<SEC-DOCUMENT>0001193125-16-796398.txt : 20161219
<SEC-HEADER>0001193125-16-796398.hdr.sgml : 20161219
<ACCEPTANCE-DATETIME>20161219062936
ACCESSION NUMBER:		0001193125-16-796398
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161219
FILED AS OF DATE:		20161219
DATE AS OF CHANGE:		20161219

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
		CENTRAL INDEX KEY:			0000842180
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10110
		FILM NUMBER:		162057757

	BUSINESS ADDRESS:	
		STREET 1:		PASEO DE LA CASTELLANA, 81
		CITY:			MADRID
		STATE:			U3
		ZIP:			28046
		BUSINESS PHONE:		011 34 91 537 8172

	MAIL ADDRESS:	
		STREET 1:		PASEO DE LA CASTELLANA, 81
		CITY:			MADRID
		STATE:			U3
		ZIP:			28046

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO BILBAO VIZCAYA ARGENTARIA S A
		DATE OF NAME CHANGE:	20000505

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO BILBAO VIZCAYA S A
		DATE OF NAME CHANGE:	19991103
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d299794d6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML><HEAD>
<TITLE>6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES SECURITIES AND EXCHANGE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON,
D.C. 20549 </B></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">6-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>REPORT OF
FOREIGN ISSUER PURSUANT TO RULE <FONT STYLE="white-space:nowrap">13a-16</FONT> OR <FONT STYLE="white-space:nowrap">15d-16</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">For the month of December, 2016 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Commission file number: <FONT STYLE="white-space:nowrap">1-10110</FONT> </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>BANCO BILBAO VIZCAYA ARGENTARIA, S.A. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of Registrant as specified in its charter) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>BANK BILBAO VIZCAYA ARGENTARIA, S.A. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of Registrant&#146;s name into English) </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Calle Azul 4,
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>28050 Madrid </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Spain </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:7.5pt; font-family:Times New Roman" ALIGN="center"><B>(Address of
principal executive offices) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center">Indicate by check mark whether the registrant files or will file annual reports under cover of Form
<FONT STYLE="white-space:nowrap">20-F</FONT> or Form <FONT STYLE="white-space:nowrap">40-F:</FONT> </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Form <FONT STYLE="white-space:nowrap">20-F</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">X</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Form <FONT STYLE="white-space:nowrap">40-F</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center">Indicate by check mark if the registrant is submitting the Form <FONT STYLE="white-space:nowrap">6-K</FONT> in
paper as permitted by Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(1): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Yes</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">No</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">X</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8.5pt; font-family:Times New Roman" ALIGN="center">Indicate by check mark if the registrant is submitting the Form <FONT STYLE="white-space:nowrap">6-K</FONT> in
paper as permitted by Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(7): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="31%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;Yes</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">No</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">X</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="font-size:32pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally issued in
Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<P STYLE="font-size:115pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g299794g1216042919399.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:64pt; margin-bottom:0pt; text-indent:10%; font-size:38pt; font-family:ARIAL"><FONT COLOR="#54bced">Condensed Interim </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:38pt; font-family:ARIAL"><FONT COLOR="#54bced">Consolidated Financial </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:38pt; font-family:ARIAL"><FONT COLOR="#54bced">Statements </FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:38pt; font-family:ARIAL"><FONT
 COLOR="#54bced">Corresponding to the </FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:38pt; font-family:ARIAL"><FONT COLOR="#54bced">Nine Months </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:38pt; font-family:ARIAL"><FONT COLOR="#54bced">ended September&nbsp;30, </FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:10%; font-size:38pt; font-family:ARIAL"><FONT COLOR="#54bced">2016 </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally issued in
Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5">CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS </FONT></P>
<P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="97%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_1">Condensed Interim Consolidated balance sheet</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_2">Condensed Interim Consolidated income statement</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_3">Condensed Interim Consolidated statements of recognized income and
expenses</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_4">Condensed Interim Consolidated statements of changes in equity</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_5">Condensed Interim Consolidated statements of cash flows</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5">NOTES TO THE ACCOMPANYING CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS </FONT></P>
<P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="91%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_6">&nbsp;1.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_7">&nbsp;Introduction, basis for the presentation of the condensed interim consolidated financial statements and other information.</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_8">2.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_9">Principles of consolidation, accounting policies and measurement bases applied and recent IFRS pronouncements</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_10">3.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_11">BBVA Group</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_12">4.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_13">Shareholder remuneration system</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_14">5.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_15">Operating segment reporting</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_16">6.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_17">Risk management</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_18">7.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_19">Fair Value</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_20">8.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_21">Balance sheet</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_22">9.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_23">Income statement</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><A HREF="#tx299794_24">10.</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#tx299794_25">Subsequent events</A></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g299794g1216041752073.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5"><A NAME="tx299794_1"></A>Condensed Interim Consolidated balance sheets as of September&nbsp;30,
2016 and December&nbsp;31, 2015. </FONT></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="75%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Millions of Euros</B></FONT></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;ASSETS</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;
2016&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;(*)&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;CASH, CASH BALANCES AT CENTRAL BANKS AND OTHER DEMAND DEPOSITS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">31,174&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">29,282&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FINANCIAL ASSETS HELD FOR TRADING</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">75,569&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">78,326&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FINANCIAL ASSETS DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,104&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,311&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;AVAILABLE-FOR-SALE</FONT></FONT>
FINANCIAL ASSETS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">86,673&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">113,426&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;LOANS AND RECEIVABLES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">457,338&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">471,828&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;HELD-TO-MATURITY</FONT></FONT>
INVESTMENTS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">19,094&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;HEDGING DERIVATIVES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,604&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,538&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE
RISK</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">50&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">45&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;INVESTMENTS IN SUBSIDARIES, JOINT VENTURES AND ASSOCIATES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">751&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">879&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;INSURANCE OR REINSURANCE ASSETS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">474&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">511&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;TANGIBLE ASSETS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">9,470&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">9,944&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;INTANGIBLE ASSETS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">9,503&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">10,275&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;TAX ASSETS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">17,318&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">17,779&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;OTHER ASSETS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">8,379&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,566&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;NON-CURRENT</FONT> ASSETS AND DISPOSAL GROUPS
HELD FOR SALE</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,126&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,369&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;TOTAL ASSETS</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>724,627&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>750,078&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Millions of Euros</B></FONT></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;LIABILITIES AND EQUITY</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">December<BR>2015&nbsp;&nbsp;(*)</FONT></B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FINANCIAL LIABILITIES HELD FOR TRADING</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">55,226&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">55,203&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FINANCIAL LIABILITIES DESIGNATED AT FAIR VALUE THROUGH PROFIT OR
LOSS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,436&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,649&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FINANCIAL LIABILITIES AT AMORTIZED COST</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">581,593&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">606,113&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;HEDGING DERIVATIVES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,237&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,726&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FAIR VALUE CHANGES OF THE HEDGED ITEMS IN PORTFOLIO HEDGES OF INTEREST RATE
RISK</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">358&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;LIABILITIES UNDER INSURANCE CONTRACTS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">9,274&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">9,407&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;PROVISIONS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">8,627&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,852&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;TAX LIABILITIES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,593&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,721&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;OTHER LIABILITIES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,749&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,610&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;LIABILITIES INCLUDED IN DISPOSAL GROUPS CLASSIFIED AS HELD FOR
SALE</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;TOTAL LIABILITIES</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>668,736&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>694,638&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;STOCKHOLDERS&#146; FUNDS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">52,248&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">50,639&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Capital</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,175&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,120&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Share premium</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">23,992&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">23,992&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Equity instruments issued other than capital</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other equity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">34&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">35&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Retained earnings</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">23,809&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">22,588&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Revaluation reserves</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">21&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">22&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other reserves</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(150)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(98)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Less: Treasury shares</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(64)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(309)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Profit or loss attributable to owners of the parent</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,797&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,642&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Less: Interim dividends</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(1,367)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,352)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;ACCUMULATED OTHER COMPREHENSIVE INCOME</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(4,681)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(3,349)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;MINORITY INTERESTS <FONT STYLE="white-space:nowrap">(NON-CONTROLLING</FONT>
INTEREST)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">8,324&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,149&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;TOTAL
EQUITY</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>55,891&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>55,439&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;TOTAL EQUITY AND TOTAL LIABILITIES</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>724,627&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>750,078&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Millions of Euros</B></FONT></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;MEMORANDUM</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">December<BR>2015&nbsp;&nbsp;(*)</FONT></B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Financial guarantees given</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">49,969&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">49,876&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Contingent commitments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">125,072&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">135,733&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Presented solely and exclusively for comparison purposes (see Note 1) </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 10 are an integral part of the condensed interim consolidated balance sheet as of September&nbsp;30, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g299794g1216041752073.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5"><A NAME="tx299794_2"></A>Condensed Interim Consolidated income statements for the nine months
ended September&nbsp;30, 2016 and 2015 </FONT></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="74%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><FONT COLOR="#074fa5"><B>Millions of Euros</B></FONT></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;
&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;2015&nbsp;&nbsp;(*)&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;INTEREST INCOME</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">20,636&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">17,724&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;INTEREST EXPENSES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(7,961)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(6,124)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;NET INTEREST INCOME</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>12,674&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>11,600&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;DIVIDEND INCOME</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">336&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">288&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;SHARE OF PROFIT OR LOSS OF ENTITIES ACCOUNTED FOR USING &nbsp;THE EQUITY METHOD</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">18&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">192&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FEE AND COMMISSION INCOME</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">5,046&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,572&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;FEE AND COMMISSION EXPENSES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(1,489)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,225)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;GAINS OR (-) LOSSES ON DERECOGNITION OF FINANCIAL ASSETS &nbsp;AND LIABILITIES NOT MEASURED AT FAIR VALUE THROUGH PROFIT &nbsp;OR LOSS, NET</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">992&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">818&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;GAINS OR (-) LOSSES ON FINANCIAL ASSETS AND LIABILITIES HELD &nbsp;FOR TRADING, NET</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">180&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(434)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;GAINS OR (-) LOSSES ON FINANCIAL ASSETS AND LIABILITIES &nbsp;DESIGNATED AT FAIR VALUE THROUGH PROFIT OR LOSS, NET</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">50&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">190&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;GAINS OR (-) LOSSES FROM HEDGE ACCOUNTING, NET</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(56)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">155&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;EXCHANGE DIFFERENCES (NET)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">587&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">850&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;OTHER OPERATING INCOME</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">972&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">887&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;OTHER OPERATING EXPENSES</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(1,644)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,436)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;INCOME ON INSURANCE AND REINSURANCE CONTRACTS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,741&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,633&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;EXPENSES ON INSURANCE AND REINSURANCE CONTRACTS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(1,977)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,880)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;GROSS INCOME</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>18,431&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>17,211&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;ADMINISTRATION COSTS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(8,488)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(7,880)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;DEPRECIATION</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(1,061)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(932)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;PROVISIONS OR (-) REVERSAL OF PROVISIONS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(463)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(574)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;IMPAIRMENT OR (-) REVERSAL OF IMPAIRMENT ON FINANCIAL &nbsp;ASSETS NOT MEASURED AT FAIR VALUE THROUGH PROFIT OR &nbsp;LOSS</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(3,114)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(3,214)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;NET OPERATING INCOME</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>5,305&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>4,610&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;IMPAIRMENT OR (-) REVERSAL OF IMPAIRMENT OF INVESTMENTS IN &nbsp;SUBSIDARIES, JOINT VENTURES AND &nbsp;ASSOCIATES</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;IMPAIRMENT OR (-) REVERSAL OF IMPAIRMENT ON <FONT STYLE="white-space:nowrap">NON-FINANCIAL</FONT> &nbsp;ASSETS</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(172)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(206)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;GAINS (LOSSES) ON DERECOGNIZED OF NON FINANCIAL ASSETS &nbsp;AND SUBSIDIARIES, NET</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">54&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,146)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;NEGATIVE GOODWILL RECOGNISED IN PROFIT OR LOSS</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">22&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;PROFIT OR (-) LOSS FROM <FONT STYLE="white-space:nowrap">NON-CURRENT</FONT> ASSETS AND DISPOSAL &nbsp;GROUPS CLASSIFIED AS HELD FOR SALE NOT QUALIFYING AS &nbsp;DISCONTINUED OPERATIONS</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(80)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">775&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;OPERATING PROFIT BEFORE TAX</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>5,107&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>3,055&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"><FONT COLOR="#074fa5">&nbsp;TAX EXPENSE OR (-) INCOME RELATED TO PROFIT OR LOSS FROM &nbsp;CONTINUING OPERATION</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(1,385)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(941)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;PROFIT FROM CONTINUING OPERATIONS</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>3,722&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>2,113&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;PROFIT FROM DISCONTINUED OPERATIONS (NET)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;PROFIT</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>3,722&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>2,113&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Attributable to minority interest
<FONT STYLE="white-space:nowrap">[non-controlling</FONT> interests]</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">925&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">411&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Attributable to owners of the parent</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,797&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,702&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="27"></TD>
<TD HEIGHT="27" COLSPAN="2"></TD>
<TD HEIGHT="27" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><FONT COLOR="#074fa5"><B>Euros</B></FONT></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September<BR>2015&nbsp;&nbsp;(*)</FONT></B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;EARNINGS PER SHARE</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>0.41&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>0.24&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Basic earnings per share from continued operations</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">0.41&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">0.24&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Diluted earnings per share from continued operations</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">0.41&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">0.24&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Basic earnings per share from discontinued operations</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Diluted earnings per share from discontinued operations</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Presented solely and exclusively for comparison purposes (see Note 1) </P></TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 10 are an integral part of the consolidated income statement corresponding to the nine months ended September&nbsp;30, 2016.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g299794g1216041752073.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5"><A NAME="tx299794_3"></A>Condensed Interim Consolidated statements of recognized income and
expenses for the nine months ended September&nbsp;30, 2016 and 2015 </FONT></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="80%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center"><FONT COLOR="#074fa5"><B>Millions of Euros</B></FONT></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;&nbsp;&nbsp;2015 (*)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;PROFIT RECOGNIZED IN INCOME STATEMENT</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3,722&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,113&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;OTHER RECOGNIZED INCOME (EXPENSES)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,659)&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(4,900)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;ITEMS NOT SUBJECT TO RECLASSIFICATION TO INCOME STATEMENT</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(70)&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>33&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Actuarial gains and losses from defined benefit pension plans</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(108)&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">35&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-current</FONT> assets available for
sale</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Entities under the equity method of accounting</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Income tax related to items not subject to reclassification to income
&nbsp;statement</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">38&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(10)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;ITEMS SUBJECT TO RECLASSIFICATION TO INCOME STATEMENT</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,589)&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(4,933)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Hedge of net investments in foreign operations [effective
portion]</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>117&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>172&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">117&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">172&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Foreign currency translation</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(2,043)&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(3,528)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,043)&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(3,797)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">269&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Cash flow hedges [effective portion]</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>213&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(24)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">243&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(8)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(30)&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transferred to initial carrying amount of hedged items</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(14)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;
Available-for-sale</FONT></FONT> financial assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>387&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(3,230)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,157&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,010)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(770)&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,320)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">100&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B><FONT STYLE="white-space:nowrap">&nbsp;Non-current</FONT> assets held for
sale</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Valuation gains or (-) losses taken to equity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transferred to profit or loss</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other reclassifications</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Entities accounted for using the equity method</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(82)&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>782&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Income tax</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(181)&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>895&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;TOTAL RECOGNIZED INCOME/EXPENSES</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,063&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(2,787)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Attributable to minority interest
<FONT STYLE="white-space:nowrap">[non-controlling</FONT> interests]</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">598&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,278)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Attributable to the parent company</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,465&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,509)&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Presented solely and exclusively for comparison purposes (see Note 1). </P></TD></TR></TABLE>
<P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 10 are an integral part of the condensed interim consolidated statement of recognized income and expenses for the nine
months ended September&nbsp;30, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="justify">


