10
GROUP INFORMATION 3Q09
Earnings
ordinary contribution in the United States was higher
and it was also accompanied by an extraordinary
contribution of $28m for the Federal Deposit Insurance
Corporation (FDIC) in the second quarter of 2009.
As a result, gross income came to €4,998m in the
third quarter and this is the second highest amount ever
Gross income
(Million euros)
5,491
4,772 4,854 4,794 4,998
4,558
4,889
(1) At constant exchange rate: +9.7%,
Operating costs, depreciation and efficiency
(Million euros)
PERSONNEL EXPENSES
Wages and salaries
Employee welfare expenses
Training expenses and other
GENERAL AND ADMINISTRATIVE EXPENSES
Premises
IT
Communications
Advertising and publicity
Corporate expenses
Other expenses
Levies and taxes
ADMINISTRATION COSTS
DEPRECIATION AND AMORTIZATION
OPERATING COSTS
GROSS INCOME
EFFICIENCY RATIO
(Operating costs/gross income,%)
1Q 2Q 3Q 4Q
1Q
2Q
3Q
2008
2009
+6.6% (1)
14,420 15,378
obtained by BBVA, beaten only by gross income in the
previous quarter. Compared to the same period last
year, it is €204m higher despite the absence for the
time being of the second Telefonica dividend. Therefore
gross income for the year to September came to
€15,378m, up 6.6% year-on-year (up 9.7% at constant
exchange rates).
Operating income
Operating costs remain under strict control, falling
3.9% year-on-year to €2,017m in the third quarter. In
the first nine months they rose 2.4% to €6,105m. The
reduction was particularly noticeable in the Spain &
Portugal Area, where costs fell 5.7% in the year to
date. The efforts made in the Americas were also
successful and operating costs for the first nine months
fell 0.9% at constant exchange rates.
Jan.-Sep. 09
Δ%
3,417 (3.1) 3,528 4,716
2,620 (2.8) 2,695 3,593
490 (6.6) 525 693
308 (0.3) 308 430
2,159 (2.4) 2,213 3,040
465 2.9 452 617
416 (4.6) 436 598
189 0.4 188 260
189 (5.0) 199 272
61 (27.0) 83 110
648 3.0 629 887
191 (15.0) 225 295
5,577 (2.9) 5,740 7,756
528 3.2 512 699
6,105 (2.4) 6,252 8,455
15,378 6.6 14,420 18,978
39.7 43.4 44.6
Jan.-Sep. 08 2008
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