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BBVA Q3 2015 Earnings Report

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2015 3Q Results Results Presentation BBVAResults


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2015 Third Quarter Results Madrid, October 30th 2015


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2015 Third Quarter Results October 30th 2015 This document is only provided for information purposes and does not constitute, nor must it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such specific issue. Nobody who becomes aware of the information contained in this report must regard it as definitive, because it is subject to changes and modifications. This document contains or may contain forward looking statements (in the usual meaning and within the meaning of the US Private Securities Litigation Act of 1995) regarding intentions, expectations or projections of BBVA or of its management on the date thereof, that refer to miscellaneous aspects, including projections about the future earnings of the business. The statements contained herein are based on our current projections, although the said earnings may be substantially modified in the future by certain risks, uncertainty and other factors relevant that may cause the results or final decisions to differ from such intentions, projections or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political or government guidelines, (2) domestic and international stock market movements, exchange rates and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could condition and result in actual events differing from the information and intentions stated, projected or forecast in this document and other past or future documents. BBVA does not undertake to publicly revise the contents of this or any other document, either if the events are not exactly as described herein, or if such events lead to changes in the information contained in this document. This document may contain summarised information or information that has not been audited, and its recipients are invited to consult the documentation and public information filed by BBVA with stock market supervisory bodies, in particular, the prospectuses and periodical information filed with the Spanish Securities Exchange Commission (CNMV) and the Annual Report on form 20-F and information on form 6-K that are disclosed to the US Securities and Exchange Commission. Distribution of this document in other jurisdictions may be prohibited, and recipients into whose possession this document comes shall be solely responsible for informing themselves about, and observing any such restrictions. By accepting this document you agree to be bound by the foregoing restrictions. 3


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October 30th 2015 2015 Third Quarter Results 4 USA  Solid domestic demand  Gradual interest rate hikes Turkey Spain  High growth trend despite geopolitical risk  Solid GDP growth Mexico  Resilient economy  Recovery linked to the US economy Footprint S. America  Affected by foreign and domestic headwinds  Positive growth in the Pacific Alliance  In spite of slowdown, 2-3% GDP growth rate is expected


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October 30th 2015 2015 Third Quarter Results 5 1 2 3 4 €-1,840 m Acquisition of an additional 14.89% stake in Garanti +38.2% Attributable Profit (ex. Corp. Ops.) (3Q15/3Q14) Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition Non-cash Attributable Profit


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October 30th 2015 2015 Third Quarter Results 6  Activity growth(1) Sep15/Sep14) Strong Activity & P&L Dynamics  Recurring revenue (3Q15/3Q14) Solid Capital Ratios 10.6% constant € 13.4% constant € Lending Net Interest Income + Fees: +10.9% constant € +11.9%  Net Attributable Profit Improvement in Risk Indicators +9.0% Cust.Funds +11.6% ( € 0.8 bn (Total Group, ex Corporate Operations) (3Q15) 5.9%  NPL Ratio  Coverage Ratio 71% CET1 ratios  CIFH , Garanti and Market Related Impacts Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition (1) Activity excludes repos 9.8% (Fully-loaded) Leverage 11.7% 5.7% (Phased-in) (Fully-loaded)


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October 30th 2015 2015 Third Quarter Results 7 Digital Customers(1) Mobile Customers(1) BBVA Group – Million, % penetration BBVA Group – Million, % penetration +21% +51% Growth 14,0 15,0 31% 11,7 Growth 32% 11% Sep.15 2015 Goal 8,0 17% 17% Sep.15 2015 Goal 5,0 26% Sep.14 7,6 Sep.14 Branch Activity Digital Consumer Loans BBVA Spain – Millions of transactions BBVA Spain - % of new loans 23,7 -41% 67 2009 (1) (2) Figures include Turkey Annualized September 2015 figures 17,9 49 45 2013 2014 9,3 10,3 40 Sep.15(2) Jan.15 Mar.15 Jun.15 Sep.15


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October 30th 2015 2015 Third Quarter Results Net Interest Income 8 +12.5% (3Q15 vs. 3Q14) +11.9% (Constant €m) (9M15 vs. 9M14) +14.0% 3Q15 vs. 3Q14 3.395 3.869 3.742 +3.4% 3Q14 2Q15 3Q15 Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition +16.0% (9M15 vs. 9M14)