<IMG SRC="g299794g1216041752073.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5"><A NAME="tx299794_4"></A>Condensed Interim Consolidated statements of changes in equity for the
nine months ended September&nbsp;30, 2016 </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:3pt" ALIGN="center">


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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="50" ALIGN="center"><FONT STYLE="font-size:3pt" COLOR="#074fa5"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interest&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>September 2016</B></FONT></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Capital&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Share&nbsp;<BR>Premium&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Equity&nbsp;<BR>instruments&nbsp;<BR>issued&nbsp;other&nbsp;<BR>than&nbsp;capital&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Other&nbsp;<BR>Equity&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Retained&nbsp;<BR>earnings&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Revaluation&nbsp;<BR>reserves&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Other&nbsp;<BR>reserves&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>(-)&nbsp;Treasury&nbsp;<BR>shares&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Profit&nbsp;or&nbsp;loss&nbsp;<BR>attributable&nbsp;<BR>to&nbsp;owners&nbsp;of&nbsp;the&nbsp;<BR>parent</B></FONT></TD>

<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Interim&nbsp;<BR>dividends&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Accumulated&nbsp;<BR>other&nbsp;<BR>comprehensive&nbsp;<BR>income&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Valuation&nbsp;<BR>adjustments&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Rest&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Total&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>


<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Balances as of January&nbsp;1, 2016</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>3,120</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>35</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>22,588</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>22</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(98)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(309)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>2,642</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,352)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(3,349)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,346)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>9,495</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>55,439</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total income/expense recognized</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,797</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,332)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(326)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>925</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,063</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Other changes in equity</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>56</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>1,222</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(2)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(51)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>245</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(2,642)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(15)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(423)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,612)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issuances of common shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">56</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(56)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issuances of preferred shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issuance of other equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Period or maturity of other issued equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Conversion of debt on equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Common Stock reduction</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Dividend distribution</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">32</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(32)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,220)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(234)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,455)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Purchase of treasury shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,393)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,393)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Sale or cancellation of treasury shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(36)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,638</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,602</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Reclassification of financial liabilities to other equity
instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Reclassification of other equity instruments to financial
liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transfers between total equity entries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,309</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(18)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,642)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,352</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Increase/Reduction of equity due to business combinations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Share based payments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(25)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(22)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other increases or (-) decreases in equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(31)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(147)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(189)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(344)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Balances as of September&nbsp;30, 2016</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>3,175</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>34</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>23,809</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>21</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(150)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(64)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>2,797</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,367)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(4,681)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,672)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>9,996</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>55,891</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 10 are an integral part
of the condensed interim consolidated statement of changes in equity for the nine months ended September&nbsp;30, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">6 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5">Condensed Interim Consolidated statements of changes in equity for the nine
months ended September&nbsp;30, 2015 </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:3pt" ALIGN="center">


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<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="54" ALIGN="center"><FONT COLOR="#074fa5"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="middle" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interest </B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>Total&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#009ee5" STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;September 2015 (*)</FONT></B></FONT></P>
<P STYLE="font-size:8pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Capital&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Share&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Premium&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Equity&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">instruments&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">issued&nbsp;other&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">than capital&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Other&nbsp;Equity&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Retained&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">earnings&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Revaluation&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">reserves&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Other&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">reserves&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">(-)&nbsp;Treasury&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">shares&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Profit&nbsp;or&nbsp;loss&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">attributable&nbsp;to&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">owners&nbsp;of&nbsp;the&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">parent&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Interim&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">dividends&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Accumulated&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">other&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">comprehensive&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">income&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Otro&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">resultado&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">global&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">acumulado&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Otros&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">ele</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:3pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">mentos&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Balances as of January&nbsp;1, 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3,024</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>66</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>20,281</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>23</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>633</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(350)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,618</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(841)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(348)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(53)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,564</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>51,609</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total income/expense recognized</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>1,702</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(3,210)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,689)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>411</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(2,786)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Other changes in equity</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>66</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(36)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,359</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(744)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>56</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(2,618)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(400)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>6,096</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>4,778</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issuances of common shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">66</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(66)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issuances of preferred shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issuance of other equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Period or maturity of other issued equity instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Conversion of debt on equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
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<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Common Stock reduction</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Dividend distribution</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">83</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(83)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,163)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(149)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,312)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Purchase of treasury shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,682)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,682)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Sale or cancellation of treasury shares</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,738</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,741</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Reclassification of financial liabilities to other equity
instruments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Reclassification of other equity instruments to financial
liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transfers between total equity entries</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,439</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(661)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,618)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">841</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Increase/Reduction of equity due to business combinations</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Share based payments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(48)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(36)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other increases or (-) decreases in equity</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(112)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(78)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">6,245</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">6,067</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:3pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:3pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Balances as of September&nbsp;30, 2015</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3,090</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>23,992</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>30</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>22,640</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>22</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(111)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(294)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>1,702</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,241)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(3,558)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,742)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>9,071</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>53,601</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:8%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*)Presented solely and exclusively for comparison purposes (see Note 1). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">7 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">&nbsp;


<IMG SRC="g299794g1216041752073.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5"><A NAME="tx299794_5"></A>Condensed Interim Consolidated statements of cash flows for the nine
months ended September&nbsp;30, 2016 and 2015 </FONT></P> <P STYLE="font-size:32pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7.5pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#000082"><B>Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;<BR>2015&nbsp;(*)&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;CASH FLOW FROM OPERATING ACTIVITIES <SUB
STYLE="font-size:85%; vertical-align:bottom">(1)</SUB></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,198)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>12,173</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Profit for the year</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3,722</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,113</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Adjustments to obtain the cash flow from operating
activities:</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>4,269</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>14,582</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Depreciation and amortization</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,061</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">932</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other adjustments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,208</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">13,650</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Net increase/decrease in operating assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(7,804)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(3,581)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,317</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(130)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other financial assets/liabilities designated at fair value through profit or
loss</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(110)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;
Available-for-sale</FONT></FONT> financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,486</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,452)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Loans and receivables / Financial liabilities at amortized cost</FONT></P></TD>

