Form 6-K

6-K 1 d523782d6k.htm FORM 6-K Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April, 2013

Commission file number: 1-10110

BANCO BILBAO VIZCAYA ARGENTARIA, S.A.

(Exact name of Registrant as specified in its charter)

BANK BILBAO VIZCAYA ARGENTARIA, S.A.

(Translation of Registrant’s name into English)

Paseo de la Castellana, 81

28046 Madrid

Spain

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ¨ No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ¨ No x

LOGO

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), in compliance with the Securities Market legislation, hereby communicates the following:

RELEVANT INFORMATION

In order to facilitate the understanding of the 1^stquarter 2013 information that will be released the following April 26^th, BBVA announces that the information regarding Spain and Corporate Activities will be modified as follows:

•

The information regarding Spain will include, in addition to the results of the former Spain reporting unit, the results of the Asset and Liability Management (ALM) of the Euro balance sheet, of the Real Estate (RE) assets and the general expenses associated with Spain, previously reported under Corporate Activities.

•

Disclosure of the P&L of Spain reporting unit: The results associated with the recurrent banking business will be reported separately, under “Banking Activity” and will not include the results associated with the Real Estate exposure. The results associated with the Real Estate exposure, including loans to developers, will be reported under “Real Estate Activity”.

•

Finally, the results from the business in Puerto Rico, which was sold in December 2012, has been reclassified to Corporate Activities from The United States

In order to facilitate the comparison with preceding years, please find attached a new set of restated income statements going back 8 quarters, according to the new information structure.

This reorganization of the reporting structure does not affect the consolidated financial information.

Madrid, April 19, 2013

LOGO

BBVA Group. Consolidated Income statement

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		3,173		3,213		3,285		3,482		3,594		3,741		3,877		3,910
Net fees and commissions		985		1,035		1,007		1,004		1,062		1,061		1,104		1,126
Net trading income		751		331		-5		403		340		461		319		646
Dividends		23		259		50		230		27		311		35		17
Income by the equity method		119		122		149		205		191		175		169		191
Other operating income and expenses		79		62		23		42		51		57		6		-32
Gross income		5,130		5,022		4,508		5,368		5,265		5,806		5,512		5,858
Operating costs		-2,307		-2,426		-2,408		-2,597		-2,528		-2,633		-2,771		-2,855
Administration costs		-2,112		-2,219		-2,194		-2,372		-2,298		-2,397		-2,511		-2,561
Personnel expenses		-1,247		-1,277		-1,295		-1,372		-1,347		-1,396		-1,447		-1,472
General and administrative expenses		-865		-943		-899		-1,000		-951		-1,001		-1,064		-1,089
Depreciation and amortization		-194		-206		-214		-225		-230		-236		-259		-294
Operating income		2,824		2,596		2,100		2,771		2,738		3,173		2,741		3,003
Impairment on financial assets (net)		-1,023		-962		-904		-1,337		-1,085		-2,182		-2,038		-2,675
Provisions		-150		-83		-93		-182		-130		-98		-195		-228
Other gains (losses)		-71		-155		-166		-1,719		-223		-311		-561		-269
Income before tax		1,579		1,397		937		-466		1,299		582		-53		-168
Income tax		-347		-167		-77		385		-223		3		275		220
Net income from ongoing operations		1,232		1,229		859		-81		1,076		584		222		52
Net income from discontinued operations		58		66		48		74		96		75		83		138
Net income		1,290		1,295		907		-7		1,173		659		305		190
Non-controlling interests		-141		-106		-103		-132		-168		-154		-159		-170
Net attributable profit		1,150		1,189		804		-139		1,005		505		146		20

