8
GROUP INFORMATION 2Q09
Earnings
generated a further improvement in the cost/income
ratio (a measure of efficiency) and it also amply offset
the upward trend in loan-loss provisions owing to the
economic crisis and the BBVA Group’s high standard
of prudence.
Furthermore the positive performance of earnings is
still entirely of an organic nature because the
year-on-year comparison is not affected by
acquisitions.
Net interest income
Net interest income set a new quarterly record and
was once again the main source of BBVA’s gross
income. In the second quarter of 2009 it rose to
€3,586m, increasing year-on-year and
Breakdown of yields and costs
Cash and balances with central banks
Financial assets and derivatives
Loans and advances to credit institutions
Loans and advances to customers
•Euros
- Domestic
- Other
•Foreign currencies
Other assets
TOTAL ASSETS
Deposits from central banks and credit institutions
Deposits from customers
•Euros
- Domestic
- Other
•Foreign currencies
Debt certificates and subordinated liabilities
Other liabilities
Equity
TOTAL LIABILITIES AND EQUITY
NET INTEREST INCOME/ATA
quarter-on-quarter. It was up 26.7% compared to the
second quarter of 2008 and 9.6% compared to the
first quarter of 2009. The cumulative amount for the
first half was €6,858m, an increase of 23.5%
year-on-year (25.6% excluding the effect of exchange
Net interest income
(Million euros)
5,555
3,088
2,726 2,829 3,043
1Q 2Q 3Q 4Q
1Q
2Q
2008
2009
(1) At constant exchange rate: +25.6%.
+23.5% (1)
2 nd Quarter 09 1 st Quarter 09 4 th Quarter 08 3 rd Quarter 08
% of ATA %Yield/Cost
% of ATA %Yield/Cost % of ATA %Yield/Cost % of ATA %Yield/Cost
3.5 1.34 3.0 2.15 2.9 2.98 2.9 3.48
25.1 3.15 24.2 3.38 23.7 3.43 21.7 3.89
4.8 3.62 5.3 2.86 6.0 3.42 6.6 4.61
60.9 5.78 61.5 6.40 60.9 7.29 62.5 7.55
41.0 4.41 41.3 5.16 40.0 6.11 42.3 6.07
36.4 4.44 36.4 5.38 36.6 6.08 39.3 5.93
4.7 4.16 4.9 3.54 3.4 6.46 3.0 7.83
19.8 8.62 20.2 8.94 21.0 9.53 20.1 10.66
5.8 0.51 6.0 0.36 6.5 0.71 6.3 0.82
100.0 4.56 100.0 4.99 100.0 5.59 100.0 6.02
13.1 3.35 13.4 4.01 14.9 4.59 15.1 4.95
45.5 1.72 44.8 2.46 45.8 3.46 46.3 3.35
21.0 1.22 21.0 1.94 21.0 3.06 22.3 2.77
15.5 1.53 16.4 2.15 16.0 2.87 16.5 2.80
5.5 0.35 4.7 1.23 5.0 3.70 5.7 2.69
24.4 2.14 23.7 2.92 24.8 3.79 24.1 3.94
22.6 2.59 23.4 3.57 22.1 4.24 22.7 5.48
13.5 0.80 13.4 0.69 12.3 1.29 10.7 1.36
5.4 - 5.1 - 5.0 - 5.2 -
100.0 1.91 100.0 2.57 100.0 3.36 100.0 3.69
2.65 2.42 2.23 2.33
3,272
6,858
3,586
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