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October 30th 2015 2015 Third Quarter Results 9 +13.8% Gross Income +8.6% (9M15 vs. 9M14) (3Q15 vs. 3Q14) Net Interest Income + fee Gross Income +9.8% (9M15 vs. 9M14) (Constant €m) +9.6% 3Q15 vs.3Q14 5.808 4.973 4.455 5.451 -6.2% 4.983 4.861 +2.5% 3Q14 2Q15 3Q15 Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition


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October 30th 2015 2015 Third Quarter Results 10 +15.2% Operating Income (9M15 vs. 9M14) +4.5% (3Q15 vs. 3Q14) +11.7% (Constant €m) (9M15 vs. 9M14) +7.5% 3Q15 vs.3Q14 2,452 2,282 -16.0% 2Q15 positive jaws 2,918 3Q14  Maintaining 3Q15 Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition


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October 30th 2015 2015 Third Quarter Results 11 Loan-loss provisions + Real Estate impairments Cost of Risk YTD (€m) (%) Spain (loan-loss provisions + RE impairments) 2.311 Rest of areas 2.2 1.616 1.196 1.204 1.177 1.053 77% 1.6 1.2 1.2 1.2 1.1 Dec.14 Mar.15 Jun.15 Sep.15 63% 53% 2013 2012 2014 Quarterly Quarterly Quarterly average average average 47% 47% 45% 1Q15 2Q15 3Q15 Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition Dec.12 Dec.13


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October 30th 2015 2015 Third Quarter Results BBVA Group ex VZ and Garanti at 25% (€m) 12 3Q15 Growth 3Q15/3Q14 % % constant Net Interest Income 3,736 12.5 14.0 Gross Income 5,276 8.6 9.6 Costs -2,928 12.2 11.4 Operating Income 2,348 4.5 7.5 Income Before Tax 1,091 26.1 29.4 854 32.3 34.9 Corporate Operations Income -1,840 n.s n.s Net Attributable Profit -1,077 n.s. n.s. 763 38.2 42.0 NI ex Corporate Operations Net Attributable Profit (ex corporate operations) Note: Corporate Operations include non cash €-1,840 m one-offs related to Garanti´s stake change in accounting method


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October 30th 2015 2015 Third Quarter Results BBVA Group ex VZ and Garanti at 25% 13 9M15 (€m) Growth 9M15/9M14 % % constant Net Interest Income 11,162 16.0 11.9 Gross Income 16,703 13.8 9.8 Costs -8,612 12.5 8.0 Operating Income 8,090 15.2 11.7 Income Before Tax 4,084 47.6 39.3 NI ex Corporate Operations 3,068 49.3 40.7 Corporate Operations Income -1,113 n.s. n.s. Net Attributable Profit 1,672 -7.4 -12.6 Net Attributable Profit (ex corporate operations) 2,786 54.2 45.6 Note: Corporate Operations include non cash €-1,840 m one-offs related to Garanti´s stake change in accounting method The P&L is presented this way to show the performance of recurring business. The reconciliation to the income statement is shown on page 43 of the financial information filed today with the CNMV.


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October 30th 2015 2015 Third Quarter Results 14 with CX 6,2 +0.8 bn 6,1 5.9 -3.1 bn Sep.14 26.4 25.0 Sep.15 4.3% 4.5% 4.4% 72 24.3 Jun.15 71 22.5 21.2 Sep.14 Jun.15 Sep.15 62 16.1 18.9 18.0 Sep.14 62% Jun.15 74% Sep.15 73% Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition. NPL ratio for Total BBVA Group: 5.6%, 74% coverage and NPLs €26.4bn


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October 30th 2015 2015 Third Quarter Results 15  CET1 Fully-loaded BBVA Group (%) Expected recovery of “regulatory equivalence” aprox +20 bps (+11 bps) (October market recovery) - 0.44 0.18 10.4 -0.07 - 0.29 10.0 CET1 FL Corporate (Jun.15) Operations (Garanti & CIFH) 9.8 10.1 Net Earnings (Ex Div) Organic RWA Growth 53% 33% AFS sovereign portfolio unrealized gains Not included in CET1 (~+40 bps) Market CET1 FL Related (Sep.15) Impacts & Others High quality capital: the highest RWA density and leverage ratio RWAs/ Total Assets   Guaranteed DTAs: capital treatment cleared Leverage ratio 5,7% 4,3%  BBVA #1 European Peer Group Average BBVA #1 European Peer Group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, RBS, SAN, SG, UBS, UCG European Peer Group Average Organic capital generation YTD (+34 bps)


