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

Changes in the Group
The most significant changes in subsidiaries during the six months ended June 30, 2010 and 2009 are as
follows:
In the six months period ended June 30, 2010
• Purchase of Credit Uruguay Banco
In May 2010, the Group announced that it has reached an agreement to acquire, through its subsidiary
BBVA Uruguay, the Credit Uruguay Banco, from a French financial group for an approximate total of 100
million US dollars. This acquisition has not yet been formalized, as it was still pending the corresponding
authorizations at the time these accompanying interim consolidated financial statements were prepared.
In 2009
• Purchase of assets and liabilities of Guaranty Bank
On August 21, 2009, through its subsidiary BBVA Compass, the Group acquired certain Guaranty Bank
assets and liabilities from FDIC through a public auction for qualified investors.
BBVA Compass acquired assets, mostly loans, for approximately $11,441 million (approximately €8,016
million) and assumed liabilities, mostly customer deposits, for $12,854 million (approximately €9,006
million). These acquired assets and liabilities represented 1.5% and 1.8% of the Group's total assets and
liabilities, respectively, on the acquisition date.
In addition, the purchase included a loss-sharing agreement with the U.S. supervisory body FDIC under
which the latter undertook to assume 80% of the losses of the loans purchased by the BBVA Group up
to the first $2,285 million, and up to 95% of the losses if they exceeded this amount. This commitment
has a maximum term of 5 or 10 years, based on the portfolios.
4. DIVIDENDS PAID BY THE BANK
The dividends paid per share during the six months ended June 30, 2010 and 2009, respectively, were as
follows:
Dividends Paid
% Over
Nominal
June 2010
Euros per
Share
Amount
(Millions of
Euros)
% Over
Nominal
June 2009
Euros per
Share
Amount
(Millions of
Euros)
Ordinary shares 31% 0.150 562 34% 0.167 626
Rest of shares - - - - - -
Total dividends paid 31% 0.150 562 34% 0.167 626
Dividends with charge to income 31% 0.150 562 34% 0.167 626
Dividends with charge to reserve or share
premium - - - - - -
Dividends in kind - - - - - -
On April 12, 2010, the complementary dividend for the year 2009 was paid for a gross amount of €0.150 per
share (€0.1215 net per share).
The Board of Directors of Banco Bilbao Vizcaya Argentaria, S.A. at a meeting held on June 30, 2010,
resolved to distribute the first dividend against the profit of 2010, amounting to a total of €0.090 gross
(€0.0729 net) per share. The aggregate amount of the interim dividends declared as of June 30, 2010 that
was paid as of July 10, 2010, net of the amount collected by the Group companies, was €332 million and
was recognized under the heading “Stockholders’ funds - Dividends and remuneration” in the consolidated
balance sheet (Note 23).
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