Corporate profile

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.

Share Data 2/17/2020
Last Close: 5.23
Currency: EUR
Market capitalization
(million euros)
33,226
Book value per share
(euros)
7.32
Yield
(Dividend/price; %)
5.2
Figures as of 12.31.2019
Financial Highlights
       
Balance Sheet (million euros) IFRS 9
12-31-19
^% IFRS 9
12-31-18
IAS 39
12-31-17
Total assets 698,690 3.3 676,689 690,059
Loans and advances to customers (gross) 394,763 2.2 386,225 400,369
Deposits from customers 384,219 2.2 375,970 376,379
Total customer funds 492,022 3.8 474,120 473,088
Total equity 54,925 3.9 52,874 53,323
       
Income statement (million euros)
Net interest income 18,202 3.5 17,591 17,758
Gross income 24,542 3.3 23,747 25,270
Operating income 12,639 4.9 12,045 12,770
Net attributable profit 3,512 (35.0) 5,400 3,514
       
Data per share
Number of shares (million) 6,668 - 6,668 6,668
Number of shareholders 874,148 (3.2) 902,708 891,453
Share price (euros) 4.98 7.5 4.64 7.11
Earning per share (euros)1 0.66 3.4 0.64 0.63
Book value per share (euros) 7.32 2.8 7.12 6.96
       
Ratios (%)
ROE (net attributable profit/average shareholders' funds +/- average accumulated other comprehensive income)2 9.9 10.2 9.7
ROTE (net attributable profit/average shareholders' funds excluding average intangible assets +/- average accumulated other comprehensive income)2 11.9 12.4 12.0
ROA (Profit or loss for the year/average total assets) 0.82 0.81 0.84
RORWA (Profit or loss for the year/average risk-weighted assets) 1.57 1.56 1.57
Efficiency ratio 48.5 49.3 49.5
Cost of risk 1.04 1.01 0.89
NPL ratio 3.8 3.9 4.6
NPL coverage ratio 77 73 65
CET1 fully-loaded 11.74 11.34 11.08
CET1 phased-in3 11.98 11.58 11.71
Total ratio phased-in3 15.92 15.71 15.51

General note: as a result of the amendment to IAS 12 "Income Taxes", and in order to make the information comparable, the 2018 and 2017 income statements have been restated.
(1) Adjusted by additional Tier 1 instrument remuneration. Excluding the goodwill impairment in the United States in 2019, BBVA Chile in 2018 and Telefónica impairment in 2017.
(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 6.3%, in 2019; 10.2%, in 2018; and 6.7%, in 2017; and the ROTE at 7.4%, 12.1% and 8.0%, respectively.
(3) As of September 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 44.8% USA 9.8 %
Spain 23% Turkey 8.4 %
South America 12% Rest of Eurasia 2.1 %
Colombia 4.4 %
Argentina 2.2%
Peru 3.3 %
Chile 0.9 %
Rest 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 12-23-2019