COMMUNITY INVOLVEMENT
Corporate Responsibility Report 2008
62
Resources allocated by the BBVA Group and its foundations (1) (Thousand euros)
By entity
BBVA Group in Spain and the rest of the world (3)
BBVA Group in Latin America (3) (4)
BBVA Foundation (Spain)
BBVA Microfinance Foundation (Spain)
BBVA Bancomer Foundation (Mexico)
BBVA Banco Provincial Foundation (Venezuela)
BBVA Banco Francés Foundation (Argentina)
BBVA Banco Continental Foundation (Peru)
TOTAL
By type of investment
Monetary
Time
In kind
TOTAL
By theme area
Education
Social sciences
Social welfare care
Culture
Environment
Health
Promotion of corporate responsibility
Other fields (5)
TOTAL
(1) Resources allocated by the BBVA Group and its foundations between 2006 and 2008 include:
In foundations, where the figures include expenses devoted by each entity to its purposes and each foundation's administrative and structural costs.
Regarding the BBVA Group, this includes the financial contributions made, plus management costs, contributions in kind and space provided.
Assessment of Préstamos Familiares (Family loans) which includes direct costs (operating expenses, financing costs and dissemination expenses).
In no case do the figures include any social benefits stipulated by collective agreements intended for company employees or their families, or grants and work placement within the Group.
In Venezuela, they include the € 482m allocated to educational and cultural programmes which compute in LOCTI (Constitutional law on Technological Science & Innovation) and LOCTISEP
(Law on Consumption of Narcotic and Pyschotropic Substances), which the LBG model does not consider Community Investment, but rather compliance with what is laid down by law.
Finally, the average euro exchange rate for the corresponding years has been used in converting local-currency contributions outside the euro zone.
(2) Accrual criteria was used in 2008. In 2006 and 2007 it was cash-based. Such change has had no significant impact on the consolidation of the figure corresponding to resources
allocated to society.
(3) The foundations are not included.
(4) Latin America includes Puerto Rico.
(5) The foundations' business overheads were distributed among, and included in, its different fields of action.
The quantitative variation between 2007 and 2008 was mainly due to:
Spain 300 Boost to social initiatives on innovation Mexico 1,792 Integración scholarships Programme
BBVA Foundation (Spain) 3,500 Increased activity for the promotion of 4,989 Financial education programme
scientific and social research programmes
and their communication Rest of Latin America 2,504 Integración scholarships Programme
BVA Microfinance 894 Consolidation of the Foundation's activity Group 643 Catering for needs resulting from natural catastrophes:
Foundation (Spain)
earthquake in China
2008 (2)
30,732.6 29,083.7 24,648.9
9,939.6 5,305.2 6,176.2
28,250.0 24,712.0 20,599.0
1,807.8 914.0
9,483.8 7,951.1 4,631.2
3,225.7 228.6 114.5
223.1 191.6 178.6
1,604.5 614.0 77.1
85,267.0 69,000.2 56,425.5
80,465.5 66,670.3
2,744.8 1,993.4
2,056.7 336.5
85,267.0 69,000.2
2007 2006
28,605.7 16,787.7 9,010.6
23,398.8 17,892.3 13,458.9
9,826.0 10,523.3 7,160.5
8,042.4 8,754.1 9,434.4
7,640.3 3,576.9 9,110.7
6,114.8 8,926.5 5,782.0
1,353.7 2,183.9 2,052.0
285.5 355.6 416.2
85,267.0 69,000.2 56,425.4
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