Balance Sheet at 31 December 2010 of BBVA

Translation of financial statements originally issued in Spanish and prepared in accordance with generally accounting principles Spain
(See Note 1 and 54). In the event of a discrepancy, the Spanish-language version prevails.
Below are details of the impaired financial assets as of December 31, 2010, without considering impaired
contingent liabilities, classified by geographical location of risk and by the time since their oldest past-due
amount or the period since they were deemed impaired:
Impaired Assets by Geographic Area and Time
2010
Less than 6
Months
Past-Due
6 to 9
Months
Past-Due
Millions of Euros
9 to 12 More than 12
Months Months
Past-Due Past-Due
Spain 4,547 984 736 4,584 10,851
Rest of Europe 10 27 - 33 70
Rest of the world 260 40 56 121 477
Total 4,817 1,051 792 4,738 11,398
Total
The table below shows the finance income accrued on impaired financial assets as of December 31, 2010,
and 2009:
Millions of Euros
2010 2009
Financial Income from Impaired Assets 1,267 1,001
This income is not recognized in the accompanying income statement due to the existence of doubts as to
the collectability of these assets.
Note 2.1.b gives a description of the individual analysis of impaired financial assets, including the factors the
entity takes into account in determining that they are impaired and the extension of guarantees and other
credit enhancements.
The following shows the changes in impaired financial assets written off from the balance sheet for the years
ended December 31, 2010 and 2009 because the possibility of their recovery was deemed remote:
Millions of Euros
Changes in Impaired Financial Assets Written-Off from the
Balance Sheet
2010 2009
Balance at the beginning 5,356 4,545
Increase: 2,015 1,141
Assets of remote collectability 1,594 833
Past-due and not collected income 421 289
Contributions by mergers - 19
Decrease: (303) (331)
Cash recovery (109) (80)
Foreclosed assets - (16)
Definitive derecognitions (194) (235)
Cancellation (95) (110)
Expiry of rights (1) -
Other causes (98) (125)
Net exchange differences 3 1
Balance at the end 7,071 5,356
42