Balance Sheet at 31 December 2010 of BBVA

Name of committee
Brief description
RENUMERATION COMMITTEE
The Chair of the Remuneration committee presented a report to the BBVA Board of Directors on its
activities during 2010, describing the tasks carried out with respect to the annual report on the
Board remuneration policy.
Name of committee
AUDIT COMMITTEE
Brief description
The BBVA Audit & Compliance committee has a set of specific regulations approved by the
Board, which govern its operation and powers, amongst other things. These regulations are
available on the Company's website (www.bbva.com).
During 2010, no amendments have been made to said Audit & Compliance committee
regulations.
The Board Regulations, as detailed in section B.2.3 of this report,include specific sections for each
committee, regulating their composition, duties and operation.
The chair of the Audit committee presented the Board of Directors a report on its activities,
describing the tasks the committee carried out with respect to its duties and, especially, with
respect to the financial statements of the Bank and its Group, its work with the Group’s external
auditors and the core features of the external audit plan for 2010, the monitoring of the internal
control on financial information and the communications sent to the Group by the different regulators
and the approval of the Regulatory Compliance Plan for the year.
Name of committee
Brief description
RISKS COMMITTEE
The BBVA Risks committee has a set of specific regulations approved by the Board, which govern
its operation and powers, etc. These regulations are available on the Company's website
(www.bbva.com).
During 2010, no amendments have been made to said BBVA Risks committee regulations.
The Board Regulations, amended in December 2007, as detailed in section B.2.3 of this report,
include specific sections for each committee, regulating their composition, duties and operation.
The Risks Committee presented a report to the Board of Directors regarding the most
significant aspects of what it did during 2010, describing the analysis and evaluation of proposals
on the Group's risk policies and strategies on the global risk map; the monitoring of the degree to
which the risks borne by the Bank match the profile established and checking of the implementation
of suitable means, systems and structures to implement its strategy in risk management.
B.2.6. Indicate whether the composition of the Executive Committee reflects the participation of the different
directors in the Board of Directors based on their category:
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.