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.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
BALANCE SHEETS AS OF DECEMBER 31, 2010 AND 2009 (Notes 1 to 4)
Millions of Euros
ASSETS Notes 2010 2009 (*)
CASH AND BALANCES WITH CENTRAL BANKS 7 4,165 3,286
FINANCIAL ASSETS HELD FOR TRADING 8 51,348 57,532
Loans and advances to credit institutions - -
Loans and advances to customers - -
Debt securities 13,016 22,833
Equity instruments 4,608 4,996
Trading derivatives 33,724 29,703
Memorandum item: Loaned or advanced as collateral 8,669 12,665
OTHER FINANCIAL ASSETS DESIGNATED AT FAIR VALUE
THROUGH PROFIT OR LOSS 9 - -
Loans and advances to credit institutions - -
Loans and advances to customers - -
Debt securities - -
Equity instruments - -
Memorandum item: Loaned or advanced as collateral - -
AVAILABLE-FOR-SALE FINANCIAL ASSETS 10 26,712 35,964
Debt securities 22,131 30,610
Equity instruments 4,581 5,354
Memorandum item: Loaned or advanced as collateral 5,901 23,777
LOANS AND RECEIVABLES 11 264,278 256,355
Loans and advances to credit institutions 28,882 27,863
Loans and advances to customers 234,031 228,491
Debt securities 1,365 1
Memorandum item: Loaned or advanced as collateral 42,333 40,040
HELD-TO-MATURITY INVESTMENTS 12 9,946 5,437
Memorandum item: Loaned or advanced as collateral - 1,178
FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO
HEDGES OF INTEREST RATE RISK 13 40 -
HEDGING DERIVATIVES 13 2,988 3,082
NON-CURRENT ASSETS HELD FOR SALE 14 958 570
INVESTMENTS IN ENTITIES ACCOUNTED FOR USING THE
EQUITY METHOD 15 24,368 22,120
Associates 3,612 2,296
Jointly controlled entities 14 17
Subsidiaries 20,742 19,807
INSURANCE CONTRACTS LINKED TO PENSIONS 22 1,847 1,883
TANGIBLE ASSETS 16 1,459 1,464
Property, plants and equipment 1,458 1,461
For own use 1,458 1,461
Other assets leased out under an operating lease - -
Investment properties 1 3
Memorandum item: Loaned or advanced as collateral - -
INTANGIBLE ASSETS 17 410 246
Goodwill - -
Other intangible assets 410 246
TAX ASSETS 18 3,161 3,188
Current 324 448
Deferred 2,837 2,740
OTHER ASSETS 19 431 718
TOTAL ASSETS 392,111 391,845
(*) Presented for comparison purposes only
The accompanying Notes 1 to 53 and Appendices I to XV are an integral part of the balance sheet as
of December 31, 2010.
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