<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(19,642)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(79)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other operating assets/liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,034</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(810)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Collection/Payments for income tax</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,385)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(941)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;CASH FLOWS FROM INVESTING ACTIVITIES <SUB
STYLE="font-size:85%; vertical-align:bottom">(2)</SUB></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(2,079)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(3,223)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Tangible assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(669)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(788)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Intangible assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(389)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(404)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Investments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">317</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">797</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Subsidiaries and other business units</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(77)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(3,159)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-current</FONT> assets held for sale and
associated liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">486</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">248</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Held-to-maturity</FONT></FONT>
investments</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,747)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other settlements/collections related to investing activities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">83</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;CASH FLOWS FROM FINANCING ACTIVITIES<SUB
STYLE="font-size:85%; vertical-align:bottom"> (3)</SUB></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(468)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>997</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Dividends</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,431)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(286)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Subordinated liabilities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,364</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Common stock amortization/increase</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Treasury stock acquisition/disposal</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">193</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">57</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other items relating to financing activities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(230)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(138)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;EFFECT OF EXCHANGE RATE CHANGES <SUB
STYLE="font-size:85%; vertical-align:bottom">(4)</SUB></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#074fa5"><B>(2,336)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#074fa5"><B>(5,255)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;NET INCREASE/DECREASE IN CASH OR
CASH EQUIVALENTS </B></FONT><FONT STYLE="font-size:6pt" COLOR="#074fa5">(1+2+3+4)</FONT><FONT COLOR="#074fa5"><B></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#074fa5"><B>(6,081)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#074fa5"><B>4,692</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;CASH OR CASH EQUIVALENTS AT
BEGINNING OF THE YEAR</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#074fa5"><B>43,466</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff" ALIGN="right"><FONT COLOR="#074fa5"><B>31,430</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;CASH OR CASH EQUIVALENTS AT END OF THE PERIOD</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>37,386</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>36,122</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"><FONT COLOR="#074fa5"><B>Millions of Euros&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="bottom" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;COMPONENTS OF CASH AND EQUIVALENT AT END OF THE YEAR</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;<BR>2015&nbsp;(*)&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Cash</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,904</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,781</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Balance of cash equivalent in central banks</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">31,482</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">30,341</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Less: Bank overdraft refundable on demand</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>TOTAL CASH OR CASH EQUIVALENTS AT END OF THE PERIOD</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>37,386</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>36,122</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:4%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*)Presented solely and exclusively for comparison purposes (see Note 1). </P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying Notes 1 to 10 are an integral part of the condensed interim consolidated statement of cash flows for the nine months ended
September&nbsp;30, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">8 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify">.