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2015 Third Quarter Results Business Areas October 30th 2015 16


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October 30th 2015 2015 Third Quarter Results Business Areas Spain 17 9M15 Growth 9M15/9M14 % % (constant) 694 n.s. n.s. 1,101 32.0% 32.0% -407 36.0% 36.0% USA 410 35.8% 12.1% Turkey ex additional stake of 14.89% 224 -4.7% -3.5% 1,513 12.2% 9.6% South America ex Venezuela 689 9.2% 7.1% Corporate Center ex Corporate Operations -811 29.1% 29.1% 66 -71.9% -72.1% 2,786 54.2% 45.6% Banking Activity Real Estate Mexico Rest of Eurasia Total ex Corporate Operations Note: Spain includes Real Estate activities. Total excludes VZ and impacts of the additional 14.89% stake in Garanti acquisition


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October 30th 2015 2015 Third Quarter Results 18 Business Activity (%) Gross Income NII + Fees (%) Lending* Cust. Funds (€m) (€m) +8.2% +12.1% -1.1% +2.9% -2,9 11,5 -2,3 Sep.15/Sep.14 Sep.15/Dec.14 12,5 -2,3 12,5 1,318 1,447 1,427 1,361 10,8 1,304 1,675 1,537 -1.4% -4.2% -2,4 Sep.15/Sep.14 Sep.15/Dec.14 3Q14 2Q15 -13.0% -16.4% 3Q15 3Q14 2Q15 Operating Income (€m) +3.4% ++1.6% 776 1,127 1,125 -28.7% -29.9% 3Q14 * Gross loans and advances to customers Note: Activity excludes repos 1,925 1,840 1,494 2Q15 803 789 3Q15 3Q15


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October 30th 2015 2015 Third Quarter Results 19 (%) 62 60 47 6.8 45 6.7 5.9 5.8 Jun.15 Sep.15 Coverage ratio 44 NPL ratio 6.2 Sep.14 (%) 0.9 0.8 0.7 0.7 0.6 (€ bn) 14.5 14.1 11.7 YoY -8.8% 11.1 10.7 +20.1% (with CX) Sep.14 Jun.15 Sep.15 3Q14 2Q15 3Q15


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October 30th 2015 2015 Third Quarter Results 20 (€m) Growth 9M15/9M14 Abs. % Banking activity in Spain 9M15 Net interest Income 3,000 + 165 5.8 Gross Income 5,386 + 507 10.4 Costs -2,375 - 238 11.1 Operating Income 3,010 + 269 9.8 Income Before Tax 1,565 + 383 32.4 Net Attributable Profit 1,101 + 267 32.0


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October 30th 2015 2015 Third Quarter Results Market 21  Prices increase above inflation level  Mortgages benefit from low interest rates  Increase in demand  Housing stock decreases  Maximizing value of sales  Provisions reduction BBVA with CX Net exposure Net attributable profit(1) (€ bn) (€ m) -11.3% -3.2% 13,3 12.8 9M14 9M15 11,8 Sep.14 -407 Sep.15 -636 Note: Net exposure according to Bank of Spain's "RE transparency scope" (Circular 5-2011) (1) Figures include Catalunya Caixa -36%


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October 30th 2015 2015 Third Quarter Results 22 (€m) Growth Total Spain 9M15 9M15/9M14 Abs. % Net interest Income Gross Income 3,026 MARGEN DE + 222 INTERESES 7.9 MARGEN BRUTO 5,364 + 640 13.5 Costs MARGEN BRUTO -2,476 Operating Income - 223 9.9 2,888 + MARGEN NETO417 16.9 Income Before Tax ANTES DE IMPUESTOS RESULTADOS 969 + 737 n.s. Net Attributable Profit 694 n.s. RESULTADO + 496 ATRIBUIBLE AL GRUPO


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October 30th 2015 2015 Third Quarter Results Business Activity (constant €, %) 23 (Sep.15/Sep.14) (Sep.15/Sep.14) (constant €m) (constant €m) Lending* Cust. Funds +12.7% +7.8% Gross Income NII + Fees +3.3% +3.6% 590 611 603 673 625 -4.1% +1.3% 3Q14 2Q15 3Q15 3Q14 Operating Income (constant €m) +12.3% 174 225 195 -13.1% * Gross loans and advances to customers Note: Activity excludes repos 646 3Q14 2Q15 3Q15 2Q15 3Q15


