Balance Sheet at 31 December 2010 of BBVA

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Development and coordination of Innovation and Technology Finally, the Area is responsible for coordinating the Group’s Growth and Differentiation Plan, support to the Business Continuity function and Global Management of Fraud risk. In order to coordinate the Group’s Growth and Differentiation Plan, which has been defined for the next five years, a Global Project Office has been created, aimed at strengthening the Plan, supporting the definition and monitoring of corporate metrics, and collaborating in cultural evolution initiatives and in the associated Communication Plan. The Business Continuity area has redefined 128 continuity plans in 25 countries. Some of them were activated during the year, such as in the case of snowstorms in Spain, etc. Being aware that Business Continuity also has a major systemic derivative, BBVA continues to actively promote the creation of collaboration and exchange areas for best business practices with other financial institutions, regulatory and supervisory authorities, and other sectors through participation and support in institutions and platforms created for this purpose in various countries, such as CECON (Spanish Business Continuity Consortium) in Spain. 2010 saw the consolidation of the Global Management of Fraud Risk function in the BBVA Group, with a parallel gradual evolution towards its integral management in virtually all countries and businesses in which the Group is present. The first internal forum on Fraud Risk took place, setting out the Group’s best practices and the trends in this area, and which in turn established the bases for the development of global plans. In addition, the publication of the BBVA Group’s Anti-fraud Program helped to strengthen the function. 11. ENVIRONMENTAL INFORMATION Environmental commitment BBVA prioritizes sustainable development. As a financial institution, the Bank’s activities have a significant impact on the environment: via the consumption of natural resources, e.g. management of its properties, use of paper, travel, etc. (direct impacts) and most notably, via the environmental ramifications of the products and services it provides, especially those related to financing, asset management and management of its supply chain (indirect impacts). Environmental Policy Targets The objectives of BBVA's environmental policy are as follows: • Compliance with prevailing environmental legislation in all BBVA's operating markets • Ongoing improvement in its ability to identify and manage the environmental risks incidental to BBVA's financing and investment activities • Develop environmentally-friendly financial products and services • Eco-efficiency in the use of natural resources, including setting and delivery of targets for improvement • Manage direct impacts through an environmental management system based on standard ISO/14001. • To exert a positive influence on the environmental records of its stakeholders by communicating with them and raising their awareness of the importance of the environment as an additional input in business and human management practice • Inform, communicate, raise awareness and train its employees on environmental matters • To promote environmental sponsorship, volunteering initiatives and research • To support the main initiatives to fight against and prevent climate change The principal international environmental commitments that BBVA assumes are: 11
• United Nations Global Compact (since 2002) www.globalcompact.org • UNEP- FI (since 1998) www.unepfi.org • Equator Principles (since 2004) www.equator-principles.com • Carbon Disclosure Project (since 2004) www.cdproject.com • Principles for Responsible Investment (since 2008) www.unpri.org Environmental policy scope, governance and review This environmental policy is global in scope and affects all the activities undertaken by the Group, i.e., the banks and subsidiaries over which BBVA exerts effective control. The Corporate Responsibility and Reputation (CRR) Committee is tasked with coordinating environmental policy and overseeing compliance with it through an environmental management system. The members of the BBVA Group's Executive Committee also oversee correct compliance with this policy. To this end, its members make an effort to develop and oversee its implementation in the BBVA Group. This policy is reviewed and updated periodically by the Corporate Responsibility and Reputation Committee. Main environmental actions in 2010 The main environmental actions that BBVA carried out in 2010 are as follows: • Meeting each of the targets of the Global Eco-Efficiency Plan 2008-2012, designed to minimize BBVA’s direct environmental impacts, and which has been allocated a budget of €19 million. The Plan will involve an annual saving of €1.5 million, as a result of efficient use of natural resources. The Plan’s goals per employee are as follows: - A 20% reduction in BBVA's carbon emissions - A 10% reduction in paper consumption - A 7% reduction in water consumption - A 2% reduction in energy consumption - 20% of employees to work in ISO 14001 certified buildings - LEED Gold certification for the new headquarters in Madrid, Mexico and Paraguay • Improved environmental risk management systems in project finance (Equator Principles), and in determining borrower’s credit profiles (Ecorating) • Leadership in financing of renewable energy projects internationally • Support for major international initiatives to fight against climate change. In 2010, the BBVA Group subscribed the following international environmental initiatives: CDP Water Disclosure Project, Cancun Communiqué and the Global Investor Statement on Climate Change. • Development of ambitious environmental sponsorship programs, particularly through the BBVA Foundation. Worth noting are the BBVA Foundation Frontiers of Knowledge awards in the Ecology, Conservation Biology and Climate Change categories, each provided with €400,000. Moreover, in 2010 the BBVA Foundation, in partnership with CSIC, implemented a scholarship program and a publication relating to the Malaspina 2010 expedition, which seeks to assess the impact of global change on the oceans and study its biodiversity. • Launch of an internal communication plan within the framework of the 2008-2012 Global Eco- Efficiency Plan in order to raise environmental awareness among all BBVA Group employees. As of December 31, 2010, there were no items in BBVA’s financial statements that warranted inclusion in the environmental information document set out in the Ministry of the Economy Order dated October 8, 2001. 12
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For the year ended December 31, 201
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Translation of financial statements
