Banco Bilbao Vizcaya Argentaria, S.A
(NYSE:BBVA)

Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking, asset management, and private banking services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan product...

Website: http://www.bbva.com

Founded: 1999

Full Time Employees: 124,110

Sector: Financial Services

Industry: Banks-Diversified

Financial Services

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-06-30	2024-12-31	2017-02-01	2014-07-30	2014-04-30	2013-02-01	2008-12-31	2008-07-16	2008-02-15	2008-01-11	2007-12-31	2007-10-23	2007-07-31	2007-05-29	2007-02-27	2006-12-31	2006-11-20	2006-03-30	2005-12-31

interest and other income	28,468,000,000
interest income using effective interest rate method	25,731,000,000
other interest income	2,737,000,000
interest expense	-15,861,000,000
net interest income	12,607,000,000		4,385,000,000	3,647	3,391	3,910		2,734,000,000	9,769,000,000	7,025,000,000		4,613,000,000	4,613,000,000	2,233,000,000	8,374,138,000		4,050,526,000	7,207,969,000
dividend income	76,000,000		131,000,000	342	29	17
share of profit or loss of entities accounted for using the equity method	30,000,000		7,000,000					139,000,000	242,000,000	160,000,000		103,000,000	103,000,000	26,000,000	307,648,000		70,021,000	121,495,000
fee and commission income	6,514,000,000							1,382,000,000	5,592,000,000	4,096,000,000		2,716,000,000	2,716,000,000	1,351,000,000	5,118,682,000			4,669,124,000
fee and commission expense	-2,503,000,000
gains on derecognition of financial assets and liabilities not measured at fair value through profit or loss	193,000,000
financial assets at amortized cost	30,000,000
other financial assets and liabilities	163,000,000
gains on financial assets and liabilities held for trading	1,151,000,000
reclassification of financial assets from fair value through other comprehensive income
reclassification of financial assets from amortized cost
other gains	1,151,000,000		-284,000,000	-191	-173	-269		113,000,000	496,000,000	427,000,000		326,000,000	326,000,000	56,000,000			978,752,000
gains on non-trading financial assets mandatorily at fair value through profit or loss	188,000,000
gains on financial assets and liabilities designated at fair value through profit or loss	29,000,000
gains from hedge accounting	-7,000,000
exchange differences	-123,000,000							123,000,000	409,000,000	332,000,000		229,000,000	229,000,000	88,000,000	377,628,000		210,558,000	287,014,000
other operating income	351,000,000							62,000,000	240,000,000	114,000,000		71,000,000	71,000,000	40,000,000	117,070,000		52,239,000	134,559,000
other operating expense	-1,228,000,000
income from insurance and reinsurance contracts	1,866,000,000
expense from insurance and reinsurance contracts	-1,109,000,000
gross income	18,034,000,000		6,222,000,000	5,317	5,051	5,858		5,526,000,000	18,133,000,000	13,493,000,000		9,272,000,000	9,272,000,000	4,957,000,000	15,700,636,000		7,923,727,000	13,023,561,000
administration costs	-6,038,000,000
personnel expense	-3,693,000,000
other administrative expense	-2,345,000,000
depreciation and amortization	-749,000,000			-286	-279	-294		-177,000,000	-577,000,000	-393,000,000			-247,000,000	-120,000,000
provisions or reversal of provisions	-133,000,000
impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification	-2,761,000,000
financial assets measured at amortized cost	-2,794,000,000
financial assets at fair value through other comprehensive income	33,000,000
net operating income	8,353,000,000							3,427,000,000	10,544,000,000	8,041,000,000		5,719,000,000	5,719,000,000	3,196,000,000	8,883,105,000		4,575,024,000	6,823,084,000
impairment or reversal of impairment of investments in joint ventures and associates	32,000,000
impairment or reversal of impairment on non-financial assets	-5,000,000
tangible assets												-201,000,000
intangible assets	-4,000,000											-46,000,000
other assets												-1,000,000
gains on derecognition of non-financial assets and subsidiaries	7,000,000
negative goodwill recognized in profit or loss
gains from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations	37,000,000
profit before tax from continuing operations	8,424,000,000
tax expense or income related to profit or loss from continuing operations	-2,626,000,000
profit after tax from continuing operations	5,798,000,000
profit after tax from discontinued operations
profit	5,798,000,000
attributable to minority interests	351,000,000
attributable to owners of the parent	5,447,000,000
earnings per share	0.91
basic earnings per share from continuing operations	0.91
diluted earnings per share from continuing operations	0.91
basic earnings per share from discontinued operations
diluted earnings per share from discontinued operations
net fees and commissions			1,161,000,000	1,101	985	1,126
net trading income			379,000,000	426	751	646
other operating income and expenses			159,000,000	-215	-90	-32
operating expenses			-3,243,000,000	-2,662	-2,613
personnel expenses			-1,698,000,000	-1,359	-1,375	-1,472		-1,178,000,000	-4,335,000,000	-3,146,000,000		-2,067,000,000	-2,067,000,000	-1,035,000,000
other administrative expenses			-1,180,000,000					-730,000,000	-2,718,000,000	-1,943,000,000		-1,278,000,000	-1,278,000,000	-628,000,000
depreciation			-365,000,000
operating income			2,980,000,000	2,655	2,438	3,003
yoy
qoq			112240954.61%	8.90%	-18.81%
impairment on financial assets			-687,000,000	-1,073	-1,103	-2,676
provisions			-723,000,000	-298	-144	-227
income before tax			1,285,000,000	1,092	1,017	-168		2,783,000,000	8,495,000,000	6,607,000,000		4,701,000,000	4,701,000,000	2,714,000,000			4,475,320,000
income tax			-314,000,000	-292	-273	220		-738,000,000	-2,080,000,000	-1,626,000,000		-1,177,000,000	-1,177,000,000	-692,000,000
net income from ongoing operations			971,000,000	800	744	52
results from corporate operations
net income			971,000,000	800	744	190
yoy
qoq			121374900.00%	7.53%	291.58%
non-controlling interests			-293,000,000	-95	-120	-170
net attributable profit			678,000,000	704	624	20
attributable profit without corporate transactions			678,000,000
earning per share			0.09
income by the equity method				16	-14	191
general and administrative expenses				-1,017	-959	-1,089
basic earnings per share				0.12	0.11	0.01						0.96					98
pro forma financial statements with the revenues and expenses of the garanti group consolidated in proportion to the percentage of the group’s stake.
basic earnings per share diluted					0.1
operating costs						-2,855
net income from discontinued operations						138
adjusted						-1,042
basic earnings per share adjusted						0.19
consolidated statement of income data
interest and similar income								7,169,000,000	25,352,000,000	18,065,000,000		11,496,000,000	11,496,000,000	5,523,000,000	19,210,234,000		9,047,463,000	15,847,674,000
interest expense and similar charges								-4,491,000,000	-15,931,000,000	-11,268,000,000		-7,081,000,000	-7,081,000,000	-3,324,000,000
income from equity instruments								56,000,000	348,000,000	228,000,000		198,000,000	198,000,000	34,000,000	379,473,000		188,974,000	292,495,000
fee and commission expenses								-207,000,000	-869,000,000	-643,000,000		-430,000,000	-430,000,000	-218,000,000
insurance activity income								199,000,000	729,000,000	524,000,000		341,000,000	341,000,000	171,000,000	650,431,000		296,831,000	486,923,000
gains/losses on financial assets and liabilities								1,156,000,000	2,261,000,000	1,999,000,000			1,700,000,000	1,306,000,000
sales and income from the provision of non-financial services								114,000,000	788,000,000	623,000,000		420,000,000	420,000,000	219,000,000	605,227,000			576,373,000
cost of sales								-87,000,000	-601,000,000	-484,000,000		-306,000,000	-307,000,000	-167,000,000
other operating expenses								-103,000,000	-386,000,000	-223,000,000		-146,000,000	-146,000,000	-70,000,000
impairment losses								-566,000,000	-1,937,000,000	-1,341,000,000		-882,000,000	-881,000,000	-372,000,000
provision expense								-141,000,000	-210,000,000	-180,000,000		-169,000,000	-169,000,000	-122,000,000
finance income from non-financial activities									2,000,000	1,000,000				20,000,000			9,105,000
finance expenses from non-financial activities									-1,000,000	-1,000,000				-17,000,000
other losses								-50,000,000	-399,000,000	-340,000,000		-293,000,000	-293,000,000	-45,000,000
income from continuing operations								2,045,000,000		4,981,000,000			3,524,000,000	2,022,000,000
income from discontinued operations
consolidated income for the period								2,045,000,000		4,981,000,000		3,524,000,000	3,524,000,000	2,023,000,000			3,468,667,000
income attributed to minority interests								-94,000,000	-289,000,000	-225,000,000			-150,000,000	-72,000,000
income attributed to the group								1,951,000,000	6,126,000,000	4,756,000,000			3,374,000,000	1,950,000,000			3,336,328,000
per share/ads data
number of shares outstanding								3,747,969,121		3,747,969,121			3,552	3,552
income from ordinary activities									6,415,000,000			3,524,000,000					3,468,667,000
consolidated income for the year									6,415,000,000
income on equity having the nature of a financial liability
other												-7,081,000,000					51,928,000
associates												20,000,000			49,349,000		44,124,000	87,491,000
jointly controlled entities												83,000,000			258,299,000		25,897,000	34,004,000
insurance and reinsurance premium income												1,222,000,000			2,483,999,000		1,283,832,000	2,916,831,000
reinsurance premiums paid												-31,000,000
benefits paid and other insurance-related expenses												-809,000,000
reinsurance income												12,000,000			75,953,000		28,203,000	44,228,000
net provisions for insurance contract liabilities												-384,000,000
finance income												471,000,000			968,057,000		456,251,000	904,318,000
finance expense												-140,000,000
gains or losses on financial assets and liabilities												1,700,000,000			1,655,911,000		1,145,940,000	980,164,000
held for trading												335,000,000			715,651,000			897,484,000
other financial instruments at fair value through profit or loss												28,000,000			62,068,000		11,409,000	33,022,000
available-for-sale financial assets												1,234,000,000			1,120,591,000		780,777,000	428,560,000
loans and receivables												59,000,000			77,263,000			129,203,000
depreciation and amortisation												-247,000,000
held-to-maturity investments																	451,000
non-current assets held for sale												-9,000,000
investments
goodwill
other intangible assets												-1,000,000
gains on disposal of tangible assets												281,000,000					37,831,000
gains on disposal of investment												1,000,000
losses on disposal of tangible assets												-14,000,000
losses on disposal of investment												-6,000,000
income atributed to minority interest												-150,000,000
income atributed to the group												3,374,000,000
earnings per share for continuing operations
diluted earnings per share												0.96					98
fee and commisision income																	2,535,286,000
held and trading																	336,152,000
loans abd receivables																	71,786,000
sales and income from the provision of nonfinancial services																	317,798,000
gains on disposal of investments																	888,993,000
losses on disposal of investments
items
net income for the period																	3,336,328,000
weighted-average number of shares outstanding																	3,388,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2023-12-31	2013-03-31	2011-06-30	2010-12-31	2010-10-29	2010-06-24	2010-05-11	2009-12-31	2008-12-31	2008-02-15	2008-01-11	2007-10-23	2006-12-31	2006-11-20	2006-03-30	2006-02-27	2005-12-31	2005-03-30

3q	4,000,000
net interest income	6,406,000,000								2,430,000
net fees and commissions	2,234,000,000
net trading income	983,000,000
other operating income and expenses	-303,000,000
gross income	9,320,000,000
operating expenses	-4,004,000,000
personnel expenses	-2,216,000,000
other administrative expenses	-1,380,000,000
depreciation	-408,000,000
operating income	5,316,000,000
impairment on financial assets not measured at fair value through profit or loss	-1,466,000,000
provisions or reversal of provisions	-99,000,000
other gains	8,000,000
profit before tax	3,759,000,000
income tax	-1,171,000,000
profit for the period	2,588,000,000
non-controlling interests	-155,000,000
net attributable profit	2,433,000,000
adjusted earning (loss) per share (euros) ⁽¹⁾	410,000
earning (loss) per share (euros) ⁽¹⁾	400,000
⁽¹⁾ for more information, see alternative performance measures at this report.
