16
GROUP INFORMATION 3Q09
Business activity
Lending to domestic customers in Spain increased
where the risk was lower. The public sector accounted
for €20 billion, which was a year-on-year increase of
20.5% and a rise of 5.3% during the quarter. The loan
portfolio of the domestic private sector stands at
€185 billion and secured loans account for the main
part of this. They came to €107 billion, which is
practically the same as a year earlier but slightly better
than the last quarter. Conversely, items of higher risk,
such as commercial lending are dropping fast (down
38.0% year-on-year and down 7.9%
quarter-on-quarter). There was good news on
non-performing loans in the domestic private sector.
At 30-Sep-09 they stood at €8,391m and continue to
slow on a quarter-by-quarter basis. In 2009 they
increased 25.7% in the first quarter, 13.2% in the
second and 7.6% in the third quarter. The reasons
behind the improvement are the lower additions to
NPA and the active debt recovery policy.
Total lending. Domestic sector (gross)
(Billion euros)
202 210 205
September
September
September
2007 2008 2009
Detail of total lending to domestic sector
(gross) (Percentage)
Secured
loans
Other
loans
50.9
49.1
September
2007
51.0 52.1
49.0 47.9
September
September
2008 2009
Lending to non-resident customers at the end of the
third quarter stood at €126 billion, a decrease of 6.6%
—2.3%
compared to €135 billion a year earlier (down 0.9% at
constant exchange rates). This item is partly affected by
the depreciation of Latin-American currencies and
especially by the slowdown in lending in Mexico, in the
United States and in some South American countries.
Customer funds
At the end of the third quarter total customer funds, on
and off the balance sheet, had increased to €500
billion. They are up 1.4%, compared to €493 billion a
year earlier (up 4.6% at constant exchange rates).
During the third quarter they rose more than €1
billion.
Customer funds
(Billion euros)
Other
customer
funds
Customer
funds on
balance sheet
493 493 500
154
340
As usual in recent quarters, customer funds on the
balance sheet continued to outperform, rising 3.2%
to €367 billion, compared to €355 billion a year
earlier. Because of its ample liquidity, BBVA had no
need to enter price wars to capture customer funds,
more specifically time deposits. Moreover, this item is
slightly higher than the customer loan portfolio,
which highlights the Group’s good liquidity
positioning. Of the above amount, customer deposits
account for €249 billion (up 4.9% year-on-year),
marketable debt securities account for €99 billion
(down 3.4% year-on-year) and subordinate liabilities
account for €19 billion (up 19.9%).
Customer funds off the balance sheet came to €133
billion, a 3.1% decrease compared to €137 billion a
year earlier but up 2.3% during the quarter. The
137 133
355 367
September
September
September
2007 2008 2009
(1) At constant exchange rate: +4.6%.
+1.4% (1)
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