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 11/27/2020
Last Close: 3.96
Currency: EUR
Market capitalization
(million euros)
15,816
Book value per share
(euros)
6.50
Yield
(Dividend/price; %)
11.01
Figures as of 09.30.2020
Financial Highlights
       
Balance Sheet (million euros) 09-30-20 ^% 09-30-19 12-31-19
Total assets 727,014 2.5 709,017 698,690
Loans and advances to customers (gross) 379,018 (3.1) 391,273 394,763
Deposits from customers 395,132 4.2 379,333 384,219
Total customer funds 495,171 2.1 485,159 492,022
Total equity 48,522 (14.9) 57,029 54,925
       
Income statement (million euros)
Net interest income 12,763 (4.9) 13,415 18,124
Gross income 17,708 (2.0) 18,064 24,463
Operating income 9,626 4.1 9,244 12,561
Net attributable profit (15) n.s. 3,667 3,512
       
Data per share
Number of shares (million) 6,668 - 6,668 6,668
Number of shareholders 898,240 1.6 884,412 874,148
Share price (euros) 2.37 (50.4) 4.78 4.98
Adjusted earning per share (euros)2,3 0.27 (47.1) 0.51 0.66
Book value per share (euros) 6.50 (14.8) 7.63 7.32
       
Ratios (%)
ROE (net attributable profit/average shareholders' funds +/- average accumulated other comprehensive income)2 6.1 10.1 9.9
ROTE (net attributable profit/average shareholders' funds excluding average intangible assets +/- average accumulated other comprehensive income)2 6.9 12.2 11.9
ROA (Profit or loss for the year/average total assets)2 0.50 0.84 0.82
RORWA (Profit or loss for the year/average risk-weighted assets -RWA)2 1.00 1.60 1.57
Efficiency ratio 45.6 48.8 48.7
Cost of risk 1.69 0.99 1.02
NPL ratio 3.8 3.9 3.8
NPL coverage ratio 85 75 77
CET1 fully-loaded 11.52 11.56 11.74
CET1 phased-in4 11.99 11.80 11.98
Total ratio phased-in4 16.66 16.22 15.92


General note: as a result of the interpretation issued 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) Calculated by dividing shareholder remuneration over the last twelve months by the closing price of the period.
(2) As of 30-09-2020 and 31-12-2019, excludes the goodwill impairment in the United States for an amount of 2,084 and 1,318 millions of euros, which was recognized as of 31-03- 2020 and 31-12-2019, respectively.
(3) Adjusted by additional Tier 1 instrument remuneration.
(4) Phased-in ratios include the temporary treatment on the impact of IFRS 9, calculated in accordance with Article 473 bis amendments of the Capital Requirements Regulation (CRR), introduced by the Regulation (EU) 2020/873.

Geographically diversified
Breakdown by country(1)
Mexico 44.9 % USA 4.3 %
Spain 16.4 % Turkey 18.7 %
South America 12.2 % Eurasia 3.6 %
Colombia 3.8 %
Argentina 3.1 %
Peru 2.8 %
Chile 0.7 %
Rest 1.7 %
(1) Percentages excluding the Corporate Centre.
Ratings
Long term Short term Outlook Last rating action
Fitch A- F-2 Stable 06-22-2020
Moody's A3 P-2 Stable 06-19-2019
Standard&Poor´s A- A-2 Negative 04-29-2020
DBRS A (high) R-1 (middle) Stable 04-01-2020
Axesor Rating A+ - Stable 12-23-2019