10
GROUP INFORMATION 2Q09
Earnings
As a result gross income came to €5,491m in the
second quarter, which was 12.3% higher than the
first quarter and sets a new record for the BBVA
Group despite the difficult economic conditions. The
cumulative figure for the first half was €10,380m, an
increase of 7.8% over €9,626m for the same period
last year (up 9.5% at constant rates).
Gross income
(Million euros)
1Q 2Q 3Q 4Q
1Q
2Q
2008
2009
(1) At constant exchange rate: +9.5%.
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,%)
+7.8% (1)
10,380
9,626 5,491
4,772 4,854 4,794
4,889
4,558
Operating income
Operating costs are being constrained in excellent
fashion. They are lower than the previous quarter and
lower than the first half of 2008. In the first half of
2009 they came to €4,088m, which is €66m less than
the same period last year. Fortunately, BBVA
Operating costs
(Million euros)
4,154 4,088
2,084 2,203
2,069 2,099
2,070 2,017
1Q 2Q 3Q 4Q
1Q
2Q
2008
2009
(1) At constant exchange rate: –1.4%.
1H09
–1.6% (1)
Δ%
2,291 (2.2) 2,343 4,716
1,754 (2.3) 1,795 3,593
332 (5.7) 352 693
205 5.2 195 430
1,443 (2.0) 1,473 3,040
309 4.9 294 617
279 (3.6) 290 598
128 2.4 125 260
127 (6.1) 135 272
42 (22.3) 54 110
429 5.6 406 887
129 (23.5) 169 295
3,734 (2.1) 3,816 7,756
354 4.8 338 699
4,088 (1.6) 4,154 8,455
10,380 7.8 9,626 18,978
39.4 43.2 44.6
1H08 2008
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