Balance Sheet at 31 December 2010 of BBVA

52. OTHER INFORMATION
52.1. ENVIRONMENTAL IMPACT
Given the activities in which it engages, the Bank has no environmental liabilities, expenses, assets,
provisions or contingencies that could have a significant effect on its equity, financial situation and profits.
Consequently, as of December 31, 2010 there is no item in the financial statements that requires disclosure
in an environmental information report pursuant to the Ministry of Economy Order of October 8, 2001, and no
specific disclosure of information on environmental matters is included in these statements.
52.2. DETAIL OF AGENTS OF CREDIT INSTITUTIONS
Appendix XII contains an inventory of the agents of the banks as required in accordance with article 22 of
Royal Decree 1245/1995, July 14, of the Ministry of Economy and Finance.
52.3. REPORT ON THE ACTIVITY OF THE CUSTOMER CARE SERVICE AND THE CUSTOMER
OMBUDSMAN
The report on the activity of the Customer Care Department and the Customer Ombudsman required
pursuant to Article 17 of Ministry of Economy and Finance Order ECO/734/2004 of March 11 is included in
the Management Report accompanying these financial statements.
52.4. OTHER INFORMATION
The Group is party to certain legal actions in a number of jurisdictions, including, among others, Spain,
Mexico and the United States, arising out of its ordinary business operations. BBVA considers that none of
those actions is material and none is expected to result in a significant adverse effect on BBVA’s financial
position at either the individual or consolidated level. Management believes that adequate provisions have
been made in respect of the litigation arising out of its ordinary business operations. BBVA has not disclosed
to the markets any contingent liability that could arise from said legal actions as it does not consider them
material.
53. SUBSEQUENT EVENTS
The Directors of the subsidiaries Banco de Crédito Local de España, S.A. (Unipersonal) and BBVA Factoring
E.F.C., S.A. (Unipersonal), in meetings of their respective boards of directors held on January 28, 2011 and
February 1, 2011, respectively, have approved a project for the takeover of Finanzia Banco de Crédito,
S.A.U. by Banco Bilbao Vizcaya Argentaria, S.A. and the subsequent transfer of all its equity interest to
Banco Bilbao Vizcaya Argentaria, S.A., which will acquire all the rights and obligations of the companies it
had purchased through universal succession.
The merger agreement will be submitted to shareholders for approval at the AGM during the first quarter of
the year. Given that the merged company is fully owned by Banco Bilbao Vizcaya Argentaria, S.A. in
accordance with Article 49.1 of Act 3/2009 of April 3 on the structural modifications of trading corporations, it
will not be necessary to carry out any share capital increase of Banco Bilbao Vizcaya Argentaria, S.A. or
prepare reports by the managers of the companies involved in the merger, or by independent experts on the
merger proposal.
As of January 17, 2011, Banco Bilbao Vizcaya Argentaria, S.A. acquired its condition as sole shareholder as
a result of the acquisition of shares in possession of the Corporación General Financiera, S.A. and Cidessa
Uno, S.L. as of December 31, 2010.
Since January 1, 2011 until the preparation of these annual financial statements, no other significant events,
not mentioned above, have taken place significantly affecting the Bank’s results or its equity position.
54. EXPLANATION ADDED FOR TRANSLATION TO ENGLISH
These financial statements are presented on the basis of accounting principles generally accepted in Spain.
Certain accounting practices applied by the Bank that conform with accepted accounting principles in Spain
may not conform with generally accepted accounting principles in other countries.
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