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)||03-31-20||^%||03-31-19||12-31-19|
|Loans and advances to customers (gross)||395,911||0.7||393,321||394,763|
|Deposits from customers||385,050||1.7||378,527||384,219|
|Total customer funds||481,488||(0.0)||481,717||492,022|
|Income statement (million euros)|
|Net interest income||4,556||3.6||4,398||18,124|
|Net attributable profit||(1,792)||n.s.||1,182||3,512|
|Data per share|
|Number of shares (million)||6,668||-||6,668||6,668|
|Number of shareholders||876,785||(1.7)||892,316||874,148|
|Share price (euros)||2.92||(42.8)||5.09||4.98|
|Adjusted earning per share (euros)12||(0.29)||n.s.||0.16||0.47|
|Book value per share (euros)||6.49||(9.9)||7.20||7.32|
|ROE (net attributable profit/average shareholders' funds +/- average accumulated other comprehensive income)1||2.4||10.0||9.9|
|ROTE (net attributable profit/average shareholders' funds excluding average intangible assets +/- average accumulated other comprehensive income)1||2.8||12.1||11.9|
|ROA (Profit or loss for the year/average total assets)1||0.26||0.85||0.82|
|RORWA (Profit or loss for the year/average risk-weighted assets)1||0.50||1.62||1.57|
|Cost of risk||2.57||1.03||1.02|
|NPL coverage ratio||86||74||77|
|Total ratio phased-in4||15.39||15.19||15.92|
General note: as a result of the decision taken 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 quarterly information of the 2019 income statements has been restated.
(1) Excluding the goodwill impairment in the United States as of 31-03-2020 and 31-12-2019, for an amount of 2,084 and 1,318 millions of euros, respectively.
(2) Adjusted by additional Tier 1 instrument remuneration.
(3) As of March 31, 2020 the fully-loaded capital ratios include the positive impact of +2 basis points due the reduction of the limit of share buybacks which is pending to be approved by the ECB.
(4) Phased-in ratios include the temporary treatment on the impact of IFRS 9, calculated in accordance with Article 473 bis of the Capital Requirements Regulation (CRR).
|Long term||Short term||Outlook||Last rating action|
|DBRS||A (high)||R-1 (middle)||Stable||04-01-2020|