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.
INCOME STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009 (Notes 1 to 4)
Millions of Euros
Notes 2010 2009(*)
INTEREST AND SIMILAR INCOME 34 8,759 11,420
INTEREST AND SIMILAR EXPENSES 34 (3,718) (5,330)
NET INTEREST INCOME 5,041 6,090
DIVIDEND INCOME 35 2,129 1,773
FEE AND COMMISSION INCOME 36 1,806 1,948
FEE AND COMMISSION EXPENSES 37 (270) (303)
NET GAINS (LOSSES) ON FINANCIAL ASSETS AND LIABILITIES 38 738 96
Financial instruments held for trading 256 (133)
Other financial instruments at fair value through profit or loss - -
Other financial instruments not at fair value through profit or loss 482 229
Rest - -
EXCHANGE DIFFERENCES (NET) 112 259
OTHER OPERATING INCOME 39 102 81
OTHER OPERATING EXPENSES 39 (106) (98)
GROSS INCOME 9,552 9,846
ADMINISTRATION COSTS 40 (3,409) (3,337)
Personnel expenses (2,202) (2,251)
General and administrative expenses (1,207) (1,086)
DEPRECIATION AND AMORTIZATION 41 (276) (243)
PROVISIONS (NET) 42 (405) (269)
IMPAIRMENT LOSSES ON FINANCIAL ASSETS (NET) 43 (1,925) (1,698)
Loans and receivables (1,794) (1,518)
Other financial instruments not at fair value through profit or loss (131) (180)
NET OPERATING INCOME 3,537 4,299
(*) Presented for comparison purposes only.
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