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

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December 2009 Less than 6 Months Past-Due 6 to 12 Months Past-Due Millions of Euros 12 to 18 18 to 24 Months Months Past-Due Past-Due More than 24 Months Past-Due Spain 4,644 1,827 2,177 948 1,879 11,475 Rest of Europe 88 16 8 7 29 148 Latin America 1,309 133 79 16 490 2,027 The United States 1,671 - - - 187 1,858 Rest of the world 14 - - - 1 15 Total 7,726 1,976 2,264 971 2,586 15,523 Total The table below depicts the finance income accrued on impaired financial assets as of June 30, 2010 and December 31, 2009: Millions of Euros June 2010 December 2009 Financial Income from Impaired Assets 1,676 1,485 This income is not recognized in the accompanying consolidated income statements due to the existence of doubts as to the collection of these assets. Note 2.2.1.b gives a description of the individual analysis of impaired financial assets, including the factors the entity takes into account in determining that they are impaired and the extension of guarantees and other credit enhancements. The following shows the changes in impaired financial assets written off from the balance sheet for the six months ended June 30, 2010 and in the year ended December 31, 2009 because the possibility of their recovery was deemed remote: Millions of Euros Changes in Impaired Financial Assets Written-Off from the Balance Sheet June 2010 June 2009 Balance at the beginning 9,833 6,872 Increase: 2,152 1,454 Decrease: (609) (349) Re-financing or restructuring - - Cash recovery (111) (80) Foreclosed assets (9) (9) Sales of wrrtten-off (204) - Other causes (285) (260) Net exchange differences 675 32 Balance at the end 12,051 8,009 The Group’s Non-Performing Assets (“NPA”) ratios for the headings "Loans and advances to customers" and "Contingent liabilities" as of June 30, 2010 and December 31, 2009 were: Percentage (%) June 2010 December 2009 NPA ratio (%) 4.2 4.3 A breakdown of impairment losses by type of financial instrument registered in income statement and the recoveries of impaired financial assets are provided Note 49. 56
The accumulated balance of impairment losses broken down by portfolio as of June 30, 2010 and December 31, 2009 is as follows: Millions of Euros Impairment Losses Notes June December 2010 2009 Available-for-sale portfolio 12 484 449 Loans and receivables 13 9,710 8,805 Loans and advances to customers 13.3 9,625 8,720 Loans and advances to credit institutions 13.2 62 68 Debt securities 23 17 Held to maturity investment 14 1 1 Total 10,195 9,255 Of which: - - For impaired portfolio 7,169 6,380 For current portfolio non impaired 3,026 2,875 In addition to total amount of funds indicated above, as of June 30, 2010 and December 31, 2009, the amount of the provisions for contingent exposures and commitments rose to €313 and €243 million euros, respectively (see Note 25). The changes for the six months ended June 30, 2010 and 2009 in the accumulated impairment losses were as follows: Millions of Euros Changes in the Impairment Losses June June 2010 2009 Balance at the beginning 9,255 7,711 Increase in impairment losses charged to income 3,618 3,403 Decrease in impairment losses credited to income (1,088) (1,378) Transfers to written-off loans, exchange differences and other (1,590) (1,608) Balance at the end 10,195 8,128 The majority of the impairment on financial assets corresponds to the heading "Loans and receivables - Loans and advances to customers". The changes for the six months ended June 30, 2010 and 2009 in impairment losses were as follows: Millions of Euros Changes in the Impairment Losses of the heading Loans and Receivables - Loans and advances to customers June 2010 June 2009 Balance at the beginning 8,720 7,412 Increase in impairment losses charged to income 3,546 3,314 Decrease in impairment losses credited to income (1,063) (1,365) Transfers to written-off loans, exchange differences and other (1,578) (1,679) Balance at the end 9,625 7,682 As of June 30, 2010 and December 31, 2009, the amount of accumulated impairment losses associated with the impaired assets corresponding to “Loans and receivables - Loans and advances to customers” rose to €6,621 and €5,864 million, respectively. Likewise, as those dates, the amount of accumulated impairment losses corresponding to the not individually impaired assets of said heading rose to €3,004 and €2,856 million, respectively. 57
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BANCO BILBAO VIZCAYA ARGENTARIA, S.
