Balance Sheet at 31 December 2010 of BBVA

As of December 31, 2010 and 2009 the balances of the main aggregates in the accompanying income
statements arising from the transactions carried out by the Bank with Group companies, which consist of
ordinary business and financial transactions carried out in normal market conditions, were as follows:
Millions of Euros
Balances of Income Statement arising from transactions
with Entities of the Group
2010 2009
Income statement:
Financial Revenues 936 1,016
Financial Expenses 1,033 1,277
There are no other material effects on the financial statements of the Bank arising from dealings with these
companies, other than the effects arising from using the equity method and from the insurance policies to
cover pension or similar commitments (Note 22).
In addition, as part of its normal activity, the Bank has entered into agreements and commitments of various
types with shareholders of subsidiaries and associates, which have no material effects on the financial
statements.
49.3 Transactions with directors and senior management
The information on the remuneration of key personnel (members of the Board of Directors of BBVA, S.A. and
senior management) is included in Note 50.
The amount disposed of the loans granted to members of Board of Directors as of December 31, 2010 and
2009 totaled €531 and €806 thousand, respectively.
The amount disposed of the loans granted as of December 31, 2010 and 2009 to the Management
Committee, excluding the executive directors, amounted to €4,924 and €3,912 thousand, respectively.
As of December 31, 2010 and 2009, there were no guarantees, finance leases or commercial loans provided
on behalf of members of the Bank’s Board of Directors or Management Committee.
The loans granted to parties related to key personnel (the members of the Board of Directors of BBVA and of
the Management Committee as mentioned above) as of December 31, 2010 and 2009 amounted to €28,493
thousand and €51,882 thousand, respectively.
As of December 31, 2010 and 2009, the other exposure, guarantees, financial leases and commercial loans
to parties related to key personnel amounted to €4,424 thousand and €24,514 thousand, respectively.
49.4 Transactions with other related parties
As of December 31, 2010 and 2009, the Bank did not perform any transactions with other related parties that
did not belong to the normal course of their business, that was not under market conditions and that was
relevant for the equity, income or the financial situation of the Bank.
107