some cases even increased with established customers
and those with a high credit rating.
On 10-Sep-09 BBVA incorporated the business of
Guaranty Financial Group on its balance sheet. This bank
was acquired on 22-Aug-09 and it contributed (at market
value) $7,500m in loans and $11,400m in customer
funds. Because it is relatively small, the acquisition hardly
affects the year-on-year comparisons of the Group’s
balance sheet. Nonetheless, off-balance-sheet funds are
affected by the State takeover of the pension funds in
Argentina in the fourth quarter last year.
The end-of-period exchange rates have a negative
impact (just over three percentage points) on
year-on-year comparisons of the balance sheet and
business figures. In the last 12 months most currencies
with an impact on BBVA’s financial statements, such as
the Mexican peso and the US dollar, depreciated
against the euro. Comparisons for the main items based
on constant exchange rates are provided to facilitate
the assessment of business trends.
At 30-Sep-09 the Group’s total assets came to €537
billion, an increase of 1.8% compared to €528 billion
Total lending
(Million euros) 30-09-09
Δ% 30-09-08
30-06-09 31-12-08
Domestic sector
Public sector
Other domestic sectors
• Secured loans
• Commercial loans
• Financial leases
• Other term loans
• Credit card debtors
• Other demand and miscellaneous debtors
• Other financial assets
• Non performing loans
Non-domestic sector
Secured loans
Other loans
Non performing loans
TOTAL LENDING (GROSS)
Loan-loss provisions
TOTAL NET LENDING
at the same date of last year (up 4.9% at constant
exchange rates). This item has been mostly stable since
the end of last year.
Lending to customers
At 30-Sep-09 the customer loan portfolio was down
4.0% to €331 billion (down 1.7% at constant
exchange rates) against 30-Sep-08.
Total lending (gross)
(Billion euros)
311
September
September
September
2007 2008 2009
(1) At constant exchange rate: –1.7%.
204,997 (2.3) 209,769 207,490 210,080
20,247 20.5 16,807 19,219 17,599
184,750 (4.3) 192,961 188,271 192,481
106,761 (0.1) 106,908 106,615 105,832
6,192 (38.0) 9,981 6,724 9,543
6,862 (13.9) 7,970 7,087 7,702
49,122 (13.7) 56,904 51,213 55,448
1,776 4.2 1,704 1,831 1,971
2,996 (6.5) 3,205 4,156 3,474
2,648 8.8 2,435 2,849 3,029
8,391 117.7 3,855 7,797 5,483
126,008 (6.6) 134,872 128,118 132,591
41,690 3.3 40,362 40,046 39,390
80,579 (12.4) 91,961 84,420 90,326
3,739 46.7 2,550 3,652 2,875
331,005 (4.0) 344,641 335,608 342,671
(8,148) 3.9 (7,844) (7,682) (7,412)
322,857 (4.1) 336,797 327,926 335,260
3Q09 GROUP INFORMATION
Business activity
345 331
–4.0% (1)
15
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