Corporate profile

BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid leading position in Spain, is the largest financial institution in Mexico, and has leading franchises in South America, the SunBelt Region of the United States, and Turkey. 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 3/22/2019
Last Close: 5.19
Currency: EUR
Market capitalization
(million euros)
30,909
Book value per share
(euros)
7.12
Yield
(Dividend/price; %)
5.4
Figures as of 12.31.2018
Financial Highlights
       
Balance Sheet (million euros) 31-12-18 (IFRS 9) % 31-12-17 (IAS 39) 31-12-16 (IAS 39)
Total assets 676,689 (1.9) 690,059 731,856
Loans and advances to customers (gross) 386,225 (3.5) 400,369 430,474
Deposits from customers 375,970 (0.1) 376,379 401,465
Others customer funds 128,103 (5.0) 134,906 132,092
Total customer funds 504,073 (1.4) 511,285 533,557
Total equity 52,874 (0.8) 53,323 55,428
       
Income statement (million euros)
Net interest income 17,591 (0.9) 17,758 17,059
Gross income 23,747 (6.0) 25,270 24,653
Operating income 12,045 (5.7) 12,770 11,862
Profit/(loss) before tax 7,580 9.4 6,931 6,392
Net attributable profit 5,324 51.3 3,519 3,475
       
Data per share
Number of shares (million) 6,668 - 6,668 6,567
Number of shareholders 902,708 1.3 891,453 935,284
Share price (euros) 4.64 (34.8) 7.11 6.41
Earning per share (euros)1 0.76 55.9 0.48 0.49
Book value per share (euros) 7.12 2.2 6.96 7.22
       
Ratios (%)
ROE (net attributable profit/average shareholders' funds +/- average accumulated other comprehensive income)2 11.6 7.4 7.3
ROTE (net attributable profit/average shareholders' funds excluding average intangible assets +/- average accumulated other comprehensive income)2 14.1 9.1 9.2
ROA (Profit or loss for the year/average total assets) 0.91 0.68 0.64
RORWA (Profit or loss for the year/average risk-weighted assets) 1.74 1.27 1.19
Efficiency ratio 49.3 49.5 51.9
Cost of risk 1.01 0.89 0.85
NPL ratio 3.9 4.6 5.0
NPL coverage ratio 73 65 70
CET1 fully-loaded 11.3 11.1 10.9
CET1 phased-in3 11.6 11.7 12.2
Tier I phased-in3 13.2 13.0 12.9
Total ratio phased-in3 15.7 15.5 15.1

(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 10.1%, in 2018; 6.7%, in 2017; and 6.9%, in 2016; and the ROTE at 12.0%, 8.0% and 8.6%, respectively.
(3) As of December,31 2018 phased-in ratios include the temporary treatment on the impact of IFRS 9, calculated in accordance with Article 473 bis of Capital Requirements Regulation (CRR). The capital ratios are calculated under CRD IV from Basel III regulation, in which a phase-in of 80% is applied for 2017 and a phase-in of 60% for 2016.
Geographically diversified
Breakdown by country(1)
Mexico 41.0% Turkey 9.8 %
Spain(2) 24.8% USA 12.6 %
South America 10.2 % Rest of Eurasia 1.6 %
Colombia 3.9 %
Peru 3.4 %
Chile 2.4 %
Argentina 0.0 %
Rest 0.5 %
(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 Negative 12-05-2018
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
Axesor Rating A+ - Stable 12-17-2018