend in fees and commissions
• Continuous cost control. Additional restructuring
charge in 3Q16 to improve efficiency (53 €m)
• Significant decrease in loan-loss provisions
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income 969 -5.0 -1.9 2,911 -2.9
Net Fees and Commissions 370 -9.5 -2.2 1,141 -6.4
Net Trading Income 223 60.1 -29.0 613 -24.6
Other Income & Expenses 115 6.5 n.s. 304 -13.7
Gross Income 1,677 0.0 -3.2 4,970 -7.7
Operating Expenses -910 -1.1 1.4 -2,710 6.6
Operating Income 767 1.4 -8.2 2,260 -20.5
Impairment on Financial Assets (net) -212 -30.0 -15.5 -721 -33.2
Provisions (net) and other gains
(losses)
-125 30.2 n.s. -212 -42.3
Income Before Tax 430 20.4 -22.5 1,327 -5.1
Income Tax -113 12.8 -33.2 -390 -4.6
Net Attributable Profit 317 23.8 -17.6 936 -5.2
Spain Banking Activity (€m) 3Q16 9M16
(1) Performing loans under management. (2) Includes mutual funds, pension funds and other off balance sheet funds.
Note: Activity excludes repos
Activity
• Growth in commercial not offsetting deleveraging in
mortgages and public sector
• Focus on profitable growth
Mortgages
Very small businesses
Consumer
Corporates
Other
Commercial
92.0
69.0
54.7
4.2
sep-16
Demand
Deposits
Off Balance
Sheet Funds2
Time
Deposits
YoY
-0.4%
€ bn
171.3
YoY
+3.6%
€ bn
219.9
-7.8%
+7.9%
+3.5%
+14.2%
-4.5%
+1.8%
-12.6%
+20.2%
-1.7%
YtD
+9.1%
Public Sector
-0.7%
YtD
+35.1%Others
Lending1 Cust. Funds
Others +4.8%
18. October 27th 2016
182016 Third Quarter Results
SPAIN BANKING ACTIVITY Key Ratios
Customer Spread
(%)
EfficiencyRisk Indicators
• Active price management in a low
interest rate environment
• Lending yield: Small Euribor
repricing pending
• Cost of deposits: Still room for
improvement
• Evolution affected by CX
• € 200 Mn cost synergies from CX,
achievable in 2017 (i.e. 6% of
current cost base)
• Ongoing efficiency initiatives
• YtD cost of risk evolution better
than guidance
• NPLs flows progressively improving
(-15% vs 3Q15 and -4% vs 2Q16)
0.6%
0.4% 0.4%
3Q15 2Q16 3Q16
60% 60% 58%
6.7%
6.0% 5.9%
5.3
5.8
6.3
6.8
7.3
7.8
8.3
8.8
9.3
9.8
Coverage ratio
Cost of Risk YtD
0.4%
47.2 50.6
57.8 54.7 54.5
11.1
13.5
18.1
11.0
6.6
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
9M15 12M15 3M16 6M16 9M16
Cost-to-income ratio Cost Evolution YoY
(%)
NPL ratio
2.36 2.27 2.16 2.12 2.12
1.83 1.76 1.77 1.75 1.83
0.53 0.51
0.39 0.37 0.30
3Q15 4Q15 1Q16 2Q16 3Q16
Yield on Loans Customer Spread
Cost of Deposits
19. October 27th 2016
192016 Third Quarter Results
6.2
5.2
3.7
3.3
2.2
1.8
0.7
0.8
sep-15 sep-16
SPAIN REAL ESTATE ACTIVITY Highlights
Note: Net exposure according to Bank of Spain's "RE transparency scope" (Circular 5-2011). This perimeter does not include the effect of portfolio transfer from RE to Spain Banking Activity
(1)Data of Notary Public RegisterJun.16 vs Jun.15
(2) Data of Notary Public Register Aug 8M16 vs 8M15.
