30. Treasury stock

In 2012, 2011 and 2010 the Group companies performed the following transactions with shares issued by the Bank:

Download Excel

Treasury Stock	2012		2011		2010
	Number of Shares	Millions of Euros	Number of Shares	Millions of Euros	Number of Shares	Millions of Euros
Balance at beginning	46,398,183	300	58,046,967	552	16,642,054	224
+ Purchases	819,289,736	4,831	652,994,773	4,825	821,828,799	7,828
- Sales and other changes	(850,224,983)	(5,021)	(664,643,557)	(5,027)	(780,423,886)	(7,545)
+/- Derivatives over BBVA shares	-	1	-	(50)	-	45
+/- Other changes	-	-	-	-	-	-
Balance at the end	15,462,936	111	46,398,183	300	58,046,967	552
Of which:
Held by BBVA, S.A.	4,508,380	41	1,431,838	19	2,838,798	84
Held by Corporación General Financiera, S.A.	10,870,987	70	44,938,538	281	55,207,640	468
Held by other subsidiaries	83,569		27,807		529
Average purchase price in euros	5.90		7.39		9.53
Average selling price in euros	6.04		7.53		9.48
"Net gain or losses on transactions		81		(14)		(106)

The percentages of treasury stock held by the Group in 2012, 2011 and 2010 are as follows:

Download Excel

Treasury Stock	2012		2011		2010
	Min	Max	Min	Max	Min	Max
% treasury stock	0.240%	1.886%	0.649%	1.855%	0.352%	2.396%

The number of BBVA shares accepted by the Group in pledge as of December 31, 2012, 2011 and 2010 is as follows:

Download Excel

Shares of BBVA Accepted in Pledge	2012	2011	2010
Number of shares in pledge	132,675,070	119,003,592	107,180,992
Nominal value	0.49	0.49	0.49
% of share capital	2.43%	2.43%	2.39%

The number of BBVA shares owned by third parties but managed by a company in the Group as of December 31, 2012, 2011 and 2010 is as follows:

Download Excel

Shares of BBVA Owned by Third Parties but Managed by the Group	2012	2011	2010
Number of shares property of third parties	109,348,019	104,069,727	96,107,765
Nominal value	0.49	0.49	0.49
% of share capital	2.01%	2.12%	2.14%