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

Aggregating Tier I and Tier II, as of June 30, 2010, gives a BIS total capital ratio of 12.7%, compared with
13.6% as of December 31, 2009.
Millions of Euros
The Group capital base
June December
2010 2009
% Change
Stockholders' funds 28,609 29,512 (3.1)
Adjustments (5,680) (8,321) (31.7)
Mandatory convertible bonds 2,000 2,000 -
CORE CAPITAL 24,929 23,191 7.5
Preferred securities 5,224 5,129 1.9
Adjustments (1,802) (1,066) 69.1
CAPITAL (TIER I) 28,351 27,254 4.0
Subordinated debt and other 12,737 13,251 (3.9)
Deductions (1,802) (1,065) 69.2
OTHER ELIGIBLE CAPITAL (TIER II) 10,935 12,186 (10.3)
CAPITAL BASE (TIER I + TIER II) (a) 39,286 39,440 (0.4)
Minimum capital requirement (BIS II Regulations) 24,769 23,282 6.4
CAPITAL SURPLUS 14,517 16,158 (10.2)
RISK WEIGHTED ASSETS (b) 309,617 291,025 6.4
BIS RATIO (a)/(b) 12.7% 13.6%
CORE CAPITAL 8.1% 8.0%
TIER I 9.2% 9.4%
TIER II 3.5% 4.2%
8. COMMON STOCK AND TREASURY STOCK
Information about common stock and transactions with treasury stock are shown in Notes 27 and 30 in the
accompanying interim consolidated financial statements.
9. APPLICATION OF EARNINGS
Information about application of earnings is broken down in Note 4 in the accompanying interim consolidated
financial statements.
10. CORPORATE GOVERNANCE
In accordance with the provisions of Article 116 of the Spanish Securities Market Act, the BBVA Group has
prepared the Annual Corporate Governance Report for 2009, following the content guidelines set down in
Order ECO 3722/2003 dated December 26 and in the CNMV Circular 4/2007, dated December 27, including
a section detailing the degree to which the Bank is compliant with existing corporate governance
recommendations in Spain.
In addition, all the disclosure required by article 117 of the Spanish Securities Market Law, as enacted by
Law 26/2003 and by Order ECO 3722/2003 dated December 26, can be accessed on BBVA’s webpage at
www.bbva.es in the section entitled “Corporate Governance.
11. SUBSEQUENT EVENTS
Amendment of the Bank of Spain Circular 4/2004
As of July 13, 2010, the Bank of Spain Circular 3/2010 of June 29 was published in the Boletín Oficial del
Estado (BOE). The Circular introduced a modification to Circular 4/2004 with regard to hedging for
impairment losses on credit risk (non-performing loan provisions) by Spanish credit institutions.
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