Corporate profile

BBVA is a customer-centric global financial services group founded in 1857. The Group is the largest financial institution in Spain and Mexico and it has leading franchises in South America and the Sunbelt Region of the United States; and it is also the leading shareholder in Garanti, Turkey’s biggest bank for market capitalization. Its diversified business is focused on high-growth markets and it relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices.

Share Data 1/18/2019
Last Close: 5.20
Currency: EUR
Market capitalization
(million euros)
36,607
Book value per share
(euros)
6.94
Yield
(Dividend/price; %)
4.4
Figures as of 09.30.2018
Financial Highlights
       
Balance Sheet (million euros) 09-30-18 (IFRS 9) % 09-30-17 (IAS 39) 12-31-17 (IAS 39)
Total assets 668,985 (3.2) 690,797 690,059
Loans and advances to customers (gross) 383,111 (8.0) 416,240 400,369
Deposits from customersBalance Sheet (million euros) 365,687 (6.9) 392,865 376,379
Others customer funds 132,798 (3.6) 137,724 134,906
Total customer funds 498,485 (6.1) 530,589 511,285
Total equity 51,097 (6.1) 54,400 53,323
       
Income statement (million euros)
Net interest income 12,899 (2.3) 13,202 17,758
Gross income 17,596 (6.9) 18,908 25,270
Operating income 8,875 (6.8) 9,522 12,770
Income before tax 6,012 (0.0) 6,015 6,931
Net attributable profit 4,323 25.3 3,449 3,519
       
Data per share
Number of shares (millions) 6,668 0.0 6,668 6,668
Number of shareholders 895,809 (0.6) 900,807 891,453
Share price (euros) 5.49 (27.4) 7.56 7.11
Earning per share (euros)1 0.62 26.7 0.49 0.48
Book value per share (euros) 6.94 (2.4) 7.11 6.96
       
Ratios (%)
ROE (net attributable profit/average shareholders' funds +/- average accumulated other comprehensive income)2 12.2 9.6 7.4
ROTE (net attributable profit/average shareholders' funds excluding average intangible assets +/- average accumulated other comprehensive income)2 14.8 11.9 9.1
ROA (Profit or loss for the year/average total assets) 0.95 0.82 0.68
RORWA (Profit or loss for the year/average risk-weighted assets) 1.82 1.53 1.27
Efficiency ratio 49.6 49.6 49.5
Cost of risk 0.90 0.94 0.89
NPL ratio 4.1 4.6 4.6
NPL coverage ratio 73 72 65
CET1 fully-loaded 11.3 11.2 11.1
CET1 phased-in3 11.6 11.9 11.7
Tier I phased-in3 13.3 13.1 13.0
Total ratio phased-in3 15.9 15.7 15.5

(1) Adjusted by additional Tier 1 instrument remuneration.
(2) The ROE and ROTE ratios include, in the denominator, the Group’s average shareholders’ funds and take into account the item called “Accumulated other comprehensive income”, which forms part of the equity. Excluding this item, the ROE would stand at 10.0%, in January-September of 2018; 8.5%, in January-September of 2017; and 6.4%, in 2017; and the ROTE at 11.8%, 10.2% and 7.7%, respectively.
(3) As of September 30, 2018 phased-in ratios include the temporary treatment on the impact of IFRS9 , calculated in accordance with Article 473 bis of Capital Resquirements Regulation (CRR). For 2017, the capital ratios are calculated under CRD IV from Basel III regulation, in which a phase-in of 80% is applied.
Geographically diversified
Breakdown by country(1)
Mexico 41.0% Turkey 10.8 %
Spain(2) 24.5% USA 12.0 %
South America 10.4 % Eurasia 1.3 %
Colombia 4.0 %
Peru 2.8 %
Chile 2.6 %
Argentina 0.0 %
Rest 1.0 %
(1) Figures excluding the Corporate Centre
(2) Includes the areas Banking activity in Spain and Non Core Real Estate
Ratings
Long term Short term Outlook Last rating action
Fitch A- F-2 Stable 07-17-2018
Moody's A3 P-2 Stable 08-29-2018
Standard&Poor´s A- A-2 Negative 08-20-2018
DBRS A (high) R-1 (middle) Stable 04-12-2018
Scope Rating A+ S-1+ Stable 10-26-2017