14
GROUP INFORMATION 2Q09
Business activity
decreases affected items such as consumer finance,
cards and lending to customers with higher risk
exposure. Conversely, at Group level mortgages and
lending to institutions and large companies
accounted for an increasing share of business. In this
respect it should be noted that BBVA is
concentrating on customers of high credit quality
with whom it is building business relationships.
Year-on-year comparisons of individual items on the
balance sheet are no longer influenced by acquisitions.
However, off-balance-sheet funds are still affected by
the nationalisation of pension funds in Argentina in
the fourth quarter of 2008. In the second quarter of
2008 the Group sold its business in Miami but this no
longer affects year-on-year comparisons.
Exchange rates had a slightly negative impact on
year-on-year comparisons of the balance sheet and
business activity figures. This is because the 12.5%
depreciation of the Mexican peso against the euro
was offset by a rise in the US dollar (up 11.5%). As
usual we will provide comparisons for the main
items based on constant exchange rates to facilitate
the assessment of business trends.
Total lending
(Million euros) 30-06-09
Δ% 30-06-08
31-03-09 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 30-Jun-09 the Group’s total assets came to €543
billion, an increase of 7.6% compared to €505 billion
at the same point last year. This figure is practically
unchanged from the end of the first quarter.
Lending to customers
At the end of the second quarter lending to
customers came to €336 billion. This was the same
Total lending (gross)
(Billion euros)
288
June
2007 June
2008 June
2009
(1) At constant exchange rate: –0.1%.
207,490 (2.9) 213,597 207,036 210,080
19,219 11.4 17,253 18,249 17,599
188,271 (4.1) 196,344 188,786 192,481
106,615 (0.5) 107,199 105,445 105,832
6,724 (37.4) 10,744 7,475 9,543
7,087 (11.5) 8,009 7,354 7,702
51,213 (10.6) 57,293 54,239 55,448
1,831 (13.5) 2,115 1,471 1,971
4,156 0.5 4,136 3,622 3,474
2,849 (34.7) 4,360 2,292 3,029
7,797 213.6 2,487 6,889 5,483
128,118 4.9 122,094 133,205 132,591
40,046 9.0 36,744 40,739 39,390
84,420 1.4 83,249 89,149 90,326
3,652 73.7 2,102 3,317 2,875
335,608 (0.0) 335,692 340,241 342,671
(7,682) 4.0 (7,389) (7,594) (7,412)
327,926 (0.1) 328,303 332,647 335,260
336 336
–0.0% (1)
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