BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA
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The breakdown of average number of employees in the Group in the six months ended June 30, 2010 and<br />
2009, by professional categories and geographical areas, was as follows:<br />
Average Number of Employees<br />
Average Number of Employees by Geographical Areas<br />
June June<br />
2010 2009<br />
Spanish banks<br />
Executives 1,072 1,034<br />
Other line personnel 20,811 20,767<br />
Clerical staff 4,731 5,447<br />
Branches abroad 635 670<br />
Subtotal 27,249 27,918<br />
Companies abroad<br />
Mexico 26,556 26,857<br />
Venezuela 5,690 6,053<br />
Argentina 4,098 4,205<br />
Colombia 4,305 4,263<br />
Peru 4,289 4,200<br />
United States 11,001 10,571<br />
Other 4,647 4,868<br />
Subtotal 60,586 61,017<br />
Pension fund managers 5,231 5,899<br />
Other non-banking companies 10,759 10,437<br />
Total 103,825 105,271<br />
The average number of employees in the Group in the six months ended June 30, 2010 and 2009 was as<br />
follows:<br />
June 2010 June 2009<br />
Male Female Male Female<br />
Average Number of Employees 50,237 53,588 51,691 53,580<br />
Of which:<br />
<strong>BBVA</strong>, S.A. 15,608 11,181 16,072 11,282<br />
The total number of employees in the Group as of June 30, 2010 and December 31, 2009, broken down by<br />
professional category and gender, was as follows:<br />
June 2010 December 2009<br />
Number of Employees by Professional<br />
Category and Gender<br />
Male Female Male Female<br />
Executive managers 1,683 337 1,646 328<br />
Other line personnel 23,493 19,351 21,960 18,687<br />
Clerical staff 25,385 34,123 26,913 34,187<br />
Total 50,561 53,811 50,519 53,202<br />
Equity-instrument-based employee remuneration<br />
<strong>BBVA</strong> has a variable multi-year remuneration scheme in place as part of the remuneration policy established<br />
for its executive team. It is based on the award of Bank shares that are instrumented through annual<br />
overlapping medium- and long-term programs. These consist of allocating individuals theoretical shares<br />
("units") that at the end of each program are converted into real <strong>BBVA</strong> shares, provided certain initially<br />
established conditions are met, with the number depending on a scale linked to an indicator of value<br />
generation for the shareholder, and dependent on the individual performing well during the period the<br />
program is in operation.<br />
At the conclusion of each program, the final number of shares to be granted will be equal to the result of<br />
multiplying the initial number of assigned "units" by a coefficient on a scale of between 0 and 2, which is<br />
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