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

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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. 20
The Bank of Spain has modified and updated certain parameters established by Annex IX of said Circular to adjust them to the experience and information of the Spanish banking sector as a whole following the financial crisis of the past few years. The modification to the Circular will enter into force as of September 30, 2010. At the date of preparation of these consolidated interim financial statements, the Group is assessing the impact of this modification, which it anticipates will not be substantial; whatever the case, any such impact will be absorbed by the funds for impairment losses. 21
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BANCO BILBAO VIZCAYA ARGENTARIA, S.
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27. COMMON STOCK...................
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Translation of consolidated financi
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Millions of Euros LIABILITIES AND E
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Millions of Euros June June Notes 2
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BANCO BILBAO VIZCAYA ARGENTARIA, S.
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The BBVA Group ICFR Model is summar
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2.2. ACCOUNTING POLICIES AND VALUAT
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- Other financial instruments The f
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In the case of unsecured transactio
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2.2.2. TRANSFERS AND DERECOGNITION
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The fair value of non-current asset
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2.2.7. BUSINESS COMBINATIONS The re
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insurees, as the case may be, based
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• The discount rate used is deter
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2.2.16. FOREIGN CURRENCY TRANSACTIO
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2.2.22. CONSOLIDATED STATEMENTS OF
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IFRIC 17 - Distributions of non-cas
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The Group’s activity is mainly lo
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Changes in the Group The most signi
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- In the denominator, the average n
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The breakdown of the consolidated n
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Management & Asset Allocation, Risk
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Maximum exposure to credit risk The
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debtors includes mortgages, cash gu
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Policies and procedures for prevent
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December 2009 Less than 6 Months Pa
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7.2 MARKET RISK a) Market Risk Mark
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Below are the average interest rate
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7.4. RISK CONCENTRATIONS Below is p
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Determining the fair value of finan
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Financial Instruments LEVEL 2 Valua
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The changes in the six months ended
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10.2. DEBT SECURITIES The breakdown
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11. OTHER FINANCIAL ASSETS DESIGNAT
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12.3. EQUITY INSTRUMENTS The breakd
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13.2. LOANS AND ADVANCES TO CREDIT
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Millions of Euros December 2009 Amo
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December 2009 Currency Risk Interes
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17.1. ASSOCIATES The following tabl
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17.3. INFORMATION ABOUT ASSOCIATES
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The main activity of the Group is c
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21.3 RECONCILIATION The reconciliat
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23. FINANCIAL LIABILITIES AT AMORTI
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Millions of Euros December 2009 Dem
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The item “Subordinated Liabilitie
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The breakdown of the commitments pe
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June 30, 2010 and December 31, 2009
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Post-employments Benefits in Spain
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Post-Employment Actuarial Hypothesi
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during which to increase the common
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Reserves Assigned to the Consolidat
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Millions of Euros Valuation Adjustm
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on equity (ROE) by each business; a
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39. INTEREST, INCOME AND SIMILAR EX
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39.3. AVERAGE RETURN ON INVESTMENTS
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41. SHARE OF PROFIT OR LOSS OF ENTI
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45. OTHER OPERATING INCOME AND EXPE
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linked to the movement of the Total
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48. PROVISIONS (NET) The net allowa
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The table below breaks down the mai
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The amount disposed of the loans gr
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BBVA executive team. It is to end o
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Commission (CNMV) announced the lif
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APPENDIX I. FINANCIAL STATEMENTS OF
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Page 166 and 167: Other financial assets/liabilities
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Page 170 and 171: The explanations of the changes in
Page 172 and 173: 4. SUMMARIZED INTERIM CONSOLIDATED
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Page 176 and 177: Mexico Millions of Euros Mexico Jun
Page 178 and 179: South America Millions of Euros Sou
Page 180 and 181: The United States Millions of Euros
Page 182 and 183: Wholesale Banking and Asset Managem
Page 184 and 185: The changes in the principal headin
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

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