<IMG SRC="g299794g1216041752073.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#074fa5">Notes to the condensed interim consolidated financial statements as of and for the period ended
September&nbsp;30, 2016 </FONT></P> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_7"></A>Introduction, basis for the presentation of the condensed interim
consolidated financial statements and other information. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Introduction </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Banco Bilbao Vizcaya Argentaria, S.A. (hereinafter &#147;the Bank&#148; or &#147;BBVA&#148;) is a <FONT STYLE="white-space:nowrap">private-law</FONT>
entity subject to the laws and regulations governing banking entities operating in Spain. It carries out its activity through branches and agencies across the country and abroad. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Bylaws and other public information are available for inspection at the Bank&#146;s registered address (Plaza San Nicol&aacute;s, 4 Bilbao) as on
its web site (www.bbva.com). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In addition to the transactions it carries out directly, the Bank heads a group of subsidiaries, joint venture and
associated entities which perform a wide range of activities and which together with the Bank constitute the Banco Bilbao Vizcaya Argentaria Group (hereinafter, &#147;the Group&#148; or &#147;the BBVA Group&#148;). In addition to its own separate
financial statements, the Bank is therefore required to prepare the Group&#146;s consolidated financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The consolidated financial
statements of the BBVA Group for the year ended December&nbsp;31, 2015 were approved by the shareholders at the Annual General Meeting (&#147;AGM&#148;) on March&nbsp;11, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Basis for the presentation of the condensed interim consolidated financial statements </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group&#146;s unaudited condensed interim consolidated financial statements (hereinafter, the &#147;consolidated financial statements&#148;) are
presented in accordance with the International Accounting Standard 34 (&#147;IAS 34&#148;), on interim financial information for the preparation of financial statements for an interim period and have been presented to the Board of Directors at its
meeting held on October&nbsp;26,2016. According to IAS 34, the interim financial information is prepared solely with the purpose of updating the last prepared consolidated financial statements and interim consolidated financial statements, focusing
on new activities, events and circumstances that occurred during the period without duplicating the information previously published in the last consolidated financial statements and interim consolidated financial statements. Therefore, the
accompanying consolidated financial statements do not include all information required by a complete consolidated financial statements prepared in accordance with International Financial Reporting Standards, consequently for an appropriate
understanding of the information included in them, they should be read together with the consolidated financial statements of the Group for the year ended December&nbsp;31, 2015 and interim consolidated financial statements of the Group for the
first semester 2016. The consolidated financial statements of the Group for the year ended December&nbsp;31, 2015 and the interim consolidated financial statements of the Group for the first semester 2016, were presented in accordance with the
International Financial Reporting Standards endorsed by the European Union (hereinafter, <FONT STYLE="white-space:nowrap">&#147;EU-IFRS&#148;)</FONT> applicable as of December&nbsp;31 2015 and June&nbsp;30, 2016 respectively, considering the Bank of
Spain Circular 4/2004, of 22&nbsp;December (and as amended thereafter), and with any other legislation governing financial reporting applicable to the Group. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accompanying consolidated financial statements were prepared applying the same principles of consolidation, accounting policies and valuation
criteria, which as described in Note 2, are the same as those applied in the consolidated financial statements of the Group for the year ended December&nbsp;31, 2015 and in the interim consolidated financial statements for the six months ended
June&nbsp;30, 2016, taking into account the standards and interpretations issued during the third quarter of 2016, so that they presented fairly the Group&#146;s consolidated equity and financial position of the Group as of September&nbsp;30, 2016,
together with the consolidated results of its operations and the consolidated cash flows generated in the Group during the nine months ended September&nbsp;30, 2016. These consolidated financial statements and explanatory notes were prepared on the
basis of the accounting records kept by the Bank and each of the other entities in the Group, they include the adjustments and reclassifications required to harmonize the accounting policies and valuation criteria used by the Group. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">9 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted&nbsp;by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">All effective accounting standards and valuation criteria with a significant effect in the consolidated
financial statements were applied in their preparation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amounts reflected in the accompanying consolidated financial statements are presented
in millions of euros, unless it is more appropriate to use smaller units. Some items that appear without a total in these consolidated financial statements do so because of the size of the units used. Also, in presenting amounts in millions of
euros, the accounting balances have been rounded up or down. It is therefore possible that the totals appearing in some tables are not the exact arithmetical sum of their component figures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">When determining the information to disclose about various items of the financial statements, the Group, in accordance with IAS 34, has taken into
account their materiality in relation to the interim consolidated financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Comparative information </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of September 2016, the consolidated financial statements of BBVA Group are prepared in accordance with the presentation models required by Circular
5/2015 of the Comisi&oacute;n Nacional del Mercado de Valores. The aim is to adapt the content of the public financial information from the credit institutions and formats of the financial statements established mandatory by the European Union
regulation for the credit institution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The information included in the accompanying interim consolidated financial statements and the explanatory
notes referring to December&nbsp;31, 2015 and September&nbsp;30, 2015 is presented exclusively for the purpose of comparison with the information for September&nbsp;30, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the first nine months ended September&nbsp;30, 2016, the BBVA Group operating segments have not been significant changes with regard to the existing
structure in 2015. The information related to operating segments as of December&nbsp;31, 2015 and September&nbsp;30, 2015 has been restated for comparability purposes, as required by IFRS 8 &#147;Operating segments&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Seasonal nature of income and expenses </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The nature of the most significant operations carried out by the BBVA Group&#146;s entities is mainly related to traditional activities carried out by
financial institutions, which are not significantly affected by seasonal factors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Responsibility for the information and for the estimates
made </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The information contained in the BBVA Group&#146;s consolidated financial statements is the responsibility of the Group&#146;s
Directors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Estimates have to be made at times when preparing these consolidated financial statements in order to calculate the recorded amount of
some assets, liabilities, income, expenses and commitments. These estimates (see Notes 6, 7, 8 and 9) relate mainly to the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Impairment on certain financial assets. </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The assumptions used to quantify certain provisions and for the actuarial calculation of post-employment benefit
liabilities and commitments. </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The useful life and impairment losses of tangible and intangible assets. </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The valuation of goodwill and price allocation of business combinations. </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The fair value of certain unlisted financial assets and liabilities. </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The recoverability of deferred tax assets. </P></TD></TR></TABLE>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The Exchange rate and the inflation rate of Venezuela. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Although these estimates were made on the basis of the best information available as of September&nbsp;30, 2016 on the events analyzed, future events
may make it necessary to modify them (either up or down) over the coming years. This would be done prospectively in accordance with applicable standards, recognizing the effects of changes in the estimates in the corresponding consolidated income
statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the nine months ended September&nbsp;30, 2016 there have been no significant changes to the assumptions made as of
December&nbsp;31, 2015, other than those indicated in these consolidated financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted&nbsp;by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Related-party transactions </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The information related to these transactions is presented in Note 53 of consolidated financial statements of the Group for the six months ended
June&nbsp;30, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As financial institutions, BBVA and other entities in the Group engage in transactions with related parties in the normal
course of their business. All of these transactions are of little relevance and are carried out under normal market conditions. </P> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_9"></A>Principles of consolidation, accounting policies and measurement bases
applied and recent IFRS pronouncements </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The accounting policies and methods applied for the preparation of the accompanying
consolidated financial statements are the same as those applied in the Interim Consolidated Financial Statements ended June&nbsp;30, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Recent IFRS pronouncements </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#074fa5">Changes introduced in 2016 </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
following modifications to the IFRS standards or their interpretations (hereinafter &#147;IFRIC&#148;) came into force after January&nbsp;1, 2016. They have not had a significant impact on the BBVA Group&#146;s consolidated financial statements
corresponding to the period ended September&nbsp;30, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Amended IFRS 11 &#150; &#147;Joint Arrangements&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments made to IFRS 11 require the acquirer of an interest in a joint operation in which the activity constitutes a business to apply all of the
principles on business combinations accounting in IFRS 3 and other IFRSs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Amended IAS 16 &#150; &#147;Property, Plant and Equipment&#148; and
Amended IAS 38 &#150; &#147;Intangible Assets&#148; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments made to IAS 16 and IAS 38 exclude, as general rule, as depreciation
method to be used, those methods based on revenue that is generated by an activity that includes the use of an asset, because the revenue generated by an activity that includes the use of an asset generally reflects factors other than the
consumption of the economic benefits of the asset. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Amended IAS 27 &#150; &#147;Separate financial statements&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Changes to IAS 27 allow entities to use the equity method to account for investment in subsidiaries, joint ventures and associates, in their separate
financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Annual improvements cycle to IFRSs 2012-2014 </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The annual improvements cycle to IFRSs 2012-2014 includes minor changes and clarifications to IFRS 5 &#150; Non current assets held for sale and
discontinued operations, IFRS 7 &#150; Financial instruments: Information to disclose, IAS 19 &#150; Employee benefits and IAS 34 &#150; interim financial information. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Amended IAS 1 &#150; Presentation of Financial Statements </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments made to IAS 1 further encourage companies to apply professional judgment in determining what information to disclose in their financial
statements, in determining when line items are disaggregated and additional headings and subtotals included in the statement of financial position and the statement of profit or loss and other comprehensive income, and in determining where and in
what order information is presented in the financial disclosures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Amended IFRS 10 &#150; &#147;Consolidated Financial Statements&#148;,
Amended IFRS 12 &#150; &#147;Disclosure of interests in other entities&#148; and Amended IAS 28 &#150; &#147;Investments in Associates and Joint Ventures&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments to IFRS 10, IFRS 12 and IAS 28 introduce clarifications to the requirements when accounting for investment entities in three aspects:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The amendments confirm that a parent entity that is a subsidiary of an investment entity has the possibility to apply
the exemption from preparing consolidated financial statements </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">11 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted&nbsp;by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The amendments clarify that if an investment entity has a subsidiary whose main purpose is to support the investment
entity&#146;s investment activities by providing investment-related services or activities, to the entity or other parties, and that is not itself an investment entity, it shall consolidate that subsidiary; but if that subsidiary is itself an
investment entity, the investment entity parent shall measure the subsidiary at fair value through profit or loss. </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The amendments require a <FONT STYLE="white-space:nowrap">non-investment</FONT> entity investor to retain, when applying
the equity method, the fair value measurement applied by an investment entity associate or joint venture to its interests in subsidiaries. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
 COLOR="#074fa5">Standards and interpretations issued but not yet effective as of September&nbsp;30, 2016 </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">New International Financial
Reporting Standards together with their interpretations had been published at the date of preparation of the accompanying consolidated financial statements, but are not obligatory as of September&nbsp;30, 2016. Although in some cases the IASB
permits early adoption before they come into force, the BBVA Group has not done so as of this date, as it is still analyzing the effects that will result from them. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">IFRS 9 &#150; &#147;Financial instruments&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The IASB has established January&nbsp;1, 2018, as the mandatory application date, with the possibility of early adoption. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Amended IFRS 7 &#150; &#147;Financial instruments: Disclosures&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The IASB modified IFRS 7 in December 2011 to include new disclosures on financial instruments that entities will have to provide as soon as they apply
IFRS 9 for the first time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Amended IFRS 4 &#150; &#147;Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts&#148;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amendments introduce two approaches to address concerns that the financial statements of issuers of insurance contracts may be difficult
to understand if IFRS 9 is applied before the forthcoming insurance contracts Standard: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Overlay approach: gives all companies that issue insurance contracts within the scope of IFRS 4, the option to
reclassify, from profit or loss to other comprehensive income, an amount equal to the difference between the amount reported in profit or loss for qualifying financial assets applying IFRS 9 and the amount that would have been reported in profit or
loss for those financial assets applying IAS 39. Qualifying financial assets are contracts within the scope of IFRS 4 that are measured at fair value through profit or loss applying IFRS 9 that would not have been measured at fair value through
profit or loss applying IAS 39. Entities can choose to apply the overlay approach only when they first apply IFRS 9. </P></TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Deferral approach: gives companies whose activities are predominantly connected with issuing contracts within the scope
of IFRS 4 an optional temporary exemption from applying IFRS 9 until the earliest of the application of the forthcoming insurance contracts Standard, or 1&nbsp;January 2021. Entities are required to assess whether their activities are predominantly
connected with insurance at the end of their annual reporting period immediately before 1&nbsp;April 2016 and will apply the temporary exemption for annual periods beginning on or after 1&nbsp;January 2018. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">IFRS 15 &#150; &#147;Revenue from contracts with customers&#148; and &#147;clarifications to IFRS 15&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">This Standard will be applied to the accounting years starting on or after January&nbsp;1, 2018, although early adoption is permitted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Amended IFRS 10 &#150; &#147;Consolidated financial statements&#148; and IAS 28 amended </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These changes will be applicable to accounting periods beginning on the effective date, still to be determined, although early adoption is allowed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">IAS 12 &#150; &#147;Income Taxes. Recognition of Deferred Tax Assets for Unrealized Losses&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These modifications will be applied to the accounting periods beginning on or after January&nbsp;1, 2017, although early application is permitted. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">12 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted&nbsp;by&nbsp;the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">IFRS 16 &#150; &#147;Leases&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The standard will be applied to the accounting years starting on or after January&nbsp;1, 2019, although early application is permitted if IFRS 15 is
also applied. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">IAS 7 &#150; &#147;Statement of Cash Flows. Disclosure Initiative&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These modifications will be applied to the accounting periods beginning on or after January&nbsp;1, 2017, although early application is permitted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">IFRS 2 &#150; &#147;Classification and Measurement of Share-based Payment Transactions&#148; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These modifications will be applied to the accounting periods beginning on or after January&nbsp;1, 2018, although early application is permitted. </P>
<P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_11"></A>BBVA Group </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group is an international diversified financial group with a significant presence in retail banking, wholesale banking, asset management and
private banking. The Group also operates in other sectors such as insurance, real estate, operational leasing, etc. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Appendices I and II of the
Interim Consolidated Financial Statements for the first semester 2016, show relevant information as of June&nbsp;30, 2016 related to the main subsidiaries and structured entities and joint ventures and associates accounted for using the equity
method. Appendix III of the Interim Consolidated Financial Statements for the first semester 2016, show the main changes and notification of investments and divestments in the BBVA Group for the year ended June&nbsp;30, 2016. Appendix IV of the
Interim Consolidated Financial Statements for the first semester 2016, show fully consolidated subsidiaries with more than 10% owned by <FONT STYLE="white-space:nowrap">non-Group</FONT> shareholders as of June&nbsp;30, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The BBVA Group&#146;s activities are mainly located in Spain, Mexico, South America, the United States and Turkey, with an active presence in other
areas of Europe and Asia (see Note 5). There have been no significant variations in the Group during the third quarter of 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#074fa5">Ongoing
operations </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#0070c1">Mergers </FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
BBVA Group, at its Board of Directors meeting held on March&nbsp;31, 2016, adopted a resolution to begin a merger process of BBVA S.A. (absorbing company), Catalunya Banc, S.A., Banco Depositario BBVA, S.A. y Unoe Bank, S.A. This transaction is part
of the corporate reorganization of its banking subsidiaries in Spain. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On September&nbsp;9, 2016, after obtaining the authorization from the
pertinent authorities, the deed of merger by absorption of Catalunya Banc,&nbsp;S.A. into BBVA was registered at the Bizkaia Commercial Registry. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">These transactions have no impact in the consolidated financial statements both from the accounting and the solvency stand points. </P>
<P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_13"></A>Shareholder remuneration system </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On March&nbsp;31, 2016, the Board of Directors approved the execution of the first of the share capital increases charged to voluntary reserves, as
agreed by the AGM held on March&nbsp;11, 2016 to implement the Dividend Option. As a result of this increase, the Bank&#146;s share capital increased by <FONT STYLE="font-family:Times New Roman">&#128;</FONT>55,702,125.43 (113,677,807 shares at a <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each). 82.13% of the right owners have opted to receive newly-issued BBVA ordinary shares. The other 17.87% of the right owners opted to sell the rights of free allocation assigned to
them to BBVA, and as a result, BBVA acquired 1,137,500,965 rights for a total amount of <FONT STYLE="font-family:Times New Roman">&#128;</FONT>146,737,624.49. The price at which BBVA has acquired such rights of free allocation (in execution of said
commitment) was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.129 per right. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">13 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted&nbsp;by&nbsp;the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The Board of Directors, at its meeting held on June&nbsp;22, 2016, approved the distribution in cash of
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.08 (<FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.0648 withholding tax) per BBVA share, as gross interim dividend against 2016 results. The dividend is expected to be paid on
July&nbsp;11, 2016. The total amount paid to the shareholder&#146;s, after deducting the treasury shares held by the Group&#146;s entities, amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>517million euros. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">On September&nbsp;28, 2016, the Board of Directors approved the execution of the first of the share capital increases charged to voluntary reserves, as
agreed by the AGM held on March&nbsp;11, 2016 to implement the Dividend Option. As a result of this increase, the Bank&#146;s share capital increased by <FONT STYLE="font-family:Times New Roman">&#128;</FONT>42,266,085.33 (86,257,317 shares at a <FONT
STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each). 87.85% of the right owners have opted to receive newly-issued BBVA ordinary shares. The other 12.15% of the right owners opted to sell the rights of free allocation assigned to
them to BBVA, and as a result, BBVA acquired 787,374,942 rights for a total amount of 62,989,995.36 <FONT STYLE="font-family:Times New Roman">&#128;</FONT>. The price at which BBVA has acquired such rights of free allocation (in execution of said
commitment) was <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.08 per right. </P> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_15"></A>Operating segment reporting </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The information about operating segments is provided in accordance with IFRS 8. Operating segment reporting represents a basic tool in the oversight and
management of the BBVA Group&#146;s various activities. The BBVA Group compiles reporting information on disaggregated business activities. These business activities are then aggregated in accordance with the organizational structure determined by
the BBVA Group management into operating segments and, ultimately, the reportable segments themselves. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:1%; font-size:10pt; font-family:ARIAL" ALIGN="justify">During 2016, there have not
been significant changes in the reporting structure of the operating segments of the BBVA Group compared to the structure existing at the end of 2015. The structure of the operating segment is as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Banking activity in Spain </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Includes, as in previous years, the Retail Network in Spain, Corporate and Business Banking (CBB), Corporate&nbsp;&amp; Investment
Banking (CIB), BBVA Seguros and Asset Management units in Spain. It also includes the portfolios, finance and structural interest-rate positions of the euro balance sheet. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Real estate activity in Spain </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Covers specialist management of real-estate assets in the country (excluding buildings for own use), including: foreclosed real-estate
assets from residential mortgages and developers; as well as lending to developers. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">The United States </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Includes the Group&acute;s business activity in the country through the BBVA Compass group and the BBVA New York branch. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Turkey </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Includes the activity of the Garanti Group. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Mexico </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Includes all the banking, real-estate and insurance businesses in the country. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">South America </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Basically includes BBVA&acute;s banking and insurance businesses in the region. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-size:8pt" COLOR="#009ee5">&#9679;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Rest of Eurasia </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Includes business activity in the rest of Europe and Asia, i.e. the Group&acute;s retail and wholesale businesses in the area. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Lastly, the Corporate Center comprised of the rest of the items that have not been allocated to the operating segments. It includes: the costs of the head offices that
have a corporate function; management of structural exchange-rate positions; specific issues of capital instruments to ensure adequate management of the Group&#146;s global solvency; portfolios and their corresponding results, whose management is
not linked to customer relations, such as industrial holdings; certain tax assets and liabilities; funds due to commitments with employees; goodwill and other intangibles. It also comprises the result from certain corporate operations carried out by
the Group in 2015. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">14 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted&nbsp;by&nbsp;the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The breakdown of the BBVA Group&#146;s total assets by operating segments as of September&nbsp;30, 2016
and December&nbsp;31. 2015, is as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Total Assets by Operating Segments</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;2015 (*)&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Banking Activity in Spain</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">332,848&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">339,775</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Real Estate Activity in Spain</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">14,496&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">17,122</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;United States</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">84,676&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">86,454</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Turkey</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">88,553&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">89,003</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Mexico</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">89,678&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">99,594</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;South America</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">72,112&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">70,661</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Rest of Eurasia</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">20,062&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">23,469</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Subtotal Assets by Operating Segments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">702,425&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">726,079</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Corporate Center and other adjustments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">22,202&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">23,999</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Assets BBVA Group</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>724,627&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>750,078</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The figures corresponding to December&nbsp;31, 2015 have been restated under 2016 operating segment reporting structure
for the purpose of comparison with the information for September&nbsp;30, 2016 (see Note 1). </P></TD>
<TD WIDTH="6%">&nbsp;</TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The profit and main earning figures in the consolidated income statements for the nine months ended
September&nbsp;30, 2016 and 2015 by operating segments are as follows: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:5.5pt">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Millions of Euros</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>BBVA&nbsp;Group</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B>Operating Segments</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff; BORDER-BOTTOM:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>&nbsp;&nbsp;Corporate&nbsp;&nbsp;</B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>Center</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-RIGHT:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ROWSPAN="2" ALIGN="center" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>Adjustments&nbsp;(</B>*<B>)</B></FONT></P></TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#009ee5">&nbsp;</TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Main Margins and Profits by</FONT></B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Operating Segments</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1.00pt solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Banking</FONT></B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Activity&nbsp;in&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Spain</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Real&nbsp;Estate&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Activity&nbsp;in</FONT></B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Spain</FONT></B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">United&nbsp;States</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Turkey&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Mexico&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">South</FONT></B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;America&nbsp;&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" COLSPAN="2" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Rest&nbsp;of</FONT></B></FONT></P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Eurasia</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1.00pt solid #ffffff" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD></TR>