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The table below outlines the financ
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The breakdown, by transaction type
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2009 Unrealized Gains Millions of E
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11. LOANS AND RECEIVABLES 11.1. BRE
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Additionally, this heading of the a
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As of December 31, 2010 and 2009 th
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As of December 31, 2010 and 2009, t
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15. INVESTMENTS 15.1. INVESTMENTS I
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The changes in 2010 and 2009 in the
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16. TANGIBLE ASSETS As of December
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directives and regulations and by T
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In addition to the income tax recog
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20.2. DEPOSITS FROM CREDIT INSTITUT
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The changes in 2010 and 2009 in the
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This heading of the balance sheet i
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22. PENSION AND OTHER COMMITMENTS T
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The defined benefit commitments as
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• Other commitments with employee
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22.2.3. Summary of effects on profi
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24. SHARE PREMIUM The amounts under
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The percentages of treasury stock h
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29. FINANCIAL GUARANTEES AND DRAWAB
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The amounts recognized in equity in
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38. NET GAINS (LOSSES) ON FINANCIAL
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Equity-instrument-based employee re
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43. IMPAIRMENT LOSSES ON FINANCIAL
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48. ACCOUNTANT FEES AND SERVICES Th
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50. REMUNERATION OF THE BANK’S DI
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The number of “theoretical shares
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APPENDICES 112
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BANCO BILBAO VIZCAYA ARGENTARIA, S.
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APPENDIX II. Additional information
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Additional Information on Consolida
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APPENDIX III. Additional informatio
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APPENDIX V. Changes and notificatio
Page 136 and 137: APPENDIX V. Changes and notificatio
Page 138 and 139: APPENDIX VI. Fully consolidated sub
Page 140 and 141: APPENDIX VIII: Information on data
Page 142 and 143: B) DEBIT OPERATIONS Millions of Eur
Page 144 and 145: Appendix X. Balance sheets as of De
Page 146 and 147: APPENDIX XII. List of Agents 3U EMP
Page 148 and 149: ARCOS GONZALEZ, FELIX ARTEKARITZA A
Page 150 and 151: BARRIONUEVO VACA, JOSE LUIS BLANCO
Page 152 and 153: COLL PEREZ-GRIFO, ANA MARTA COOP. O
Page 154 and 155: EUROCONSULTING ECONOMISTAS, S.L. FE
Page 156 and 157: GESTION DE INVERSIONES Y PROMOCIONE
Page 158 and 159: INVERSIONES BARCARES 55, S.L. JAURE
Page 160 and 161: MARTINEZ FERNANDEZ, HECTOR MAYORDOM
Page 162 and 163: ORRIOLS GESE, JORDI PASOCORRECTO, S
Page 164 and 165: ROJAS ALBENDIN, S.L. RUIZ-ESTELLER
Page 166 and 167: SUBCONTAB, S.L. TORRICO Y SALMERON,
Page 168 and 169: APPENDIX XIII. Balance Sheet of Ban
Page 170 and 171: APPENDIX XIV. Years in which the di
Page 172 and 173: Deposits from customers Redeemable
Page 174 and 175: Mortgage-backed bonds Non-current a
Page 176 and 177: BANCO BILBAO VIZCAYA ARGENTARIA, S.
Page 178 and 179: inflation, this is forcing the auth
Page 180 and 181: 6. COMMON STOCK AND TREASURY STOCK
Page 182 and 183: The grievances and complaints handl
Page 184 and 185: Development of virtual banking In 2
Page 188 and 189: 12. OTHER INFORMATION AND SUBSEQUEN
Page 190 and 191: Termination of Directorship Directo
Page 192 and 193: ANNUAL CORPORATE GOVERNANCE REPORT
Page 194 and 195: A.3. Complete the following tables
Page 196 and 197: 24/MAY/2010 9/JUN/2010 24/JUN/2010
Page 198 and 199: Description of the legal restrictio
Page 200 and 201: B.1.3.Fill in the following tables
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Page 204 and 205: B.1.8. List, where applicable, any
Page 206 and 207: c) Total remuneration by type of di
Page 208 and 209: Article 50 b of the BBVA bylaws est
Page 210 and 211: 4. Propose the senior management re
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Page 220 and 221: B.2. Committees of the Board of Dir
Page 222 and 223: Article 32. Composition The Appoint
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MARKET RISK: This risk arises as a
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Liquidity risk. Liquidity risk is t
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Risk materialised in the financial
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During the first half of the year,
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On second summons, twenty-five perc
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the General Meeting as established
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Resolution Three adopted by 95.29%.
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a) The transformation of listed com
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See section: B.1.3 Complies 12. Amo
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See sections: B.1.28 and B.1.30 Com
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34. Directors who give up their pla
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4.- Propose the remuneration policy
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a) To monitor the preparation and t
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G OTHER INFORMATION OF INTEREST If
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(3) Roman Knörr Borrás, who stood
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The provisions registered as of Dec
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Balance Sheet at 31 December 2010 of BBVA

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