2015 Third Quarter Results

1. vs. 3Q14
€ 784 M
€ 2,815 M
+30.4%
vs. 9M14+45.9%
3Q15
9M15
2015 Third Quarter Results
Net attributable profit
€ 5,980 M
€ 1,074 M
+14.5%
+23.2%
Constant €
3Q15
vs. 3Q14
3Q15
1.10%
Gross income
vs. 3Q14
Impacted by market environment
Cost of Risk and Loan-loss
provisions + RE impairments
Cost of risk YTD
Loan-loss provisions +
Real-estate impairments
3Q15
+9% vs. 3Q14
€ 2,673 M
+21.1%
Constant €
vs. 3Q14
Operating income
Risks
Indicators continue to improve
5.6%
NPL ratio
74%
Coverage ratio CET1 Ratios
11.7%
Leverage ratio
5.7% Fully-loaded
Fully-loaded
9.8%
Phased-in
Capital
Garanti Bank Closing
Digital customer base Distribution model Digital sales
Digital customers Mobile customers
14.0 M 40 M
-41%+21% vs. Sep14 vs. Sep14 vs. 2009
7.6 M
+51%
Maintaining positive jaws
Improvement in risk indicators Solid capital ratios
(Figures include Turkey)
Transformation on track
Branch activity
23.7%
Digital consumer loans
BBVA Spain - % of new loansBBVA Spain - Transactions*BBVA Group BBVA Group
Good performance of
recurring income
(Ex. corporate
operations)
*Annualized September 2015 figures
Footprint
• In spite of slowdown, 2-3% GDP
growth rate is expected
Macro Outlook
South America
• Affected by foreign and
domestic headwinds
• Positive growth in the
Pacific Alliance
Mexico
• Resilient economy
• Recovery linked to the
US economy
USA
• Solid domestic demand
• Gradual interest rate hike
Spain
• Solid GDP growth
Turkey
• High growth trend
despite geopolitical risk
Since the third quarter of 2015, the total stake in Garanti (39.90%) is consolidated by the full integration method. For previous years, the financial information provided
in this document is presented integrated in the proportion corresponding to the percentage of the Group’s stake at that time (25.01%).
Improvement in cost of risk

2. USA
€ 410 M
+12.1% vs. 9M14
vs. 9M14
Constant €
€ -407 M
Spain
* According to Bank of Spain's "RE transparency scope" (Circular 5-2011)
€ 1,101 M
+32.0%
vs. 9M14-36.0%
Activity dynamism
New loan production
dynamism
Loan-loss provision
reduction
Distribution model
transformation
Market: increase in
demand
BBVA: maximizing value
of sales
Market: mortgages
benefit from low interest
rates
Good P&L trends
Positive sensivity to rising
interest rates
2015 Third Quarter Results
Net attributable profit
Net attributable profit
Net attributable profit
9M15 Results
9M15 Results
Net exposure*
TurkeyConstant €
€ 249 M
+7.3% vs. 9M14
Excellent NII performance
Negative trading income
Outstanding asset quality
9M15 Results
Net attributable profit
€ 1,513
Mexico Constant €
+9.6% vs. 9M14
Double-digit business
activity growth
Portfolio mix change
Sound and improving
risk indicators
9M15 Results
Net attributable profit
€ 689 M
+7.1% vs. 9M14
Activity dynamism
translated into P&L
Investing in transformation
Andean region growth
9M15 Results
Net attributable profit
Banking activity
RE Activity
S. America Constant €Ex. Ven.
-3.2%vs. 9M14