<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;September 2016</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Net interest income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">12,674</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,911</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">44</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,421</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,516</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,829</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,182</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">123</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(352)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gross income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">18,431</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,970</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(29)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,005</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,255</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,952</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,016</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">369</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(108)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Net operating income (1)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,882</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,260</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(120)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">640</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,981</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,157</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,606</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">119</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(760)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Operating profit /(loss) before tax</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,107</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,327</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(443)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">398</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,475</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,943</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,196</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">138</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(927)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Profit</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>2,797</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>936</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(315)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>298</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>464</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>1,441</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>576</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>101</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(704)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b2b2b2">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b2b2b2"></TD>
<TD VALIGN="bottom" BGCOLOR="#b2b2b2"></TD>
<TD VALIGN="bottom" BGCOLOR="#b2b2b2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;September 2015 (2)</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Net interest income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">11,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,342</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,320</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,029</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,483</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">130</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(324)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(411)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gross income</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">17,211</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,385</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(38)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,964</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,371</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,269</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,405</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">359</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(181)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(323)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Net operating income (1)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,399</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,844</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(131)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">630</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">685</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,311</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,888</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">107</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(824)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(111)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Operating profit /(loss) before tax</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,055</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,398</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(605)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">541</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">460</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,013</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,375</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">101</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(947)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,280)</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT COLOR="#074fa5">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:5.5pt">
<TD VALIGN="top" BGCOLOR="#b5e5f9"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:5.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Profit</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>1,702</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>987</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(417)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>394</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>249</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>1,522</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>693</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>66</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b5e5f9" ALIGN="right"><FONT COLOR="#074fa5"><B>(1,793)</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#b5e5f9"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#b2b2b2">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#b2b2b2"></TD>
<TD VALIGN="bottom" BGCOLOR="#b2b2b2"></TD>
<TD VALIGN="bottom" BGCOLOR="#b2b2b2"></TD></TR>
</TABLE></DIV> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Gross Income less Administrative Cost and Amortization </P></TD></TR></TABLE>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Year 2015 Includes adjustments due to Garanti Group accounted for using the equity method instead of using management
criteria (proportionally integrated), until consolidation date. </P></TD>
<TD WIDTH="4%">&nbsp;</TD></TR></TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(*)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The figures corresponding to September&nbsp;30, 2015 have been restated under 2016 operating segment reporting structure
for the purpose of comparison with the information for September&nbsp;30, 2016 (see Note 1). </P></TD>
<TD WIDTH="4%">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">15 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">6.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_17"></A>Risk management </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The principles and risk management policies, as well as tools and procedures established and implemented in the Group as of September&nbsp;30, 2016 do
not differ significantly from those included in the interim consolidated financial statements for the six months ended June&nbsp;30, 2016 (see Note 7). </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In accordance with IFRS 7, &#147;Financial Instruments: Disclosures&#148; the BBVA Group&#146;s maximum credit risk exposure by headings in the balance
sheets as of September&nbsp;30, 2016 and December&nbsp;31, 2015 is provided below. It does not consider the availability of collateral or other credit enhancements to guarantee compliance with payment obligations. The details are broken down by
financial instruments and counterparties. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Maximum Credit Risk Exposure</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;2015</FONT></B></FONT></P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Financial assets held for trading</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>33,164&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>37,424&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">29,240&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">32,825&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Equity instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,832&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,534&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Customer lending</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">91&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">65&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Other financial assets designated at fair value through profit or loss</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>2,104&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,311&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">62&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">168&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">173&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Equity instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,936&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,075&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Available-for-sale</FONT></FONT>
financial assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>87,030&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>113,710&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">82,040&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">108,448&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;Government</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">59,742&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">81,579&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;Credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">5,170&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,069&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;Other sectors</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">17,128&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">18,800&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Equity instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,990&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,262&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Loans and receivables</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>474,116&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>490,580&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;Loans and advances to central banks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">9,646&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">17,830&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">30,664&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">29,368&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">422,843&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">432,856&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">10,962&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">10,526&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Held-to-maturity</FONT></FONT>
investments</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>19,107&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Derivatives (trading and hedging)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>55,620&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>49,350&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Financial Assets Risk</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>671,141&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>693,375&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Loan commitments and financial
guarantees</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>175,040&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>185,609&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.00em; font-size:10pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Maximum Credit Exposure</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>846,181&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #ffffff"><FONT COLOR="#074fa5"><B>878,984&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">16 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The table below shows the composition of the impaired financial assets and risks as of
September&nbsp;30, 2016 and December&nbsp;31, 2015, broken down by heading in the accompanying consolidated balance sheet: </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Impaired secured loans Risks.</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Breakdown by Type of Asset and by Sector</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2015</FONT></B></FONT></P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Impaired financial Assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;
Available-for-sale</FONT></FONT> financial assets</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">238&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">76&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">238&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">76&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;Loans and receivables</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">23,627&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">25,363&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and advances to credit institutions</FONT></P></TD>