Income statement

(Constant million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		3,224		3,328		3,424		3,650		3,628		3,764		3,810		3,921
Net fees and commissions		999		1,066		1,042		1,044		1,070		1,065		1,088		1,13
Net trading income		763		345		9		416		344		461		314		648
Dividends		23		260		51		230		27		311		35		18
Income by the equity method		119		122		149		205		191		175		169		191
Other operating income and expenses		70		50		11		43		49		60		5		-32
Gross income		5,199		5,171		4,684		5,589		5,309		5,836		5,422		5,874
Operating costs		-2,342		-2,500		-2,492		-2,691		-2,547		-2,643		-2,731		-2,865
Administration costs		-2,144		-2,286		-2,269		-2,458		-2,315		-2,406		-2,475		—
Personnel expenses		-1,266		-1,316		-1,337		—		-1,357		-1,399		-1,428		-1,478
General and administrative expenses		-877		-970		-933		-1,043		-959		-1,007		-1,047		-1,092
Depreciation and amortization		-199		-214		-223		-233		-231		-237		-256		-294
Operating income		2,857		2,671		2,192		2,898		2,762		3,193		2,691		3,009
Impairment on financial assets (net)		-1,032		-983		-933		—		-1,091		-2,190		-2,025		-2,675
Provisions		-151		-86		-95		-187		-131		-98		-194		-229
Other gains (losses)		-70		-155		-167		-1,839		-224		-311		-561		-269
Income before tax		1,603		1,448		997		-502		1,317		593		-89		-162
Income tax		-350		-179		-91		401		-227		0		284		218
Net income from ongoing operations		1,253		1,269		906		-101		1,091		593		194		56
Net income from discontinued operations		60		70		50		81		99		76		80		138
Net income		1,313		1,339		956		-20		1,189		670		274		194
Non-controlling interests		-150		-119		-113		-142		-171		-155		-154		-171
Net attributable profit		1,163		1,220		842		-161		1,018		515		121		22

Spain

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		1,150		1,092		1,059		1,051		1,176		1,188		1,229		1,134
Net fees and commissions		349		360		301		303		347		326		348		339
Net trading income		187		49		-119		132		126		62		2		37
Other income/expenses		92		145		113		105		69		111		43		42
Gross income		1,777		1,646		1,355		1,591		1,719		1,688		1,623		1,551
Operating costs		-744		-745		-723		-726		-721		-719		-754		-820
Administration costs		-715		-715		-694		-701		-690		-690		-722		-789
Personnel expenses		-464		-462		-458		-441		-448		-446		-469		-491
General and administrative expenses		-251		-253		-236		-260		-242		-244		-253		-297
Depreciation and amortization		-29		-30		-29		-25		-31		-29		-31		-32
Operating income		1,033		901		632		865		998		969		869		731
Impairment on financial assets (net)		-466		-453		-380		-802		-630		-1,658		-1,411		-1,953
Provisions (net) and other gains/losses		-215		-281		-169		-367		-275		-288		-977		-427
Income before tax		353		167		83		-304		93		-978		-1,520		-1,649
Income tax		-96		-51		-12		127		-23		264		482		449
Net income		257		116		71		-177		70		-714		-1,038		-1,199
Non-controlling interests		0		1		0		0		0		0		0		0
Net attributable profit		256		116		71		-177		69		-714		-1,038		-1,199

Banking activity in Spain

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		1,093		1,060		1,048		1,048		1,174		1,193		1,250		1,131
Net fees and commissions		345		352		296		298		342		322		344		335
Net trading income		184		49		-119		123		125		107		-11		34
Other income/expenses		99		146		114		109		68		128		65		57
Gross income		1,721		1,607		1,340		1,578		1,708		1,750		1,648		1,558
Operating costs		-715		-716		-706		-700		-694		-692		-721		-780
Administration costs		-690		-691		-680		-675		-669		-667		-696		-755
Personnel expenses		-453		-452		-448		-428		-435		-433		-454		-472
General and administrative expenses		-237		-239		-233		-247		-235		-234		-242		-283
Depreciation and amortization		-25		-25		-25		-25		-25		-24		-25		-25
Operating income		1,006		890		634		878		1,014		1,058		927		778
Impairment on financial assets (net)		-364		-440		-294		-521		-449		-469		-476		-459
Provisions (net) and other gains/losses		-76		-86		13		-125		-34		2		-108		-133
Income before tax		566		365		353		232		530		592		343		187
Income tax		-160		-110		-94		-73		-160		-178		-93		-56
Net income		405		255		258		159		370		414		251		130
Non-controlling interests		-1		0		0		0		-1		-1		-1		-1
Net attributable profit		405		254		258		159		370		413		250		129