Net attributable profit
(€m)
-417
-315
9M15 9M16
-24.4%
Net exposure
(€bn)
-13.7%
• Positive market trends (prices1 +2.0%
and demand2 YtD +13.2%)
• Lower P&L negative impact
• Ongoing exposure reduction
Foreclosed
assets from
RE developers
RE developer
loans
Foreclosed assets from
residential mortgages
Other
foreclosed
assets
12.8
11.1
+13.6%
-12.0%
-16.0%
-18.5%
20. October 27th 2016
202016 Third Quarter Results
TOTAL SPAIN Results
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income 971 -8.5 -3.2 2,955 -2.5
Net Fees and Commissions 373 -9.2 -1.8 1,146 -6.2
Net Trading Income 222 57.7 -29.3 612 -25.0
Other Income & Expenses 72 -20.1 n.s. 228 -18.5
Gross Income 1,637 -3.8 -5.5 4,941 -7.6
Operating Expenses -935 -1.9 0.3 -2,802 6.3
Operating Income 702 -6.2 -12.2 2,140 -21.1
Impairment on Financial Assets (net) -253 -31.0 -12.5 -846 -32.7
Provisions (net) and other gains
(losses)
-174 -10.3 80.6 -410 -38.1
Income Before Tax 275 45.8 -33.6 884 11.4
Income Tax -64 38.7 -48.2 -261 19.0
Net Attributable Profit 211 50.1 -27.2 621 8.8
Total Spain (€m) 3Q16 9M16
21. October 27th 2016
212016 Third Quarter Results
USA Highlights
P&L
• NII growth due to improvement in customer
spread
• Fee revenue increase in the quarter due to CIB
• Loan-loss provisions positive evolution
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income 483 5.5 3.5 1,421 6.1
Net Fees and Commissions 171 12.0 6.6 477 1.8
Net Trading Income 23 -34.3 -51.2 117 -18.1
Other Income & Expenses -1 -77.0 -69.4 -9 n.s.
Gross Income 676 5.7 0.9 2,005 2.3
Operating Expenses -460 2.0 1.6 -1,365 2.5
Operating Income 216 14.5 -0.5 640 1.8
Impairment on Financial Assets (net) -52 n.s. -5.3 -201 n.s.
Provisions (net) and other gains
(losses)
-5 0.0 n.s. -41 n.s.
Income Before Tax 159 0.0 -4.0 398 -26.2
Income Tax -39 -6.4 8.0 -101 -31.3
Net Attributable Profit 120 2.3 -7.4 298 -24.3
USA (constant €m) 3Q16 9M16
(1) Performing loans under management.
Note: Activity excludes repos.
Activity
• Focus on profitability
• Deposit mix improving
12.3
7.0
4.0
31.1
4.4
sep-16
Mortgages
Consumer
SMEs
Public Sector
45.9
12.8
sep-16
Demand
Deposits
Time
Deposits
YoY
+0.0%
€ bn
58.9
YoY
+1.2%
€ bn
58.6
+4.1%
+7.5%
-7.3%
+5.0%
-10.3%
(constant €)
0.8%
+1.1%
Other
Commercial
-1.3%
YtD
-0.1%
YtD
Lending1 Cust. Funds
22. October 27th 2016
222016 Third Quarter Results
USA Key Ratios
Customer Spread*
(%)
EfficiencyRisk Indicators
0.2%
0.6%
0.3% 0.4%
3Q15 1Q16 2Q16 3Q16
Coverage ratio
Cost of Risk
YtD
0.4%
3.49 3.49 3.60 3.61 3.64
3.10 3.10 3.19 3.21 3.25
0.39 0.39 0.41 0.40 0.39
3Q15 4Q15 1Q16 2Q16 3Q16
Yield on Loans Customer Spread
Cost of Deposits
67.9 68.6 68.6 68.1 68.1
0.5
1.0
4.3
2.8
2.5
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
9M15 12M15 3M16 6M16 9M16
Cost-to-income ratio Cost Evolution YoY
(constant €, %)
• Positive evolution on the back of
interest rate hike
• Yield reflecting focus on
profitability
• YtD cost of risk evolution better
than 2016 guidance (55 bps)
• Management focus on cost
control
(*)It refers to USA ex NY business activity
NPL ratio
153%
103% 90% 87%
0.9%
1.4%
1.6% 1.7%
23. October 27th 2016
232016 Third Quarter Results
TURKEY Highlights
P&L
• NII growth due to price management and
activity
• Solid revenue growth
• Management focus on cost control
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income 918 11.2 10.8 2,516 8.9
Net Fees and Commissions 187 19.5 -11.1 578 15.6
Net Trading Income -3 -98.6 n.s. 124 n.s.