consolidated income statement
consolidated balance sheet
30-09-25
cash, cash balances at central banks and other demand deposits			50,406,000,000	58,588,000,000
financial assets held for trading			101,716,000,000	127,551,000,000															31,223,865,000
non-trading financial assets mandatorily at fair value through profit or loss			10,570,000,000	9,560,000,000
financial assets designated at fair value through profit or loss			929,000,000	869,000,000
financial assets at fair value through accumulated other comprehensive income
financial assets at amortized cost			512,434,000,000	475,861,000,000
loans and advances to central banks and credit institutions
loans and advances to customers
debt securities
investments in joint ventures and associates
tangible assets			9,530,000,000	9,351,000,000														4,234,816,000	2,060,765,000
intangible assets			2,492,000,000	2,322,000,000														1,871,598,000	51,920,000
other assets			5,197,000,000	4,131,000,000														2,425,651,000	616,788,000
total assets			772,863,000,000	769,341,000,000		615,257,000,000			557,761,000,000	553,922,000,000				502,204,000,000	492,674,000,000	466,443,000,000	411,916,000,000	390,234,817,000	279,140,621,000
financial liabilities held for trading			76,246,000,000	98,313,000,000															14,579,963,000
other financial liabilities designated at fair value through profit or loss
financial liabilities at amortized cost			594,752,000,000	571,381,000,000
deposits from central banks and credit institutions
deposits from customers
debt certificates
other financial liabilities																		6,354,842,000
liabilities under insurance and reinsurance contracts			11,392,000,000	10,970,000,000
other liabilities			6,001,000,000	7,189,000,000															7,004,000
total liabilities			713,599,000,000	712,568,000,000														372,706,790,000	266,290,411,000
accumulated other comprehensive income		-18,896,000,000	-17,948,000,000	-17,647,000,000	-16,254,000,000
shareholders’ funds		75,724,000,000	73,025,000,000	70,536,000,000	67,955,000,000
total equity		60,887,000,000	59,264,000,000	56,772,000,000	55,265,000,000	46,571,000,000	37,643,000,000	37,475,000,000	32,909,000,000	31,824,000,000	37,475,000,000	30,763,000,000				23,705,000,000		17,528,027,000	12,850,210,000	22,318,478,000		17,302,112,000
total liabilities and equity							568,705,000,000	552,738,000,000			552,738,000,000	535,065,000,000	542,650,000,000					390,234,817,000		411,916,307,000		392,389,494,000
memorandum item:
guarantees given
capital		2,824,000,000	2,824,000,000	2,824,000,000	2,861,000,000								1,837,000,000					1,661,518,000	1,661,518,000	1,740,465,000		1,661,518,000
paid up capital		2,824,000,000			2,861,000,000
unpaid capital which has been called up
share premium		19,184,000,000	19,184,000,000	19,184,000,000	19,769,000,000		17,104,000,000	17,104,000,000			17,104,000,000	12,453,000,000	12,770,000,000					6,658,390,000	6,658,390,000	9,579,443,000		6,658,390,000
equity instruments issued other than capital
other equity		31,000,000	27,000,000	35,000,000	40,000,000
retained earnings		46,528,000,000	46,582,000,000	40,797,000,000	36,237,000,000
revaluation reserves
other reserves		1,805,000,000	1,845,000,000	1,851,000,000	2,015,000,000
reserves or accumulated losses of investments in joint ventures and associates		-233,000,000			-237,000,000
other		2,039,000,000			2,252,000,000								89,000,000					2,036,581,000		34,809,000		141,000
less: treasury shares		-95,000,000	-135,000,000	-109,000,000	-34,000,000								-720,000,000
profit or loss attributable to owners of the parent		5,447,000,000	2,698,000,000	7,622,000,000	8,019,000,000
less: interim dividends				-1,668,000,000	-951,000,000
items that will not be reclassified to profit or loss		-2,075,000,000			-2,105,000,000
actuarial gains on defined benefit pension plans		-1,230,000,000			-1,049,000,000
non-current assets and disposal groups classified as held for sale			807,000,000	822,000,000
share of other recognized income and expense of investments in joint ventures and associates
fair value changes of equity instruments measured at fair value through other comprehensive income		-779,000,000			-1,112,000,000
hedge ineffectiveness of fair value hedges for equity instruments measured at fair value through other comprehensive income
fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their credit risk		-66,000,000			55,000,000
items that may be reclassified to profit or loss		-16,821,000,000			-14,148,000,000
hedge of net investments in foreign operations		-2,459,000,000			-2,498,000,000
foreign currency translation		-14,444,000,000			-11,419,000,000
hedging derivatives. cash flow hedges		346,000,000			133,000,000
fair value changes of debt instruments measured at fair value through other comprehensive income		-257,000,000			-357,000,000
hedging instruments		-3,000,000
minority interests		4,059,000,000	4,187,000,000	3,883,000,000	3,564,000,000								1,049,000,000	880,000,000	854,000,000	797,000,000	768,000,000	765,759,000		768,162,000		971,490,000
other items		7,193,000,000			6,885,000,000
total equity and total liabilities		776,974,000,000	772,863,000,000	769,341,000,000	775,558,000,000
memorandum item								2,010,000,000			2,010,000,000	2,009,000,000
notes					2,023,000,000
loan commitments given		211,381,000,000	205,240,000,000	182,572,000,000	152,868,000,000
financial guarantees given		22,273,000,000	23,151,000,000	20,309,000,000	18,839,000,000
other commitments given		60,682,000,000	59,422,000,000	50,433,000,000	42,577,000,000
financial assets at fair value through other comprehensive income			59,718,000,000	59,961,000,000
derivatives - hedge accounting			1,068,000,000	1,297,000,000
fair value changes of the hedged items in portfolio hedges of interest rate risk			-67,000,000	-72,000,000
joint ventures and associates			981,000,000	973,000,000
insurance and reinsurance assets			184,000,000	187,000,000
tax assets			16,897,000,000	17,939,000,000														5,633,325,000	3,939,982,000
liabilities and equity
financial liabilities designated at fair value through profit or loss			15,309,000,000	14,443,000,000
provisions			4,370,000,000	4,480,000,000														8,409,947,000	6,376,428,000
tax liabilities			3,373,000,000	3,255,000,000														1,575,611,000	1,579,989,000
liabilities included in disposal groups classified as held for sale
consolidated balance sheet data
common stock						2,670,000,000	2,230,000,000	2,201,000,000	1,837,000,000	1,837,000,000	2,201,000,000	1,837,000,000
loans and receivables						374,604,000,000			360,762,000,000	355,526,000,000				338,492,000,000	338,543,000,000	322,452,000,000	279,855,000,000		183,250,928,000
customer deposits						293,734,000,000			255,798,000,000	255,301,000,000
debt certificates and subordinated liabilities						94,724,000,000			112,947,000,000	115,815,000,000
non-controlling interest						2,362,000,000	1,562,000,000	1,556,000,000			1,556,000,000	1,463,000,000
stockholders’ funds							38,677,000,000	36,689,000,000			36,689,000,000	29,362,000,000	26,586,000,000
issued							2,230,000,000	2,201,000,000			2,201,000,000	1,837,000,000	1,837,000,000					1,661,518,000		1,740,465,000		1,661,518,000
unpaid and uncalled
reserves							17,903,000,000	14,360,000,000			14,360,000,000	12,074,000,000	9,410,000,000					4,177,869,000	2,001,854,000	3,628,984,000		2,172,158,000
accumulated reserves							17,538,000,000	14,305,000,000			14,305,000,000	11,765,000,000	8,801,000,000					3,806,235,000		3,405,655,000		1,923,243,000
reserves (losses) of entities accounted for using the equity method							365,000,000	55,000,000			55,000,000	309,000,000	609,000,000					371,634,000		223,329,000		238,915,000
other equity instruments							42,000,000	37,000,000			37,000,000	12,000,000	89,000,000					22,937,000	141,000	34,809,000		141,000
equity component of compound financial instruments
less: treasury stock							-354,000,000	-552,000,000			-552,000,000	-224,000,000
income attributed to the parent company							2,339,000,000	4,606,000,000			4,606,000,000	4,210,000,000
less: dividends and remuneration							-587,000,000	-1,067,000,000			-1,067,000,000	-1,000,000,000	-1,820,000,000
valuation adjustments							-2,596,000,000	-770,000,000			-770,000,000	-62,000,000	-930,000,000					1,540,474,000	1,809,782,000	3,340,694,000		3,294,955,000
available-for-sale financial assets							125,000,000	333,000,000			333,000,000	1,951,000,000	931,000,000					1,962,338,000	32,895,371,000	3,355,572,000		3,002,784,000
cash flow hedging							74,000,000	49,000,000			49,000,000	188,000,000
hedging of net investment in foreign transactions							-16,000,000	-158,000,000			-158,000,000
exchange differences							-2,576,000,000	-978,000,000			-978,000,000	-2,236,000,000	-2,231,000,000									838,270,000
non-current assets held-for-sale
entities accounted for using the equity method							-203,000,000	-16,000,000			-16,000,000	-184,000,000	-84,000,000
other valuation adjustments
rest							1,731,000,000	1,642,000,000			1,642,000,000	1,445,000,000
contingent exposures							36,360,000,000	36,441,000,000			36,441,000,000	33,185,000,000	35,952,000,000					36,040,194,000				29,861,597,000
contingent commitments							96,290,000,000	90,574,000,000			90,574,000,000	92,323,000,000	98,897,000,000					89,828,807,000				89,498,392,000
consolidated ratios
profitability ratios:
return on average total assets									950,000					1,390,000			1,260,000
return on average equity									17,200,000					34,200,000			37,600,000
credit quality data
loan loss reserve									9,423,000,000					7,135,000,000		6,931,000,000	6,417,000,000
loan loss reserve as a percentage of total loans and receivables									2,610,000					2,110,000		2,150,000	2,290,000
substandard loans									15,325,000,000					3,358,000,000		2,881,000,000	2,492,000,000
substandard loans as a percentage of total loans and receivables									4,250,000					990,000		890,000	890,000
hedging of net investment in a foreign transactions												219,000,000
non-current assets held for sale																			29,722,000
income attributed to the group													5,020,000,000					3,336,328,000		4,735,879,000		3,806,425,000
cash flow heges													207,000,000
hedges of net investment in a foreign operations													247,000,000
non-current assets helf for sale
total stockholders’ equity													26,705,000,000
capital stock														1,837,000,000	1,837,000,000	1,740,000,000	1,740,000,000
deposits from other creditors														236,183,000,000	240,094,000,000	223,793,000,000	192,374,000,000
marketable debt securities and subordinated liabilities														98,661,000,000	99,726,000,000	100,844,000,000	91,271,000,000
shareholders’ equity														24,811,000,000					11,040,428,000			13,035,667,000
net interest margin														2,120,000			2,120,000
due from banks															28,966,000,000
loans to customers															302,040,000,000
stockholders’ equity															24,040,000,000		18,210,000,000
for own use																		3,653,891,000
investment properties																		62,338,000
other assets leased out under an operating lease																		518,587,000
goodwill																		1,690,156,000
other intangible asssets																		181,442,000
current																		338,691,000
deferred																		5,294,634,000
prepayments and accrued income																		543,837,000	512,377,000
inventories																		389,070,000