Real Estate activity

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter

Net interest income		58		32		11		3		3		-5		-20		2
Net fees and commissions		4		8		5		5		5		4		4		4
Net trading income		2		0		0		9		1		-45		13		2
Other income/expenses		-7		-1		-1		-4		1		-17		-22		-16
Gross income		57		39		15		13		10		-63		-26		-7
Operating costs		-29		-28		-18		-26		-27		-27		-32		-40
Administration costs		-25		-24		-14		-26		-20		-23		-26		-33
Personnel expenses		-11		-10		-10		-12		-13		-13		-15		-19
General and administrative expenses		-14		-14		-3		-14		-7		-10		-12		-14
Depreciation and amortization		-4		-5		-4		0		-6		-4		-6		-7
Operating income		28		11		-3		-13		-17		-90		-58		-47
Impairment on financial assets (net)		-101		-13		-86		-281		-180		-1,189		-935		-1,494
Provisions (net) and other gains/losses		-139		-195		-181		-242		-241		-290		-870		-294
Income before tax		-213		-198		-270		-536		-438		-1,569		-1,863		-1,835
Income tax		64		59		82		200		137		442		574		505
Net income		-149		-139		-187		-336		-301		-1,127		-1,289		-1,330
Non-controlling interests		0		1		0		0		0		1		0		1
Net attributable profit		-148		-138		-187		-336		-300		-1,127		-1,288		-1,328

Eurasia

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		107		202		216		281		185		201		220		245
Net fees and commissions		63		107		117		104		109		126		101		116
Net trading income		32		40		18		24		42		41		9		40
Other income/expenses		139		140		154		222		199		194		196		191
Gross income		341		489		505		631		535		562		526		591
Operating costs		-93		-171		-177		-205		-174		-192		-206		-207
Administration costs		-89		-157		-165		-191		-160		-179		-192		-193
Personnel expenses		-57		-86		-100		-105		-91		-101		-106		-106
General and administrative expenses		-32		-70		-65		-86		-69		-77		-86		-87
Depreciation and amortization		-4		-15		-12		-13		-13		-13		-14		-14
Operating income		248		318		328		426		361		370		320		384
Impairment on financial assets (net)		-29		-23		-15		-44		-27		-50		-61		-190
Provisions (net) and other gains/losses		6		-3		15		-5		-6		-13		0		-30
Income before tax		225		292		327		378		328		307		259		164
Income tax		-26		-42		-57		-34		-29		-27		-23		-26
Net income		199		250		270		344		299		279		236		138
Non-controlling interests		0		0		0		0		0		0		0		0
Net attributable profit		199		250		270		344		299		279		236		138

Mexico

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		954		955		931		942		1,015		1,006		1,066		1,092
Net fees and commissions		257		257		259		242		255		262		272		283
Net trading income		123		109		28		36		69		33		70		46
Other income/expenses		51		47		68		63		62		77		73		75
Gross income		1,385		1,368		1,287		1,284		1,402		1,377		1,481		1,497
Operating costs		-502		-488		-474		-470		-535		-522		-559		-553
Administration costs		-477		-463		-447		-441		-504		-491		-524		-516
Personnel expenses		-221		-211		-202		-186		-225		-223		-236		-227
General and administrative expenses		-256		-252		-246		-255		-279		-269		-288		-289
Depreciation and amortization		-25		-25		-27		-28		-31		-31		-35		-37
Operating income		883		879		813		814		866		855		922		944
Impairment on financial assets (net)		-310		-303		-302		-265		-314		-302		-353		-350
Provisions (net) and other gains/losses		-11		-17		-21		-10		-14		-10		-14		-3
Income before tax		562		560		489		539		538		543		555		591
Income tax		-149		-138		-126		-101		-129		-131		-149		-131
Net income from ongoing operations		413		422		363		438		409		412		406		461
Net income from discontinued operations		16		21		21		22		22		24		28		62
Net income		429		444		384		460		431		436		434		523
Non-controlling interests		-1		-1		-1		-1		-1		-1		-1		-1
Net attributable profit		429		443		384		459		430		435		433		522