<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">22&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">25&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">23,589&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">25,333&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">17&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Impaired financial Assets</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>23,865&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>25,439&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Impaired financial guarantees given</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>665&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>664&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total impaired secured loans Risks</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>24,530&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>26,103&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below is presented the change in the impaired
financial assets in the period ended September&nbsp;30, 2016 and period ended December&nbsp;31, 2015: </P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Changes in Impaired Financial Assets and Contingent Risks</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2015</FONT></B></FONT></P></TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>26,103&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>23,234&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Additions</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,195&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">6,284&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Decreases (*)</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(5,583)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(4,917)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Net additions</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,612&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>1,367&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Amounts writtens off</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(4,209)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(3,702)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Acquisition of&nbsp;subsidiaries&nbsp;in the year</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">5,814&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Exchange diffetences and other</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">24&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(206)&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>24,530&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>26,507&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:16pt; margin-bottom:0pt; margin-left:6%; margin-right:7%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(*)&nbsp;&nbsp;&nbsp;&nbsp;Reflects the total amount of impaired loans derecognized from
the balance sheet throughout the period as a result of mortgage foreclosures and real estate assets received in lieu of payment as well as monetary recoveries. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">17 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below is a breakdown of the impairment losses and provisions for contingent risks recognized on the
accompanying consolidated balance sheets to cover estimated impairment losses as of September&nbsp;30, 2016 and December&nbsp;31, 2015, broken down by heading in the accompanying consolidated balance sheet: </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Impairment Losses and Provisions for Contingent Risks</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;
Available-for-sale</FONT></FONT> financial assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>356&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>284&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Loans and receivables</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>16,777&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>18,752&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">16,720&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">18,691&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">40&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">51&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">18&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">10&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Held-to-maturity</FONT></FONT>
investments</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>12&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>-&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Impairment losses on financial assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>17,146&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>19,036&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Provisions for commitments and guarantees given</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>940&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>714&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total provisions for credit risks</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>18,086&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>19,750&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Below are the changes in the period of three months ended September&nbsp;30, 2016 and September 30, 2015, in the
estimated impairment losses: </P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Changes in Impaired Financial Assets</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Balance at the beginning</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>19,750&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>14,833&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Increase in impairment losses charged to income</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">5,992&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">4,632&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Decrease in impairment losses charged to income</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(2,496)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(1,068)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Acquisition of&nbsp;subsidiaries&nbsp;in the year</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">6,924&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transfer to <FONT STYLE="white-space:nowrap">written-off</FONT> loans, exchange
differences and other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(5,161)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(5,541)&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Balance at the end</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>18,086&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>19,780&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">7.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_19"></A>Fair Value </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The criteria and valuation methods used to calculate the fair value of financial assets as of September&nbsp;30, 2016, do not differ significantly from
those included in the<B> </B>Note 8 from the interim consolidated financial statements for the six months ended June&nbsp;30, 2016. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the
three months ended September&nbsp;30, 2016, there is no material entry due to financial instruments transfers between the different levels of measurement and the changes are due to the variations in the fair value of the financial instruments. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">18 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>&nbsp;Translation of the Interim Consolidated Financial Statements
originally issued in Spanish and prepared in accordance with IAS&nbsp;34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">8.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_21"></A>Balance sheet </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Cash and cash balances at central banks </FONT></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Cash and cash balances at central banks</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Cash on hand</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">5,904&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">7,192&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Cash balances at central banks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">21,856&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">18,445&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other demand deposits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,414&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,646&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>31,174&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>29,282&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deposits from Central Banks (*) (**)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">32,802&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">21,022&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Repurchase agreements</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">5,639&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">19,065&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>38,441&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>40,087&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:16pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;(*) Includes Accrued Interest</P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;(*) Variation mainly due to the participation in TLTRO program</P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Financial Assets and Liabilities <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Held-for-Trading</FONT></FONT>
</FONT></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Financial Assets and Liabilities <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Held-for-Trading</FONT></FONT></FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Loans and advances</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">91&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">65&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">29,240&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">32,825&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Equity instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,832&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,534&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Derivatives</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">42,405&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">40,902&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>75,569&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>78,326&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Derivatives</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">42,599&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">42,149&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Short positions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">12,627&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">13,053&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>55,226&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>55,203&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:26pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Financial Assets <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Held-for-Trading</FONT></FONT></FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Debt securities by issuer</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issued by Central Banks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">386&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">214&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Spanish government bonds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,672&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">7,419&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Foreign government bonds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">20,549&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">21,821&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issued by Spanish financial institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">273&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">328&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issued by foreign financial institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,612&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,438&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,749&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,606&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>29,240&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>32,825&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">19 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Financial assets and liabilities designated at fair value through profit or loss
</FONT></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Financial assets and liabilities designated at fair value through profit or loss</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">62&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">168&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">173&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Unit-linked products</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">147&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">163&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">21&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">9&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Equity instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,936&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,075&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Unit-linked products</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,792&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,960&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">144&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">115&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>2,104&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,311&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other financial liabilities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,436&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,649&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Unit-linked products</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,436&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,649&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:8.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>2,436&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,649&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Available-for-sale</FONT></FONT>
financial assets </FONT></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Available-for-Sale</FONT></FONT> Financial Assets</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">82,040&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">108,448&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment losses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(173)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(139)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>81,866&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>108,310&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Equity instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,990&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,262&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment losses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(183)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(146)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>4,807&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>5,116&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>86,673&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>113,426&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Available-for-Sale</FONT></FONT> Financial Assets Debt securities</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Debt securities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issue by Central Banks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,030&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,273&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Spanish government bonds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">27,501&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">40,394&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Foreign government bonds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">30,211&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">38,913&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Issue by credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">5,170&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,069&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;&nbsp;&nbsp;Resident</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,154&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,789&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;Non-resident</FONT></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,016&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,279&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">15,562&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">18,150&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;&nbsp;&nbsp;Resident</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,352&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,074&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;Non-resident</FONT></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">14,209&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">16,076&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total gross</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>80,473&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>107,798&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment losses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(173)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(139)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accruals and adjustments for hedging derivatives</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">1,566&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">650&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>81,866&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>108,310&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the nine months of 2016, the heading &#147;Available for sale financial assets- Debt securities&#148; decreased
mainly due to the reclassification of certain debt securities to the heading &#147;Held to maturity investments&#148; in BBVA S.A. and in Garanti Group,&nbsp;mainly related to government debt securities.</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">20 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Loans and receivables </FONT></P>
<P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Loans and receivables</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Loans and advances to central banks</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>9,646&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>17,830&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Loans and advances to credit institutions</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>30,624&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>29,317&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Loans and advances to customers</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>406,124&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>414,165&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Mortgage secured loans</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">142,124&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">144,203&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other loans secured with security interest</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">58,315&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">57,041&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Unsecured loans</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">132,606&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">137,322&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Credit lines</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">12,868&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">13,758&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Commercial credit</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">12,056&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">13,434&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Receivable on demand and other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">8,799&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">9,226&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Credit cards</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">14,767&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">15,360&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Finance leases</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">8,920&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">9,032&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Reverse repurchase agreements</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">5,191&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">5,036&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Financial paper</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,052&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,063&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impaired assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">23,589&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">25,333&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total gross</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>420,287&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>430,808&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Valuation adjustments</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>(14,164)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(16,643)&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment losses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(16,720)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(18,691)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Derivatives &#150; Hedge accounting and others</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,405&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,199&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Rest of valuation adjustments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,151&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">849&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Debt securities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>10,943&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>10,516&nbsp;</B></FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>457,338&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>471,828&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The heading &#147;Loans and receivables &#150; Loans and advances to customers&#148; in the accompanying consolidated
balance sheets also includes certain secured loans that pursuant to the Mortgage Market Act, are linked to long-term mortgage-covered bonds. This heading also includes some loans that have been securitized. The balances recognized in the
accompanying consolidated balance sheets as of September&nbsp;30, 2016 and December&nbsp;31, 2015 amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>32,339&nbsp;million and
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>32,621&nbsp;million, respectively. </P> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Held to maturity investments
</FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="87%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Millions&nbsp;of&nbsp;Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Held-to-Maturity</FONT></FONT> Investments (*)</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Domestic Debt Securities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Spanish Government and other government agency debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">9,189&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other Domestic Securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">680&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">523&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other resident</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">156&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Foreign Debt Securities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Government and other government agency debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">8,200&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Others securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">1,038&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">974&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other non resident</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">64&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Valuation adjustments</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5">(12)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;TOTAL</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff; padding-right:8pt"><FONT COLOR="#074fa5"><B>19,094&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;(*)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;As of December&nbsp;31, 2015 the Group BBVA has not registered any balances in this heading.
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">21 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>&nbsp;Translation of the Interim Consolidated Financial Statements
originally issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">In the first quarter of 2016, some debt securities were reclassified from <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;Available-for-sale</FONT></FONT> financial assets&#148; to <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&#147;Held-to-maturity</FONT></FONT> investments&#148;.
This reclassification has been carried out once past the <FONT STYLE="white-space:nowrap">two-year</FONT> penalty established in <FONT STYLE="white-space:nowrap">IAS-39</FONT> standard (penalization which meant not being able to keep maturity
portfolio due to the significant sales that occurred in the year 2013) and since the intention the Group regarding how to manage such securities, is held to maturity. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The fair value carrying amount of these financials asset on the date of the reclassification amounted to
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>17,650&nbsp;million and becomes its new amortized cost. The previous gain on that asset that has been recognized in &#147;Accumulated other comprehensive income &#150; Items that may be
reclassified to profit or loss &#150; Available for sale financial assets&#148; is amortized to profit or loss over the remaining life of the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">held-to-maturity</FONT></FONT> investment
using the effective interest method. Any difference between the new amortized cost and maturity amount is also amortized over the remaining life of the financial asset using the effective interest method, similar to the amortization of a premium and
a discount. This reclassification was triggered by a change in the Group&acute;s strategy regarding the management of these securities. </P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT
 COLOR="#0070c1">Investments in joint ventures and associates </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Associates Entities and joint ventures. Breakdown by entities</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Associates Entities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">543&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">636&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Joint ventures</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">207&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">243&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>751&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>879&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of September&nbsp;30, 2016, the Group had classified part of the stake (317&nbsp;million euros)&nbsp;held by the
Group in Metrovacesa, SA to financial assets available for sale after the announcement of the spin off and merger of one of the <FONT STYLE="white-space:nowrap">split-off</FONT> parts with Merlin Properties REIT, SA, which was finally formalized on
October&nbsp;20, 2016. This reclassification resulted in such participation converted to fair value with no significant loss recorded in the consolidated income statement. </P>
<P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Tangible assets </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Tangible Assets. Breakdown by Type of Asset</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Cost Value, Amortizations and impairments</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Property plant and equipment</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;For own use</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Land and Buildings</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">5,742&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">5,858&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Work in Progress</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">328&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">545&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Furniture, Fixtures and Vehicles</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">7,547&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">7,628&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accumulated depreciation</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(5,787)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(5,654)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(351)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(354)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">7,479&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">8,021&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Leased out under an operating lease</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Assets leased out under an operating lease</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">958&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">668&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accumulated depreciation</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(223)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(202)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(11)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(10)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">725&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">456&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>8,204&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>8,477&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Investment property</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Building rental</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">1,954&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">2,013&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">48&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">378&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accumulated depreciation</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(110)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(116)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(627)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(808)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5"><B>1,265&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5"><B>1,467&nbsp;</B></FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>9,470&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>9,944&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">22 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Intangible assets </FONT></P>
<P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Intangible Assets.</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Goodwill</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">6,692&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">6,811&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other intangible assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,811&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,464&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>9,503&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>10,275&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the third quarter of 2016, the Group completed&nbsp;without significant changes&nbsp;the adjustments to the
initial calculation of the acquisition of Garanti (July 2015), in accordance with the acquisition method as per <FONT STYLE="white-space:nowrap">IFRS-3.</FONT> Among these adjustments, the Garanti brand has been reclassified to an intangible asset
with a finite useful life, with the subsequent depreciation under &#147;Depreciation &#150; Other intangible assets&#148; within the income statement (Note 9). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Tax assets and liabilities </FONT></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Tax assets and liabilities</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff; BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-BOTTOM:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Tax assets-</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>17,318&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>17,779&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Current tax assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,312&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,901&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deferred (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">16,007&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">15,878&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Tax Liabilities-</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>4,593&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>4,721&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Current tax liabilities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">964&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,238&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deferred tax liabilities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,630&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,483&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;(*) Includes guarantee deferred assets totaling
