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 4/9/2021
Last Close: 4.43
Currency: EUR
Market capitalization
(million euros)
26,905
Book value per share
(euros)
6.70
Yield
(Dividend/price; %)
4.01
Figures as of 12.31.2020
Financial Highlights
       
Balance Sheet (million euros) 31-12-20 ^% 12-31-19 31-12-18
Total assets 736,176 5.5 697,737 675,675
Loans and advances to customers (gross) 378,139 (4.5) 396,012 386,225
Deposits from customers 409,122 6.1 385,686 375,970
Total customer funds 512,068 3.8 493,488 474,085
Total equity 50,020 (8.9) 54,925 52,874
       
Income statement (million euros)
Net interest income 16,801 (7.3) 18,124 17,511
Gross income 22,974 (6.1) 24,463 23,667
Operating income 12,219 (2.7) 12,561 11,965
Net attributable profit 1,305 (62.9) 3,512 5,400
       
Data per share
Number of shares (million) 6,668 - 6,668 6,668
Number of shareholders 879,226 0.6 874,148 902,708
Share price (euros) 4.04 (19.0) 4.98 4.64
Adjusted earning per share (euros)2,3 0.41 (38.9) 0.66 0.64
Book value per share (euros) 6.70 (8.5) 7.32 7.12
       
Ratios (%)
ROE (net attributable profit/average shareholders' funds +/- average accumulated other comprehensive income)2 6.9 9.9 10.2
ROTE (net attributable profit/average shareholders' funds excluding average intangible assets +/- average accumulated other comprehensive income)2 7.8 11.9 12.5
ROA (Profit or loss for the year/average total assets)2 0.53 0.82 0.81
RORWA (Profit or loss for the year/average risk-weighted assets -RWA)2 1.07 1.57 1.56
Efficiency ratio 46.8 48.7 49.4
Cost of risk 1.51 1.02 0.99
NPL ratio 4.0 3.8 3.9
NPL coverage ratio 81 77 73
CET1 fully-loaded 11.73 11.74 11.34
CET1 phased-in4 12.15 11.98 11.58
Total ratio phased-in4 16.46 15.92 15.71


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 information of the 2019 and 2018 income statements has been restated.
(1) Calculated by dividing shareholder remuneration over the last twelve months by the closing price of the period.
(2) Excluding the net capital gain from the bancassurance transaction in 2020 and BBVA Chile in 2018 and the goodwill impairments in the United States registered in the first quarter of 2020 and the last quarter of 2019.
(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 44.6 % USA 10.9 %
Spain 15.4 % Turkey 14.3 %
South America 11.3 % Eurasia 3.5 %
Colombia 4.2 %
Argentina 2.3 %
Peru 2.8 %
Chile 0.7 %
Rest 1.4 %
(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