fiancial liabilities held for trading																		13,378,970,000
deposits from credit institutions
money market operations through counterparties
trading derivatives																		10,987,616,000
short positions																		2,391,354,000
other financial liabilities at fair value through profit or loss																		647,695,000
financial liabilities at fair value through equity
financial liabilities at amortised cost																		333,584,723,000	242,037,543,000
deposits from central banks																		19,865,767,000
subordinated liabilities																		12,778,920,000
changes in the fair value of the hedged items in portfolio hedges of interest rate risk
hedging derivatives																		2,512,357,000	2,505,102,000
liabilities associated with non-current assets held for sale
liabilities under insurance contracts																		9,700,984,000
provisions for pensions and similar obligations																		6,085,031,000
provisions for taxes																		141,985,000
provisions for contingent exposures and commitments																		471,080,000
other provisions																		1,711,851,000
accrued expenses and deferred income																		1,581,856,000	762,477,000
welfare fund
equity having the nature of financial liability
cash flow hedges																				16,859,000
hedges of net investmentes in foreign operations
shareholders´ equity																		15,221,794,000
associates																		44,382,000		38,956,000
jointly controlled entities																		327,252,000		184,373,000		299,457,000
less: dividends and remunerations
memorandum items
financial guarantees																		35,295,836,000				29,176,854,000
assets earmarked for third-party obligations
other contingent exposures																		744,358,000				684,743,000
drawable by third parties																		84,510,444,000				85,001,452,000
other commitments																		5,318,363,000				4,496,940,000
assets
cash and balances with central banks																			2,707,634,000
held-to-maturity investments																			3,959,264,000
investments																			13,296,918,000
insurance contracts linked to pensions																			2,089,985,000
liabilities
equity having the nature of a financial liability
equity
profit attributed to the group																			1,918,142,000
total equity and liabilities																			279,140,621,000
hedges of net investments in foreign operations
stockholder’s equity																				18,209,622,000
2.
3.
4,
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24
25
26
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41
42.
43.
44
45.
46.
47
48
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
exhibits consolidated companies composing registrant
presented only for comparison purposes only.

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2008-12-31

cash flows from operating activities	10,962,000,000		157,000,000	-11,490,000,000
of which hyperinflation effect from operating activities	1,282,000,000	926,000,000	609,000,000	1,980,000,000
profit for the period	8,461,000,000		2,882,000,000	7,987,000,000
adjustments to obtain the cash flow from operating activities	10,579,000,000		3,717,000,000	11,022,000,000
depreciation and amortization	1,128,000,000	749,000,000	378,000,000	1,125,000,000
other adjustments	9,451,000,000	6,248,000,000	3,339,000,000	9,896,000,000
net increase/decrease in operating assets/liabilities	-6,255,000,000		-7,012,000,000	-26,783,000,000
financial assets/liabilities held for trading	-2,044,000,000		-3,262,000,000	-11,084,000,000
non-trading financial assets mandatorily at fair value through profit or loss	-375,000,000	-585,000,000	-248,000,000	-2,106,000,000
other financial assets/liabilities designated at fair value through profit or loss	2,246,000,000		537,000,000	2,582,000,000
financial assets at fair value through other comprehensive income	-477,000,000	181,000,000	-1,069,000,000	-1,969,000,000
financial assets/liabilities at amortized cost	-6,000,000,000		-3,449,000,000	-15,839,000,000
other operating assets/liabilities	395,000,000		480,000,000	1,634,000,000
collection/payments for income tax	-1,823,000,000		570,000,000	-3,716,000,000
cash flows from investing activities	-925,000,000		-274,000,000	-1,166,000,000
of which hyperinflation effect from investing activities	311,000,000	215,000,000	138,000,000	718,000,000
tangible assets	-423,000,000	-249,000,000	-131,000,000	-845,000,000	-157,956,000,000
intangible assets	-682,000,000	-437,000,000	-177,000,000	-523,000,000	-820,682,000,000
investments in joint ventures and associates	44,000,000		12,000,000	21,000,000
subsidiaries and other business units				-23,000,000
non-current assets/liabilities held for sale	136,000,000		22,000,000	204,000,000
other settlements/collections related to investing activities
cash flows from financing activities	-1,881,000,000		491,000,000	-1,436,000,000
of which hyperinflation effect from financing activities
dividends	-2,357,000,000			-2,245,000,000
subordinated liabilities	1,009,000,000	-2,275,000,000	771,000,000	2,314,000,000	-12,326,642,000,000
treasury share amortization/increase				-37,000,000
treasury share acquisition/disposal	-58,000,000		-103,000,000	-842,000,000
other items relating to financing activities	-476,000,000	-416,000,000	-177,000,000	-627,000,000
effect of exchange rate changes	-2,176,000,000		-1,114,000,000	-2,736,000,000
net increase/decrease in cash and cash equivalents	5,980,000,000		-739,000,000	-16,828,000,000
cash and cash equivalents at beginning of the period	51,145,000,000		51,145,000,000	75,416,000,000
cash and cash equivalents at end of the period	57,125,000,000		50,406,000,000	58,588,000,000
a) cash flows from operating activities		-6,208,000,000
1. profit for the period		5,798,000,000
2. adjustments to obtain the cash flow from operating activities		6,997,000,000
3. net increase/decrease in operating assets		-40,975,000,000
financial assets held for trading		1,655,000,000			-47,025,096,000,000
other financial assets designated at fair value through profit or loss		-157,000,000
financial assets at amortized cost		-42,610,000,000
other operating assets		541,000,000
4. net increase/decrease in operating liabilities		22,885,000,000
financial liabilities held for trading		-2,986,000,000			-14,110,677,000,000
other financial liabilities designated at fair value through profit or loss		1,448,000,000
financial liabilities at amortized cost		23,633,000,000
other operating liabilities		791,000,000
5. collection/payments for income tax		-913,000,000
b) cash flows from investing activities		-546,000,000
1. investments		-686,000,000
non-current assets classified as held for sale and associated liabilities
other settlements related to investing activities
2. divestments		140,000,000
other collections related to investing activities
c) cash flows from financing activities		-2,159,000,000
1. payments		-5,595,000,000
dividend distribution		-2,357,000,000
treasury share amortization
treasury share acquisition		-548,000,000
2. collections		3,437,000,000
treasury shares increase
treasury shares disposal		488,000,000
d) effect of exchange rate changes		-2,216,000,000
e) net increase/decrease in cash or cash equivalents		-11,128,000,000
f) cash and cash equivalents at beginning of the period		51,145,000,000
g) cash and cash equivalents at end of the period		40,017,000,000
components of cash and equivalent at end of the period
notes
cash		6,155,000,000			-1,786,717,000,000
balance of cash equivalent in central banks		26,657,000,000
other financial assets		7,205,000,000
less: bank overdraft refundable on demand
total cash and cash equivalents at end of the period		40,017,000,000
profit for the year
net increase/decrease in operating assets
net increase/decrease in operating liabilities
investment					-12,064,377,000,000
divestments
payments
collections
e) net increase/decrease in cash and cash equivalents
f) cash and cash equivalents at beginning of the year
g) cash and cash equivalents at end of the year
components of cash and equivalents at end of the year
total cash and cash equivalents at end of the year
cash flow from operating activities
net income for the year
adjustments to obtain the cash flow from operating activities:
available-for-sale financial assets					-53,004,345,000,000
loans and receivables					-4,187,000,000
investments					-1,398,468,000,000
non-current assets held for sale and associated liabilities
held-to-maturity investments
common stock amortization
treasury stock acquisition
common stock increase
treasury stock disposal
net increase/decrease in cash or cash equivalents
cash or cash equivalents at beginning of the year
cash or cash equivalents at end of the year
consolidated profit for the year
financial liabilities measured at amortised cost
other payments related to investing activities
amortization of own equity instruments
acquisition of own equity instruments
issuance of own equity instruments
disposal of own equity instruments
cash or cash equivalents at beginning of year
cash or cash equivalents at end of year
less:bank overdraft refundable on demand
total cash or cash equivalents at end of year
of which:
held by consolidated entities but no available for the group
•
item 1.
a.
b.
c.
item 2.
item 3.
consolidated statement of income data
interest and similar income
interest expense and similar charges
income from equity instruments
net interest income
share of profit or loss of entities accounted for using the equity method
fee and commission income
fee and commission expenses
insurance activity income
gains/losses on financial assets and liabilities
exchange differences
gross income
sales and income from the provision of non-financial services
cost of sales
other operating income
personnel expenses
other administrative expenses
other operating expenses
net operating income
impairment losses
provision expense
finance income from non-financial activities
finance expenses from non-financial activities
other gains
other losses
income before tax
income tax
income from continuing operations
income from discontinued operations
consolidated income for the year
income attributed to minority interests
income attributed to the group
per share/ads data
numbers of shares outstanding
dividends declared
each american depositary share (“ads” or “adss”) represents the right to receive one ordinary share.
consolidated balance sheet data
total assets
capital stock
deposits from other creditors
marketable debt securities and subordinated liabilities
minority interests
stockholders’ equity
consolidated ratios
profitability ratios:
net interest margin
return on average total assets
return on average equity
credit quality data
loan loss reserve
loan loss reserve as a percentage of total loans and receivables
substandard loans
substandard loans as a percentage of total loans and receivables
represents net interest income as a percentage of average total assets.
represents consolidated income for the year as a percentage of average total assets.
represents income attributed to the group as a percentage of average stockholders’ equity.
net income
basic earnings per share/ads
diluted earnings per share/ads
dividends per share/ads
basic stockholders’ equity per share/ads
diluted stockholders’ equity per share/ads
calculated on the basis of the weighted-average number of bbva’s ordinary shares outstanding during the relevant period.