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October 30th 2015 2015 Third Quarter Results (%) 24 (%) Coverage ratio 164 151 153 0,1 0,2 0,2 NPL ratio 0.9 0.9 0.9 Sep.14 Jun.15 Sep.15 3Q14 2Q15 3Q15


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October 30th 2015 2015 Third Quarter Results 25 (Constant €m) 9M15 Growth 9M15 / 9M14 Abs. % Net interest Income 1,342 + 61 4.8 Gross Income 1,979 + 80 4.2 Costs -1,334 -7 0.5 Operating Income 645 + 73 12.8 Income Before Tax 556 + 75 15.7 Net Attributable Profit 410 + 44 12.1 USA


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October 30th 2015 2015 Third Quarter Results Business Activity (constant €, %) 26 Gross Income NII + Fees (constant €m) (constant €m) Lending* Cust. Funds +20.6% +22.0% +30.2% (Sep.15/Sep.14) (Sep.15/Sep.14) 236 -1.7% 285 261 238 +9.1% 3Q14 2Q15 2Q15 234 -9.5% 3Q15 3Q15 3Q14 Operating Income (constant €m) -21.5% 139 148 109 -25.9% * Gross loans and advances to customers Note: Activity excludes repos Note: Figures exclude the impacts of the additional 14.89% stake in Garanti acquisition 258 3Q14 2Q15 2Q15 3Q15 3Q15 2Q15 2Q15 3Q15 3Q15


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October 30th 2015 2015 Third Quarter Results (%) 27 (%) Coverage ratio 115 119 119 NPL ratio 2.6 Sep.14 1,6 2.7 Jun.15 2.6 Sep.15 Note: Figures exclude the impacts of the additional 14.89% stake in Garanti acquisition 3Q14 1,1 2Q15 1.1 3Q15


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October 30th 2015 2015 Third Quarter Results 28 (Constant €m) Growth 9M15 / 9M14 Turkey 9M15 Abs. % with additional with additional stake stake Abs. % Net interest Income 649 + 145 28.8 + 817 n.s. Gross Income 726 + 47 6.9 + 692 n.s. Costs -338 - 53 18.7 - 402 n.s. Operating Income 388 -7 -1.7 + 290 73.6 Income Before Tax 279 - 14 -4.9 + 167 56.9 Net Attributable Profit 224 -8 -3.5 + 17 7.3


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October 30th 2015 2015 Third Quarter Results Business Activity (constant €, %) 29 (Sep.15/Sep.14) (Sep.15/Sep.14) (constant €m) (constant €m) Lending* Cust. Funds +15.5% +10.2% Gross Income NII + Fees +8.7% +9.4% 1.537 1.662 1.682 1.649 1.762 +1.2% 3Q14 2Q15 +1.8% 3Q15 3Q14 Operating Income (constant €m) +8.2% 1.030 * Gross loans and advances to customers Note: Activity excludes repos 1.793 1.116 1.115 3Q14 2Q15 3Q15 2Q15 3Q15


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October 30th 2015 2015 Third Quarter Results 30 (%) (%) Coverage ratio 116 112 121 3,5 NPL ratio 3,4 3Q14 2Q15 3.2 2.8 Sep.14 Jun.15 3,3 2.6 Sep.15 3Q15


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October 30th 2015 2015 Third Quarter Results 31 (Constant €m) Mexico 9M15 Growth 9M15 / 9M14 Abs. % Net interest Income 4,033 + 360 9.8 Gross Income 5,253 + 359 7.3 Costs -1,952 - 138 7.6 Operating Income 3,302 + 222 7.2 Income Before Tax 2,004 + 185 10.1 Net Attributable Profit 1,513 + 132 9.6


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October 30th 2015 2015 Third Quarter Results 32 Business Activity NII + Fees (constant €, %) (constant €m) Lending* Cust. Funds +13.5% +17.4% (Sep.15/Sep.14) (Sep.15/Sep.14) Gross Income (constant €m) +9.6% +12.1% 868 973 948 1.011 1.076 +2.6% 3Q14 2Q15 +3.0% 3Q15 3Q14 Operating Income (constant €m) +6.8% 572 611 597 +2.4% 3Q14 *Gross loans and advances to customers Note: activity excluding repos 1.108 2Q15 3Q15 2Q15 3Q15