Income statement

(Constant million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		932		953		960		1,025		1,022		1,032		1,040		1,085
Net fees and commissions		250		256		267		265		257		269		265		282
Net trading income		120		109		32		42		70		34		69		46
Other income/expenses		50		47		70		68		63		78		71		74
Gross income		1,352		1,365		1,328		1,400		1,411		1,414		1,445		1,487
Operating costs		-490		-488		-489		-512		-539		-536		-545		-549
Administration costs		-465		-462		-461		-481		-508		-504		-511		-512
Personnel expenses		-216		-211		-208		-204		-227		-228		-230		-225
General and administrative expenses		-250		-251		-253		-277		-281		-276		-281		-287
Depreciation and amortization		-24		-25		-27		-30		-31		-32		-34		-37
Operating income		862		878		839		888		872		878		900		938
Impairment on financial assets (net)		-302		-302		-312		-290		-316		-310		-345		-348
Provisions (net) and other gains/losses		-10		-17		-22		-11		-15		-11		-13		-2
Income before tax		549		559		506		586		542		557		541		587
Income tax		-146		-137		-130		-112		-130		-134		-146		-130
Net income from ongoing operations		403		421		376		474		412		423		395		458
Net income from discontinued operations		16		21		22		24		22		25		27		62
Net income		419		443		397		497		434		448		423		520
Non-controlling interests		-1		-1		-1		-1		-1		-1		-1		-1
Net attributable profit		418		442		397		497		433		447		422		519

South America

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		693		740		820		908		946		1,029		1,108		1,208
Net fees and commissions		165		171		176		208		203		222		233		252
Net trading income		197		79		97		112		125		97		115		107
Other income/expenses		-42		-57		-79		-85		-41		-38		-85		-118
Gross income		1,013		932		1,014		1,142		1,233		1,309		1,371		1,450
Operating costs		-432		-446		-475		-540		-506		-558		-605		-633
Administration costs		-399		-412		-435		-496		-469		-517		-558		-584
Personnel expenses		-219		-228		-239		-271		-256		-284		-300		-309
General and administrative expenses		-180		-183		-195		-225		-213		-233		-257		-275
Depreciation and amortization		-33		-34		-40		-44		-37		-41		-47		-49
Operating income		581		487		539		602		727		752		766		816
Impairment on financial assets (net)		-120		-88		-114		-127		-98		-136		-174		-184
Provisions (net) and other gains/losses		-15		-8		-21		-45		-25		-50		-52		-75
Income before tax		445		390		404		431		604		565		540		557
Income tax		-68		-78		-100		-98		-136		-123		-120		-115
Net income from ongoing operations		378		312		304		333		468		442		420		442
Net income from discontinued operations		41		43		25		51		73		49		53		66
Net income		418		355		329		384		541		492		473		508
Non-controlling interests		-139		-108		-102		-131		-167		-154		-158		-170
Net attributable profit		279		248		227		253		374		338		316		338