Other Income & Expenses 10 -21.7 -45.4 38 -14.0
Gross Income 1,113 39.6 -5.3 3,255 26.2
Operating Expenses -446 4.0 8.8 -1,274 6.5
Operating Income 667 81.1 -12.8 1,981 43.2
Impairment on Financial Assets (net) -168 19.5 -6.1 -468 20.3
Provisions (net) and other gains
(losses)
-40 n.s. n.s. -38 n.s.
Income Before Tax 459 n.s. -23.0 1,475 48.2
Income Tax -102 n.s. -10.7 -304 56.0
Non-controlling Interest -216 90.1 -25.8 -708 46.8
Net Attributable Profit 141 91.5 -26.0 464 45.7
Turkey (constant €m) 3Q16 9M16
Note: Turkey is like-for-like basis, which considers the additional stake in Garanti accounted by the full consolidation method from 01/01/15 vs 01/07/15 deal closing.
(1) Performing loans under management.
Note: Activity excludes repos.
15.9
5.4
35.7
sep-16
Activity
• Growth decelerating
• Focus on profitable retail segments
Retail Loans
Business
Banking
Credit cards
9.8
35.2
4.0
sep-16
Demand
Deposits
Mutual &
Pension Funds
Time
Deposits
YoY
+7.4%
€ bn
57.0
YoY
+7.7%
€ bn
48.9
+5.2%
+13.0%
+10.6%
+19.4%
+7.0%
+6.6%
(constant €) +8.0%
YtD
+10.0%
YtD
Lending1 Cust. Funds
24. October 27th 2016
242016 Third Quarter Results
TURKEY Key Ratios
Customer Spread
(%)
EfficiencyRisk Indicators
• Excellent price management
• Lower interest rates support
customer spread evolution
• Cost growth below inflation (7.3%)
• Positive trend in cost evolution,
despite including Brandname
amortization since July 2015 in
third quarter
• Sound asset quality indicators
• Cost of risk trend as expected
1.4% 1.2% 1.1%
3Q15 2Q16 3Q16
119% 128% 125%
2.6% 2.7% 2.9%
Coverage ratio
Cost of Risk
YtD
1.1%
9.23 9.21 9.56 9.90 10.02
4.93 4.73 4.66
5.26 5.59
4.30 4.48 4.91 4.64 4.43
3Q15 4Q15 1Q16 2Q16 3Q16
Yield on Loans Customer Spread
Cost of Deposits
46.4 45.9 43.3
38.7 39.1
16.6
18.2
13.4
7.9
6.5
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
9M15 12M15 3M16 6M16 9M16
Cost-to-income ratio Cost Evolution YoY
(constant €, %)
Note: Turkey on a like-for-like basis, which considers the additional stake in Garanti accounted by the full consolidation method from 01/01/15 vs 01/07/15 deal closing.
NPL ratio
25. October 27th 2016
252016 Third Quarter Results
MEXICO Highlights
P&L
• Double digit growth despite certain activity
slowdown
• Focus on profitable growth in an increasingly
competitive environment
• Growth driven by consumer and SMEs
• Excellent deposit mix
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income 1,305 11.9 2.9 3,829 11.8
Net Fees and Commissions 301 14.6 6.3 849 11.4
Net Trading Income 45 -13.4 -16.1 141 -1.3
Other Income & Expenses 33 -35.1 -36.8 132 -11.4
Gross Income 1,684 10.0 1.6 4,952 10.6
Operating Expenses -612 5.9 2.3 -1,795 7.9
Operating Income 1,071 12.4 1.3 3,157 12.2
Impairment on Financial Assets (net) -420 14.4 3.8 -1,198 11.8
Provisions (net) and other gains
(losses)
8 n.s. n.s. -16 -49.8
Income Before Tax 659 16.3 1.7 1,943 13.5
Income Tax -174 26.6 3.1 -501 20.1
Net Attributable Profit 486 13.0 1.3 1,441 11.4
Mexico (constant €m) 3Q16 9M16
(1) Performing loans under management.