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27. COMMON STOCK...................
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Translation of consolidated financi
Page 8 and 9: Millions of Euros LIABILITIES AND E
Page 10 and 11: Millions of Euros June June Notes 2
Page 12 and 13: Translation of consolidated financi
Page 14 and 15: Translation of consolidated financi
Page 16 and 17: BANCO BILBAO VIZCAYA ARGENTARIA, S.
Page 18 and 19: The BBVA Group ICFR Model is summar
Page 20 and 21: 2.2. ACCOUNTING POLICIES AND VALUAT
Page 22 and 23: - Other financial instruments The f
Page 24 and 25: In the case of unsecured transactio
Page 26 and 27: 2.2.2. TRANSFERS AND DERECOGNITION
Page 28 and 29: The fair value of non-current asset
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Page 32 and 33: insurees, as the case may be, based
Page 34 and 35: • The discount rate used is deter
Page 36 and 37: 2.2.16. FOREIGN CURRENCY TRANSACTIO
Page 38 and 39: 2.2.22. CONSOLIDATED STATEMENTS OF
Page 40 and 41: IFRIC 17 - Distributions of non-cas
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Page 44 and 45: Changes in the Group The most signi
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Page 48 and 49: The breakdown of the consolidated n
Page 50 and 51: Management & Asset Allocation, Risk
Page 52 and 53: Maximum exposure to credit risk The
Page 54 and 55: debtors includes mortgages, cash gu
Page 56 and 57: Policies and procedures for prevent
Page 60 and 61: 7.2 MARKET RISK a) Market Risk Mark
Page 62 and 63: Below are the average interest rate
Page 64 and 65: 7.4. RISK CONCENTRATIONS Below is p
Page 66 and 67: Determining the fair value of finan
Page 68 and 69: Financial Instruments LEVEL 2 Valua
Page 70 and 71: The changes in the six months ended
Page 72 and 73: 10.2. DEBT SECURITIES The breakdown
Page 74 and 75: 11. OTHER FINANCIAL ASSETS DESIGNAT
Page 76 and 77: 12.3. EQUITY INSTRUMENTS The breakd
Page 78 and 79: 13.2. LOANS AND ADVANCES TO CREDIT
Page 80 and 81: Millions of Euros December 2009 Amo
Page 82 and 83: December 2009 Currency Risk Interes
Page 84 and 85: 17.1. ASSOCIATES The following tabl
Page 86 and 87: 17.3. INFORMATION ABOUT ASSOCIATES
Page 88 and 89: The main activity of the Group is c
Page 90 and 91: 21.3 RECONCILIATION The reconciliat
Page 92 and 93: 23. FINANCIAL LIABILITIES AT AMORTI
Page 94 and 95: Millions of Euros December 2009 Dem
Page 96 and 97: The item “Subordinated Liabilitie
Page 98 and 99: The breakdown of the commitments pe
Page 100 and 101: June 30, 2010 and December 31, 2009
Page 102 and 103: Post-employments Benefits in Spain
Page 104 and 105: Post-Employment Actuarial Hypothesi
Page 106 and 107: 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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Millions of Euros LIABILITIES AND E
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Millions of Euros (Continued) June
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APPENDIX II. Additional information
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APPENDIX III. Additional informatio
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APPENDIX V. Changes and notificatio
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APPENDIX VI. Fully consolidated sub
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APPENDIX VIII. Breakdown of the mos
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Outsanding as of June 30, 2010 of S
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APPENDIX IX. Consolidated balance s
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Diluted earnings per share Early re
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Other financial assets/liabilities
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BANCO BILBAO VIZCAYA ARGENTARIA, S.
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The explanations of the changes in
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4. SUMMARIZED INTERIM CONSOLIDATED
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Spain and Portugal Millions of Euro
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Mexico Millions of Euros Mexico Jun
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South America Millions of Euros Sou
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The United States Millions of Euros
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Wholesale Banking and Asset Managem
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The changes in the principal headin
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Aggregating Tier I and Tier II, as
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

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