Income statement

(Constant million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter

Net interest income		741		814		890		968		961		1,027		1,082		1,221
Net fees and commissions		175		186		190		219		205		221		228		256
Net trading income		208		89		106		118		127		96		112		108
Other income/expenses		-48		-67		-90		-90		-42		-38		-84		-117
Gross income		1,076		1,022		1,096		1,216		1,251		1,306		1,338		1,467
Operating costs		-456		-481		-510		-570		-512		-556		-592		-642
Administration costs		-420		-443		-466		-524		-474		-515		-546		-592
Personnel expenses		-231		-245		-256		-285		-259		-283		-294		-313
General and administrative expenses		-190		-198		-210		-238		-216		-233		-252		-279
Depreciation and amortization		-36		-38		-44		-47		-37		-41		-46		-49
Operating income		620		542		586		646		740		750		746		826
Impairment on financial assets (net)		-130		-100		-124		-135		-101		-136		-171		-185
Provisions (net) and other gains/losses		-16		-11		-22		-47		-26		-50		-51		-76
Income before tax		474		431		440		464		613		564		525		565
Income tax		-73		-86		-108		-105		-138		-122		-117		-117
Net income from ongoing operations		402		345		332		359		476		441		408		447
Net income from discontinued operations		43		47		27		57		75		50		51		65
Net income		445		392		359		415		551		491		459		513
Non-controlling interests		-149		-121		-113		-141		-171		-154		-153		-171
Net attributable profit		296		271		246		274		380		337		306		342

The United States

Income statement (Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		387		368		376		386		389		397		393		372
Net fees and commissions		149		157		158		147		153		148		144		136
Net trading income		62		16		25		30		37		59		19		38
Other income/expenses		-15		-6		-35		-23		-17		-15		-5		-5
Gross income		582		535		524		540		562		589		551		541
Operating costs		-356		-343		-344		-376		-364		-377		-386		-379
Administration costs		-313		-303		-303		-333		-323		-333		-339		-326
Personnel expenses		-189		-186		-197		-214		-210		-220		-214		-196
General and administrative expenses		-124		-117		-106		-119		-114		-113		-125		-129
Depreciation and amortization		-43		-40		-41		-43		-41		-44		-47		-53
Operating income		226		192		180		164		198		212		165		162
Impairment on financial assets (net)		-93		-85		-89		-53		-28		-14		-32		2
Provisions (net) and other gains/losses		-7		2		-15		-1,475		-12		-16		-13		-6
Income before tax		126		108		76		-1,363		159		182		120		159
Income tax		-35		-29		-22		427		-50		-58		-36		-33
Net income		91		79		54		-936		108		125		84		125
Non-controlling interests		0		0		0		0		0		0		0		0
Net attributable profit		91		79		54		-936		108		125		84		125

Income statement

(Constant million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		412		413		410		402		397		395		383		376
Net fees and commissions		159		175		169		150		156		146		141		138
Net trading income		66		19		26		30		37		58		18		39
Other income/expenses		-16		-7		-38		-24		-17		-14		-5		-5
Gross income		620		600		567		557		573		584		538		548
Operating costs		-379		-384		-373		-389		-371		-374		-377		-384
Administration costs		-334		-340		-329		-344		-329		-330		-331		-330
Personnel expenses		-201		-208		-214		-222		-214		-218		-209		-199
General and administrative expenses		-132		-131		-115		-123		-116		-112		-122		-131
Depreciation and amortization		-46		-45		-45		-45		-42		-44		-46		-54
Operating income		241		215		194		168		202		210		161		164
Impairment on financial assets (net)		-99		-96		-98		-55		-28		-14		-31		2
Provisions (net) and other gains/losses		-8		1		-15		-1,597		-12		-16		-12		-6
Income before tax		135		121		80		-1,483		162		181		117		160
Income tax		-38		-33		-23		463		-51		-57		-35		-34
Net income		97		89		57		-1,020		111		124		82		126
Non-controlling interests		0		0		0		0		0		0		0		0
Net attributable profit		97		89		57		-1,020		111		124		82		126

