30. Treasury stock

In the year ended December 31, 2013, 2012 and 2011 the Group entities performed the following transactions with shares issued by the Bank:

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Treasury Stock	2013		2012		2011
	Number of Shares	Millions of Euros	Number of Shares	Millions of Euros	Number of Shares	Millions of Euros
Balance at beginning	15,462,936	111	46,398,183	300	58,046,967	552
+ Purchases	488,985,513	3,614	819,289,736	4,831	652,994,773	4,825
- Sales and other changes	(497,571,679)	(3,658)	(850,224,983)	(5,021)	(664,643,557)	(5,027)
+/- Derivatives on BBVA shares	-	-	-	1	-	(50)
+/- Other changes	-	(1)	-	-	-	-
Balance at the end	6,876,770	66	15,462,936	111	46,398,183	300
Of which:
Held by BBVA, S.A.	1,357,669	20	4,508,380	41	1,431,838	19
Held by Corporación General Financiera, S.A.	5,491,697	46	10,870,987	70	44,938,538	281
Held by other subsidiaries	27,404		83,569		27,807
Average purchase price in Euros	7.39		5.90		7.39
Average selling price in Euros	7.44		6.04		7.53
Net gain or losses on transactions (Stockholders' funds-Reserves)		30		81		(14)

The percentages of treasury stock held by the Group in the year ended December 31, 2013, 2012 and 2011 are as follows:

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Treasury Stock	2013		2012		2011
	Min	Max	Min	Max	Min	Max
% treasury stock	-	0.693%	0.240%	1.886%	0.649%	1.855%

The number of BBVA shares accepted by the Group in pledge of loans as of December 31, 2013, 2012 and 2011 is as follows:

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Shares of BBVA Accepted in Pledge	2013	2012	2011
Number of shares in pledge	111,627,466	132,675,070	119,003,592
Nominal value	0.49	0.49	0.49
% of share capital	1.93%	2.43%	2.43%

The number of BBVA shares owned by third parties but under management of a company within the Group as of December 31, 2013, 2012 and 2011 is as follows:

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Shares of BBVA Owned by Third Parties but Managed by the Group	2013	2012	2011
Number of shares owned by third parties	101,184,985	109,348,019	104,069,727
Nominal value	0.49	0.49	0.49
% of share capital	1.75%	2.01%	2.12%