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 9/13/2019
Last Close: 4.87
Currency: EUR
Market capitalization
(million euros)
32,786
Book value per share
(euros)
7.34
Yield
(Dividend/price; %)
5.3
Figures as of 06.30.2019
Financial Highlights
       
Balance Sheet (million euros) 30-06-19 % 30-06-18 31-12-18
Total assets 697,626 1.1 689,850 676,689
Loans and advances to customers (gross) 389,306 (0.3) 390,661 386,225
Deposits from customers 375,104 2.1 367,312 375,970
Total customer funds 478,907 2.2 468,811 474,120
Total equity 54,690 4.6 52,278 52,874
       
Income statement (million euros)
Net interest income 8,987 4.6 8,590 17,591
Gross income 11,989 1.1 11,863 23,747
Operating income 6,115 2.5 5,967 12,045
Net attributable profit 2,442 (3.7) 2,536 5,324
       
Data per share
Number of shares (million) 6,668 - 6,668 6,668
Number of shareholders 888,559 (0.3) 890,821 902,708
Share price (euros) 4.92 (19.0) 6.07 4.64
Earning per share (euros)1 0.34 (5.5) 0.36 0.76
Book value per share (euros) 7.34 6.2 6.91 7.12
       
Ratios (%)
ROE (net attributable profit/average shareholders' funds +/- average accumulated other comprehensive income)2 10.2 11.2 11.5
ROTE (net attributable profit/average shareholders' funds excluding average intangible assets +/- average accumulated other comprehensive income)2 12.4 13.7 14.1
ROA (Profit or loss for the year/average total assets) 0.86 0.90 0.91
RORWA (Profit or loss for the year/average risk-weighted assets) 1.65 1.72 1.74
Efficiency ratio 49.0 49.7 49.3
Cost of risk 0.91 0.82 1.01
NPL ratio 3.8 4.4 3.9
NPL coverage ratio 75 71 73
CET1 fully-loaded 11.5 10.8 11.3
CET1 phased-in3 11.8 11.1 11.6
Total ratio phased-in3 15.8 15.4 15.7

General note: the application of accounting for hyperinflation in Argentina was performed for the first time in September 2018 with accounting effects on January 1, 2018, recording the impact of the nine months in the third quarter. In order to make the 2019 information comparable to the 2018, the income statements and balance sheets of the first three quarters of 2018 have been reexpressed to reflect these impacts.
(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 9.0%, in the first semester of 2019; 10.1%, in 2018; and 9.8%, in the first semester of 2018; and the ROTE at 10.6%, 11.9% and 11.7%, respectively.
(3) As of June 30, 2019, 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).
Geographically diversified
Breakdown by country(1)
Mexico 42.1% EE.UU. 9.7 %
Spain 24.0% Turkey 9.2 %
South America 13.2 % Rest of Eurasia 1.8 %
Colombia 4.3 %
Argentina 3.6 %
Peru 3.2 %
Chile 1.1 %
Resto 1.1 %
(1) Percentages excluding the Corporate Centre.
Ratings
Long term Short term Outlook Last rating action
Fitch A F-1 Negative 07-04-2019
Moody's A3 P-2 Stable 06-19-2019
Standard&Poor´s A- A-2 Negative 08-20-2018
DBRS A (high) R-1 (middle) Stable 03-29-2019
Scope Rating A+ S-1+ Stable 05-21-2019
Axesor Rating A+ - Stable 12-17-2018