16
GROUP INFORMATION 4Q09
Business activity
The more risky forms of lending, such as consumer
finance and cards, fell and first residence
mortgages and loans to institutions increased.
Customer funds increased thanks to a rise in assets
under management in pension and mutual funds
and to an increase in the lower cost items (current
and savings accounts).
Customers’ preferences switched from time
deposits to other items. This was a result of the
sharp decline in interest rates in the Spanish
market and BBVA’s excellent liquidity position.
Total assets remained stable. At 31-Dec-09 they
came to €535 billion, which was 1.4% lower
compared to €543 billion at 31-Dec-08.
It should be noted that year-end exchange rates hardly
had any impact on year-on-year comparisons of the
balance sheet or on the Group’s business volumes. This
is because the dollar’s depreciation against the euro
(3.4%) was offset by a rise in the Mexican peso (up
1.6%), the Chilean peso (up 21.3%) and the
Colombian peso (up 6.3%) – among others.
The most significant features of lending business and
customer funds are commented below.
Total lending
(Million euros)
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
Lending to customers
Gross lending at 31-Dec-09 stands at €332 billion
after declining 3.1% year-on-year. There was a slight
rebound in the fourth quarter (up 0.3%
quarter-on-quarter).
Of total lending to domestic customers in Spain, the
public sector reported the biggest advance, rising
18.1% year-on-year and 2.7% quarter-on-quarter to
€21 billion.
31-12-09
Δ%
204,671 (2.6) 210,082 204,997
20,786 18.1 17,599 20,247
183,886 (4.5) 192,483 184,750
106,294 0.4 105,832 106,761
7,062 (26.0) 9,543 6,192
6,547 (15.0) 7,702 6,862
46,407 (16.3) 55,448 49,122
1,839 (6.7) 1,971 1,776
2,296 (33.9) 3,474 2,996
2,529 (16.6) 3,031 2,648
10,911 99.0 5,483 8,391
127,491 (3.9) 132,600 126,008
42,280 7.3 39,390 41,690
80,986 (10.3) 90,335 80,579
4,225 47.0 2,875 3,739
332,162 (3.1) 342,682 331,005
(8,720) 17.5 (7,423) (8,148)
323,441 (3.5) 335,260 322,857
31-12-08 30-09-09
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