Corporate Center

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		-119		-144		-118		-86		-117		-80		-139		-141
Net fees and commissions		3		-17		-4		1		-5		-22		6		0
Net trading income		151		38		-55		70		-59		170		105		378
Other income/expenses		-3		175		1		195		-4		213		-12		-9
Gross income		32		52		-177		179		-185		281		-39		228
Operating costs		-180		-232		-215		-281		-228		-265		-262		-263
Administration costs		-120		-170		-149		-209		-152		-187		-176		-154
Personnel expenses		-97		-103		-99		-155		-118		-122		-121		-143
General and administrative expenses		-23		-67		-51		-54		-34		-65		-55		-11
Depreciation and amortization		-60		-62		-65		-72		-76		-78		-86		-109
Operating income		-147		-180		-391		-102		-413		15		-301		-35
Impairment on financial assets (net)		-6		-10		-3		-47		12		-21		-6		0
Provisions (net) and other gains/losses		21		70		-48		1		-21		-32		299		44
Income before tax		-132		-121		-443		-147		-422		-37		-8		9
Income tax		28		171		240		64		144		77		121		76
Net income from ongoing operations		-105		50		-203		-83		-278		40		113		86
Net income from discontinued operations		2		1		2		1		1		2		2		10
Net income		-103		52		-201		-83		-277		41		115		96
Non-controlling interests		0		2		0		1		0		1		0		0
Net attributable profit		-104		54		-201		-82		-276		42		115		96

Corporate & Investment Banking

Income statement

(Million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		383		392		426		436		407		406		426		412
Net fees and commissions		161		181		156		154		187		167		178		185
Net trading income		224		23		-44		-12		110		18		34		87
Other income/expenses		3		43		24		12		-2		55		0		-9
Gross income		771		639		562		589		702		646		637		674
Operating costs		-206		-208		-214		-216		-215		-224		-223		-230
Administration costs		-205		-207		-212		-214		-211		-220		-218		-224
Personnel expenses		-119		-118		-127		-119		-122		-129		-121		-130
General and administrative expenses		-86		-89		-85		-96		-88		-91		-97		-94
Depreciation and amortization		-2		-2		-2		-2		-4		-4		-5		-6
Operating income		565		430		348		373		487		422		414		444
Impairment on financial assets (net)		-25		32		-74		18		-60		5		-35		-76
Provisions (net) and other gains/losses		-7		0		0		-5		-4		-13		1		2
Income before tax		533		462		274		385		423		414		380		371
Income tax		-145		-138		-78		-99		-132		-123		-108		-96
Net income		388		325		196		286		291		291		271		274
Non-controlling interests		-26		-19		-17		-22		-28		-32		-31		-38
Net attributable profit		362		306		180		265		263		259		240		236

Income statement

(Constant million euros)


	2011								2012
	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Net interest income		390		404		435		445		409		406		422		413
Net fees and commissions		163		187		157		156		188		166		177		186
Net trading income		228		27		-40		-10		111		17		33		88
Other income/expenses		3		42		22		11		-2		55		0		-9
Gross income		783		660		574		601		706		644		631		678
Operating costs		-210		-215		-216		-218		-216		-222		-222		-232
Administration costs		-209		-213		-214		-216		-212		-218		-217		-225
Personnel expenses		-121		-122		-127		-119		-123		-128		-121		-131
General and administrative expenses		-88		-92		-87		-97		-89		-90		-96		-94
Depreciation and amortization		-2		-2		-2		-2		-4		-4		-5		-6
Operating income		573		445		358		383		490		422		409		446
Impairment on financial assets (net)		-25		32		-75		18		-60		6		-36		-76
Provisions (net) and other gains/losses		-8		0		0		-5		-4		-13		1		2
Income before tax		540		477		284		396		426		415		374		372
Income tax		-147		-142		-81		-103		-133		-123		-107		-97
Net income		393		335		203		294		293		291		268		276
Non-controlling interests		-28		-21		-19		-23		-28		-32		-30		-38
Net attributable profit		365		314		184		271		265		259		237		237

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	Banco Bilbao Vizcaya Argentaria, S.A.

Date: April 22, 2013	By:	/s/ Eduardo Ávila Zaragoza
	Name: Eduardo Ávila Zaragoza
	Title: Chief Accounting Officer