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

The heading “Loans and receivables - Loans and advances to customers” heading of the accompanying
consolidated balance sheets includes securitized loans that have not been derecognized as mentioned in
Note 2.2.2. The amounts recognized in the accompanying consolidated balance sheets corresponding to
these securitized loans are set forth below:
Millions of Euros
Securitized Loans
June December
2010 2009
Securitized mortgage assets 31,034 34,987
Other securitized assets 12,711 10,597
Total 43,745 45,584
Of which: - -
Liabilities associated to assets retained on the balance sheet (*) 8,164 9,012
(*)These liabilities are recognized under "Financial liabilities at amortized cost - Debt securities" in the accompanying
consolidated balance sheets (Note 23).
Some other securitized loans have been derecognized where substantially all attendant risks or benefits
were effectively transferred. As of June 30, 2010 and December 31, 2009, the outstanding balances of
derecognized securitized loans were as follows:
Millions of Euros
Derecognized Securitized Loans
June December
2010 2009
Securitized mortgage assets 105 116
Other securitized assets 242 276
Total 347 392
14. HELD-TO-MATURITY INVESTMENTS
The breakdown of the balance of this heading in the accompanying consolidated balance sheets was as
follows:
June 2010
Amortized
Cost
Unrealized
Gains
Millions of Euros
Unrealized
Losses
Fair
Value
Domestic Debt Securities
Spanish Government and other government agency debt
securities 5,999 4 (303) 5,700
Other domestic debt securities 887 1 (36) 852
Subtotal 6,886 5 (339) 6,552
Foreign Debt Securities
Government and other government agency debt securities 2,542 70 (9) 2,603
Other debt securities 340 8 (9) 339
Subtotal 2,882 78 (18) 2,942
Total 9,768 83 (357) 9,494
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