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>9,365 and <FONT STYLE="font-family:Times New Roman">&#128;</FONT>9,536&nbsp;million as of September&nbsp;30, 2016 and December&nbsp;31, 2015 respectively. </P>
<P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Pursuant to current legislation, the BBVA Consolidated Tax Group includes the Bank (as the parent company) and its Spanish subsidiaries that meet the
requirements provided for under Spanish legislation regulating the taxation regime for the consolidated profit of corporate groups. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The
Group&#146;s <FONT STYLE="white-space:nowrap">non-Spanish</FONT> other banks and subsidiaries file tax returns in accordance with the tax legislation in force in each country. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">According to IAS 34, income tax expense is recognized in each interim period based on the Group&#146;s best estimate of the weighted
average&nbsp;annual&nbsp;income&nbsp;tax&nbsp;rate&nbsp;expected&nbsp;for&nbsp;the full&nbsp;financial&nbsp;year. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balance under the heading
&#147;Tax assets&#148; in the accompanying consolidated balance sheets includes deferred tax assets. The balance under the &#147;Tax liabilities&#148; heading includes to the Group&#146;s various deferred tax liabilities. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">23 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Other assets and liabilities </FONT></P>
<P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Other assets and liabilities. Breakdown by nature</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Inventories</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,768&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,303&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Real estate companies</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,737&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,172&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Others</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">31&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">131&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transactions in progress</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">234&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">148&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accruals</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">913&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">804&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Unaccrued prepaid expenses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">620&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">558&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other prepayments and accrued income</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">294&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">246&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Insurance contracts linked to pensions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other items</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,464&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,311&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>8,379&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>8,566&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transactions in progress</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">206&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">52&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accruals</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,780&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,609&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Unpaid accrued expenses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,120&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,009&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other accrued expenses and deferred income</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">660&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">600&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other items</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">764&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,949&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>3,749&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>4,610&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1"><FONT STYLE="white-space:nowrap">Non-current</FONT> assets and disposal groups classified as held
for sale </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff"><FONT STYLE="white-space:nowrap">&nbsp;Non-current</FONT> assets and disposal groups classified as held for
sale<BR>&nbsp;Breakdown&nbsp;by&nbsp;items</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Foreclosures and recoveries</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,067&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,991&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other assets from:</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">392&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">706&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Business sale - Assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">60&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">37&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accrued amortization (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(53)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(80)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment losses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(1,340)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(1,285)&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total <FONT STYLE="white-space:nowrap">Non-current</FONT> assets and disposal
groups classified as held for sale</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>3,126&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3,369&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;(*) Net of accumulated amortization until reclassified as
<FONT STYLE="white-space:nowrap">non-current</FONT> assets and disposal groups held for sale. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Financial liabilities at
amortized cost </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Financial liabilities measured at amortised cost</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deposits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">491,905&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">511,992&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deposits from Central Banks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">38,441&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">40,087&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deposits from Credit Institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">68,116&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">68,543&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Customer deposits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">385,348&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">403,362&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities issued</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">76,363&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">81,980&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other financial liabilities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">13,325&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">12,141&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>581,593&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>606,113&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">24 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>&nbsp;Translation of the Interim Consolidated Financial Statements
originally issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Deposits from credit institutions </FONT></P>
<P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Deposits from credit institutions</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Reciprocal accounts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">144&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">160&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deposits with agreed maturity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">31,881&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">37,859&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Demand deposits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,560&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,121&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other accounts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">28&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">149&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Repurchase agreements</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">31,329&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">26,069&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Subtotal</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>67,942&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>68,358&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accrued interest until expiration</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">174&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">185&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>68,116&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>68,543&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Customer deposits </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Customer deposits</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;General Governments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">20,860&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">25,343&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Of which:</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Repurchase agreements</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">7,556&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Current accounts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">111,867&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">112,273&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Savings accounts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">83,306&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">82,975&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Fixed-term deposits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">157,459&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">165,125&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Repurchase agreements</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">9,444&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">15,711&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Subordinated deposits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">234&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">285&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other accounts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,227&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">812&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accumulated other comprehensive income</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">951&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">839&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>385,349&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>403,362&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Of which:</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;In Euros</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">184,093&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">203,053&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;In foreign currency</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">201,255&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">200,309&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Of which:</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deposits from other creditors without valuation adjustment</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">384,638&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">402,689&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.50em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accrued interests</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">711&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">673&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">25 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Debt securities issued </FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Debt securities issued</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;In Euros</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>45,592&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>51,449&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Promissory bills and notes</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">721&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">456&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-convertible</FONT> bonds and
debentures</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">8,900&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">9,764&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Mortgage Covered bonds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">23,083&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">28,740&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Hybrid financial instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">418&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">384&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Securitization bonds made by the Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,563&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4,580&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accrued interest and others (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,745&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,425&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Subordinated liabilities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">7,162&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">6,100&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Convertible</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,000&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,000&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Convertible perpetual securities</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,000&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,000&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Convertible subordinated debt</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-convertible</FONT></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,043&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,041&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Preferred Stock</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">358&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">358&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Other subordinated liabilities</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,685&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,683&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accrued interest and others (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">119&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">59&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Other subordinated liabilities</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>30,771&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>30,531&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Promissory bills and notes</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">248&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">192&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-convertible</FONT> bonds and
debentures</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">13,937&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">14,793&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Mortgage Covered bonds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">149&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">146&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Hybrid financial instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,151&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,392&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Securitization bonds made by the Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">4,245&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">3,039&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accrued interest and others (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">293&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">254&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Subordinated liabilities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">9,748&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">9,715&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Convertible</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,406&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,439&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Convertible perpetual securities</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,406&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,439&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Convertible subordinated debt</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-convertible</FONT></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">7,713&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">7,818&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Preferred Stock</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">595&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">616&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><I>&nbsp;Other subordinated liabilities</I></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">7,118&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">7,202&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Accrued interest and others (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">630&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">458&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Convertible subordinated debt</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>76,363&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>81,981&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;(*) Hedging transactions and issuance expenses </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During the nine months ended September&nbsp;30, 2016, BBVA, S.A. has amortized
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>7,263&nbsp;million. BBVA SA issued <FONT STYLE="font-family:Times New Roman">&#128;</FONT>2,750&nbsp;million of mortgage bonds, in the same period. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Other subordinated liabilities </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Other financial liabilities</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Creditors for other financial liabilities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">4,157&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">3,303&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Collection accounts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">2,725&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">2,369&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Creditors for other payment obligations</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">6,443&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">5,960&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Dividend payable but pending payment</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">509&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>13,325&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>12,141&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">26 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Liabilities under insurance and reinsurance contracts </FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Liabilities under Insurance and Reinsurance Contracts</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Technical Reserve and Provisions</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Mathematical reserves</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">7,951&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">8,101&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Provision for unpaid claims reported</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">699&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">697&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Provisions for unexpired risks and other provisions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">624&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">609&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>9,274&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>9,407&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Provisions </FONT></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Provisions. Breakdown by concepts</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Pensions and other post employment defined benefit obligations</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">5,967&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">6,299&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other long term employee benefits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Pending legal issues and tax litigation</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">451&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">616&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Commitments and guarantees given</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">939&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">714&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other provisions (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">1,270&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">1,223&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;8,627&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>&nbsp;&nbsp;8,852&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;(*) Provisions or contingencies in different geographies, those, individually, are not
significant. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Pension and other post-employment commitments </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Employees are covered by defined contribution plans in practically all of the countries in which the Group operates, with the plans in Spain and Mexico
being the most significant. Most defined benefit plans are closed to new employees and with liabilities relating largely to inactive employees, the most significant being those in Spain, Mexico, the United States and Turkey. In Mexico, the Group
provides post-retirement medical benefits to a closed group of employees and their family members. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The amounts relating to post-employment benefits
charged to the profit and loss account and other comprehensive income are as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Consolidated Income Statement Impact</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Interest and similar expenses (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">77&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">100&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Personnel expenses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">118&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">133&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Defined contribution plan expense</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">67&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">68&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Defined benefit plan expense</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">51&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">65&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Provisions (net)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">277&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">444&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total impact on Income Statement: Debit (Credit)</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>472&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>677&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;(*) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and similar charges includes interest
charges/credits. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Common stock </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As of September&nbsp;30, 2016, BBVA&#146;s share capital amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>3.175.375.383,25 divided into
6.480.357.925 shares. As a result of the increase carried out on October&nbsp;19, 2016, due to the execution of the first of the capital increase described in Note 4, BBVA&#146;s share capital, at the date of preparation of these consolidated
financial statements, amounted to <FONT STYLE="font-family:Times New Roman">&#128;</FONT>3,217,641,468.58 divided into 6,566,615,242 fully subscribed and <FONT STYLE="white-space:nowrap">paid-up</FONT> registered shares, all of the same class and
series, at <FONT STYLE="font-family:Times New Roman">&#128;</FONT>0.49 par value each, represented through book-entry accounts. All of the Bank shares carry the same voting and dividend rights, and no single stockholder enjoys special voting rights.
Each and every share is part of the Bank&#146;s common stock. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">27 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Retained earnings, revaluation reserves and other reserves </FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Retained earnings, revaluation reserves and other reserves</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015 (*)</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Retained earnings</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">23,809&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">22,588&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Revaluation reserves</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">21&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">22&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other reserves</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(150)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(98)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Reserves or accumulated losses of investments in subsidaries, joint</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;ventures and associates</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(150)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(98)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>23,680&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>22,512&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Accumulated other comprehensive income </FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Accumulated other comprehensive income</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Items that will not be reclassified to profit or loss</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(929)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(859)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Actuarial gains or (-) losses on defined benefit pension plans</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(929)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(859)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-current</FONT> assets and disposal groups
classified as held for sale</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Share of other recognised income and expense of investments in subsidaries,
joint</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;ventures and associates</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other adjustments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Items that may be reclassified to profit or loss</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(3,752)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(2,490)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Hedge of net investments in foreign operations [effective
portion]</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(167)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(274)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Foreign currency translation</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(5,588)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(3,905)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Hedging derivatives. Cash flow hedges [effective portion]</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">122&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(49)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Available-for-sale</FONT></FONT>
financial assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,898&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,674&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-current</FONT> assets and disposal groups
classified as held for sale</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Share of other recognised income and expense of investments in subsidaries,
joint</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;ventures and associates</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(18)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">64&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>(4,681)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(3,349)&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Minority interest <FONT STYLE="white-space:nowrap">(non-controlling</FONT> interests) </FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Minority interest Breakdown by Subsidiaries</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Colombia Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">62&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">58&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Chile Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">347&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">314&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Banco Continental Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">931&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">913&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Banco Provincial Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">101&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">100&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Banco Franc&eacute;s Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">216&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">220&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Garanti Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">6,600&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">6,460&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other companies</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">67&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">85&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>8,324&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>8,149&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">28 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Attributable to minority interest
<FONT STYLE="white-space:nowrap">(non-controlling</FONT> interests)</FONT></B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Breakdown by
