Balance Sheet at 31 December 2010 of BBVA

Additional Information on Consolidated Subsidiaries composing the BBVA Group (Continued)
%of Voting Rights Thousands of Euros (*)
Controlled by the Bank
Affiliate Entity Data
Company Location Activity Direct Indirect Total
Net Assets as Liabilities
Equity
Carrying of as of
12.31.10
Amount 12.31.10 12.31.10
BANCOMER TRANSFER SERVICES, INC. UNITED STATES FINANCIAL SERVICES - 100.0 100.0 27,707 71,644 43,936 18,342 9,366
BBV AMERICA, S.L. SPAIN INVESTMENT COMPANY 100.0 - 100.0 479,328 880,779 21 880,228 530
BBVA & PARTNERS ALTERNATIVE INVESTMENT A.V., S.A. SPAIN SECURITIES DEALER 70.0 - 70.0 1,331 9,880 2,239 6,463 1,178
BBVA ASESORIAS FINANCIERAS, S.A. CHILE FINANCIAL SERVICES - 100.0 100.0 3,990 5,374 1,385 1,174 2,815
BBVA ASSET MANAGEMENT (IRELAND) LIMITED IRELAND FINANCIAL SERVICES - 100.0 100.0 245 270 34 311 (75)
BBVA ASSET MANAGEMENT ADMINISTRADORA GENERAL DE FONDOS
S.A. CHILE FINANCIAL SERVICES - 100.0 100.0 15,821 18,002 2,181 9,875 5,946
BBVA ASSET MANAGEMENT, S.A., SGIIC SPAIN FINANCIAL SERVICES 17.0 83.0 100.0 11,436 152,334 69,240 57,373 25,721
BBVA AUTORENTING SPA ITALY SERVICES - 100.0 100.0 66,793 314,830 281,221 30,091 3,518
BBVA BANCO DE FINANCIACION S.A. SPAIN BANKING - 100.0 100.0 64,200 703,047 630,388 72,438 221
BBVA BANCO FRANCES, S.A. ARGENTINA BANKING 45.7 30.4 76.0 64,589 5,249,989 4,563,209 459,362 227,418
BBVA BANCOMER FINANCIAL HOLDINGS, INC. UNITED STATES INVESTMENT COMPANY - 100.0 100.0 48,091 42,900 (5,324) 37,394 10,830
BBVA BANCOMER GESTION, S.A. DE C.V. MEXICO FINANCIAL SERVICES - 100.0 100.0 30,613 54,585 23,972 12,548 18,065
BBVA BANCOMER OPERADORA, S.A. DE C.V. MEXICO SERVICES - 100.0 100.0 41,407 304,008 262,600 30,568 10,840
BBVA BANCOMER SERVICIOS ADMINISTRATIVOS, S.A. DE C.V. MEXICO SERVICES - 100.0 100.0 534 24,503 23,969 394 140
BBVA BANCOMER, S.A. DE C.V. MEXICO BANKING - 100.0 100.0 6,561,797 69,666,830 63,107,804 5,212,420 1,346,606
BBVA BRASIL BANCO DE INVESTIMENTO, S.A. BRASIL BANKING 100.0 - 100.0 16,166 47,756 6,722 39,060 1,974
BBVA CORREDURIA TECNICA ASEGURADORA, S.A.) SPAIN FINANCIAL SERVICES 99.9 0.1 100.0 297 35,016 3,907 25,730 5,379
BBVA CAPITAL FINANCE, S.A. SPAIN FINANCIAL SERVICES 100.0 - 100.0 60 2,983,028 2,982,710 267 51
BBVA CARTERA DE INVERSIONES,SICAV,S.A. SPAIN VARIABLE CAPITAL 100.0 - 100.0 118,444 120,093 121 118,880 1,092
BBVA COLOMBIA, S.A. COLOMBIA BANKING 76.2 19.2 95.4 265,416 8,634,332 7,753,127 714,310 166,895
BBVA COMERCIALIZADORA LTDA. CHILE FINANCIAL SERVICES - 100.0 100.0 (1,154) 3,050 4,205 (710) (445)
BBVA COMPASS CONSULTING & BENEFITS, INC UNITED STATES FINANCIAL SERVICES - 100.0 100.0 13,449 13,723 275 13,143 305
BBVA COMPASS INSURANCE AGENCY, INC UNITED STATES FINANCIAL SERVICES - 100.0 100.0 146,614 155,943 9,328 140,493 6,122
BBVA COMPASS INVESTMENT SOLUTIONS, INC UNITED STATES FINANCIAL SERVICES - 100.0 100.0 51,158 56,021 4,862 40,773 10,386
BBVA CONSOLIDAR SEGUROS, S.A. ARGENTINA INSURANCES SERVICES 87.8 12.2 100.0 6,496 48,124 29,304 17,334 1,486
BBVA CONSULTING ( BEIJING) LIMITED CHINA FINANCIAL SERVICES - 100.0 100.0 477 683 182 440 61
BBVA CONSULTORIA, S.A. SPAIN SERVICES - 100.0 100.0 2,227 4,257 707 2,933 617
BBVA CORREDORA TECNICA DE SEGUROS LIMITADA CHILE FINANCIAL SERVICES - 100.0 100.0 13,377 15,902 2,501 7,075 6,326
BBVA CORREDORES DE BOLSA LIMITADA CHILE SECURITIES DEALER - 100.0 100.0 48,415 573,180 524,768 41,467 6,945
BBVA DINERO EXPRESS, S.A.U SPAIN FINANCIAL SERVICES 100.0 - 100.0 2,186 14,524 9,298 4,820 406
BBVA FACTORING LIMITADA (CHILE) CHILE FINANCIAL SERVICES - 100.0 100.0 6,765 31,974 25,207 5,443 1,324
BBVA FIDUCIARIA , S.A. COLOMBIA FINANCIAL SERVICES - 100.0 100.0 23,453 26,094 2,614 17,487 5,993
BBVA FINANCE (UK), LTD. UNITED KINGDOM FINANCIAL SERVICES - 100.0 100.0 3,324 24,867 13,603 11,198 66
BBVA FINANCE SPA. ITALY FINANCIAL SERVICES 100.0 - 100.0 4,648 6,860 1,332 5,398 130
BBVA FINANCIAMIENTO AUTOMOTRIZ, S.A. CHILE INVESTMENT COMPANY - 100.0 100.0 145,494 145,529 35 120,467 25,027
BBVA FINANZIA, S.p.A ITALY FINANCIAL SERVICES 50.0 50.0 100.0 29,200 600,187 573,633 38,061 (11,507)
BBVA FUNDOS, S.Gestora Fundos Pensoes,S.A. PORTUGAL FINANCIAL SERVICES - 100.0 100.0 998 8,679 445 6,448 1,786
BBVA GEST, S.G.DE FUNDOS DE INVESTIMENTO MOBILIARIO, S.A. PORTUGAL FINANCIAL SERVICES - 100.0 100.0 998 7,206 120 6,834 252
BBVA GLOBAL FINANCE LTD. CAYMAN ISLANDS FINANCIAL SERVICES 100.0 - 100.0 - 688,846 685,142 3,776 (72)
BBVA GLOBAL MARKETS B.V. NETHERLANDS FINANCIAL SERVICES 100.0 - 100.0 18 256,964 256,960 17 (13)
(*) Information on foreign companies at exchange rate on December 31, 2010
Profit
(Loss)
12.31.10
123