Balance Sheet at 31 December 2010 of BBVA

The number of “theoretical shares” allocated to non-executive director beneficiaries under the deferred share
distribution scheme approved by the AGM for 2010, corresponding to 20% of the total remuneration paid to
each in 2009, is set out below:
Scheme for Remuneration of Non-Executive Directors
with Deferred Distribution of Shares
Theorical
Shares
assigned in 2010
Accumulated
Theorical
Shares
Tomás Alfaro Drake 3,521 13,228
Juan Carlos Alvarez Mezquiriz 5,952 39,463
Rafael Bermejo Blanco 7,286 23,275
Ramón Bustamante y de la Mora 5,401 38,049
José Antonio Fernández Rivero 6,026 30,141
Ignacio Ferrero Jordi 5,952 40,035
Carlos Loring Martínez de Irujo 5,405 25,823
Enrique Medina Fernández 7,079 51,787
Susana Rodríguez Vidarte 4,274 24,724
Total (*) 50,896 286,525
(*) Addit ionally, were also assigned to Don Roman Knorr Borras, who resigned as director as of March 23, 2010, 5,198 theoretical shares
equivalent to 20% of t he remuneration received by him in 2009.
• PENSION COMMITMENTS
The provisions registered as of December 31, 2010 for pension commitments to the President and COO are
€14,551 thousand, of which €941 thousand were charged against 2010 earnings. As of this date, there are
no other pension obligations to executive directors.
In addition, insurance premiums amounting to €95 thousand were paid on behalf of the non-executive
members on the Board of Directors.
The provisions registered as of December 31, 2010 for pension commitments for the Management
Committee members, excluding executive directors, amounted to €51,986 thousand. Of these, €6,756
thousand were charged against 2010 earnings.
• TERMINATION OF THE CONTRACTUAL RELATIONSHIP.
There were no commitments as of December 31, 2010 for the payment of compensation to executive
directors.
In the case of the COO, the provisions of his contract stipulate that in the event that he loses this position for
any reason other than of his own will, retirement, invalidity or serious dereliction of duty, he will take early
retirement with a pension that may be received as a life annuity or a capital sum equal to 75% of his
pensionable salary if this should occur before he reaches 55 years of age, or 85% after this age.
51. DETAILS OF THE DIRECTORS’ HOLDINGS IN COMPANIES WITH SIMILAR BUSINESS ACTIVITIES
Pursuant to Article 229.2 of the Spanish Corporations Act, approved by Legislative Royal Decree 1/2010 of 2
July 2010, as of December 31, 2010, no members of the Board of Directors have a direct or indirect holding
in the common stock of companies engaging in an activity that is identical, similar or complementary to that
which constitutes the corporate purpose of BBVA. None of the directors hold executive or administrative
positions or functions at these companies.
Furthermore, it indicates that individuals associated to the members of the Board of Directors, as of
December 31, 2010 were holders of 6,594 shares of Banco Santander, S.A. and of 414 shares of Banco
Español de Crédito S.A. (Banesto).
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