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

The following table sets forth BBVA’s total assets and income before tax as a proportion of the total assets
and consolidated income before tax of the Group, as of June 30, 2010 and December 31, 2009:
Millions of Euros
Percentage of BBVA, S.A. of the Total Assets and Pre-Tax Profit
June December
2010 2009
% BBVA Assets over Group Assets 63% 67%
% BBVA Income before tax over consolidated income before tax 42% 49%
The Group also has other companies in Spain’s banking sector, insurance sector, real estate sector and
service and operating lease companies.
- Mexico
The Group’s presence in Mexico dates back to 1995. It operates mainly through Grupo Financiero BBVA
Bancomer, both in the banking sector through BBVA Bancomer, S.A. and in the insurance and pensions
business through Seguros Bancomer S.A. de C.V., Pensiones Bancomer S.A. de C.V. and Administradora
de Fondos para el Retiro Bancomer, S.A. de C.V.
- United States and Puerto Rico
In recent years, the Group has expanded its presence in the United States through the acquisition of several
financial groups operating in various southern states. In 2007 the Group acquired Compass Bancshares Inc.
and State National Bancshares Inc., taking control of these entities and the companies in their groups. The
merger between the three banks based in Texas owned by the Bank (Laredo National Bank, Inc., Texas
National Bank, and State National Bank) and Compass Bank, Inc. took place in 2008.
In 2009, through its subsidiary BBVA Compass, the Group acquired certain assets and liabilities of Guaranty
Bank, Inc. (hereinafter, “Guaranty Bank”) from the Federal Deposit Insurance Corporation (hereinafter,
“FDIC”). At the date of acquisition, Guaranty Bank operated 105 branches in Texas and 59 in California.
The BBVA group also has a significant presence in Puerto Rico through its subsidiary BBVA Puerto Rico,
S.A.
- Latin America
The Group’s activity in Latin America is mainly focused on the banking, insurance and pensions sectors, in
the following countries: Chile, Venezuela, Colombia, Peru, Argentina, Panama, Paraguay and Uruguay. It is
also active in Bolivia and Ecuador in the pensions sector.
The Group owns more than 50% of most of the companies in these countries. Below is a list of the
companies which, although less than 50% owned by the BBVA Group, as of June 30, 2010, are fully
consolidated at this date as a result of agreements between the Group and the other shareholders giving the
Group effective control of these entities (see Note 2.1):
Companies with a Less than a 50% Share but that have entered
into Agreements for Control with other Shareholders
% Controlled
Voting Rights % Ownership
Banco Continental, S.A. 92.2 46.1
Comercializadora Corporativa SAC 100.0 50.0
Continental Bolsa, Sociedad Agente de Bolsa, S.A. 100.0 46.1
Continental DPR Finance Company 100.0 46.1
Continental Sociedad Titulizadora, S.A. 100.0 46.1
Continental, S.A. Sociedad Administradora de Fondos 100.0 46.1
Inmuebles y Repercusiones Continental, S.A. 100.0 46.1
Banco Provincial Overseas N.V. 100.0 48.0
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