BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

• The balance of "Other operating income and expenses” for the six months ended June 30, 2010 was
a loss of €19 million, a fall of 16.8% compared with the loss of €23 million for the six months ended June
30, 2009, due to a reduction in allocations to the deposit guarantee fund in the United States.
As a result, the balance of “Gross income” for the six months ended June 30, 2010 was €1,306 million, an
increase of 9.4% over the €1,194 million recorded for the six months ended June 30, 2009.
• The balance "Operating expenses” for the six months ended June 30, 2010 was €751 million, an
increase of 10.9% over the €677 million recorded for the six months ended June 30, 2009, mainly due to
the acquisition of Guaranty Bank mentioned above.
As a result of the foregoing, the "Operating income" for the six months ended June 30, 2010 was €555
million, an increase of 7.4% over the €516 million recorded for the six months ended June 30, 2009.
• The balance of “Impairment losses on financial assets (net)” for the six months ended June 30, 2010
was €336 million, an increase of 14.7% over the €293 million recorded for the six months ended June
30, 2009, due mainly to the increase in impaired assets arising from the economic situation. However, it
is important to note that the rate of growth of this item is slowing if compared with a year previously.
• The balance of "Provisions (net)” and “Other gains (losses)” for the six months ended June 30, 2010
was of provisions of €17 million, a fall of 20% on the provisions of €20 million for the six months ended
June 30, 2009.
As a result of the foregoing, the balance of “Income before tax” for the six months ended June 30, 2010
was €202 million, a fall of 0.3% over the €203 million for the six months ended June 30, 2009.
• The balance of “Income tax” for the six months ended June 30, 2010 was €58 million, a fall of 9.2% on
the €64 million for the six months ended June 30, 2009.
In all, the “Net income attributed to parent company” for the six months ended June 30, 2010 was €144
million, an increase of 3.9% on the figure of €138 million for the six months ended June 30, 2009 (at constant
exchange rates the increase would have been a fall of 2.1%).
The changes in the principal headings of activity in this area of business were as follows:
• As of June 30, 2010, the balance of “Loans and advances to customers (gross)“ amounted to
€45,270 million, 10.1% more than the €41,122 million as of December 31, 2009, mainly due to the
exchange-rate movements since then (at constant exchange rates there would have been a fall of
6.2%).
• As of June 30, 2010, total customer funds were €56,682 million, a fall of 7.0% compared with the
figure of €60,963 million as of December 31, 2009, due mainly to the maturity of some deposit
certificates.
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