Balance Sheet at 31 December 2010 of BBVA

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24/MAY/2010 9/JUN/2010 24/JUN/2010 19/JUL/2010 10/AUG/2010 17/SEP/2010 30/SEP/2010 14/OCT/2010 1/NOV/2010 25/NOV/2010 14/DEC/2010 24/DEC/2010 12,756,082 60,253,803 1.948 7,507,309 77,465,414 2.267 13,995,069 59,328,685 1.956 5,432,127 41,732,811 1.258 4,069,259 30,402,026 0.920 8,626,377 32,046,160 1.085 10,582,451 24,305,513 0.930 9,317,317 25,857,293 0.939 0 46,871,801 1.251 8,824,441 54,588,550 1.691 3,623,873 66,900,735 1.571 12,577,800 51,564,789 1,428 Gain/(Loss) on the Company’s own shares disposed of during the period (thousands of euros) -105,665 A.9. Detail the terms and conditions of the current AGM authorisation to the board of directors to buy and/or transfer treasury stock. The following is a transcription of the resolution adopted by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A. shareholders, 12th March 2010, under agenda item seven: “1.- Repealing the part not availed from the resolution adopted at the Annual General Meeting, 13th March 2009, under its agenda item seven, to authorise the Bank, directly or via any of its subsidiaries, for a maximum of five years as of the date of this present AGM, to purchase Banco Bilbao Vizcaya Argentaria, S.A. shares at any time and on as many occasions as it deems appropriate, by any means permitted by law. The purchase may be charged to the year’s earnings and/or to unrestricted reserves and the shares may be sold or redeemed at a later date. All this shall comply with article 75 and others of the Companies Act. 2.- To approve the limits or requirements of these acquisitions, which shall be as follows: - The nominal value of the shares acquired, added to those that the Bank and its subsidiaries already own, may at no time exceed ten per cent (10%) of the subscribed Banco Bilbao Vizcaya Argentaria, S.A. share capital, or, where applicable, the maximum amount authorised under prevailing legislation at any time. In all cases, such acquisition will respect the limits on treasury stock established by the regulatory authorities on the markets where Banco Bilbao Vizcaya Argentaria, S.A. shares are listed for trading. - A restricted reserve be charged to the Bank's net total assets on the balance sheet equivalent to the sum of treasury stock booked under Assets This reserve must be maintained until the WARNING: The English version is only a translation of the original in Spanish for information purposes. In case of a discrepancy, the Spanish original prevails.
shares are sold or redeemed. - The shares purchased must be fully paid up. - The purchase price will not be below the nominal price nor more than 20% above the listed price or any other price associated to the stock on the date of purchase. Operations to purchase treasury stock will comply with securities markets’ standards and customs. 3.- Express authorisation is given to earmark all or some of the shares purchased by the Bank or any of its subsidiaries hereunder for Company workers, employees or directors when they have an acknowledged right, either directly or as a result of exercising the option rights they hold, as established in the final paragraph of article 75, section 1 of the Companies Act. 4.- Reduce share capital in order to redeem such treasury stock as the Bank may hold on its Balance Sheet, charging this to profits or unrestricted reserves and to the amount which is appropriate or necessary at any time, up to the maximum value of the treasury stock held at any time. 5.- Authorise the board, in compliance with article 30c) of the corporate bylaws, to implement the above resolution to reduce share capital, on one or several occasions and within the maximum period of five years from the date of this AGM, undertaking such procedures, processes and authorisations as necessary or as required by the Companies Act and other applicable provisions. Specifically, the Board is delegated powers, within the deadlines and limits established for the aforementioned implementation, to establish the date(s) of each capital reduction, its timeliness and appropriateness, taking into account market conditions, listed price, the Bank’s economic and financial position, its cash position, reserves and business performance and any other factor relevant to the decision. It may specify the amount of the capital reduction; determine where to credit said amount, either to a restricted reserve or to freely available reserves, where relevant, providing the necessary guarantees and complying with legally established requirements amend article 5 of the company bylaws to reflect the new figure for share capital; request de-listing of the redeemed stock and, in general, adopt such resolutions as necessary regarding this redemption and the consequent capital reduction, designating the people able to formalise these actions.´ A.10. Indicate, where applicable, any legal or bylaw restriction on the exercise of voting rights, and legal restriction on the acquisition and/or transfer of shares in the company’s capital. Indicate whether there are any legal restrictions on the exercise of voting rights: NO Maximum percentage of voting rights that a shareholder may exercise due to legal restrictions 0 Indicate whether there are by-law restrictions on the exercise of voting rights: NO Maximum percentage of voting rights that a shareholder may exercise due to by-law restrictions 0 Indicate whether there are legal restrictions against the acquisition or transfer of interests in the share capital: YES WARNING: The English version is only a translation of the original in Spanish for information purposes. In case of a discrepancy, the Spanish original prevails.
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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
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APPENDIX V. Changes and notificatio
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APPENDIX VI. Fully consolidated sub
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APPENDIX VIII: Information on data
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B) DEBIT OPERATIONS Millions of Eur
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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 186 and 187: Development and coordination of Inn
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 198 and 199: Description of the legal restrictio
Page 200 and 201: B.1.3.Fill in the following tables
Page 202 and 203: Name of director (person or company
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
Page 212 and 213: Should the board decide against the
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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
Page 224 and 225: The Remuneration committee shall me
Page 226 and 227: egulators from Spain and abroad may
Page 228 and 229: established in the specific regulat
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Page 232 and 233: Bank or companies of its Group hold
Page 234 and 235: This organisational set-up is suppl
Page 236 and 237: MARKET RISK: This risk arises as a
Page 238 and 239: Liquidity risk. Liquidity risk is t
Page 240 and 241: Risk materialised in the financial
Page 242 and 243: During the first half of the year,
Page 244 and 245: 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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