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October 30th 2015 2015 Third Quarter Results (%) (%) 128 NPL ratio 2.2 Sep.14 33 Coverage ratio 120 123 1,3 2.3 Jun.15 1,5 1,2 2.3 Sep.15 3Q14 2Q15 3Q15


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October 30th 2015 2015 Third Quarter Results 34 (Constant €m) 9M15 Growth 9M15 / 9M14 Abs. % Net interest Income 2,307 + 242 11.7 Gross Income 3,220 + 327 11.3 Costs -1,453 - 170 13.2 Operating Income 1,767 + 157 9.8 Income Before Tax 1,305 + 112 9.4 689 + 46 7.1 South America ex Venezuela Net Attributable Profit


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2015 Third Quarter Results  Quarterly results impacted by market downturn and noncash one off  Outstanding operating performance  Capital and results: We are on track to meet our objective October 30th 2015 35  Resilient and growing results thanks to our diversified portfolio  Developed markets: macro recovery will continue supporting the Group´s results growth  Emerging markets: despite macro slowdown, results and asset quality trends remain solid


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2015 Third Quarter Results Annex October 30th 2015 36


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October 30th 2015 2015 Third Quarter Results 37 Rest of Eurasia 359 €m South America 3,220 €m Mexico 19% 2% 32% 5,364 €m Gross Income USA 9M15 5,253 €m 31% Spain 1,979 €m 12% 4% Turkey 726 €m Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition


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October 30th 2015 2015 Third Quarter Results 38 Net attributable profit €m Businesses € +700 m 1.929 -8 -1,252 333 1.702 229 44 17 -32 Turkey Rest of Eurasia 7.3 -32.5 46 -4 Mexico South America Ex VZA Venezuela 9.6 7.1 -44.5 132 267 9M14 €m YoY (%) FX Effect Cor. Operation* Banking activity Spain 32.0 * Includes impact of lower dividends received from CNCB. RE activity Spain -36.0 USA 12.1 Corporate Center 9M15 €m constant


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October 30th 2015 2015 Third Quarter Results 39 (€m) Growth BBVA Group 9M15/9M14 9M15 % Abs. constant % constant 10.5 + 1,952 19.4 12.5 + 2,258 14.8 - 979 12.2 - 1,024 12.8 + 964 12.8 + 1,233 17.0 + 1,250 40.5 + 1,383 46.8 NI ex Corporate Operations OPS. CONTINUADAS BDI 3,226 + 949 41.7 + 1,031 46.9 Corporate Operations Income OPS. CORPORATIVAS RDO. -1,113 - 1,113 n.s. - 1,113 n.s. - 227 - 11.8 - 220 - 11.4 Abs. Net interest Income Gross Income Costs Operating Income 12,011 MARGEN DE INTERESES + 1,143 MARGEN BRUTO17,534 + 1,943 TOTAL GASTOS -9,024 MARGEN8,510 NETO Income Before Tax RESULTADOS ANTES DE IMPUESTOS 4,335 Net Attributable Profit RESULTADO ATRIBUIBLE AL GRUPO 1,702 Note: Figures include Venezuela and impacts of the additional 14.89% stake in Garanti acquisition


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October 30th 2015 2015 Third Quarter Results 40 (€m) Growth BBVA Group 3Q15/3Q14 3Q15 Abs. % Abs. constant % constant + 660 17.2 + 1,196 34.9 + 757 14.5 + 1,159 23.2 - 537 19.4 - 676 25.0 + 220 9.0 + 483 21.1 Income Before Tax RESULTADOS ANTES DE IMPUESTOS 1,289 + 313 32.1 + 455 50.3 NI ex Corporate Operations OPS. CONTINUADAS BDI 995 + 262 35.7 + 370 54.7 Corporate Operations Income OPS. CORPORATIVAS RDO. -1,840 - 1,840 n.s. - 1,840 n.s. Net Attributable Profit RESULTADO ATRIBUIBLE AL GRUPO -1,057 - 1,658 n.s. - 1,583 n.s. Net interest Income Gross Income Costs Operating Income MARGEN4,490 DE INTERESES MARGEN BRUTO 5,980 TOTAL GASTOS -3,307 MARGEN2,673 NETO Note: Figures include Venezuela and impacts of the additional 14.89% stake in Garanti acquisition


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October 30th 2015 2015 Third Quarter Results 41 Coverage ratio (%) 61 63 62 65 66 NPL ratio (%) 55.3 Sep.14 55.4 Dec.14 53.9 Mar.15 54.3 Jun.15 52.5 Sep.15