Note: Activity excludes repos.
Activity
8.3
6.6
4.5
3.1
17.6
3.6
0.5
sep-16
Mortgages
Credit Cards
Consumer
SMEs
Public Sector
32.7
8.2
16.9
3.1
sep-16
Time
Deposits
Mutual Funds
Demand
Deposits
YoY
+11.3%
€ bn
44.1
YoY
+10.8%
€ bn
60.9
+13.9%
+6.0%
+20.9%
+5.8%
+6.3%
+13.7%
+15.6%
(constant €)
-2.6%
Other
Commercial
+20.4%
• Top-line double digit growth translated into net
profit
• Good year in fees supported by credit cards and
cash management
• Maintaining our commitment to deliver positive jaws
in the year
+8.7%
YtD
+7.9%
YtD
Lending1 Cust. Funds
Others +11.0%
Others -3.5%
26. October 27th 2016
262016 Third Quarter Results
MEXICO Key Ratios
Customer Spread
(%)
EfficiencyRisk Indicators
• Interest rate hikes not completely
translated into yield on loans due
to competitive dynamics
• Cost of risk increase linked to the
evolution of consumer and SMEs
• Cost of risk evolution in line with
2016 guidance
• Bancomer excellent efficiency vs
peers
• Jaws turning positive from flat in
2015
3.3% 3.4% 3.5%
3Q15 2Q16 3Q16
2.6% 2.5% 2.5%
121% 121% 122%
Coverage ratio
Cost of Risk
YtD
3.3%
11.59 11.71 11.78 11.66 11.79
10.50 10.71 10.79 10.64 10.66
1.09 1.00 0.98 1.02 1.13
3Q15 4Q15 1Q16 2Q16 3Q16
Yield on Loans Customer Spread
Cost of Deposits
(constant €, %)
NPL ratio
41.1%
56.4%
Bancomer System (ex Bancomer)
Cost to income ratio(1)
(1) Figures as of August, 2016 according to local data (Source: CNBV)
Operating Jaws
6.2 7.0
7.9 8.4
11.4 10.9 10.6
6.0
6.6 7.5 8.4 9.2 8.9
7.9
3M156M159M15 2015 3M166M169M16
Gross Income Operating Expenses
27. October 27th 2016
272016 Third Quarter Results
SOUTH AMERICA Highlights
P&L
• Tax impact due to non-deductible hyperinflation
adjustment
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income 740 10.9 1.7 2,182 12.8
Net Fees and Commissions 172 15.3 8.1 471 10.5
Net Trading Income 137 47.7 -16.9 444 54.8
Other Income & Expenses -34 n.s. -8.1 -81 n.s.
Gross Income 1,015 10.4 0.1 3,016 12.7
Operating Expenses -489 19.4 6.0 -1,410 18.7
Operating Income 526 3.2 -4.9 1,606 7.9
Impairment on Financial Assets (net) -137 9.0 20.3 -383 0.6
Provisions (net) and other gains
(losses)
5 n.s. n.s. -27 9.6
Income Before Tax 394 5.9 -7.3 1,196 10.5
Income Tax -144 32.0 0.7 -408 36.5
Non-controlling Interest -71 1.8 -4.1 -212 -3.7
Net Attributable Profit 179 -7.4 -13.9 576 2.2
South America (constant €m) 3Q16 9M16
(1) Performing loans under management
Note: Activity excludes repos
Activity
• Activity decelerating towards more sustainable levels
4.0
13.5
11.9
12.9
3.4
sep-16
Chile
Peru
Colombia
Others
6.3
10.9
13.1
13.3
11.6
sep-16
Argentina
Colombia
Chile
YoY
+9.5%
€ bn
45.6
YoY
+14.2%
€ bn
55.2
+9.3%
+5.4%
+10.3%
+5.9%
+8.0%
+17.1%
+49.4%
Others
+2.4%
(constant €)
Argentina +40.6%
Peru
+16.2%
Lending1 Cust. Funds
+3.6%
YtD
+9.1%
YtD
28. October 27th 2016
282016 Third Quarter Results
SOUTH AMERICA Key Ratios
Customer Spread
(%)
EfficiencyRisk Indicators
• Deterioration of spreads,
especially in Colombia and Chile
• Slight worsening of NPL ratio
affected by moderate growth of
macro environment, in line with
expectations.