Subsidiaries</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Colombia Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">6&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">8&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Chile Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">26&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">33&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Banco Continental Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">140&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">158&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Banco Provincial Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(11)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">3&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;BBVA Banco Franc&eacute;s Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">49&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">58&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Garanti Group</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">708&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">125&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other companies</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">6&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">26&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>925&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>411&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Commitments and guarantees given </FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Loan commitments and financial guarantees</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Financial guarantees given</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Collateral, bank guarantees and indemnities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">39,557&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">39,971&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Rediscounts, endorsements and acceptances</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">647&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">538&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Letter of credit and others</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">9,764&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">9,367&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total financial guarantees given</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>49,969&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>49,876&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Loan Commitments given</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Balances drawable by third parties:</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">109,661&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">123,620&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">864&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">921&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Government and other government agencies</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,920&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,570&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other resident sectors</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">27,399&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">27,334&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap">&nbsp;Non-resident</FONT> sector</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">78,477&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">92,795&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other contingent liabilities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">15,412&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">12,113&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total loan commitments given</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>125,072&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>135,733&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total Loan commitments and financial guarantees</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>175,041&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>185,609&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1"><FONT STYLE="white-space:nowrap">Off-balance</FONT> sheet customer funds </FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff"><FONT STYLE="white-space:nowrap">&nbsp;Off-Balance</FONT> Sheet Customer Funds by Type</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;December&nbsp;&nbsp;&nbsp;<BR>2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Mutual funds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">54,555&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">54,419&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Pension funds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">32,628&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">31,542&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Customer portfolios</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">40,494&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">42,074&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other resources</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">3,156&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">3,786&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>130,833&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>131,822&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">29 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">9.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_23"></A>Income statement </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During 2015, the following events took place: acquisition of Catalunya Banc (second quarter), the consolidation of Garanti from the date of effective
control (third quarter). These effects impact all the income statement lines of the Group. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Net Interest income </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Interest income </FONT></P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Interest Income Breakdown by Origin</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Central Banks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">156&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">107&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Loans and advances to credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">159&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">176&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">16,095&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">13,751&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;General governments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">317&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">429&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Resident sector</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,251&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,541&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Non resident sector</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">13,528&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">10,782&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3,173&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2,709&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">745&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">758&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Available-for-sale</FONT></FONT>
financial assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">2,429&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,951&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Adjustments of income as a result of hedging transactions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(296)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(255)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Insurance activity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">869&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">807&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other income</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">478&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">428&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>20,636&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>17,724&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Interest expenses </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Interest Expenses Breakdown by Origin</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="right" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9.5pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2015&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Central banks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">162&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">91&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Deposits from credit institutions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">1,016&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">803&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Customers deposits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">4,346&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">3,011&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities issued</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">1,753&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">1,886&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Adjustments of expenses as a result of hedging transactions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(420)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(666)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Cost attributable to pension funds</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">77&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">100&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Insurance activity</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">593&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">581&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other expenses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">435&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">317&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>7,961&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>6,124&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Dividend interest </FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Dividend Income</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Dividends from:</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Financial assets held for trading</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">131&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">120&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Available-for-sale</FONT></FONT>
financial assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">204&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">168&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>336&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>288&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">30 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Share of profit or loss of entities accounted for using the equity method
</FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">&#147;Investments in Entities Accounted for Using the Equity Method&#148; amounted to
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>18&nbsp;million for the nine months ended September&nbsp;30, 2016 compared with the <FONT STYLE="font-family:Times New Roman">&#128;</FONT>192&nbsp;million recorded for the three nine ended
September&nbsp;30, 2015 mainly as a result of the decrease in the contribution from Garanti Group due to the change in consolidation method that took place in the third quarter of 2015. </P>
<P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Fee and Commissions Income and expenses </FONT></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Fee and Commission Income</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Bills receivables</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">40&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">62&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Demand accounts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">351&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">327&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Credit and debit cards</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,998&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,379&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Checks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">152&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">179&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transfers and others payment orders</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">422&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">377&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Insurance product commissions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">132&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">141&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Commitment fees</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">178&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">128&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Contingent risks</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">301&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">303&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Asset Management</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">627&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">644&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Securities fees</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">257&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">228&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Custody securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">92&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">102&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other fees and commissions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">496&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">702&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>5,046&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>4,572&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:32pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Fee and Commission Expenses</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Commissions for selling insurance</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">45&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">61&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Credit and debit cards</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">946&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">708&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Transfers and others payment orders</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">75&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">74&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other fees and commissions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">422&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">382&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>1,489&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>1,225&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:32pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Gains or losses on financial assets and liabilities </FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Gains or losses on financial assets and liabilities</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Breakdown&nbsp;by&nbsp;Heading&nbsp;of&nbsp;the&nbsp;Balance&nbsp;Sheet</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gains or losses on derecognition of financial assets and liabilities not measured
at fair</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;value through profit or loss, net</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">992&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">818&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;Available-for-sale</FONT></FONT>
financial assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">770&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">751&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Loans and receivables</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">81&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">67&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">142&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gains or losses on financial assets and liabilities held for trading,
net</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">180&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(434)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gains or losses on financial assets and liabilities designated at fair value
through profit or</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;loss,&nbsp;net</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">50&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">190&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gains or losses from hedge accounting, net</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">(56)&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">155&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>1,166&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>730&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">31 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Gains or losses on financial assets and liabilities</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Breakdown by nature of the Financial Instrument</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">681&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">305&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Equity instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">133&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">(540)&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Loans and advances to customers</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">51&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">74&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Derivatives</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">254&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">712&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Costumer deposits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">22&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">158&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">25&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">20&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>1,166&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>730&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Exchange differences (net)
</FONT></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">The balance of the heading &#147;Exchange differences (net)&#148; stood at
<FONT STYLE="font-family:Times New Roman">&#128;</FONT>587&nbsp;million in the third quarter of 2016, compared with <FONT STYLE="font-family:Times New Roman">&#128;</FONT>850&nbsp;million in the third quarter of 2015. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Other operating income and expenses and income and expenses on insurance and reinsurance contracts </FONT></P>
<P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Other operating income and income on insurance and reinsurance contracts</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Other operating income</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>972&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>887&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Financial income from <FONT STYLE="white-space:nowrap">non-financial</FONT>
services</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">623&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">591&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Of which: Real estate companies</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">408&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">428&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Rest of other operating income</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">350&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">297&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Of which: from rented buildings</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">57&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">65&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Income on insurance and reinsurance contracts</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>2,741&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>2,633&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:30pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Other operating expenses and expenses on insurance and reinsurance contracts</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Other operating expenses</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>1,644&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>1,436&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Change in inventories</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">446&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">440&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Of Which: Real estate companies</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">368&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">386&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Rest of other operating expenses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,198&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">996&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Expenses on insurance and reinsurance contracts</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>1,977&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>1,880&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Administration costs </FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Personnel expenses </FONT></P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Personnel Expenses</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Wages and salaries</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">3,908&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">3,443&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Social security costs</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">601&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">597&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Defined contribution plan expense</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">67&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">68&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Defined benefit plan expense</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">51&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">65&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other personnel expenses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">397&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">413&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>5,025&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>4,586&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">32 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><FONT COLOR="#009ee5">Other administrative expenses </FONT></P>
<P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;General and Administrative Expenses</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Technology and systems</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">509&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">494&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Communications</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">230&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">229&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Advertising</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">299&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">286&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Property, fixtures and materials</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">819&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">837&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of which: Rent expenses (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">470&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">483&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Taxes other than income tax</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">325&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">325&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other expenses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">1,281&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1,123&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>3,463&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3,294&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;(*) &nbsp;&nbsp;The consolidated companies do not expect to terminate the lease contracts early.
</P> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Depreciation </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Depreciation</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Tangible assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">509&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">434&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;For own use</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">493&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">415&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Investment properties</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">16&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">19&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Assets leased out under financial lease</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other Intangible assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">552&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">498&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>1,061&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>932&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Provisions or reversal of provisions </FONT></P>
<P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Provisions or reversal of provisions</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Pensions and other post employment defined benefit obligations</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">277&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">444&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other long term employee benefits</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Commitments and guarantees given</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">17&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">12&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Pending legal issues and tax litigation</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">40&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">36&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other Provisions</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">128&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">82&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>463&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>574&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:32pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Impairment or reversal of impairment on financial assets not measured at fair value through profit
or loss </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Impairment or reversal of impairment on financial assets not measured at fair value<BR>&nbsp;through profit or loss</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;
Available-for-sale</FONT></FONT> financial assets</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>152&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Debt securities</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">116&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">1&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other equity instruments</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">36&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">2&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Loans and receivables</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>2,962&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3,211&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Of which: Recovery of <FONT STYLE="white-space:nowrap">written-off</FONT>
assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">366&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">338&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>3,114&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>3,214&nbsp;</B></FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">33 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8.5pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#828282"><I>Translation of the Interim Consolidated Financial Statements originally
issued in Spanish and prepared in accordance with IAS 34, as<BR> adopted by the European Union (See Note 1 and 10). In the event of a discrepancy, the Spanish-language version prevails. </I></FONT></P>
<p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Impairment or reversal of impairment on
<FONT STYLE="white-space:nowrap">non-financial</FONT> assets </FONT></P> <P STYLE="font-size:22pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9.5pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Impairment or reversal of impairment on <FONT STYLE="white-space:nowrap">non-financial</FONT> assets</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;<BR>2016</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;<BR>2015</FONT></B></FONT></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Intangible assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Other intangible assets</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">3&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">4&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Tangibles assets for own use</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">38&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">24&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Investment properties</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">28&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">30&nbsp;</FONT></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Inventories</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5">103&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5">148&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>172&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>206&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Gains or losses on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets
and investments in subsidiaries, joint ventures and associates, net </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center"><B>Millions of Euros</B></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Gains or losses on derecognition of <FONT STYLE="white-space:nowrap">non-financial</FONT> assets and investments
in<BR>&nbsp;subsidiaries,&nbsp;joint&nbsp;ventures&nbsp;and&nbsp;associates,&nbsp;net</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2015</FONT></B></FONT></P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Gains</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Disposal of investments in subsidiaries</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">41&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">13&nbsp;&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Disposal of tangible assets and other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">46&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">63&nbsp;&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Losses:</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Disposal of investments in subsidiaries</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(2,218)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Disposal of tangible assets and other</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(33)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(4)&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>54&nbsp;&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>(2,146)&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">During 2015, the heading &#147;Losses &#150; Disposal of investments in subsidiaries&#148; included, mainly, the fair
value measurement of its previously acquired stake in Garanti because of the change in the consolidation method. </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL" ALIGN="justify"><FONT COLOR="#0070c1">Profit or
loss from <FONT STYLE="white-space:nowrap">non-current</FONT> assets and disposal groups classified as held for sale not qualifying as discontinued operations </FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD></TR>
<TR BGCOLOR="#074fa5" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="middle" BGCOLOR="#009ee5"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;Profit or loss from <FONT STYLE="white-space:nowrap">non-current</FONT> assets and disposal groups classified as held
for<BR>&nbsp;sale&nbsp;not&nbsp;qualifying&nbsp;as&nbsp;discontinued&nbsp;operations</FONT></B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #ffffff" BGCOLOR="#009ee5">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;September&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2016</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#009ee5">&nbsp;</TD>
<TD VALIGN="middle" ALIGN="center" BGCOLOR="#009ee5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">September&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">2015</FONT></B></FONT></P></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gains on sale of real estate</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">33&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">23&nbsp;&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Impairment of <FONT STYLE="white-space:nowrap">non-current</FONT> assets held for
sale</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(129)&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">(170)&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gains on sale of investments classified as non current assets held for
sale</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">16&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">44&nbsp;&nbsp;</FONT></P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5">&nbsp;Gains on sale of equity instruments classified as non current assets held for
sale (*)</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">-&nbsp;&nbsp;</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; font-size:9pt; font-family:ARIAL" ALIGN="right"><FONT COLOR="#074fa5">878&nbsp;&nbsp;</FONT></P></TD></TR>
<TR BGCOLOR="#b5e5f9" STYLE="font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL"><FONT COLOR="#074fa5"><B>&nbsp;Total</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #ffffff">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-RIGHT:1px solid #ffffff"><FONT COLOR="#074fa5"><B>(80)&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><FONT COLOR="#074fa5"><B>775&nbsp;&nbsp;</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:5%; font-size:8pt; font-family:ARIAL" ALIGN="justify">&nbsp;(*) &nbsp;&nbsp;The balance of this heading includes the gains from the sale of CNCB during 2015
</P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:14pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%" VALIGN="top" ALIGN="left"><FONT COLOR="#074fa5">10.</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:14pt"><FONT COLOR="#074fa5"><A NAME="tx299794_25"></A>Subsequent events </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">From October&nbsp;1, 2016 to the date of preparation of these consolidated financial statements, no other subsequent events not mentioned above in these interim
financial statements, except the one mentioned in note 4 concerning to the dividend option, have taken place that significantly affect the Group&#146;s earnings or its equity position. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">34 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="29%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="19%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><B>Banco Bilbao Vizcaya Argentaria, S.A.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman; ">Date: December&nbsp;19, 2016</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman; ">By: /s/ Mar&iacute;a &Aacute;ngeles Pel&aacute;ez</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman; ">Name: Mar&iacute;a &Aacute;ngeles Pel&aacute;ez</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman; ">Title: Authorized representative</FONT></TD></TR>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
