BBVA is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in Mexico, it has leading franchises in South America and the Sunbelt Region of the United States. It is also the leading shareholder in Turkey’s Garanti BBVA. Its purpose is to bring the age of opportunities to everyone, based on our customers’ real needs: provide the best solutions, helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: Customer comes first, we think big and we are one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society.
|Balance Sheet (million euros)||31-12-20||^%||12-31-19||31-12-18|
|Loans and advances to customers (gross)||378,139||(4.5)||396,012||386,225|
|Deposits from customers||409,122||6.1||385,686||375,970|
|Total customer funds||512,068||3.8||493,488||474,085|
|Income statement (million euros)|
|Net interest income||16,801||(7.3)||18,124||17,511|
|Net attributable profit||1,305||(62.9)||3,512||5,400|
|Data per share|
|Number of shares (million)||6,668||-||6,668||6,668|
|Number of shareholders||879,226||0.6||874,148||902,708|
|Share price (euros)||4.04||(19.0)||4.98||4.64|
|Adjusted earning per share (euros)2,3||0.41||(38.9)||0.66||0.64|
|Book value per share (euros)||6.70||(8.5)||7.32||7.12|
|ROE (net attributable profit/average shareholders' funds +/- average accumulated other comprehensive income)2||6.9||9.9||10.2|
|ROTE (net attributable profit/average shareholders' funds excluding average intangible assets +/- average accumulated other comprehensive income)2||7.8||11.9||12.5|
|ROA (Profit or loss for the year/average total assets)2||0.53||0.82||0.81|
|RORWA (Profit or loss for the year/average risk-weighted assets -RWA)2||1.07||1.57||1.56|
|Cost of risk||1.51||1.02||0.99|
|NPL coverage ratio||81||77||73|
|Total ratio phased-in4||16.46||15.92||15.71|
General note: as a result of the interpretation issued by the International Financial Reporting Standards Interpretations Committee (IFRIC) regarding the collecting of interests of written-off financial assets for the purpose of IFRS 9, those collections are presented as reduction of the credit allowances and not as a higher interest income, recognition method applied until December 2019. Therefore, and in order to make the information comparable, the information of the 2019 and 2018 income statements has been restated.
(1) Calculated by dividing shareholder remuneration over the last twelve months by the closing price of the period.
(2) Excluding the net capital gain from the bancassurance transaction in 2020 and BBVA Chile in 2018 and the goodwill impairments in the United States registered in the first quarter of 2020 and the last quarter of 2019.
(3) Adjusted by additional Tier 1 instrument remuneration.
(4) Phased-in ratios include the temporary treatment on the impact of IFRS 9, calculated in accordance with Article 473 bis amendments of the Capital Requirements Regulation (CRR), introduced by the Regulation (EU) 2020/873.
|Long term||Short term||Outlook||Last rating action|
|DBRS||A (high)||R-1 (middle)||Stable||04-01-2020|