• CoR evolution YtD better than
initially expected
• Exposure to hyperinflationary
economies
• General expenses negatively
impacted by FX in y-o-y terms
(appreciation of the USD vs. local
currencies)
1.2%
1.0% 1.2%
3Q15 2Q16 3Q16
125%
111% 110%
2.2%
2.7% 2.8%
Coverage ratio
Cost of Risk
YtD
1.1%
44.4 43.8 46.6 46.0 46.8
11.9 12.2
18.5 18.3 18.7
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
9M15 12M15 3M16 6M16 9M16
Cost-to-income ratio Cost Evolution YoY
(constant €,%)
NPL ratio
Inflation
13%
15.33 14.96
15.91 15.81 15.59
4.76
4.05 3.46 3.90 3.61
6.12 5.93 5.60 5.29 5.00
7.19 7.37 7.33 7.37 7.17
2
3
4
5
6
7
8
9
10
11
3Q15 4Q15 1Q16 2Q16 3Q16
Argentina Chile Colombia Peru
29. October 27th 2016
292016 Third Quarter Results
Takeaways & Delivery on our 6 strategic priorities
Solid core revenue growth
Cost control efforts supported by
additional restructuring charges to gain
efficiencies offset by higher NTI
Sound risk indicators
Earnings resilience provided by a well-
diversified footprint
CET1 FL 11% target achieved in advance
1
New standard in
customer experience
2
Drive digital sales
3
New business
models
4
Optimize capital
allocation
5 6
Unrivaled
efficiency
A first class
workforce
31. October 27th 2016
312016 Third Quarter Results
GROSS INCOME Breakdown
Spain
4,941 €m
USA
2,005 €m
Turkey
3,255 €m
Mexico
4,952 €m
South America
3,016 €m
Rest of Eurasia
369 €m
Note: Figures exclude Corporate Center
Gross Income 9M16
27%
11%
18%
27%
16%
2%
32. October 27th 2016
322016 Third Quarter Results
GROUP Earnings
Net attributable profit
(€m)
Note: Turkey on a like-for-like basis, which considers the additional stake in Garanti accounted by the full consolidation method from 01/01/15 vs 01/07/15 deal closing.
1,702 106 -395
1,113 -51 102 -96 145 35 148 12 -24 2,797
9M15 €m Garanti
like-for-
like basis
FX
Effect
Corp.
Operations
Banking
activity
Spain
RE
activity
Spain
USA Turkey Rest of
Eurasia
Mexico South
America
Corporate
Center
9M16 €m
constant
YoY (%)
(constant €)
-5.2 -24.4 -24.3 45.7 93.4 11.4 2.2 3.5
BUSINESSES
+296 €m
33. October 27th 2016
332016 Third Quarter Results
REAL ESTATE ACTIVITY IN SPAIN Results
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income 2 -95.2 -87.1 44 45.2
Net Fees and Commissions 3 n.s n.s. 5 n.s.
Net Trading Income -1 n.s n.s. -1 n.s.