each ads represents the right to receive one ordinary share.
dividends per share/ads are translated into dollars at the average exchange rate for the relevant year, calculated based on the average of the noon buying rates for euro from the federal reserve bank of new york on the last date of each month during the relevant period.
at the end of the reported period.
year ended december 31
2002
2003
2004
2005
2006
2007
the average of the noon buying rates for the euro on the last day of each month during the relevant period.
month ended
october 31, 2006
november 30, 2006
december 29, 2006
january 31, 2007
february 28, 2007
march 31, 2007
d.
item 4.
retail banking in spain and portugal
wholesale businesses
mexico and the united states
south america
subtotal
corporate activities
net interest income to the group
subsidiary
administradora de fondos para el retiro-bancomer, s.a. de c.v.
administradora de fondos de pensiones provida
banco bilbao vizcaya argentaria panama, s.a.
banco bilbao vizcaya argentaria (portugal), s.a.
banco bilbao vizcaya argentaria puerto rico, s.a.
banco bilbao vizcaya argentaria uruguay, s.a.
banco continental, s.a.
banco de crédito local, s.a.
banco provincial s.a.—banco universal
bbva chile, s.a.
bbva banco francés, s.a.
bbva colombia, s.a.
bbva factoring e.f.c., s.a.
bbva renting, s.a.
bbva ireland public limited company
bbva paraguay, s.a.
bbva bancomer usa
bbva bancomer, s.a. de c.v.
hipotecaria nacional, s.a. de c.v.
pensiones bancomer, s.a. de c.v.
seguros bancomer s.a. de c.v.
texas state bank
bbva switzerland
bbva seguros, s.a.
finanzia, banco de credito, s.a.
uno-e bank, s.a.
laredo national bank, inc.
e.
assets
cash and balances with central banks
debt securities, equity instruments and derivatives
loans and advances to credit institutions
in euro
in other currencies
loans and advances to customers
other financial income
non-earning assets
total average assets
rates have been presented on a non-taxable equivalent basis.
amounts reflected in euro correspond to predominantly domestic activities.
amounts reflected in other currencies correspond to predominantly foreign activities.
liabilities
deposits from central banks and credit institutions
customer deposits
debt securities and subordinated liabilities
other financial costs
non-interest-bearing liabilities
total average liabilities
interest income
cash and balances with central bank
total income
interest expense
debt certificates and subordinated liabilities
total expense
variances caused by changes in both volume and rate have been allocated proportionally to volume and rate.
average interest earning assets
gross yield
net yield
average effective rate paid on all interest-bearing liabilities
spread
gross yield represents total interest income divided by average interest earning assets.
net yield represents total interest income divided by total average assets.
spread is the difference between gross yield and the average cost of interest-bearing liabilities.
debt securities -
available for sale portfolio
domestic-
spanish government
other debt securities
international-
united states -
u.s. treasury and other u.s. government agencies
states and political subdivisions
other countries -
securities of other foreign governments
total available for sale portfolio
held to maturity portfolio
total held to maturity portfolio
total debt securities
equity securities -
equity listed
equity unlisted
united states-
other countries-
total equity securities
total investment securities
domestic:
total domestic
international:
united states:
u.s. treasury and other u.s. government securities
other countries:
total international
total available for sale
total held to maturity
domestic
foreign
western europe
central and south america
united states
other
total foreign
total loans and leases
valuation adjustments
total net lending
government
agriculture
industrial
real estate and construction
commercial and financial
loans to individuals
lease financing
total net loans and leases
foreign:
fixed rate
variable rate
loan loss reserve at beginning of period:
total loan loss reserve at beginning of period
loans charged off:
government and other agencies
real estate and loans to individuals
total loans charged off
benefit from loan losses:
total benefit from loan losses
acquisition and disposition of subsidiaries
effect of foreign currency translation
loan loss reserve at end of period:
total loan loss reserve at end of period
loan loss reserve as a percentage of total loans and leases at end of period
net loan charge-offs as a percentage of total loans and leases at end of period
loans written off:
total loans written off
recoveries of loans previously written off:
total recoveries of loans previously written off
net loans written off
benefit from possible loan losses:
total
total benefit from possible loan losses
substandard loans:
public sector
other resident sectors
non-resident sector
total substandard loans
total loan loss reserve
substandard loans net of reserves
substandard loans as a percentage of loans and leases
substandard loans (net of reserves) as a percentage of loans and leases
non-performing loans
country risk
other non-performing loans
resident sector
credit loan loss reserve
other loan loss reserve—fixed income portfolio
credit entities
non-performing loans as a percentage of total loans and leases
non performing loans (net of reserves) as a percentage of total loans
agricultural
general reserve
oecd
united kingdom
mexico
other ocde
total ocde
categories
countries belonging to the oecd whose currencies are quoted in the spanish foreign exchange market
countries with transitory difficulties
doubtful countries
very doubtful countries
bankrupt countries
outstandings to very doubtful countries are treated as substandard under bank of spain regulations.
outstandings to bankrupt countries must be charged off immediately. as a result, no such outstandings are reflected on our consolidated balance sheet. notwithstanding the foregoing minimum required reserves, certain interbank outstandings with an original maturity of three months or less have minimum required reserves of 50%. we met or exceeded the minimum percentage of required coverage with respect to each of the foregoing categories.
latin america
3 months or under
over 3 to 6 months
over 6 to 12 months
over 12 months
securities sold under agreements to repurchase
at december 31
average during year
maximum quarter-end balance
bank promissory notes:
bonds and subordinated debt:
total short-term borrowings at december 31
roe
roa
rorwa
dividend pay-out ratio
equity to assets ratio
f.
item 4a.
1.
2.
3.
item 5.
mexican peso
venezuelan bolivar
colombian peso
chilean peso
peruvian new sol
argentinean peso
u.s. dollar
consolidated statement of income
gains/
impairment losses (net) of which:
loan loss provisions
consolidated income for the period
not meaningful
commitment fees
contingent liabilities
documentary credits
bank and other guarantees
arising from exchange of foreign currencies and banknotes
collection and payment services
securities services
counseling on and management of one-off transactions
financial and similar counseling services
factoring transactions
non-banking financial products sales
other fees and commissions
brokerage fees on lending and deposit transactions
fees and commissions assigned to third parties
wages and salaries
social security costs
transfers to internal pension provisions
contributions to external pension funds
other personnel expenses
technology and systems
communications
advertising
property, fixtures and materials
taxes other than income tax
other incomes
net gains on sales of held-to-maturity investments
net gains on sale of long-term investments
income from the provision of non-typical services
other income
net incomees on fixed assets disposals
net incomees on long-term investments due to write-downs
share of profit of entities accounted for using the equity method
net fee and commission income
basic income
gains on financial assets and liabilities
personnel expenses and other administrative expenses
other operating income and expenses
net loan loss provisions
other writedowns
other gains and losses
basic income for this business area consists of net interest income, share of profit of entities accounted for using the equity method and net fees and commissions. basic income is not a line item in our consolidated financial statements.
not meaningful.
basic income for this business area consists of net interest income, share of profit of entities accounted for using the equity method, net fee and commission income and insurance activity income. basic income is not a line item in our consolidated financial statements.
insurance activity loss
basic income/loss
income from ordinary activities
income or loss attributed to minority interests
loss attributed to the group
basic income/(loss) for this business area consists of net interest income/(expense), share of profit/(loss) of entities accounted for using the equity method, net fee and commission income and insurance activity income/(loss). basic income/(loss) is not a line item in our consolidated financial statements.
due to credit entities
debt securities in issue
other financial liabilities
senior debt
subordinated debt
moody’s
fitch—ibca
standard & poor’s
contingent liabilities:
rediscounts, endorsements and acceptances
guarantees and other sureties
other contingent liabilities
total contingent liabilities
commitments:
balances drawable by third parties:
public authorities
other domestic customers
foreign customers
total balances drawable by third parties
other commitments
total commitments
total contingent liabilities and commitments
mutual funds
pension funds
other managed assets
capital lease obligations
operating lease obligations
purchase obligations
item 6.
name
francisco gonzález rodríguez
josé ignacio goirigolzarri tellaeche
tomás alfaro drake
juan carlos álvarez mezquíriz
rafael bermejo blanco
richard c. breeden
ramón bustamante y de la mora
josé antonio fernández rivero
ignacio ferrero jordi
román knörr borrás
carlos loring martínez de irujo
josé maldonado ramos
name*
enrique medina fernández
susana rodríguez vidarte
where no date is provided, the position is currently held.
member of the executive committee.
member of the audit and compliance committee.
member of the appointments and compensation committee.
member of the risk committee.
secretary of the board of directors.
eduardo arbizu lostao
ángel cano fernández
manuel gonzález cid
josé sevilla álvarez
javier ayuso canals
javier bernal dionis
josé maría garcía meyer-dohner
ignacio deschamps gonzález
jaime guardiola romojaro
juan asúa madariaga
jose barreiro hernández
vicente rodero rodero
where no date is provided, positions are currently held.
director
ricardo lacasa suárez
telefónica de españa, s.a.
chairman and chief executive officer
president and chief operating officer
director and general secretary
executive directors
non-executive directors
chairman and chief executive officer:
president and chief operating officer:
members:
chairman:
country
spain
france
italy
germany
switzerland
portugal
belgium
jersey
russia
andorra
ireland
gibraltar
total europe
new york
miami
grand cayman
u.s.a.
total north america
panama
puerto rico
argentina
brazil
colombia
venezuela
uruguay
paraguay
bolivia
chile
dominican republic
cuba
peru
ecuador
total latin america
hong kong
japan
china
singapore
total asia
juan carlos álvarez mezquiriz
item 7.
item 8.
item 9.
fiscal year ended december 31, 2002
annual
first quarter
second quarter
third quarter
fourth quarter
fiscal year ended december 31, 2003
fiscal year ended december 31, 2004
fiscal year ended december 31, 2005
fiscal year ended december 31, 2006
month ended october 31, 2006
month ended november 30, 2006
month ended december 31, 2006
fiscal year ended december 31, 2007
month ended january 31, 2007
month ended february 28, 2007
month ended march 31 (through march 28), 2007
month ended march 31, 2007
item 10.
g.
h.
i.
item 11.
interest
exchange rate
equity
vega and correlation
diversification effect
includes gamma risk of fixed-income, exchange rate and equity options, respectively. interest risk includes the spread.
loans to credit institutions
debt securities
derivatives
money market
lending
securities portfolios
other sensitive assets
total sensitive assets
customer funds
wholesale financing
other sensitive liabilities
total sensitive liabilities
gaps
entities
bbva
other europe
bbva bancomer
bbva puerto rico
bbva chile
bbva colombia
bbva banco continental
bbva banco provincial
bbva banco francés
master scale rating
aaa
aa+
aa
aa-
a+
a
a-
bbb+1
bbb+2
bbb1
bbb2
bbb-1
bbb-2
bb+1
bb+2
bb1
bb2
bb-1
bb-2
b+1
b+2
b+3
b1
b2
b3
b-1
b-2
b-3
ccc+
ccc
ccc-
cc+
cc
cc-
gross credit risk
trading activity
fixed income
third-party liabilities
industry
real estate and development
loans to individual customers
leasing
others
interest, fees and others
consumer loans
mortgage
smes
corporates
includes off-balance-sheet positions to which the corresponding conversion factors are applied. segmentation according to tool used for rating.
beginning balance
entries
recoveries
net entry
transfers to write-offs
exchange differences and others
final balance
item 12.
item 13.
item 14.
item 15.
item 16. [reserved]
services rendered
audit fees
audit-related fees
tax fees
all other fees
aggregate fees billed in each of the last three fiscal years for assurance and related services by deloitte, s.l. that are reasonably related to the performance of the audit or review of bbva’s financial statements and are not reported under above.
aggregate fees billed in each of the last three fiscal years for professional services rendered by deloitte, s.l. for tax compliance, tax advice, and tax planning.
