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vs. 3Q14
€ 784 M
€ 2,815 M+30.4%
vs. 9M14+45.9%
3Q15
9M15
2015 Third Quarter Results
Net attributable profit
€ 5,980 M
€ 1,074 M
+14.5%
+23.2%Constant €
3Q15
vs. 3Q14
3Q15
1.10%
Gross income
vs. 3Q14
Impacted by market environment
Cost of Risk and Loan-lossprovisions + RE impairments
Cost of risk YTD
Loan-loss provisions +Real-estate impairments
3Q15
+9% vs. 3Q14
€ 2,673 M
+21.1%Constant €
vs. 3Q14
Operating income
Risks
Indicators continue to improve
5.6%NPL ratio
74%Coverage ratio CET1 Ratios
11.7%
Leverage ratio
5.7% Fully-loaded
Fully-loaded
9.8%
Phased-in
Capital
Garanti Bank Closing
Digital customer base Distribution model Digital sales
Digital customers Mobile customers
14.0 M 40 M-41%+21% vs. Sep14 vs. Sep14 vs. 2009
7.6 M+51%
Maintaining positive jaws
Improvement in risk indicators Solid capital ratios
(Figures include Turkey)
Transformation on track
Branch activity
23.7%
Digital consumer loansBBVA Spain - % of new loansBBVA Spain - Transactions*BBVA Group BBVA Group
Good performance of recurring income
(Ex. corporateoperations)
*Annualized September 2015 figures
Footprint• In spite of slowdown, 2-3% GDP growth rate is expected
Macro Outlook
South America• A�ected by foreign and
domestic headwinds
• Positive growth in the
Pacific Alliance
Mexico• Resilient economy
• Recovery linked to the US economy
USA• Solid domestic demand
• Gradual interest rate hike
Spain• Solid GDP growth
Turkey• High growth trend despite geopolitical risk
Since the third quarter of 2015, the total stake in Garanti (39.90%) is consolidated by the full integration method. For previous years, the financial information provided in this document is presented integrated in the proportion corresponding to the percentage of the Group’s stake at that time (25.01%).
Improvement in cost of risk
USA
€ 410 M+12.1% vs. 9M14
vs. 9M14
Constant €
€ -407 M
Spain
* According to Bank of Spain's "RE transparency scope" (Circular 5-2011)
€ 1,101 M+32.0%
vs. 9M14-36.0%
Activity dynamism
New loan productiondynamism
Loan-loss provision reduction
Distribution model transformation
Market: increase in demand
BBVA: maximizing value of sales
Market: mortgages benefit from low interest
rates
Good P&L trends
Positive sensivity to rising interest rates
2015 Third Quarter Results
Net attributable profit
Net attributable profit
Net attributable profit
9M15 Results
9M15 Results
Net exposure*
Turkey Constant €
€ 249 M+7.3% vs. 9M14
Excellent NII performance
Negative trading income
Outstanding asset quality
9M15 Results
Net attributable profit
€ 1,513
Mexico Constant €
+9.6% vs. 9M14
Double-digit business activity growth
Portfolio mix change
Sound and improvingrisk indicators
9M15 Results
Net attributable profit
€ 689 M+7.1% vs. 9M14
Activity dynamism translated into P&L
Investing in transformation
Andean region growth
9M15 Results
Net attributable profit
Banking activity
RE Activity
S. America Constant €Ex. Ven.
-3.2% vs. 9M14