Other Income & Expenses -43 n.s n.s. -76 4.8
Gross Income -40 n.s n.s. -29 -22.7
Operating Expenses -25 -25.3 -29.3 -91 -2.8
Operating Income -65 n.s 79.8 -120 -8.5
Impairment on Financial Assets (net) -41 -35.4 7.1 -125 -29.9
Provisions (net) and other gains
(losses)
-50 -49.6 -26.0 -198 -32.9
Income Before Tax -155 -8.1 9.9 -443 -26.7
Income Tax 49 -9.4 7.8 128 -32.0
Net Attributable Profit -106 -8.2 11.2 -315 -24.4
Spain Real Estate Activity
(€m)
3Q16 9M16
34. October 27th 2016
342016 Third Quarter Results
NPL ratio
REAL ESTATE ACTIVITY IN SPAIN Risk
Coverage ratio
65.8% 63.3% 62.6% 60.5% 59.2%
Sep-15 Dec-15 Mar-16 Jun-16 Sep-16
52.5% 50.8% 50.5%
57.1% 56.3%
Sep-15 Dec-15 Mar-16 Jun-16 Sep-16
35. October 27th 2016
352016 Third Quarter Results
REST OF EURASIA Results
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income 37 -17.9 -14.1 123 -5.5
Net Fees and Commissions 42 28.9 -13.9 134 8.9
Net Trading Income 10 -39.9 -73.5 70 -33.6
Other Income & Expenses -1 n.s. n.s. 42 n.s.
Gross Income 88 -6.4 -48.0 369 2.7
Operating Expenses -80 5.5 -6.2 -250 -0.7
Operating Income 8 -56.5 -90.6 119 10.7
Impairment on Financial Assets (net) 16 -26.7 n.s. 7 n.s.
Provisions (net) and other gains
(losses)
10 n.s. n.s. 12 n.s.
Income Before Tax 34 -1.4 -55.5 138 36.7
Income Tax -8 -27.3 -54.4 -37 5.9
Net Attributable Profit 26 11.8 -55.9 101 53.0
Rest of Eurasia (€m) 3Q16 9M16
36. October 27th 2016
362016 Third Quarter Results
CORPORATE CENTRE Results
Change Change Change
3Q16/3Q15 3Q16/2Q16 9M16/9M15
% % %
Net Interest Income -105 5.3 -8.5 -352 8.5
Net Fees and Commissions -30 70.5 -42.0 -98 20.0
Net Trading Income 157 n.s. 70.1 245 84.4
Other Income & Expenses 14 17.5 -87.1 96 5.2
Gross Income 36 n.s. 1.8 -108 -40.3
Operating Expenses -213 1.3 -4.9 -652 1.3
Operating Income -177 -48.2 -6.2 -760 -7.8
Impairment on Financial Assets (net) 0 -94.8 -99.1 -26 n.s.
Provisions (net) and other gains
(losses)
-63 0.7 2.9 -142 14.0
Income Before Tax -241 -41.2 -12.9 -927 -2.1
Income Tax 54 -63.8 24.3 226 -22.3
Net Attributable Profit -186 -91.2 -20.9 -704 -60.7
Corporate Centre (€m) 3Q16 9M16
37. October 27th 2016
372016 Third Quarter Results
Evolution of fully-loaded capital ratios
Capital base
Evolution of phased-in capital ratios
(%) (%)
10.3 10.7 11.0
1.3 1.5 1.5
2.8
3.0 3.0
dic-15 jun-16 sep-16
CET1
Tier 2
Additional Tier 1
14.4
15.3 15.5
12.1 12.0 12.3
0.0 0.7 0.7
2.9 3.0 3.0
dic-15 jun-16 sep-16
CET1
Tier 2
Additional Tier 1
15.0
15.7 15.9
38. October 27th 2016
382016 Third Quarter Results
Risk-Weighted Assets by Business Area
(€ m)
Breakdown by business area and main countries
Dec-15 Jun-16 Sep-16
Banking activity in Spain 121,889 116,234 110,476
Real-estate activity in Spain 14,606 11,947 11,795
The United States 60,092 61,505 60,294
Turkey 73,207 77,025 80,834
Mexico 50,330 49,669 47,815
South America 56,564 53,752 53,211
Argentina 9,115 7,648 7,361
Chile 13,915 13,945 13,614