4.
5.
period of fiscal year
january 1 to january 31
february 1 to february 28
march 1 to march 31
april 1 to april 30
may 1 to may 31
june 1 to june 30
july 1 to july 31
august 1 to august 31
september 1 to september 30
october 1 to october 31
november 1 to november 30
december 1 to december 31
item 17.
item 18.
item 19.
report of independent registered public accounting firm
consolidated balance sheets as of december 31, 2006, 2005 and 2004
consolidated income statements for the years ended december 31, 2006, 2005 and 2004
statements of changes in consolidated equity for the years ended december 31, 2006, 2005 and 2004
consolidated cash flow statements for the years ended december 31, 2006, 2005 and 2004
notes to the consolidated financial statements
appendices to the consolidated financial statements
exhibit number
1.1
4.1
4.2
4.3
8.1
12.1
12.2
12.3
13.1
*
**
banco bilbao vizcaya argentaria, s.a.
by:
name:
title:
consolidated financial statements
consolidated balance sheets
consolidated income statements
statements of changes in consolidated equity
consolidated cash flow statements
1. introduction, basis of presentation of the consolidated financial statements and other information
2. basis of consolidation, accounting policies and measurement bases applied
3. reconciliation of the closing balances for 2003 and 2004 to the opening balances for 2004 and 2005
4. banco bilbao vizcaya argentaria group
5. distribution of profit
6. earnings per share
7. basis and methodology information for segment reporting
8. remuneration of the bank’s directors and senior management
9. risk exposure
10. cash and balances with central banks
11. financial assets and liabilities held for trading
12. other financial assets at fair value through profit or loss
13. available-for-sale financial assets
14. loans and receivables
15. held-to-maturity investments
16. hedging derivatives
17. non-current assets held for sale and liabilities associated with non-current assets held for sale
18. investments
19. reinsurance assets
20. tangible assets
21. intangible assets
22. prepayments and accrued income and accrued expenses and deferred income
23. other assets and liabilities
24. other financial liabilities at fair value through profit or loss
25. financial liabilities at fair value through equity
26. financial liabilities at amortised cost
27. liabilities under insurance contracts
28. provisions
29. commitments with personnel
30. minority interests
31. changes in total equity
32. capital stock
33. share premium
34. reserves
35. treasury shares
36. capital ratio
37. tax matters
38. residual maturity of transactions
39. fair value of assets and liabilities
40. financial guarantees and drawable by third parties
41. assets assigned to other own and third-party obligations
42. other contingent assets
43. purchase and sale commitments
44. transactions for the account of third parties
45. interest income and expense and similar items
46. income from equity instruments
47. fee and commission income
48. fee and commission expenses
49. insurance activity income
50. gains/losses on financial assets and liabilities
51. sales and income from the provision of non-financial services and cost of sales
52. other operating income and expenses
53. personnel expenses
54. other general administrative expenses
55. finance income and expenses from non-financial activities
56. other gains and other losses
57. related party transactions
58. accountants fees and services
59. other information
60. detail of the directors’ holdings in companies with similar business activities
61. subsequent events and ifrs recent pronouncements
62. differences between ifrs and united states generally accepted accounting principles and other required disclosures
money market operations through counterparties
loans and advances to other debtors
other equity instruments
trading derivatives
other financial assets at fair value through profit or loss
changes in the fair value of the hedged items in the portfolio hedges of interest rate risk
hedging derivatives
non-current assets held for sale
equity instruments
other assets
associates
jointly controlled entities
insurance contracts linked to pensions
reinsurance assets
property, plants and equipment
investment properties
other assets leased out under an operating lease
goodwill
other intangible assets
tax assets
current
deferred
prepayments and accrued income
inventories
liabilities and equity
deposits from credit institutions
debt certificates
short positions
other financial liabilities at fair value through profit or loss
financial liabilities at fair value through equity
financial liabilities at amortised cost
deposits from central banks
changes in the fair value of the hedged items in portfolio hedges of interest rate risk
liabilities associated with non-current assets held for sale
other liabilities
liabilities under insurance contracts
provisions
provisions for pensions and similar obligations
provisions for taxes
provisions for contingent exposures and commitments
other provisions
tax liabilities
accrued expenses and deferred income
total liabilities
cash flow hedges
hedges of net investments in foreign operations
stockholder’s equity
capital
issued
unpaid and uncalled
share premium
reserves
accumulated reserves
retained earnings
reserves (losses) of entities accounted for using the equity method
equity component of compound financial instruments
less: treasury shares
less: dividends and remuneration
total equity
total liabilities and equity
memorandum items
contingent exposures
financial guarantees
assets encumbered by third-party obligations
other contingent exposures
contingent commitments
drawable by third parties
income on equity having the nature of a financial liability
insurance and reinsurance premium income
reinsurance premiums paid
benefits paid and other insurance-related expenses
reinsurance income
net provisions for insurance contract liabilities
finance income
finance expense
gains or losses on financial assets and liabilities
held for trading
other financial instruments at fair value through profit or loss
depreciation and amortisation
gains on disposal of tangible assets
gains on disposal of investment
losses on disposal of tangible assets
losses on disposal of investment
income attributed to minority interest
earnings per share for continuing operations
basic earnings per share
diluted earnings per share
net income recognised directly in equity
revaluation gains/losses
amounts removed to income statement
other financial liabilities at fair value
amounts removed to the initial carrying amount of the hedged items
hedges of net investment in foreign operations
translation gains/losses
revaluation gains
published consolidated income for the year
adjustments due to changes in accounting policy
adjustments made to correct errors
total income and expenses for the year
parent entity
minority interest
memorandum item: equity adjustments allocable to prior years
due to changes in accounting policies
due to errors
adjustment to profit:
depreciation of tangible assets
amortisation of intangible assets
gains/losses on disposal of tangible assets
gains/losses on disposal of investment
taxes
other non-monetary items
adjusted profit
total net cash flows from operating activities
group entities, jointly controlled entities and associates
total net cash flows investing activities
issuance/ redemption of capital
issuance/redemption of other equity instruments
issuance/redemption of subordinated liabilities
issuance/redemption of other long-term liabilities
increase/decrease in minority interest
dividends paid
total net cash flows from financing activities
effect of exchange rate changes on cash or cash equivalents
company
continental bolsa, sociedad agente de bolsa, s.a.
continental sociedad titulizadora, s.a.
continental s.a. sociedad administradora de fondos
inmuebles y recuperaciones continental, s.a.
banco provincial overseas n.v.
net sales
operating income
current assets
non-current assets
current liabilities
non-current liabilities
non audited information
financial assets
other financial assets at fair value through profit and loss
financial liabilities
a)
b)
c)
assets -
financial held for trading
liabilities-
buildings for own use
furniture
fixtures
office supplies and computerisation
remodelling of rented offices
tangible asset
accrued income
shareholder’s equity
profit attributed to the group
total equity and liabilities
income for the year
total net cash flows from investing activities
issuance/redemption of capital
grupo bbva bancomer
grupo bbva chile
grupo bbva banco francés
grupo bbva banco provincial
grupo bbva continental
grupo bbva colombia
interim dividend -
profit at each of the dates indicated, after the benefit from income tax
less -
estimated benefit from legal reserve
interim dividends paid
maximum amount distributable
amount of proposed interim dividend
net profit for 2006
distribution:
- interim
- final
legal reserve
voluntary reserves
numerator for basic earnings per share:
income available to common stockholders
numerator for diluted earnings per share:
denominator for basic earnings per share
denominator for diluted earnings per share
income by the equity method
net fee income
income from insurance activities
core revenues
gains and losses on financial assets and liabilities
net revenues from non-financial activities
personnel and general administrative expenses
operating profit
impairment losses on financial assets
– loan loss provisions
– other
other income/losses
pre-tax profit
corporate income tax
net profit
net attributable profit
customer lending
deposits
assets sold under repurchase agreement
off-balance-sheet funds
other placements
customer portfolios
efficiency ratio
efficiency incl. depreciation and amortization
npl ratio
coverage ratio
gross lending excluding npls.
includes collection accounts and individual annuities.
excluding insurance.
chairman
chief executive officer
general secretary
directors
juan carlos alvarez mezquiriz
ricardo lacasa suarez
credit institutions
fixed-income securities
interest risk
spread risk
currency risk
stock-market risk
vega risk
correlation risk
market activities
other european countries
the americas
usa
perú
aaa/aa
bbb+
bbb
bbb-
bb+
bb
bb-
b+
b
b-
balance at the beginning of the period
additions
transfers to write-off
balance at the end of the period
retail banking spain and portugal
wholesale and investment banking
mexico and usa
balances at the bank of spain
balances at other central banks
valuation adjustments include accrued interests
issued by central banks
spanish government bonds
foreign government bonds
issued by spanish financial institutions
issued by foreign financial institutions
securities lending
europe
rest of the world
shares of spanish companies
shares of foreign companies
share in the net assets of mutual funds
organised markets
financial futures
options
other products
otc markets
forward transactions
future rate agreements
swaps
other financial institutions
other sectors
of which: asset trading derivatives
of which: liability trading derivatives
unit-linked products
other securities
avaliable-for-sale financial assets
of which: doubtfully receivable from foreign general government
issued by credit institutions
resident
non resident
of which: doubtfully receivable from foreign credit institutions
of which: doubtfully receivable from non residents
total gross
impairments losses
accrued expenses and adjustments for hedging derivatives
total net
quoted
unquoted
shares in the net assets of mutual funds
valuation adjustments and adjustments for hedging derivatives
balance at beginning of year
increase in impairment losses charged to income
decrease in impairment losses credited to income
elimination of impaired balance due to transfer of
asset to write-off
transfers
balance at end of year
- determined individually
- determined collectively
reciprocal accounts
deposits with agreed maturity
demand deposits
other accounts
reverse repurchase agreements
financial paper
commercial credit
secured loans
credit accounts
other loans
receivable on demand and other
finance leases
impaired assets
trade and finance
leases
derecognised on the balance sheet
securitised mortgage assets
other securitised assets
retained on the balance sheet
retained partially on the balance sheet
transfers to writte-off
exchange differences and other
between 3-6 months
between 6-12 months
between 12-18 months
between 18-24 months
more than 24 months
balance at the beginning of the year
increase:
assets of remote collectability
products overdue not collected
decrease:
cash recovery
foreclosed assets
other causes
net exchange differences
balance at the end of the year
acquisition of subsidiaries in the year
disposal of entities in the year
recovery of fixed-income security provisions
based on the nature of the asset
transfers to written-off loans
based on the nature of the asset covered:
by geographical area:
quoted spanish government bonds
quoted foreign government bonds
issued by spanish credit institutions
issued by foreign credit institutions
debentures and bonds
issued by other resident sectors
acquisitions
redemptions
non organised markets
fair value micro-hedge
cash flow micro-hedge
micro-hedges of net investments in foreign operations
of which: asset hedging derivatives
of which: liability hedging derivatives
fair value macro-hedge
resto de sectores
cash inflows from assets
cash outflows from liabilities
revalued cost -
balance beginning of year
retirements
exchange difference and other
impairment -
balance total at end of year
disposals
19.