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October 30th 2015 2015 Third Quarter Results 42 (€m) Growth Real Estate Activity in Spain 9M15 9M15/9M14 Abs. Net interest Income Gross Income 26 + 57 MARGEN DE INTERESES MARGEN BRUTO -22 % n.s. + 132 -85.8 Costs -100 + 15 -12.9 Operating Income -122 + 147 -54.6 + 40 -18.3 + 153 -33.3 -1 80.0 + 354 -37.3 Net Attributable Profit RESULTADO ATRIBUIBLE AL GRUPO -407 + 229 - 36.0 Loan-loss Provisions SANMTO CREDITICIO -178 Provisions (net) and other gains (losses) Other Income Before Tax Note: Includes Catalunya Caixa -305 RESTO ACTIVOS -1 -596


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October 30th 2015 2015 Third Quarter Results 43 (€m) Rest of Eurasia 9M15 Growth 9M15 /9M14 Abs. % Net interest Income 130 - 15 -10.1 Gross Income 359 - 243 -40.3 Costs -252 +1 -0.4 Operating income 107 - 241 -69.2 Income Before Tax 101 - 189 -65.2 Net Attributable Profit 66 - 170 -71.9


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October 30th 2015 2015 Third Quarter Results 44 (€m) Venezuela Growth 9M15/9M14 9M15 Abs. Net interest Income Gross Income 177 - 1,072 MARGEN DE INTERESES % Abs. constant % constant -85.9 + 94 n.s. MARGEN BRUTO 186 - 728 -79.7 + 125 n.s. total gastos -63 + 329 -83.8 - 38 n.s. 122 MARGEN NETO Income Before Tax RESULTADOS ANTES DE IMPUESTOS 71 - 399 -76.6 + 88 n.s. - 247 -77.8 + 50 n.s. Net Attributable Profit RESULTADO ATRIBUIBLE AL GRUPO 4 - 118 - 96.3 -4 - 44.5 Costs Operating Income


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October 30th 2015 2015 Third Quarter Results 45 (€m) Growth Corporate Center Net interest Income Gross Income Costs Operating Income Income Before Tax Corporate Operations Income Net Attributable Profit 9M15 9M15/9M14 Abs. % MARGEN DE INTERESES -324 + 173 -34.8 MARGEN BRUTO -198 + 286 -59.1 total gastos -809 - 56 7.5 MARGEN NETO -1,007 + 230 -18.6 RESULTADOS ANTES DE IMPUESTOS -1,130 + 251 -18.2 RDO. OPS. CORPORATIVAS -1,113 - 1,113 n.s. RESULTADO ATRIBUIBLE AL GRUPO -1,924 - 780 68.2


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October 30th 2015 2015 Third Quarter Results 46 Sep-15 vs. Sep-14 (constant €, %) Gross loans* Customer Funds* Spain +10.8% +12.5% USA +12.7% +7.8% Turkey +22.0% +30.2% Mexico +15.5% +10.2% South America** +13.5% +17.4% (*) Activity ex repos. Includes Catalunya Caixa. (**) Figures exclude Venezuela


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October 30th 2015 2015 Third Quarter Results 47 2Q15: 1.96% ex CX 3Q15: 1.98% ex CX Average, € Customer Spreads 3Q14 4Q14 1Q15 2Q15 3Q15 9M14 9M15 Spain 1.92% 1.94% 1.93% 1.88% 1.83% 1.84% 1.88% USA 3.13% 3.18% 3.13% 3.11% 3.10% 3.23% 3.11% Mexico 11.05% 11.23% 10.94% 10.89% 10.59% 11.21% 10.80% Argentina 16.37% 17.34% 16.70% 15.99% 15.31% 15.49% 15.96% Chile 3.43% 4.80% 2.84% 4.56% 4.66% 3.95% 4.03% Colombia 6.42% 6.31% 6.49% 6.33% 6.08% 6.78% 6.29% Peru 7.16% 7.36% 7.23% 7.23% 7.03% 7.36% 7.16% Venezuela 16.99% 17.94% 17.71% 16.65% 18.29% 17.16% 17.58% Turkey 4.49% 4.67% 4.56% 4.69% 4.90% 3.85% 4.72% Note 1: USA ex NY Business Activity Note 2: Customer spreads, difference between lending yield and cost of deposits from customers


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2015 Third Quarter Results Madrid, October 30th 2015


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