Colombia 11,020 11,465 11,880
Peru 17,484 16,365 15,930
Venezuela 1,788 1,086 1,173
Rest of South America 3,242 3,243 3,254
Rest of Eurasia 15,355 15,278 15,178
Corporate Center 9,241 9,675 10,296
BBVA Group 401,285 395,085 389,899
Phased-in RWA
Note: Temporary data
39. October 27th 2016
392016 Third Quarter Results
ALCO Portfolio
ALCO Portfolio breakdown by region
(€ bn)
37.7
11.6
10.3
5.9
3.3
jun-16
Euro (1)
USA
Turkey
Mexico
€ 68.8 bn
South America
35.0
10.9
10.5
5.8
3.1
sep-16
Euro (1)
USA
Turkey
Mexico
South America
(1) Figure excludes SAREB bonds (€5.5bn as of Jun-16 and Sep-16)
€ 65.3 bn
40. October 27th 2016
402016 Third Quarter Results
Customer Spreads
(Average, €)
Note 1: USA ex NY Business Activity
Note 2: Customer spreads, difference between yield on loans and cost of deposits from customers
Customer Spreads 3Q15 4Q15 1Q16 2Q16 3Q16
Yield on Loans 7.94% 7.10% 6.64% 7.19% 6.60%
Cost of Deposits -3.18% -3.06% -3.18% -3.28% -2.98%
Customer Spreads 4.76% 4.05% 3.46% 3.90% 3.61%
Yield on Loans 9.79% 9.98% 10.50% 10.96% 11.16%
Cost of Deposits -3.67% -4.05% -4.90% -5.67% -6.15%
Customer Spreads 6.12% 5.93% 5.60% 5.29% 5.00%
Yield on Loans 8.16% 8.32% 8.42% 8.48% 8.50%
Cost of Deposits -0.97% -0.95% -1.09% -1.11% -1.33%
Customer Spreads 7.19% 7.37% 7.33% 7.37% 7.17%
Yield on Loans 23.06% 25.10% 26.53% 28.16% 27.42%
Cost of Deposits -3.02% -3.69% -3.33% -2.71% -2.85%
Customer Spreads 20.04% 21.41% 23.20% 25.46% 24.57%
Yield on Loans 9.23% 9.21% 9.56% 9.90% 10.02%
Cost of Deposits -4.30% -4.48% -4.91% -4.64% -4.43%
Customer Spreads 4.93% 4.73% 4.66% 5.26% 5.59%
Turkey
Chile
Colombia
Peru
Venezuela
Customer Spreads 3Q15 4Q15 1Q16 2Q16 3Q16
Yield on Loans 2.36% 2.27% 2.16% 2.12% 2.12%
Cost of Deposits -0.53% -0.51% -0.39% -0.37% -0.30%
Customer Spreads 1.83% 1.76% 1.77% 1.75% 1.83%
Yield on Loans 3.49% 3.49% 3.60% 3.61% 3.64%
Cost of Deposits -0.39% -0.39% -0.41% -0.40% -0.39%
Customer Spreads 3.10% 3.10% 3.19% 3.21% 3.25%
Yield on Loans 11.59% 11.71% 11.78% 11.66% 11.79%
Cost of Deposits -1.09% -1.00% -0.98% -1.02% -1.13%
Customer Spreads 10.50% 10.71% 10.79% 10.64% 10.66%
Yield on Loans 9.79% 9.74% 10.02% 10.52% 10.35%
Cost of Deposits -3.02% -3.19% -3.63% -4.08% -4.02%
Customer Spreads 6.76% 6.76% 6.39% 6.44% 6.33%
Yield on Loans 24.03% 24.21% 25.49% 26.54% 24.54%
Cost of Deposits -8.70% -9.25% -9.58% -10.73% -8.96%
Customer Spreads 15.33% 14.96% 15.91% 15.81% 15.59%
Spain
USA
Mexico
South America
Argentina
41. October 27th 2016
412016 Third Quarter Results
Cost of stock of time deposits (Back book)Cost of new time deposits (Front book)
0.29%
0.34%
0.25%
0.07%
0.04%
jul-15
ago-15
sep-15
oct-15
nov-15
dic-15
ene-16
feb-16
mar-16
abr-16
may-16
jun-16
jul-16
ago-16
sep-16
0.86%
0.69%
0.59%
0.51%
0.47%
jul-15
ago-15
sep-15
oct-15
nov-15
dic-15
ene-16
feb-16
mar-16
abr-16
may-16
jun-16
jul-16
ago-16
sep-16
Monthly average (%) Monthly average (%)
SPAIN BANKING ACTIVITY Cost of Time Deposits