items
reinsurer´s share of technical provisions
debtors arising from insurance and reinsurance operations
balance at 1 january 2006
balance at 31 december 2006
accumulated depreciation -
net tangible assets -
balance at 1 january 2005
balance at 31 december 2005
balance at 1 january 2004
balance at 31 december 2004
america
includes those related to the bbva group’s banking, pensions fund managers and insurance companies in all the american countries in which it is present.
texas regional bancshares, inc.
grupo financiero bbva bancomer, s.a. de c.v.
grupo laredo
bbva pensiones chile
forum servicios financieros, s.a.
maggiore fleet, s.p.a.
banco bhif
bbva puerto rico, s.a.
afp provida
bbva portugal, s.a.
finanzia, banco de crédito
bbva finanzia, s.p.a.
forum distribuidora, s.a.
invesco management nº1
other companies
total fully consolidated companies
former valley bank.
grupo provida
bbva (portugal), s.a.
finanzia, banco de crédito, s.a.
valley bank
goodwill corresponding to purchase of banco granahorrar, s.a.
bbva pensiones chile, s.a.
financial assets and liabilities
computer software acquisition expense
other deferred charges
impairment
year amortisation
prepaid expenses
other prepayments and accrued income
liabilities -
unmatured accrued expenses
other accrued expenses and deferred income
transactions in transit
hacienda pública
money markets operations
bank of spain
credit account drawdowns
other state debt and treasury bills under repurchase agreement
other assets under repurchase agreement
other central banks
repurchase agreements
general government
spanish
current accounts
savings accounts
fixed-term deposits
reverse repos
non-resident sectors
in euros
in foreign currency
promissory notes and bills
bonds and debentures issued:
mortgage-backed securities
other non-convertible securities
in euros -
non-convertible bonds and debentures at floating interest rates
non-convertible bonds and debentures
covered bonds
in foreign currencies -
preference shares
issuer
issues in euros
july-96
february-97
september-97
december-01
july-03
november-03
october-04
bbva capital funding, ltd.
september-95
march-97
october-97
july-99
february-00
december-00
july-01
october-01
november-01
bbva subordinated capital, s.a.u.
may-05
october-05
october-06
issues in foreign currency
september-04
september-06
bbva global finance, ltd.
july-95
december-95
banco bilbao vizcaya argentaria, chile
november-98
july-05
august-95
october-95
february-96
november-96
bbva bancomer capital trust, inc.
february-01
lnb capital trust i
lnb statutory trust i
march-06
riverway holding capital trust i
march-01
riverway holding capital trust ii
texas regional statutory trust i
february-04
august-06
issuances cancelled before their maturity date
bbva internacional, ltd.
bbva preferred capital, ltd.
bbva privanza internacional (gibraltar), ltd.
bbva capital finance, s.a.
bbva internactional preferred, s.a.u.
listed in new york stock exchange
march 2002
december 2002
december 2003
july 2004
december 2004
september 2005
september 2006
june 1997
bbva privanza internacional, ltd.
april 2001
june 2001
april 1998
bbva preferred capital, s.a.
technical provisions for:
mathematical reserves
benefit from unpaid claims reported
other insurance technical provisions
add -
year provision with a charge to income for the year
transfers and other changes
amount use and other variations
available funds
disposal of subsidiaries
acquisition of subsidiaries
post-employment benefits
early retirement
post-employment welfare benefits
long-service cash bonuses
long-service share-based bonuses
insurance contracts coverage
assets assigned to the funding of commitments
internal provisions
funds for pensions and similar obligations
mortality tables
discount rate
consumer price index
salary growth rate
retirement ages
pension commitments to retired employees
pension contingencies in respect of current employees
coverage at end of each year:
insurance contracts with unrelated insurance companies
present actuarial value at beginning of the year
+ interest cost
+ normal cost for the year
- payments made
+/- other
+/- actuarial losses
present actuarial value at end of the year
+ early retirements in the year
+/- other changes
post-employment welfare benefit commitments to retired employees
vested post-employment welfare benefit contingencies in respect of current employees
total:
present actuarial value at the beginning of the year
+/- other movements
present actuarial value at the end of the year
interest expense and similar charges:
interest cost of pension funds
personnel expenses:
social attentions
transfers to pension plans
transfers to funds for pensions and similar obligations
disability tables
- cash settlements for long-service bonus redemptions due to early retirement
the internal provisions showed above were recognised in the heading “provisions—other provisions” in the accompanying consolidated balance sheets (note 28).
15 years
25 years
40 years
50 years
+ year accrual
- deliveries made
present actuarial value at the end of year
internal provision at beginning of year
+
-
+/-
internal provision at end of year
expected rate of return on plan assets
value of the assets assigned to funding of commitments
present actuarial value at end of year
value of assets assigned to funding of commitments
+ finance expenses
- finance income
+/- payments made and other net variations
+/- exchange differences
turnover tables
medical cost trend rates
increase/decrease in current services cost and interest cost
increase/decrease in defined benefit obligation
bbva colombia group
bbva chile group
bbva banco continental group
bbva banco provincial group
provida group
banc internacional d’andorra, s.a.
accumulated minority until the date of its sale (see note 4).
distribution of prior years’ profit
gains or losses on transactions involving treasury
shares and other equity instruments
increase of capital
dividends paid to minority shareholders
changes in the composition of the group
share of minority interests in profit for the year
see change in net consolidated equity
gains or losses on transactions involving treasury shares and other equity instruments
dsitribution of prior years’ profit
capital increases and reductions
restricted reserve for retired capital
restricted reserve for parent company shares
restricted reserve for redenomination of capital in euros
revaluation royal decree-law 7/1996
consolidation reserves attributed to the bank and dependents companies
legal revaluations of tangible assets:
cost
single revaluation tax
balance as of december 31, 1999
adjustment as a result of review by the tax authorities in 2000
fully and proportionately consolidated companies
grupo bbva cotinental
grupo bbva uruguay, s.a.
bbva international investment corporation
ancla investments s.a.
grupo bbva portugal, s.a.
grupo bbva puerto rico
bbva suiza
banco de promoción de negocios
banco industrial de bilbao, s.a.
banco depositario bbva
bbva trade, s.a.
bbva gestión, sgiic., s.a.
bbva privanza bank (jersey), ltd.
bbva luxinvest, s.a.
cía. de cartera e inversiones, s.a.
corporación general financiera, s.a.
corporación industrial y servicios, s.l.
cidessa uno, s.l.
bbva ireland, p.l.c.
bilbao vizcaya américa, b.v.
bbva cartera de inversiones, s.i.c.a.v., s.a.
anida grupo inmobiliario
bbva pensiones, s.a.
compañía chilena de inversiones, s.l.
bbva puerto rico holding corporation
seaf, sociedad de estudios y análisis financieros, s.a.
bbv américa, s.l.
bilbao vizcaya holding, s.a.
bbva patrimonios gestora, sgiic,s.a.
almacenes generales de depósitos, s.a.e. de
bbva participaciones internacional, s.l.
anida desarrollos inmobiliarios, s.l.
ibertrade, ltd.
for using the equity method:
onexa, s.a. de c.v.
banca nazionale del lavoro, s.p.a.
corporación ibv participaciones empresariales, s.a.
part. servired, sdad. civil
tubos reunidos, s.a.
balance as of january 1, 2004
+ purchases
- sales
- derivatives over bbva shares
balance as of december 31, 2004
balance as of december 31, 2005
balance as of december 31, 2006
date
december 31, 2006
december 31, 2005
december 31, 2004
basic equity
additional equity
other deductions
additional capital due to mixed group
minimum equity required
corporation tax at 35%
decreases due to permanent differences:
tax credits and tax relief at consolidated companies
other items net
net increases (decreases) due to temporary differences
charge for income tax and other taxes
deferred tax assets and liabilities recorded
income tax and other taxes accrued in the year
adjustments to prior years’ income tax and other taxes
income tax and other taxes
consolidated tax group
other spanish entities
foreign entities
effective tax rate
charges to equity
credits to equity
deferred tax assets:
pensions commitments
securities
tax losses and other
deferred tax liabilities:
free depreciation and other
otc derivatives
40.
contingent exposures -
collateral, bank guarantees and indemnities
contingent commitments -
drawable by third parties:
general government sector
financial leases
operational leases
purchase commitments
technology and systems projects
organizational projects
other projects
tangible assets acquisition
financial instruments entrusted by third parties
asset transfers
derecognised in full from the balance sheet
retained in full on the balance sheet
retained in part on the balance sheet
conditional bills and other securities received for collection
securities received in credit
off-balance-sheet customer funds managed by the group
- investment companies and mutual funds
- pension funds
- customer portfolios managed on a discretionary basis
central banks
rectification of income as a result of hedging transactions
bank of spain and other central banks
promissory notes, bills and debt securities
rectification of expenses as a result of hedging transactions
cost attributable to pension funds
other charges
securities portfolio and derivatives
euros
foreign currency
other finance income
assets/finance income
marketable securities and subordinated liabilities
other finance expenses
liabilities + equity/ finance expense
other finance expense
the volume effect is calculated by multiplying the interest rate for the first year by the difference between the average balances for the two years.
the price effect is calculated by multiplying the average balance for the second year by the difference between the interest rates for the two years.
dividends from other shares and other equity instrument
held for investment
counselling on and management of one-off transactions
financial and similar counselling services
premium income
net provisioning expense
finance increase
debt instruments
real estate
services and other
spanish banks
executives
other line personnel
clerical staff
abroad branches
companies abroad
pension fund managers
other non-banking companies
gains
gains from tangible assets disposal
gains on sale of long-term investment
losses
losses on fixed asset disposals
losses on sale of investments
assets:
due from credit institutions
liabilities:
due to credit institutions
memorandum accounts:
commitments and contingents liabilities
statement of income:
financial revenues
financial expenses
audits of the companies audited by firms belonging to the deloitte worldwide organisation
fees for audits conducted by other firms
other reports required pursuant to applicable legislation and tax regulations issued by the national supervisory bodies of the countries in which the group operates, reviewed by firms belonging to the deloitte worldwide organisation
firms belonging to the deloitte worldwide organisation
other firms
surname (s) and first name
alfaro drake, tomás
alvarez mezquiriz, juan carlos
breeden, richard c.
