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.
The Bank’s Non-Performing Assets (“NPA”) ratios for the headings "Loans and advances to customers" and
"Contingent liabilities" as of December 31, 2010, and 2009 were:
Percentage (%)
NPA ratio 2010 2009
BBVA S.A. 3.70 3.76
A breakdown of impairment losses by type of financial instrument registered in the accompanying income
statement and the recoveries of impaired financial assets in 2010 and 2009 is provided Note 43.
The accumulated balance of impairment losses broken down by portfolio as of December 31, 2010 and 2009
is as follows:
Millions of Euros
Impairment Losses Notes 2010 2009
Available-for-sale portfolio 10 119 155
Loans and receivables 5,592 5,102
Loans and advances to customers 11 5,525 5,029
Loans and advances to credit institutions 11 57 60
Debt securities 10 13
Held to maturity investment 12 1 1
Total 5,712 5,258
Of which:
For impaired portfolio 5,294 4,244
For current portfolio non impaired 418 1,014
The changes in the accumulated losses for impairment on financial assets for the years 2010 and 2009 were
as follows:
Millions of Euros
Changes in the Impairment Losses 2010 2009
Balance at the beginning 5,258 4,302
Increase in impairment losses charged to income 3,421 3,829
Decrease in impairment losses credited to income (1,630) (2,140)
Aquisition of subsidiaries in the period - 144
Transfers to written-off loans (1,471) (832)
Exchange differences and other 134 (45)
Balance at the end 5,712 5,258
Of which:
For impaired portfolio 5,294 4,244
For current portfolio non impaired 418 1,014
43