BBVA in 2011: Highlights

BBVA has strengthened its growth potential during the crisis

2011: diverse macroeconomic background…

GDP growth in 2011

(Percentage)

	PIB 2011
Emerging (1)	6.4
The United States	1.7
Europe (2)	1.5

(1) Asia (except Japan), Turkey, Mexico, Argentina, Chile, Colombia, Peru and Venezuela. (2) EMU. Source: BBVA Research.

In which Europe was the main focus of attention.

And that hit the European banking sector through capital, liquidity, risks and earnings.

...In which BBVA has demonstrated high resilience in any scenario

Capital.Liquidity.Risk.Earnings

From the capital point of view, BBVA will achieve easily the new capital recommendations of the European Banking Authority (EBA)

BBVA Group. EBA proforma core capital ratio

(Percentage)

BBVA has been one of the few European banks with access to the markets, despite the adverse conditions, as shown by its successful issues in 2011. It also shows the lowest 2012 wholesale redemptions of its peer group and has enough additional collateral to absorb any liquidity shocks.

In terms of liquidity, the Group ended the year in a very comfortable position for 2012

2012 wholesale redemptions

(Billion euros according to 17-01-2012 data)

(1) BBVA internal data. Source: Dealogic.

With respect to risk management, the Bank closed the year with a high level of stability in its main indicators

BBVA Group. Non-performing assets

(Billion euros)

BBVA Group. NPA and coverage ratios

(Percentage)

Grupo BBVA. Loan-loss and real estate provisioning

(Million euros/percentage over operating income)

And in terms of earnings, the Bank continued to be highly resilient thanks to its well-balanced and diversified business mix

BBVA Group. Breakdown of net attributable profit by business areas

(Percentage)

(1) Excluding Corporate Activities and the United States impairment.

As a result, it has been able to:

• Generate recurring revenue

BBVA Group. Net interest income

(Million euros)

(1) At constant exchange rates: +1.0%.

BBVA Group. Gross income excluding NTI + dividends

(Million euros)

(1) At constant exchange rates: +2.2%.

And anticipate to face the new growth cycle by launching an investment process, without losing its competitive advantage in efficiency (second position in its peer group)

Efficiency. BBVA and peer group

(Percentage)

(1) Peer group: BARCL, BBVA, BNP, CASA, CMZ, CS, DB, HSBC, ISP, LLOYDS, RBS, SAN, SG, UBS, UCI. Peer group figures at 9M11 and BBVA figures at 12M11.

In short, sound earning figures in turbulent times…

…that make the Group an industry leader and place it in a privileged position from which to face the future, and its major challenges and transformations at both macro and industry levels.

ROE vs. efficiency. BBVA Group vs. peer group ⁽¹⁾

(Percentage)

(1) Developed internally with the last data available. Peer group: BARCL, BBVA, BNP, CASA, CMZ, CS, DB, HSBC, ISP, LLOYDS, RBS, SAN, SG,UBS and UCI. (2) Excluding one-offs.