bustamante y de la mora, ramón
fernández rivero, josé antonio
ferrero jordi, ignacio
goirigolzarri tellaeche, josé ignacio
gonzález rodríguez, francisco
knörr borrás, román
lacasa suárez, ricardo
loring martínez de irujo, carlos
maldonado ramos, josé
medina fernández, enrique
rodriguez vidarte, susana
vilá boix, ángel
·
o
• net income and stockholders’ equity reconciliation between ifrs and u.s. gaap
• consolidated financial statements
• additional information required by u.s. gaap
profit for the year under ifrs
income attributed to the minority interest under ifrs
income attributed to the group under ifrs
adjustments to conform to u.s. gaap:
business combination with argentaria
valuation of assets
valuation of financial instruments
accounting of goodwill
translation of financial statements in high-inflation countries
impact of sfas 133
loans adjustments
tax effect of u.s. gaap adjustments and deferred taxation under sfas 109
net income in accordance with u.s. gaap before changes in accounting principles
changes in accounting principles
pension plan cost
tax effect of pension plan cost adjustment
net income in accordance with u.s. gaap
other comprehensive income, (loss) net of tax:
foreign currency translation adjustments
unrealized gains on securities:
unrealized holding gains arising during period, net of tax
reclassification adjustment, net of tax
derivative instruments and hedging activities
comprehensive income (losses) in accordance with u.s. gaap
net income per share
total stockholders’ equity under ifrs
minority interests under ifrs
total stockholders’ equity without minority interest under ifrs
stockholders’ equity in accordance with u.s. gaap
under ifrs stockholders’ equity and net income includes the equity and net income corresponding to the stockholders of both the parent and the minority interests. under u.s. gaap, stockholders’ equity and net income is made up only of the equity portion attributed to equity holders of the parent. therefore, for reporting purposes, the minority interest portion is excluded of stockholders’ equity and net income.
approximate argentaria net worth as of january 28, 2000 under spanish gaap
(i) reversal of the net effect of the restatement of fixed assets and equity securities
(ii) reduction for employees and third party loans issued to purchase shares of capital stock
(iii) goodwill amortization adjustments
(iv) up-front premium reversal
(v) valuation of investment securities
(vi) effect of adjustments to conform to u.s. gaap for investments in affiliated companies
(vii) tax effect of above mentioned adjustments
(viii) other adjustments
approximate argentaria net worth as of january 28, 2000 under u.s. gaap
2000
net lending
investment securities-held to maturity
premises and equipment
other assets and liabilities
long term debt
tax effect
goodwill charged to reserves in 1998 and 1999
different period of amortization of goodwill reversed
amortization under spanish gaap not reversed under u.s. gaap
reversal of amortization
reversal of step acquisition
step acquisition of bbva bancomer
adjustment 4 in reconciliation to u.s. gaap
wholesale business
pensions in south america
méxico
united states and puerto rico
net worth acquired
investment securities
net loans and leases
time deposits
fair value under u.s. gaap
income tax provision under ifrs
of which: adjustments of deferred tax liability/assets for enacted changes in tax laws of u.s. adjustments
income tax provision under u.s. gaap
as reported under ifrs
less-
timing differences recorded under ifrs and reversed in the reconciliation to u.s. gaap
tax effect of ifrs to u.s. gaap reconciliation adjustments
plus-
as reported under sfas 109
valuation reserve
deferred tax assets
loan loss reserves
unrealized losses on securities pension liability
fixed assets
net operating income carryforward
investments and derivatives
total deferred tax assets
net tax asset
deferred tax liabilities
unrealized gains on securities pension liability
unrealized gains on investments
gains on sales of investments
total deferred tax liabilities
net tax liabilities
corporate income tax at the standard rate of 35%
decrease arising from permanent differences
adjustments to the benefit from prior years’ corporate income tax and other taxes
balance as of december 31, 2003
changes in 2004
changes in 2005
changes in 2006
foreign currency translations adjustment
unrealized holding gains arising during the period
reclassification adjustment
derivatives instruments and hedging activities
other comprehensive income
before cumulative effect of changes in accounting principles
cumulative effect of changes in accounting principles
after cumulative effect of changes in accounting principles
ifrs
u.s. gaap
before cumulative effect of changes in accounting principles:
after cumulative effect of changes in accounting principles:
cash and due from banks
interest-bearing deposits in other banks
securities purchased under agreements to resell
trading securities
investments securities
net loans and leases:
loans and leases, net of unearned income
less: allowance for loan losses
investments in affiliated companies
goodwill in consolidation
accrual accounts
others assets
liabilities and stockholders’ equity
savings deposits
due to bank of spain
trading account liabilities
short-term borrowings
long-term debt
taxes payable
accounts payable
pension allowance
others liabilities
additional paid-in capital
other capital instruments
total stockholders’ equity
total liabilities and stockholders’ equity
interest and fees on loans and leases
interest on deposits in other banks
interest on securities purchased under agreements to resell
interest on investment securities
total interest income
interest on deposits
interest on bank of spain & deposit guarantee fund
interest on short-term borrowings
interest on long term debt
total interest expense
benefit from loan losses
net interest income after benefit from loan losses
non-interest income
collection and payments services
other transactions
ceded to other entities and correspondents
gains from:
affiliated companies’ securities
foreign exchange, derivatives and other
total non-interest income
non-interest expense
salaries and employee benefits
occupancy expense of premise, depreciation and maintenance
general and administrative expenses
impairment of goodwill
net benefit from specific allowances
minority shareholder’s interest
total non-interest expense
income before income taxes
income tax expense
income before change of accounting principles
changes in accounting principles: pensions
tax effect of changes in accounting principles
net consolidated income for the year
capital increase
foreign currency translation adjustment
unrealized gains on securities
other variations
equity securities
total impairments other-than-temporary
total temporary unrealized losses
+ total unrecognized losses
available-for-sale portfolio
international
other u.s. securities
other countries
other debt securities of other countries
total available-for-sale
held-to-maturity portfolio
total held-to-maturity
impaired loans requiring no reserve
impaired loans requiring valuation allowance
total impaired loans
valuation allowance on impaired loans
interest revenue that would have been recorded if accruing
net interest revenue recorded
companies
banca nazionale del lavoro, s.p.a
bonds and subordinated debt :
6.
asset category
mexican federal government securities
mortgage loans
year
2008
2009
2010
2011
over 2011
mortgage loans and others
(asa) ag.de seguros de argentaria, s.a.
administrad. de fondos para el retiro-bancomer, s.a de c.v.
administradora de fondos de pensions provida
afp genesis administradora de fondos, s.a.
afp horizonte, s.a.
afp prevision bbv-adm.de fondos de pensiones s.a.
almacenadora financiera provincial
almacenes generales de deposito, s.a.e. de
altitude investments limited
altura markets, a.v., s.a.
anida grupo inmobiliario, s.l.
anida inmobiliaria, s.a. de c.v.
anida proyectos inmobiliarios, s.a. de c.v.
anida servicios inmobiliarios, s.a. de c.v.
aplica soluciones argentinas, s.a.
aplica tecnologia avanzada
apoyo mercantil s.a. de c.v.
aragon capital, s.l.
argentaria servicios, s.a.
aserlocal, s.a.
assurex, s.a.
atuel fideicomisos, s.a.
automercantil-comercio e aluger de veiculos autom., lda.
bahia sur resort, s.c.
banco bilbao vizcaya argentaria (panama), s.a.
banco bilbao vizcaya argentaria chile, s.a.
banco bilbao vizcaya argentaria puerto rico
banco de credito local, s.a.
banco de promocion de negocios, s.a.
banco depositario bbva, s.a.
banco occidental, s.a.
banco provincial s.a. - banco universal
banco uno-e brasil, s.a.
bancomer asset management inc.
bancomer financial services inc.
bancomer foreign exchange inc.
bancomer payment services inc.
bancomer transfer services, inc.
bancomercio seguros, s.a. agencia de seguros
bankers investment services, inc.
bbv america, s.l.
bbv securities holdings, s.a.
bbva & partners alternative investment a.v., s.a.
bbva administradora general de fondos s.a.
bbva america finance, s.a.
bbva banco de financiacion s.a.
bbva banco frances, s.a.
bbva bancomer financial holdings, inc.
bbva bancomer gestion, s.a. de c.v.
bbva bancomer holding corporation
bbva bancomer operadora, s.a. de c.v.
bbva bancomer servicios administrativos, s.a. de c.v.
bbva bancomer servicios, s.a.
bbva broker, correduria de seguros y reaseguros, s.a.
bbva cartera de inversiones,sicav,s.a.
bbva consolidar salud s.a.
bbva consolidar seguros, s.a.
bbva corredora tecnica de seguros bhif ltda.
bbva corredores de bolsa, s.a.
bbva correduria tecnica aseguradora, s.a.
bbva crecer afp, s.a.
bbva dinero express, s.a.u
bbva e-commerce, s.a.
bbva fiduciaria , s.a.
bbva finance (delaware) inc.
bbva finance (uk), ltd.
bbva finance spa.
bbva financiamiento automotriz, s.a.
bbva finanzia, s.p.a
bbva fundos, s.g. de fundos de pensoes, s.a.
bbva gest, s.g. de fundos de investimento mobiliario, s.a.
bbva gestion,sociedad anonima, sgiic
bbva global finance ltd.
bbva horizonte pensiones y cesantias, s.a.
bbva inmobiliaria e inversiones s.a.
bbva inservex, s.a.
bbva international limited
bbva international preferred, s.a.u.
bbva investments, inc.
bbva nominees limited
bbva patrimonios gestora sgiic, s.a.
bbva pensiones, sa, entidad gestora de fondos de pensiones
bbva planificacion patrimonial, s.l.
bbva privanza (jersey), ltd.
bbva re limited
bbva research, s.a.
bbva securities holdings (uk) limited
bbva securities inc.
bbva securities ltd.
bbva securities of puerto rico, inc.
bbva seguros colombia compañia de seguros, s.a.
bbva seguros de vida colombia, s.a.
bbva seguros de vida, s.a.
bbva seguros inc.
bbva senior finance, s.a.u.
bbva servicios, s.a.
bbva sociedad leasing habitacional bhif
bbva subordinated capital s.a.u.
bbva switzerland, s.a.
bbva u.s. senior s.a.u.
bbva usa bancshares of delaware, inc.
bbva usa bancshares, inc.
bbva usa, inc.
bbva valores colombia, s.a. comisionista de bolsa
bbva,instituiçao financeira de credito, s.a.
bcl international finance, ltd.
bcl participaciones, s.l.
bex america finance incorporated
bexcartera, sicav s.a.
bhif asesorias y servicios financieros, s.a.
bibj management, ltd.
bibj nominees, ltd.
bilbao vizcaya america b.v.
bilbao vizcaya investment advisory company s.a.
brookline investments, s.l.
canal company, ltd.
canal international holding (netherlands) bv.
cartera e inversiones s.a., cia de
casa de bolsa bbva bancomer, s.a. de c.v.
casa de cambio multidivisas, s.a de c.v.
cia. global de mandatos y representaciones, s.a.
cidessa dos, s.l.
ciervana, s.l.
compañia chilena de inversiones, s.l.
consolidar a.f.j.p., s.a.
consolidar aseguradora de riesgos del trabajo, s.a.
consolidar cia. de seguros de retiro, s.a.
consolidar cia. de seguros de vida, s.a.
consolidar comercializadora, s.a.
consultores de pensiones bbv, s.a.
continental bolsa, sdad. agente de bolsa s.a.
contratacion de personal, s.a. de c.v.
corporacion de alimentacion y bebidas, s.a.
corporacion general financiera, s.a.
corporacion industrial y de servicios, s.l.
corporativo vitamedica, s.a. de c.v.
desarrolladora y vendedora de casas, s.a. de c.v.
desarrollo urbanistico de chamartin, s.a.
desitel tecnologia y sistemas, s.a. de c.v.
deusto, s.a. de inversion mobiliaria
dinero express services globales, s.a.
el encinar metropolitano, s.a.
el oasis de las ramblas, s.l.
elanchove, s.a.
empresa instant credit, c.a.
espanhola comercial e serviços, ltda.
estacion de autobuses chamartin, s.a.
europea de titulizacion, s.a., sdad.gest.de fdos.de titul.
eurorisk, s.a.
explotaciones agropecuarias valdelayegua, s.a.
fideicomiso 29763-0 socio liquidador op.finan.posicion pro
fideicomiso 29764-8 socio liquidador posicion de terceros
fideicomiso 474031 manejo de garantias
fideicomiso banco frances
fideicomiso centro corporativo regional f/47433-8
fideicomiso ingral
fideicomiso invex 228
fideicomiso invex 367
fideicomiso invex 393
fideicomiso invex 411
financeira do comercio exterior s.a.r.
financiera española, s.a.
finanzia autorenting, s.a.
foro local, s.l.
frances administradora de inversiones, s.a. g.f.c.invers.
frances valores sociedad de bolsa, s.a.
futuro familiar, s.a. de c.v.
general de participaciones empresariales, s.l.
gente bbva, s.a.
gestion de prevision y pensions, s.a.
gestion y administracion de recibos, s.a.
gobernalia global net, s.a.
gran jorge juan, s.a.
granfiduciaria
grelar galicia, s.a.
hipotecaria nacional mexicana incorporated
holding continental, s.a.
homeowners loan corporation
hydrox holdings, inc.
iberdrola services financieros, e.f.c, s.a.
ibernegocio de trade, s.l.
inensur brunete, s.l.
ingenieria empresarial multiba
iniciativas residenciales en internet, s.a.
inmobiliaria asudi, s.a.
inmobiliaria bilbao, s.a.
inverahorro, s.l.
inversiones aldama, c.a.
inversiones banpro international inc. n.v.
inversiones baproba, c.a.
inversiones mobiliarias, s.l.
inversiones p.h.r.4, c.a.
inversiones t, c.a.
inversora otar, s.a.
invesco management nº 1, s.a.
invesco management nº 2, s.a.
jardines de sarriena, s.l.
laredo national bank
leasimo - sociedade de locacao financeira, s.a.
marques de cubas 21, s.l.
mediterrania de promocions i gestions inmobiliaries, s.a.
mercury trust limited
milano gestioni, srl.
mirador de la carrascosa, s.l.
misapre, s.a. de c.v.
monesterio desarrollos, s.l.
montealiaga,s.a.
multiasistencia, s.a. de c.v.
multival, s.a.
occival, s.a.
opcion volcan, s.a.
participaciones arenal, s.l.
peri 5.1 sociedad limitada
port arthur abstract & title company
premexsa, s.a. de c.v.
preventis, s.a.
pro-salud, c.a.
promocion empresarial xx, s.a.
promotora de recursos agrarios, s.a.
promotora residencial gran europa, s.l.
provida internacional, s.a.
provincial de valores casa de bolsa, c.a.
provincial sdad.admin.de entidades de inv.colectiva, c.a.
provivienda, entidad recaudadora y admin.de aportes, s.a.
proxima alfa investments, sgiic s.a.
proyecto mundo aguilon, s.l
proyectos empresariales capital riesgo i,s.c.r.simp., s.a.
proyectos empresariales capital riesgo, s.g.e.c.r.,s.a.
proyectos industriales conjuntos, s.a. de
residencial cumbres de santa fe, s.a. de c.v.
riverway holdings capital trust i
riverway holdings capital trust ii
s.gestora fondo publ.regul.mercado hipotecario, s.a.
scaldis finance, s.a.
seguros bancomer, s.a. de c.v.
seguros provincial, c.a.
services corporativos bancomer, s.a. de c.v.
services corporativos de insurance, s.a. de c.v.
services externos de apoyo empresarial, s.a de c.v.
services tecnologicos singulares, s.a.
services vitamedica, s.a. de c.v.
sociedad de estudios y analisis financ.,s.a.
sociedad para la prestacion de sºs administrativos, s.a.
societe inmobiliere bbv d’ilbarriz
southeast texas insurance services holdings, l.l.c.
southeast texas insurance services, l.p.
southeast texas title company
sport club 18, s.a.
texas international seguros group, inc.
texas regional delaware, inc.
transitory co
tsb properties, inc.
tsb securities, inc.
unicom telecomunicaciones s.de r.l. de c.v.
unidad de avaluos mexico s.a. de c.v.
unisear inmobiliaria, s.a.
unitaria gestion de patrimonios inmobiliaria, s.a.
universalidad “e5”
universalidad - banco granahorrar
urbanizadora sant llorenc, s.a.
valley mortgage company, inc.
visacom, s.a. de c.v.
vitamedica s.a. de c.v.
unaudited data
darby-bbva latin american investors, ltd
ecasa, s.a.
forum distribuidora, s,a,
holding de participaciones industriales 2000, s.a.
psa finance argentina compañia financiera, s.a.
unaudited data.
adquira españa, s.a.
almagrario, s.a.
aurea, s.a.
bbva elcano empresarial ii, s.c.r., s.a.
bbva elcano empresarial, s.c.r., s.a.
camarate golf, s.a.
compañia española de financiacion del desarrollo s.a.
compañia mexicana de procesamiento, s.a. de c.v.
corporacion ibv participaciones empresariales, s.a.
ferromovil 3000, s.l.
ferromovil 9000, s.l.
fideicomiso 70191-2 puebla
grupo profesional planeacion y proyectos, s.a. de c.v.
hestenar, s.l.
imobiliaria das avenidas novas, s.a.
imobiliaria duque de avila, s.a.
inmuebles madariaga promociones, s.l.
jardines del rubin, s.a.
la esmeralda desarrollos, s.l.
las pedrazas golf, s.l.
mobipay international, s.a.
montealmenara golf, s.l.
parque reforma santa fe, s.a. de c.v.
promotora metrovacesa, s.l.
rombo compañia financiera, s.a.
servicios electronicos globales, s.a. de c.v.
telefonica factoring, e.f.c., s.a.
telepeaje electronico, s.a. de c.v.
consolidated data
jointly controlled entities accounted for using the equity method
acquisitions made until december 31, 2005
franquicia textura, s.a.
textil textura, s.l.
textura globe, s.a.
acquisitions made until december 31, 2006
bbva cartera de inversiones sicav, s.a.
tecnicas reunidas, s.a.
bbva cartera de inversiones, sicav, s.a.
gestion de prevision y pensiones, s.a.
iberdrola servicios financieros, e.f.c, s.a.
provincial de valores casa de bolsa
memorandum item: loaned or advanced as collateral
for own use
investment property
assigned to welfare projects
memorandum item: acquired under a finance lease
debt certificates including bonds
welfare fund
equity having the nature of a financial liability
treasury shares
dividends and remuneration
assets earmarked for third-party obligations
remuneration of capital having the nature of a financial liability
a) net interest income
b) gross income
gains on disposal of investments
losses on disposal of investments
d) income before tax
mandatory transfer to welfare funds
e) income from continuing operations
income or income from discontinued operations
f) consolidated income for the period
g) income attributed to the group
d)
e)
f)
g)
h)
i)
j)
k)
l)
the bank’s share capital is one-billion, seven-hundred and forty million, four-hundred and sixty-four thousand, eight-hundred and sixty-nine euros, twenty-nine eurocents (€1,740,464,869.29), represented by three-billion, five-hundred and fifty-one million, nine-hundred and sixty-nine thousand, one-hundred and twenty-one (3,551,969,121) shares of forty-nine euro-cents (€0.49) nominal value each, all of the same class and series, fully subscribed and paid up.
the term of office for members of the board of directors shall be five years. members may be re-elected one or more times for terms of the same maximum duration.
x
income statement
ordinary revenues
statements of changes in consolidated equity – statements of recognised
61. subsequent events
62. explanation added for translation to english
presented for comparison purposes only.
gains on dispoal of investment
banco granahorrar, s.a.
balance as of december 1, 2005
e) income from ordinary activities
profit or income from discontinued operations
argentine peso
balance sheet
total lending
shareholders’ funds
data per share and market capitalization
share price
market capitalization
diluted stockholders’ equity per share
book value
dividend
per
p/bv
significant ratios
operating profit/ ata
efficiency ratio including depreciation and amortization
npl coverage ratio
capital adequacy ratios
core capital
tier i
other information
number of shares
number of shareholders
number of employees
number of branches
includes those related to the bbva group’s banking, pension fund managers and insurance companies in all the american countries in which it is present.
core net interest income
net trading income
personnel costs
general expenses
other income/ losses
from disposal of equity holdings
available for sale financial assets
prepayments and accrued income and accrued expenses and deferred income
accrued expense and deferred income
shareholder equity
capital or endowment fund
profit of the period attributed to the group
deductions
other eligible capital
valuation adjustments and other
capital base
minimum capital requirement
capital surplus
memorandum
risk weighted assets
bis ratio
tier ii
+ purchase
-sales
+/- others
-derivatives over bbva shares
josé ignacio goirigonzalez tellaeche
josé antonio férnandez rivero
juan asua madariaga
josé andrés barreiro hernández
ignacio deschamps
ignacio sánchez-asiain sanz
josé sevilla alvarez
subtotal areas
1)
2)
3)
4)
5)
6)
7)
8)
commission and expenses
operations
assets products
customer information
financial and welfare products
other complaints
in favor of the person submitting the complaint
partially in favor of the person submitting the complaint
in favor of the bbva group
assets operations
liabilities operations
other banking products
investment services
insurance and welfare products
securities class
bbva shares
warrants on bbva shares
convertible bonds
issuance/redemption of non-voting equity units
issuance/redemption of capital having the nature of a financial liability
increase/decrease in minority interests
dividends/interest paid

Banco Bilbao Vizcaya Argentaria, S.A(NYSE:BBVA)

Banco Bilbao Vizcaya Argentaria, S.A
(NYSE:BBVA)